In its balance sheet at December 31, 2016, Penny Cheesecake Company reported Penny Cheesecake Company Balance Sheet: Stockholders' Equity December 31, 2016 (Thousands of Dollars Except Share Data) Shareholders' equity Common stock, $.50 par value. Authorized 600,000,000 shares, Issued 209,694,630 shares Additional paid-in capital Retained earnings $104,847 625,961 2,978,317 8149 ccumulated other comprehensive income Treasury stock, at cost 72,278,515 shares Total shareholders' equity $1.615.420 On January 1, 2017, the board of directors of Penny Cheesecake Company declared a dividend of $1.40 per share on its common stock payable on February 1, 2017 to stockholders of record as of January 15, 2017 with an ex-dividend date on January 13, 2017