The board of directors of Nautilus, Inc. has authorized management to repurchase up to $100-million of the company's common stock in open-market transactions, at such times and in such amounts as management deems appropriate, depending on market conditions and other factors. The authorization will expire on March 31, 2008, unless extended by the board of directors.
The company reported April 27 that it finished the first quarter of 2005 with $123.3 million in cash and short term investments. The company has no debt.
In addition, the company announced that its board of directors declared a regular quarterly dividend of 10 cents per common share, payable June 10, 2005, to stockholders of record as of May 20, 2005.
