SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2023

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,
	2023	2022	2023	2022
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	(91,397)	(91,304)	(91,912)	(91,806)
Shares repurchased	(20)	(640)	(282)	(885)
Shares reissued	53	19	830	766
Total treasury shares at end of period	(91,364)	(91,925)	(91,364)	(91,925)
Total shares outstanding	85,216	84,655	85,216	84,655

Treasury Shares

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

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
In the open market:
Total shares	—		634		—		634
Total cost	$	—	$	34,987	$	—	$	34,987
Average price per share(1)	$	—	$	55.22	$	—	$	55.22
From employees:(2)
Total shares	20		6		282		251
Total cost	$	1,106	$	369	$	17,051	$	13,346
Average price per share(1)	$	53.95	$	60.02	$	60.32	$	53.10
Total shares repurchased:
Total shares	20		640		282		885
Total cost	$	1,106	$	35,356	$	17,051	$	48,333
Average price per share(1)	$	53.95	$	55.27	$	60.32	$	54.62

(1) Calculated using whole numbers.

(2)  Shares are repurchased from employees to facilitate the satisfaction of their personal withholding tax liabilities that arise on 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, 2023
Common shares	$	0.44	$	—	$	0.44
Series E preferred shares	$	34.38	$	—	$	34.38
Three months ended June 30, 2022
Common shares	$	0.43	$	—	$	0.43
Series E preferred shares	$	34.38	$	—	$	34.38
Six months ended June 30, 2023
Common shares	$	0.88	$	0.44	$	0.44
Series E preferred shares	$	68.75	$	34.38	$	34.38
Six months ended June 30, 2022
Common shares	$	0.86	$	0.43	$	0.43
Series E preferred shares	$	68.75	$	34.38	$	34.38