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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-controlling interest
Balance at beginning of period (shares) at Dec. 31, 2016   90,586,741        
Balance at beginning of period at Dec. 31, 2016 $ 610,556 $ 906 $ 653,629 $ 45,654 $ (89,633) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (shares)   652,636        
Issuance of common stock 187 $ 6 181      
Repurchase of shares for withholding taxes (shares)   (115,618)        
Repurchase of shares for withholding taxes (1) $ (1) 0      
Share-based compensation expense 5,417   5,417      
Net income (loss) 61,588     61,588    
Net loss 61,588          
Net loss attributable to non-controlling interest 0          
Dividends [1] (33,023)     (33,023)    
Other comprehensive income(Note 15) 11,223       11,223  
Balance at end of period (shares) at Dec. 31, 2017   91,123,759        
Balance at end of period at Dec. 31, 2017 655,947 $ 911 659,227 74,219 (78,410) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (shares)   361,402        
Issuance of common stock 315 $ 3 312      
Repurchase of shares for withholding taxes (shares)   (46,393)        
Repurchase of shares for withholding taxes 0 $ 0 0      
Share-based compensation expense 4,867   4,867      
Net income (loss) (327,358)          
Reclassification of stranded tax effects related to the Tax Act [2]       16,847 (16,847)  
Net loss (326,900)     (326,900)    
Fair value of non-controlling interest acquired 11,752         11,752
Net loss attributable to non-controlling interest (458)         (458)
Issuance of subsidiary's common stock 444   (34)     478
Dividends [1] (27,885)   (2,742) (25,143)    
Other comprehensive income(Note 15) $ (3,350)       (3,350)  
Balance at end of period (shares) at Dec. 31, 2018 91,438,768 91,438,768        
Balance at end of period at Dec. 31, 2018 $ 314,732 $ 914 661,630 (260,977) (98,607) 11,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (shares)   623,207        
Issuance of common stock 587 $ 6 581      
Repurchase of shares for withholding taxes (shares)   (121,960)        
Repurchase of shares for withholding taxes (425) $ (1) (424)      
Share-based compensation expense 2,062   2,062      
Net income (loss) (500,804)          
Net loss (499,942)     (499,942)    
Net loss attributable to non-controlling interest (862)         (862)
Issuance of subsidiary's common stock (28)         (28)
Dividends forfeited [1],[3] 192     192    
Other comprehensive income(Note 15) $ 13,444       13,444  
Balance at end of period (shares) at Dec. 31, 2019 91,940,015 91,940,015        
Balance at end of period at Dec. 31, 2019 $ (170,240) $ 919 $ 663,849 $ (760,727) $ (85,163) $ 10,882
[1]
Cash dividends declared per common share were $0.30 and $0.36 in the years ended December 31, 2018 and 2017, respectively. In February 2019, our Board of Directors reviewed the Company's dividend policy and determined that it would be in the best interest of the stockholders to suspend dividend payments. Thus, no dividends were declared in the year ended December 31, 2019.
[2]
Refer to Note 1 - Recently Adopted Accounting Pronouncements within our Notes to Consolidated Financial Statements for additional details on the adoption of ASU No. 2018-02 during the first quarter of 2018.
[3]
During the year ended December 31, 2019, participants forfeited accrued dividends related to previously-granted restricted share units ("RSUs") and performance share units ("PSUs"), causing a reduction to our accumulated deficit position. Under our long-term incentive compensation program, cash dividend equivalent units for RSUs and PSUs are accrued over time as our Board of Directors declares cash dividends and vest in cash at the same time as the underlying award.