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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, 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 (214,676) (259,881)           (259,881) 45,205
Dividends, Noncontrolling Interest (16,288) 0             (16,288)
Employee stock compensation 2,904 2,904 73   2,831        
Forfeiture of employee stock compensation (133) (133)     (133)        
Stock Repurchased During Period, Value (16,650) (16,650) (3,500) 39,098       (52,248)  
Realized accumulated comprehensive losses on disposal of investment in affiliate 0                
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
Beginning balance at Dec. 31, 2020 1,630,647 1,292,523 109,944 0 1,969,602 200,000 (56,073) (930,950) 338,124
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss)/income 570,439 496,797           496,797 73,642
Dividends, Noncontrolling Interest (20,702) 0             (20,702)
Employee stock compensation 2,017 2,017     2,017        
Forfeiture of employee stock compensation (135) (135)     (135)        
Restricted stock units 0   264   (264)        
Proceeds from subscription of equity interest in Gimi MS Corporation 12,812               12,812
Stock Repurchased During Period, Value [3] (20,495) (20,495)   (20,495)          
Realized accumulated comprehensive losses on disposal of investment in affiliate [2] 43,380                
Other comprehensive loss, excluding loss on disposal of affiliate (3,035) (3,035)         (3,035)    
Other comprehensive loss 40,345                
Ending balance at Jun. 30, 2021 $ 2,214,928 $ 1,811,052 $ 110,208 $ (20,495) $ 1,971,220 $ 200,000 $ (15,728) $ (434,153) $ 403,876
[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, 2021, and 2020, our other comprehensive loss consisted of a gain of $0.1 million and $0.1 million of pension and post-retirement benefit plan adjustments and $nil and $21.1 million loss of our share of affiliates comprehensive loss from discontinued operations, respectively.
[3] During the six months ended June 30, 2021 we repurchased 1.7 million of treasury shares for a consideration of $20.5 million, inclusive of brokers commission of $0.03 million .