SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

SHAREHOLDERS' EQUITY

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

	Three months ended June 30,		Six months ended June 30,
	2021	2020	2021	2020
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	(91,827)	(92,282)	(92,227)	(92,621)
Shares repurchased	(8)	(3)	(197)	(153)
Shares reissued	22	11	611	500
Total treasury shares at end of period	(91,813)	(92,274)	(91,813)	(92,274)
Total shares outstanding	84,767	84,306	84,767	84,306

Treasury Shares

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

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
In the open market:
Total shares	—		—		—		—
Total cost	$	—	$	—	$	—	$	—
Average price per share(1)	$	—	$	—	$	—	$	—
From employees:(2)
Total shares	8		3		197		153
Total cost	$	439	$	110	$	9,819	$	8,602
Average price per share(1)	$	53.08	$	36.77	$	49.87	$	56.05
Total shares repurchased:
Total shares	8		3		197		153
Total cost	$	439	$	110	$	9,819	$	8,602
Average price per share(1)	$	53.08	$	36.77	$	49.87	$	56.05

(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 June 30, 2021
Common shares	$	0.42	$	—	$	0.42
Series E preferred shares	$	34.38	$	—	$	34.38
Three months ended June 30, 2020
Common shares	$	0.41	$	—	$	0.41
Series E preferred shares	$	34.38	$	—	$	34.38
Six months ended June 30, 2021
Common shares	$	0.84	$	0.42	$	0.42
Series E preferred shares	$	68.75	$	34.38	$	34.38
Six months ended June 30, 2020
Common shares	$	0.82	$	0.41	$	0.41
Series E preferred shares	$	68.75	$	34.38	$	34.38