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

Deficit (debit balance in retained earnings)	$ 1,800
Common stock	2,300
Paid-in capitalshare repurchase	2,800
Treasury stock (at cost)	240
Paid-in capitalexcess of par	30,300

During 2025 ($ in thousands), net income was $10,400; 25% of the treasury stock was resold for $500; cash dividends declared were $640; cash dividends paid were $440.

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