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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total before Non- controlling Interest
Share Capital
Treasury Shares
Additional Paid-in Capital
Contributed Surplus
 [1]
Accumulated Other Comprehensive Loss
 [2]
Accumulated Retained Losses
Non-controlling Interest
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 (105,869) (154,423)           (154,423) 48,554
Dividends (37,304) (29,288)           (29,288) (8,016)
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 72,236 9,989     9,989       62,247
Other comprehensive loss 651 651         651    
Ending balance at Jun. 30, 2019 1,760,514 1,577,063 101,303 (20,483) 1,872,194 200,000 (27,861) (548,090) 183,451
Beginning balance at Dec. 31, 2019 1,750,826 1,498,261 101,303 (39,098) 1,876,067 200,000 (34,866) (605,145) 252,565
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss (214,676) (259,881)           (259,881) 45,205
Dividends (16,288) 0             (16,288)
Employee stock compensation 2,904 2,904 73   2,831        
Forfeiture of employee stock compensation (133) (133)     (133)        
Repurchase and cancellation of treasury shares (16,650) (16,650) (3,500) 39,098       (52,248)  
Other comprehensive loss (20,994) (20,994)         (20,994)    
Ending balance at Jun. 30, 2020 $ 1,484,989 $ 1,203,507 $ 97,876 $ 0 $ 1,878,765 $ 200,000 $ (55,860) $ (917,274) $ 281,482
[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.
[2] As at June 30, 2020, and 2019, our accumulated other comprehensive (loss)/income consisted of gains of $0.1 million and $nil million of pension and post retirement benefit plan adjustments and $21.1 million loss and $0.7 million income of our share of affiliates comprehensive (loss)/income, respectively.