Shareholders' Deficit

12 Months Ended

Dec. 31, 2019

Stockholders Equity Note [Abstract]

Shareholders' Deficit

10. Shareholders’ Deficit

The following reflects the activity in the shares of our common stock for the years ended December 31:

Common Shares (in thousands)	2019		2018		2017
Beginning balance		33,090		32,733		32,473
Issuance of equity awards, net		625		357		260
Ending balance		33,715		33,090		32,733

The Company issued to the IBT one share of Series A Voting Preferred Stock that entitles the holder to elect two directors to the Company’s Board of Directors.

Our Term Loan agreement in place as of December 31, 2019, restricts the ability of YRC Worldwide to declare dividends on its outstanding capital stock.