Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet.Stockholders' Equity ($ thousands, except par value amounts)January 30, 2016January 31, 2015Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of January 30, 2016, and January 31, 2015$1,033$1,033Paid-in capital407,029434,137Retained earnings2,530,1962,550,673Accumulated other comprehensive loss, net of tax(114,619)(83,580)Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively(1,532,576)(1,512,562)Total Abercrombie & Fitch Co. stockholders' equity1,291,0631,389,701Noncontrolling interests4,6590Total shareholders' equity$ 1,295,722$ 1,389,701(a) Show the computation to yield the $1,033 balance reported for common stock. Enter complete number for number of shares (with all zeros).(b) How many shares are outstanding at 2016 fiscal year-end?

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Asked Nov 3, 2019
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Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet.

Stockholders' Equity ($ thousands, except par value amounts) January 30, 2016 January 31, 2015
Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of January 30, 2016, and January 31, 2015 $1,033 $1,033
Paid-in capital 407,029 434,137
Retained earnings 2,530,196 2,550,673
Accumulated other comprehensive loss, net of tax (114,619) (83,580)
Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively (1,532,576) (1,512,562)
Total Abercrombie & Fitch Co. stockholders' equity 1,291,063 1,389,701
Noncontrolling interests 4,659 0
Total shareholders' equity $ 1,295,722 $ 1,389,701



(a) Show the computation to yield the $1,033 balance reported for common stock. Enter complete number for number of shares (with all zeros).

(b) How many shares are outstanding at 2016 fiscal year-end?

 

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Step 1

a. Calculate the amount of yield reported in common stock.

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Common stock Number of issued shares x Par value per share 103.300 thousand shares x $ 0.01 per share $1,033 thousand

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Step 2

b. Calculate the number of outstanding share...

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Number of issued shares - Outstanding shares Treasury stock 103,300 thousand - 35.952 thousand 67,348 thousand shares

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