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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Total | Share Capital | Treasury Shares | Additional Paid-in Capital | Contributed Surplus | [1] | Accumulated Other Comprehensive Loss | Accumulated Retained (Losses)/Earnings | Total before Non- controlling Interests | Non-controlling Interest
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2017 | $ 1,796,304 | $ 101,119 | $ (20,483) | $ 1,538,191 | $ 200,000 | $ (7,769) | $ (95,742) | $ 1,715,316 | $ 80,988
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |
Net (loss)/income | 44,761 |  |  |  |  |  | 15,317 | 15,317 | 29,444
Dividends | (9,906) |  |  |  |  |  | (9,906) | (9,906) |
Exercise of share options | 1,183 | 120 |  | 1,063 |  |  |  | 1,183 |
Grant of employee stock compensation | 7,214 |  |  | 7,214 |  |  |  | 7,214 |
Forfeiture of employee stock compensation | (1,426) |  |  | (1,426) |  |  |  | (1,426) |
Proceeds from subscription of equity interest in Gimi MS Corporation (note 9) | 28,702 |  |  |  |  |  |  |  | 28,702
Other comprehensive loss/income | (24,137) |  |  |  |  | (24,137) |  | (24,137) |
Ending balance at Jun. 30, 2018 | 1,842,695 | 101,239 | (20,483) | 1,545,042 | 200,000 | (31,906) | (90,331) | 1,703,561 | 139,134
Beginning balance at Dec. 31, 2018 | 1,825,791 | 101,303 | (20,483) | 1,857,196 | 200,000 | (28,512) | (364,379) | 1,745,125 | 80,666
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |
Net (loss)/income | (105,869) |  |  |  |  |  | (154,423) | (154,423) | 48,554
Dividends | (37,304) |  |  |  |  |  | (29,288) | (29,288) | (8,016)
Grant of employee stock compensation | 5,097 |  |  | 5,097 |  |  |  | 5,097 |
Forfeiture of employee stock compensation | (88) |  |  | (88) |  |  |  | (88) |
Proceeds from subscription of equity interest in Gimi MS Corporation (note 9) | 72,236 |  |  | 9,989 |  |  |  | 9,989 | 62,247
Other comprehensive loss/income | 651 |  |  |  |  | 651 |  | 651 |
Ending balance at Jun. 30, 2019 | $ 1,760,514 | $ 101,303 | $ (20,483) | $ 1,872,194 | $ 200,000 | $ (27,861) | $ (548,090) | $ 1,577,063 | $ 183,451
[1] | Contributed Surplus is 'capital' that can be returned to shareholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends.

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