SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

COMMON SHARES ISSUED AND OUTSTANDING

The following table presents changes in common shares issued and outstanding:

	Three months ended March 31,
	2020	2019
Shares issued, balance at beginning of period	176,580	176,580
Shares issued	—	—
Total shares issued at end of period	176,580	176,580
Treasury shares, balance at beginning of period	(92,621)	(92,994)
Shares repurchased	(150)	(157)
Shares reissued	489	505
Total treasury shares at end of period	(92,282)	(92,646)
Total shares outstanding	84,298	83,934

SHARE REPURCHASES

The following table presents common share repurchased from shares held in Treasury:

	Three months ended March 31,
	2020		2019
In the open market:
Total shares	—		—
Total cost	$	—	$	—
Average price per share(1)	$	—	$	—
From employees:(2)
Total shares	150		157
Total cost	$	8,492	$	9,003
Average price per share(1)	$	56.43	$	57.17
Total shares repurchased:
Total shares	150		157
Total cost	$	8,492	$	9,003
Average price per share(1)	$	56.43	$	57.17

(1) Calculated using whole numbers.

(2)  Shares are repurchased from employees to satisfy withholding tax liabilities related to the vesting of share-settled restricted stock units.

DIVIDENDS

The following table presents dividends declared and paid related to the Company's common and preferred shares:

	Per share data
	Dividends declared		Dividends paid in period of declaration		Dividends paid in period following declaration
Three months ended March 31, 2019
Common shares	$	0.40	$	—	$	0.40
Series D preferred shares	$	0.34	$	—	$	0.34
Series E preferred shares	$	34.38	$	—	$	34.38
Three months ended March 31, 2020
Common shares	$	0.41	$	—	$	0.41
Series D preferred shares(1)	$	—	$	—	$	—
Series E preferred shares	$	34.38	$	—	$	34.38

(1) On January 17, 2020, the Company redeemed all 9,000,000 Series D preferred shares, for an aggregate liquidation preference of $225 million. The final dividend on the Series D preferred shares was declared in 2019.