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Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands
USD ($)
shares
Share capital
USD ($)
shares
Additional paid-in capital
USD ($)
Treasury shares
USD ($)
shares
(Accumulated deficit) / retained earnings
USD ($)
Beginning balance (in shares) at Dec. 31, 2020 | shares   58,093,147      
Beginning balance at Dec. 31, 2020 $ 2,065,768 $ 656 $ 2,850,206 $ (480,172) $ (304,922)
Net income (loss) for the period (234,435)       (234,435)
Issuance of restricted stock, net of forfeitures (in shares) | shares   276,369      
Issuance of restricted stock 0 $ 3 (3)    
Equity settled share based compensation expense 22,931   22,931    
Dividends paid [1] (23,320)   (23,320)    
Equity component of issuance of Convertible Notes due 2025 7,502   7,502    
Write off of equity portion of Convertible Notes due 2022 (1,518)   (1,518)    
Ending balance (in shares) at Dec. 31, 2021 | shares   58,369,516      
Ending balance at Dec. 31, 2021 1,836,928 $ 659 2,855,798 (480,172) (539,357)
Net income (loss) for the period 637,251       637,251
Issuance of restricted stock, net of forfeitures (in shares) | shares   1,045,497      
Issuance of restricted stock (1) $ 10 (11)    
Equity settled share based compensation expense 20,397   20,397    
Dividends paid [1] (23,313)   (23,313)    
Purchase of treasury shares (in shares) | shares   (3,909,873)      
Purchase of treasury shares (161,373)     $ (161,373)  
Repurchase of Convertible Notes due 2025 $ (1,966)        
Conversion of Convertible Notes due 2025 to common shares (in shares) | shares 5,757,698        
Conversion of Convertible Notes due 2025 to common shares $ 198,885 $ 58 198,827    
Ending balance (in shares) at Dec. 31, 2022 | shares   61,262,838   11,429,197  
Ending balance at Dec. 31, 2022 2,506,808 $ 727 3,049,732 $ (641,545) 97,894
Net income (loss) for the period 546,898       546,898
Issuance of restricted stock, net of forfeitures (in shares) | shares   1,805,250      
Issuance of restricted stock 0 $ 18 (18)    
Equity settled share based compensation expense 47,340   47,340    
Dividends paid [1] (57,660)       (57,660)
Purchase of treasury shares (in shares) | shares   (9,960,323)      
Purchase of treasury shares (489,680)     $ (489,680)  
Ending balance (in shares) at Dec. 31, 2023 | shares   53,107,765   21,389,520  
Ending balance at Dec. 31, 2023 $ 2,553,706 $ 745 $ 3,097,054 $ (1,131,225) $ 587,132
[1] The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.