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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Total | Total before Non- controlling Interests | Share Capital | Treasury Shares | Additional Paid-in Capital | Contributed Surplus | [1] | Accumulated Other Comprehensive Loss | Accumulated Retained (Losses)/Earnings | Non-controlling Interest
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2017 | $ 1,796,304 | $ 1,715,316 | $ 101,119 | $ (20,483) | $ 1,538,191 | $ 200,000 | $ (7,769) | $ (95,742) | $ 80,988
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |
Net (loss)/income | 141,973 | 81,529 |  |  |  |  |  | 81,529 | 60,444
Dividends | (37,958) | (22,350) |  |  |  |  |  | (22,350) | (15,608)
Exercise of share options | 2,597 | 2,597 | 180 |  | 2,417 |  |  |  |
Grant of employee stock compensation | 11,026 | 11,026 |  |  | 11,159 |  |  | (133) |
Forfeiture of employee stock compensation | (1,492) | (1,492) |  |  | (1,492) |  |  |  |
Proceeds from subscription of equity interest in Gimi MS Corporation (note 9) | 28,703 |  |  |  |  |  |  |  | 28,703
Sale of equity interest in common units | 177,977 | 304,468 |  |  | 304,468 |  |  |  | (126,491)
Conversion of debt to equity | 55,134 |  |  |  |  |  |  |  | 55,134
Other comprehensive loss/income | (27,868) | (27,868) |  |  |  |  | (27,868) |  |
Ending balance at Sep. 30, 2018 | 2,146,396 | 2,063,226 | 101,299 | (20,483) | 1,854,743 | 200,000 | (35,637) | (36,696) | 83,170
Beginning balance at Dec. 31, 2018 | 1,825,791 | 1,745,125 | 101,303 | (20,483) | 1,857,196 | 200,000 | (28,512) | (364,379) | 80,666
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |
Net (loss)/income | (166,826) | (236,724) |  |  |  |  |  | (236,724) | 69,898
Dividends | (44,517) | (28,810) |  |  |  |  |  | (28,810) | (15,707)
Grant of employee stock compensation | 7,601 | 7,601 |  |  | 7,601 |  |  |  |
Forfeiture of employee stock compensation | (473) | (473) |  |  | (473) |  |  |  |
Proceeds from subscription of equity interest in Gimi MS Corporation (note 9) | 77,086 | 9,989 |  |  | 9,989 |  |  |  | 67,097
Other comprehensive loss/income | (6,624) | (6,624) |  |  |  |  | (6,624) |  |
Ending balance at Sep. 30, 2019 | $ 1,692,038 | $ 1,490,084 | $ 101,303 | $ (20,483) | $ 1,874,313 | $ 200,000 | $ (35,136) | $ (629,913) | $ 201,954
[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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