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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) income (166,826) (236,724)           (236,724) 69,898
Dividends (44,517) (28,810)           (28,810) (15,707)
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 77,086 9,989     9,989       67,097
Other comprehensive income (loss) (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
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) income (206,572) (281,683)           (281,683) 75,111
Dividends (16,288) 0             (16,288)
Employee stock compensation 4,427 4,427 73   4,354        
Forfeiture of employee stock compensation (176) (176)     (176)        
Repurchase and cancellation of treasury shares (16,650) (16,650) (3,500) 39,098       (52,248)  
Proceeds from subscription of equity interest in Gimi MS Corporation 7,098 0             7,098
Other comprehensive income (loss) (22,133) (22,133)         (22,133)    
Ending balance at Sep. 30, 2020 $ 1,500,532 $ 1,182,046 $ 97,876 $ 0 $ 1,880,245 $ 200,000 $ (56,999) $ (939,076) $ 318,486
[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 September 30, 2020, and 2019, our accumulated other comprehensive loss consisted of a gain of $0.2 million and loss of $0.2 million of pension and post retirement benefit plan adjustments and $22.3 million loss and $6.5 million loss of our share of affiliates comprehensive loss, respectively.