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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, 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 Loss 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 cost (in shares) 40,000,000 0          
Common Shares Issued, net of issuance cost $ 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 (in shares) (ASC 606 [Member]) 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
Balance (ASC 606 [Member]) at Dec. 31, 2017 1,420   123,439 796,817 (1,187) (213,497) 706,992
Increase (decrease) in Shareholders' Equity [Roll Forward]              
Effect of change in accounting policy | ASC 606 [Member] 0   0   0 (4,072) (4,072)
Net Loss 0   0 0 0 (95,306) (95,306)
Other Comprehensive Loss $ 0   0 0 (132) 0 (132)
Share based compensation (in shares) 0 0          
Share based compensation $ 0   413 0 0 0 413
Dividends Distributed $ 0   0 (9,936) 0 0 (9,936)
Balance (in shares) at Dec. 31, 2018 141,969,666 22,000          
Balance at Dec. 31, 2018 $ 1,420   123,852 786,881 (1,319) (308,803) 602,031
Increase (decrease) in Shareholders' Equity [Roll Forward]              
Net Loss 0   0 0 0 (10,352) (10,352)
Coverage of Accumulated Deficit 0   0 (308,803) 0 308,803 0
Reduction of share premium $ 0   (103,379) 103,379 0 0 0
Common Shares Issued, net of issuance cost (in shares) 5,260,968 0          
Common Shares Issued, net of issuance cost $ 52   17,870 0 0 0 17,922
Other Comprehensive Loss $ 0   0 0 (78) 0 (78)
Share based compensation (in shares) 0 0          
Share based compensation $ 0   156 0 0 0 (156)
Forfeited shares - 2011 Equity Incentive Plan (in shares)   20,000          
Dividends Distributed $ 0   0 (14,255) 0 0 (14,255)
Balance (in shares) at Dec. 31, 2019 147,230,634 42,000          
Balance at Dec. 31, 2019 $ 1,472   $ 38,499 $ 567,202 $ (1,396) $ (10,352) $ 595,424