outback steakhouse reported the following information on the financial statement is 541403

E8-1B. Analyze equity section of balance sheet (.L O 1, 5)

Outback Steakhouse reported the following information on the financial statement is included with its 2005 annual report. Were any new shares of common stock issued during the year end December 31, 2005? Did the company report a net income for the year ended December 31 2005? Explain how you know.

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(in thousands except per share amounts)

December 31 , 2005

December 31, 2004

Common stock, par value $0.01

Authorized: 200,000 shares;

Issued: 78,750 shares at Dec. 31,2005;

78,750 shares at Dec. 31, 2004

788

788

Outstanding: 74,854 shares at Dec. 31, 2005

73,767 shares at Dec. 31, 2004

Additional paid-in capital

291,0 35

271,109

Retained earnings

1,104,423

1,025,447

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