Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Equity

Equity

On June 17, 2020, a dividend of $0.05 per share was paid to stockholders of record on June 3, 2020. For both the six months ended June 30, 2020 and 2019, total dividend payments of $0.10 per share were paid to stockholders. Dividend equivalent payments of $0.7 million and $0.6 million were paid to or accrued for holders of restricted stock units for the six months ended June 30, 2020 and 2019, respectively.

During the six months ended June 30, 2020, the Company repurchased 489,704 common shares through open market transactions at an average price of $17.18, for a total cost of $8.4 million. Additionally, during the six months ended June 30, 2020, 1,706,917 restricted stock units vested and were settled in shares of common stock of which the Company is deemed to have repurchased 703,464 shares at an average price of $20.20 per share for a total cost of $14.2 million in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units.

During the six months ended June 30, 2019, the Company repurchased 737,190 common shares through open market transactions at an average price of $22.60, for a total cost of $16.7 million. Additionally, during the six months ended June 30, 2019, 1,275,051 restricted stock units vested and were settled in shares of common stock, of which the Company is deemed to have repurchased 519,017 shares at an average price of $25.27 per share for a total cost of $13.1 million in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units.