XML 14 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Share capital
Additional paid-in capital
Treasury shares
Accumulated deficit
Beginning balance at Dec. 31, 2018 $ 1,839,012 $ 5,776 $ 2,648,599 $ (467,056) $ (348,307)
Beginning balance (in shares) at Dec. 31, 2018   51,397,562      
Adoption of accounting standards(3) [1] (2,250)       (2,250)
Net income / (loss) (15,244)        
Shares related to reverse stock split [2]   (62)      
Stock Issued During Period, Shares, Reverse Stock Splits, Value [2]   $ (5,198)      
Increase (Decrease) Reverse stock split [2] (2)   5,196    
Issuance of restricted stock, net of forfeitures (in shares)   220,250      
Issuance of restricted stock, net of forfeitures 0 $ 2 (2)    
Number of other equity instruments forfeited in share-based payment arrangement   (2,530)      
Issuance of restricted stock 13,860   13,860    
Dividends paid [3] (10,279)   (10,279)    
Purchase of treasury shares       0  
Equity issuance costs (1)   (1)    
Ending balance at Jun. 30, 2019 1,825,098 $ 580 2,657,375 (467,056) (365,801)
Ending balance (in shares) at Jun. 30, 2019   51,615,220      
Share issue related cost 1   1    
Dividends recognised as distributions to owners [3] 10,279   10,279    
Number of other equity instruments forfeited in share-based payment arrangement   (2,530)      
Issuance of restricted stock 13,860   13,860    
Number of shares issued   220,250      
Issuance of restricted stock, net of forfeitures 0 $ 2 (2)    
Beginning balance at Dec. 31, 2019 1,976,989 $ 646 2,842,446 (467,057) (399,046)
Beginning balance (in shares) at Dec. 31, 2019   58,202,400      
Net income / (loss) 190,568       190,568
Issuance of restricted stock, net of forfeitures (in shares)   469,280      
Issuance of restricted stock, net of forfeitures 0 $ 5 (5)    
Number of other equity instruments forfeited in share-based payment arrangement   0      
Issuance of restricted stock 15,355   15,355    
Dividends paid [3] (11,739)   (11,739)    
Increase (Decrease) Through Net Proceeds From Follow On Offerings, Equity $ (2,575) $ 1 (2,574)    
Increase Decrease Through Net Proceeds From Follow On Offerings Shares Equity 137,067 137,067      
Entity's shares acquired (in shares) 0        
Equity issuance costs $ (8)   (8)    
Ending balance at Jun. 30, 2020 2,173,740 $ 652 2,848,623 $ (467,057) $ (208,478)
Ending balance (in shares) at Jun. 30, 2020   58,808,747      
Share issue related cost 8   8    
Dividends recognised as distributions to owners [3] 11,739   11,739    
Number of other equity instruments forfeited in share-based payment arrangement   0      
Issuance of restricted stock 15,355   15,355    
Number of shares issued   469,280      
Issuance of restricted stock, net of forfeitures $ 0 $ 5 (5)    
Increase Decrease Through Net Proceeds From Follow On Offerings Shares Equity 137,067 137,067      
Increase (Decrease) Through Net Proceeds From Follow On Offerings, Equity $ (2,575) $ 1 $ (2,574)    
[1] Reflects the impact of the adoption of IFRS 16 - Leases, which was effective for annual periods beginning on January 1, 2019. Refer to Note 1 for further discussion.
[2] On January 18, 2019, the Company effected a one-for-ten reverse stock split. The Company's shareholders approved the reverse stock split and change in authorized common shares at the Company's special meeting of shareholders held on January 15, 2019. Pursuant to this reverse stock split, the total number of authorized common shares was reduced to 150.0 million shares.
[3] The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.