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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Previously reported
Share Capital
Share Capital
Previously reported
Treasury Shares
Treasury Shares
Previously reported
Additional Paid-in Capital
Additional Paid-in Capital
Previously reported
Contributed Surplus
Contributed Surplus
Previously reported
Accumulated Other Comprehensive Loss
[1]
Accumulated Other Comprehensive Loss
Previously reported
[1]
Retained (Losses)/Earnings
Retained (Losses)/Earnings
Previously reported
Non-controlling Interests
Non-controlling Interests
Previously reported
Balance at beginning 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 investment in affiliate 0                              
Net proceeds from issuance of shares 100,255   12,068       88,187                  
Deconsolidation of lessor VIEs (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 investment in affiliate 43,380                   43,380          
Deconsolidation of lessor VIEs (25,888)                           (25,888)  
Other comprehensive loss 45,239                              
Other comprehensive income 1,859                   1,859          
Balance at end of the period at Dec. 31, 2021 2,177,917 $ 2,177,917   $ 108,223   $ 0   $ 1,972,859   $ 200,000   $ (10,834)   $ (539,598)   $ 447,267
Increase (Decrease) in Stockholders' Equity                                
Net (loss)/income 939,057                       787,773   151,284  
Dividends (55,169)                           (55,169)  
Exercise of share options 161   6       155                  
Employee stock compensation 3,937           3,937                  
Forfeiture of employee stock compensation (157)           (157)                  
Restricted stock units 0   187       (187)                  
Proceeds from subscription of equity interest in Gimi MS Corporation 39,275                           39,275  
Repurchase and cancellation of treasury shares (25,477)   (1,190)                   (24,287)      
Realized accumulated comprehensive losses on disposal of investment in affiliate 0                              
Deconsolidation of lessor VIEs (182,707)                           (182,707)  
Other comprehensive loss 5,023                   5,023          
Balance at end of the period at Dec. 31, 2022 $ 2,900,174   $ 107,226   $ 0   $ 1,936,746   $ 200,000   $ (5,811)   $ 262,063   $ 399,950  
[1] As of December 31, 2022, 2021 and 2020, our accumulated other comprehensive income/(loss) consisted of (i) $5.7 million gain, $5.0 million gain and $3.5 million loss in relation to our pension and post retirement benefit plan, (ii) $0.8 million, $nil and $nil share of equity method investment’s comprehensive losses from continuing operations, and (iii) $nil, $3.1 million and $17.7 million share of equity method investment’s comprehensive loss from discontinued operations, respectively.