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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Share Capital
Treasury Shares
Additional Paid-in Capital
Contributed Surplus
Accumulated Other Comprehensive (Loss)/Income
 [1]
Retained (Losses)/Earnings
Non-controlling Interests
Balance at beginning of the period at Dec. 31, 2018 $ 1,825,791 $ 101,303 $ (20,483) $ 1,857,196 $ 200,000 $ (28,512) $ (364,379) $ 80,666
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income (122,375)           (211,956) 89,581
Dividends             (28,810)  
Dividends (51,749)             (22,939)
Employee stock compensation 9,371     9,371        
Forfeiture of employee stock compensation (489)     (489)        
Proceeds from subscription of equity interest in Gimi MS Corporation 115,246     9,989       105,257
Realized accumulated comprehensive losses on disposal of equity method investment 0              
Treasury shares (18,615)   (18,615)          
Other comprehensive loss (6,354)         (6,354)    
Balance at end of the period at Dec. 31, 2019 1,750,826 101,303 (39,098) 1,876,067 200,000 (34,866) (605,145) 252,565
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income (167,930)           (273,557) 105,627
Dividends (26,340)             (26,340)
Employee stock compensation 5,671     5,671        
Forfeiture of employee stock compensation (250)     (250)        
Restricted stock units 0 73   (73)        
Proceeds from subscription of equity interest in Gimi MS Corporation 11,081             11,081
Repurchase and cancellation of treasury shares (16,650) (3,500) 39,098       (52,248)  
Realized accumulated comprehensive losses on disposal of equity method investment 0              
Net proceeds from the issuance of equity 100,255 12,068   88,187        
Deconsolidation of lessor VIE (4,809)             (4,809)
Other comprehensive loss (21,207)         (21,207)    
Balance at end of the period at Dec. 31, 2020 1,630,647 109,944 0 1,969,602 200,000 (56,073) (930,950) 338,124
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income 560,615           413,851 146,764
Dividends (37,136)             (37,136)
Employee stock compensation 4,330     4,330        
Forfeiture of employee stock compensation (809)     (809)        
Restricted stock units 0 264   (264)        
Proceeds from subscription of equity interest in Gimi MS Corporation 25,403             25,403
Repurchase and cancellation of treasury shares (24,484) (1,985)         (22,499)  
Realized accumulated comprehensive losses on disposal of equity method investment 43,380         43,380    
Deconsolidation of lessor VIE (25,888)             (25,888)
Other comprehensive loss 45,239              
Other comprehensive loss 1,859         1,859    
Balance at end of the period at Dec. 31, 2021 $ 2,177,917 $ 108,223 $ 0 $ 1,972,859 $ 200,000 $ (10,834) $ (539,598) $ 447,267
[1] As at December 31, 2021, 2020 and 2019, our accumulated other comprehensive loss consisted of $5.0 million gain, $3.5 million loss and $3.1 million loss in relation to our pension and post retirement benefit plan and $3.1 million, $17.7 million and $3.3 million share of equity method investment's comprehensive loss from discontinued operations, respectively.