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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.