Analyze equity section of balance sheet. (LO 1, 5)

Outback Steakhouse reported the following information on the financial statements included with its 2005 annual report. Were any new shares of common stock issued during the year ended 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) Common stock, par value $0.01 Authorized: 200,000 shares; December 31, December 31, 2005 2004 Issued: 78,750 shares at Dec. 31, 2005; 78,750 shares at Dec. 31, 2004 Outstanding: 74,854 shares at Dec. 31, 2005 788 788 73,767 shares at Dec. 31, 2004 Additional paid-in capital Retained earnings 291,035 271,109 1,104,423 1,025,447