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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 (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)        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 10) 7,098 0             7,098
Repurchase and cancellation of treasury shares (16,650) (16,650) (3,500) 39,098       (52,248)  
Realized accumulated comprehensive losses on disposal of investment in affiliate (note 9) 0                
Other comprehensive 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
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 514,804 405,842           405,842 108,962
Dividends (28,437) 0             (28,437)
Employee stock compensation 3,244 3,244     3,244        
Forfeiture of employee stock compensation (221) (221)     (221)        
Restricted stock units 0 0 264   (264)        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 10) 16,872 0             16,872
Repurchase and cancellation of treasury shares (24,484) [3] (24,484) [3] (1,985) [3] (24,500)       (22,499) [3]  
Realized accumulated comprehensive losses on disposal of investment in affiliate (note 9) 43,380 43,380         43,380    
Other comprehensive loss, excluding loss on disposal of affiliate (3,109) (3,109)         (3,109)    
Other comprehensive loss 40,271                
Ending balance at Sep. 30, 2021 $ 2,152,696 $ 1,717,175 $ 108,223 $ 0 $ 1,972,361 $ 200,000 $ (15,802) $ (547,607) $ 435,521
[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, 2021, and 2020, our other comprehensive loss consisted of a gain of $0.0 million and $0.2 million of pension and post-retirement benefit plan adjustments and $3.1 million and $22.3 million loss of our share of affiliates comprehensive loss from discontinued operations, respectively.
[3] During the nine months ended September 30, 2021 we repurchased and cancelled 2.0 million of treasury shares for a consideration of $24.5 million, inclusive of brokers commission of $0.04 million.