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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Common Stock [Member] | Treasury Shares [Member] | Additional Paid-in Capital [Member] | Contributed Surplus [Member] | Accumulated Other Comprehensive Loss [Member] | Retained Earnings (Accumulated Deficit) [Member] | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance (in shares) at Dec. 31, 2014 | 89,182,001 | 0 |  |  |  |  |
Balance at Dec. 31, 2014 | $ 892 |  | $ 114,291 | $ 787,732 | $ (838) | $ (13,166) | $ 888,911
Increase (decrease) in Shareholders' Equity [Roll Forward] |  |  |  |  |  |  |
Accumulated coverage of loss | 0 |  | 0 | (13,166) | 0 | 13,166 | 0
Net Income | 0 |  | 0 | 0 | 0 | 114,627 | 114,627
Other Comprehensive Loss | $ 0 |  | 0 | 0 | (134) | 0 | (134)
Share based compensation (in shares) | 0 | 0 |  |  |  |  |
Share based compensation | $ 0 |  | 388 | 0 | 0 | 0 | 388
Dividends Distributed |  |  |  | (8,444) |  | (114,627) | (123,071)
Balance (in shares) at Dec. 31, 2015 | 89,182,001 | 0 |  |  |  |  |
Balance at Dec. 31, 2015 | $ 892 |  | 114,679 | 766,122 | (972) | 0 | 880,721
Increase (decrease) in Shareholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net Income | $ 0 |  | 0 | 0 | 0 | (4,456) | (4,456)
Common Shares Distributed - Equity Incentive Plan (in shares) | 137,665 | 0 |  |  |  |  |
Common Shares Distributed - Equity Incentive Plan | $ 1 |  | 0 | 0 | 0 | 0 | 1
Common Shares Issued, net of issuance costs (in shares) | 12,650,000 | 0 |  |  |  |  |
Common Shares Issued, net of issuance costs | $ 127 |  | 119,942 | 0 | 0 | 0 | 120,069
Other Comprehensive Loss | $ 0 |  | 0 | 0 | (65) | 0 | (65)
Share based compensation (in shares) | 0 | 0 |  |  |  |  |
Share based compensation | $ 0 |  | 429 | 0 | 0 | 0 | 429
Forfeited shares - 2011 Equity Incentive Plan (in shares) |  | 13,500 |  |  |  |  |
Dividends Distributed | $ 0 |  | 0 | (125,650) | 0 | 0 | (125,650)
Balance (in shares) at Dec. 31, 2016 | 101,969,666 | 13,500 |  |  |  |  |
Balance at Dec. 31, 2016 | $ 1,020 |  | 235,050 | 640,472 | (1,037) | (4,456) | 871,049
Increase (decrease) in Shareholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net Income | 0 |  | 0 | 0 | 0 | (204,969) | (204,969)
Reduction of share premium | $ 0 |  | (215,481) | 215,481 | 0 | 0 | $ 0
Common Shares Issued, net of issuance costs (in shares) | 40,000,000 | 0 |  |  |  |  | 0
Common Shares Issued, net of issuance costs | $ 400 |  | 103,348 | 0 | 0 | 0 | $ 103,748
Other Comprehensive Loss | $ 0 |  | 0 | 0 | (150) | 0 | (150)
Share based compensation (in shares) | 0 | (4,500) |  |  |  |  |
Share based compensation | $ 0 |  | 522 | 0 | 0 | 0 | 522
Forfeited shares - 2011 Equity Incentive Plan (in shares) |  | 13,000 |  |  |  |  |
Dividends Distributed | $ 0 |  | 0 | (59,136) | 0 | 0 | (59,136)
Balance (in shares) at Dec. 31, 2017 | 141,969,666 | 22,000 |  |  |  |  |
Balance at Dec. 31, 2017 | $ 1,420 |  | $ 123,439 | $ 796,817 | $ (1,187) | $ (209,425) | $ 711,064

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