Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances.

Deficit (debit balance in retained earnings)	$ 2,000
Common stock	2,400
Paid-in capitalshare repurchase	1,200
Treasury stock (at cost)	320
Paid-in capitalexcess of par	31,900

During 2025 ($ in thousands), net income was $10,400; 25% of the treasury stock was resold for $590; cash dividends declared were $690; cash dividends paid were $480.

What ($ in thousands) was shareholders' equity as of December 31, 2025?