SHAREHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

SHAREHOLDERS' EQUITY

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

	Three months ended September 30,		Nine months ended September 30,
	2020	2019	2020	2019
Shares issued, balance at beginning of period	176,580	176,580	176,580	176,580
Shares issued	—	—	—	—
Total shares issued at end of period	176,580	176,580	176,580	176,580
Treasury shares, balance at beginning of period	(92,274)	(92,633)	(92,621)	(92,994)
Shares repurchased	(2)	(1)	(155)	(165)
Shares reissued	5	1	505	526
Total treasury shares at end of period	(92,271)	(92,633)	(92,271)	(92,633)
Total shares outstanding	84,309	83,947	84,309	83,947

Treasury Shares

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

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
In the open market:
Total shares	—		—		—		—
Total cost	$	—	$	—	$	—	$	—
Average price per share(1)	$	—	$	—	$	—	$	—
From employees:(2)
Total shares	2		1		155		165
Total cost	$	84	$	31	$	8,685	$	9,445
Average price per share(1)	$	46.85	$	61.23	$	55.94	$	57.23
Total shares repurchased:
Total shares	2		1		155		165
Total cost	$	84	$	31	$	8,685	$	9,445
Average price per share(1)	$	46.85	$	61.23	$	55.94	$	57.23

(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 September 30, 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 September 30, 2020
Common shares	$	0.41	$	—	$	0.41
Series E preferred shares	$	34.38	$	—	$	34.38
Nine months ended September 30, 2019
Common shares	$	1.20	$	0.80	$	0.40
Series D preferred shares	$	1.03	$	0.69	$	0.34
Series E preferred shares	$	103.13	$	68.75	$	34.38
Nine months ended September 30, 2020
Common shares	$	1.23	$	0.82	$	0.41
Series E preferred shares	$	103.13	$	68.75	$	34.38