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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, 2021 | shares   58,369,516      
Beginning 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
Repurchase of Convertible Notes due 2025 (1,966)        
Issuance of restricted stock, net of forfeitures (in shares) | shares   1,045,497      
Issuance of restricted stock, net of forfeitures $ (1) $ 10 (11)    
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    
Equity settled share based compensation expense 20,397   20,397    
Purchase of treasury shares (in shares) | shares   (3,909,873)      
Purchase of treasury shares (161,373)     (161,373)  
Dividends paid [1] (23,313)   (23,313)    
Ending balance (in shares) at Dec. 31, 2022 | shares   61,262,838      
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, net of forfeitures 0 $ 18 (18)    
Equity settled share based compensation expense 47,340   47,340    
Purchase of treasury shares (in shares) | shares   (9,960,323)      
Purchase of treasury shares (489,680)     $ (489,680)  
Dividends paid [1] (57,660)       (57,660)
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
Net income (loss) for the period 668,774       668,774
Issuance of restricted stock, net of forfeitures (in shares) | shares   1,468,466      
Issuance of restricted stock, net of forfeitures 0 $ 15 (15)    
Equity settled share based compensation expense 62,509   62,509    
Purchase of treasury shares (in shares) | shares   (4,653,189)      
Purchase of treasury shares (335,593)     $ (335,593)  
Dividends paid [1] (83,515)       (83,515)
Ending balance (in shares) at Dec. 31, 2024 | shares   49,923,042   26,042,709  
Ending balance at Dec. 31, 2024 $ 2,865,881 $ 760 $ 3,159,548 $ (1,466,818) $ 1,172,391
[1] The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.