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The following information comes from the 2024 Annual Report to stockholders of Composition Incorporated (in thousands): From the Statement of Changes in Shareholders' Equity: BALANCES
The following information comes from the 2024 Annual Report to stockholders of Composition Incorporated (in thousands): From the Statement of Changes in Shareholders' Equity: BALANCES at December 31, 2022 Net earnings Sales of common stock under option plans Cash dividends declared on common stock: $0.538 per share Compensation under employee incentive plans Treasury shares exchanged for Acquisitions Purchase of shares for treasury BALANCES at December 31, 2023 Net earnings Sales of common stock under option plans Cash dividends declared on common stock: $0.548 per share Compensation under employee incentive plans Purchase of shares for treasury BALANCES at December 31, 2024 From the Statement of Cash Flows: Cash flows from financing activities: Dividends paid 2024 2023 $ 72,254 $ 66,942 Required: How many shares of treasury stock were removed for use during 2023? Note: Enter your answer in thousands. Treasury stock removed during 2023 Paid-in capital-excess of par $ 0 Number of Treasury shares (30,571) Treasury stock amount Retained earnings $ (524,421) $ 1,673,482 243,041 (5,191) 378 10,748 (68,962) (1,812) 396 139,309 20,459 9,418 318,393 (6,678) 132,306 (16,016) (123,006) (308,868) 1,847,561 81,975 (3,548) 280 7,105 (73,003) (197) 367 (2,943) 8,281 (48,688) $ 128,561 (18,312) $ (342,170) $ 1,856,533
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