At the beginning of its fiscal year, Phalanx Inc. has 750 shares authorized, 439 shares issued, and 118 shares of treasury stock. Three months later, employees of Phalanx purchased 33 shares from the company through an employee stock purchase plan at a 20% discount to the market price of the stock. On that day, Phalanx also repurchased 39 shares into treasury stock. How many shares were outstanding after the employee share purchases and the repurchase of shares into treasury stock?