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Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a
Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality USDA prime grade steaks and other premium offerings. Currently, there are 100 Ruth's Chris restaurants, of which 50 are company-owned and 50 are franchisee-owned, including 10 international franchisee-owned restaurants in Mexico, Hong Kong, Taiwan, and Canada. Information from the company's annual report is shown below (dollar amounts in thousands, except per share data): Common stock, par value $0.01, 100, 130, 000 shares authorized, 23, 255, 356 issued and outstanding at December 31, 2007; 23, 378, 056 issued and outstanding at December 31, 2008. Additional paid-in capital $185, 431 in 2007 and $184, 389 in 2008. Accumulated deficit $82, 597 in 2007. Net loss in 2008 was $55, 283. No dividends were paid. Required: Prepare the stockholders' equity section of the balance sheet at December 31, 2008. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign. Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.)
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