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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative Effect, Period of Adoption, Adjustment | Common Stock | Paid-in Capital | Retained Earnings | Retained Earnings Cumulative Effect, Period of Adoption, Adjustment | Accumulated Other Comprehensive Income (Loss) | Treasury Stock
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2017 | $ 10,702,303 | $ (23,476) | $ 2,352 | $ 3,390,117 | $ 9,022,405 | $ (23,476) | $ (334,265) | $ (1,378,306)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Activity related to employee stock plans | 30,789 |  | 6 | 30,783 |  |  |  |
Common stock dividends | (546,689) |  |  |  | (546,689) |  |  |
Changes related to cash flow derivative hedges | (286,861) |  |  |  |  |  | (286,861) |
Change in defined benefit plans | 7,643 |  |  |  |  |  | 7,643 |
Foreign currency translation adjustments | (14,251) |  |  |  |  |  | (14,251) |
Purchases of treasury stock | (575,039) |  |  |  |  |  |  | (575,039)
Net (Loss) Income attributable to Royal Caribbean Cruises Ltd. | 1,811,042 |  |  |  | 1,811,042 |  |  |
Balance at Dec. 31, 2018 | 11,105,461 |  | 2,358 | 3,420,900 | 10,263,282 |  | (627,734) | (1,953,345)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Activity related to employee stock plans | 67,902 |  | 7 | 73,059 |  |  |  | (5,164)
Common stock dividends | (618,843) |  |  |  | (618,843) |  |  |
Changes related to cash flow derivative hedges | (151,313) |  |  |  |  |  | (151,313) |
Change in defined benefit plans | (19,535) |  |  |  |  |  | (19,535) |
Foreign currency translation adjustments | 869 |  |  |  |  |  | 869 |
Purchases of treasury stock | (99,582) |  |  |  |  |  |  | (99,582)
Net (Loss) Income attributable to Royal Caribbean Cruises Ltd. | 1,878,887 |  |  |  | 1,878,887 |  |  |
Balance at Dec. 31, 2019 | 12,163,846 |  | 2,365 | 3,493,959 | 11,523,326 |  | (797,713) | (2,058,091)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Activity related to employee stock plans | 29,759 |  | 9 | 29,750 |  |  |  |
Common stock issuance | 1,552,726 |  | 226 | 1,552,500 |  |  |  |
Common stock dividends | (163,089) |  |  |  | (163,089) |  |  |
Changes related to cash flow derivative hedges | 38,010 |  |  |  |  |  | 38,010 |
Change in defined benefit plans | (19,984) |  |  |  |  |  | (19,984) |
Foreign currency translation adjustments | 40,346 |  |  |  |  |  | 40,346 |
Purchases of treasury stock | 0 |  |  | 5,900 |  |  |  | (5,900)
Net (Loss) Income attributable to Royal Caribbean Cruises Ltd. | (5,797,462) |  |  |  | (5,797,462) |  |  |
Equity component of convertible notes, net of issuance costs | 307,640 |  |  | 307,640 |  |  |  |
Acquisition of Silversea non-controlling interest | 608,877 |  | 52 | 608,825 |  |  |  |
Balance at Dec. 31, 2020 | $ 8,760,669 |  | $ 2,652 | $ 5,998,574 | $ 5,562,775 |  | $ (739,341) | $ (2,063,991)

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- Definition Aggregate value of stock issued during the period as a result of our stock-based compensation plans, which provide for awards to our officers, directors and key employees, and the aggregate change in value for stock issued during the period as a result of employee stock purchase plan. + References No definition available. + Details
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