Equity

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Equity

Note 10 — Equity

Dividends declared and paid on outstanding common share were $0.20 for each of the years ended December 31, 2021, 2020 and 2019, respectively. In addition, dividend equivalent payments of $1.4 million, $1.1 million and $1.3 million were paid to or accrued for holders of restricted stock units for the years ended December 31, 2021, 2020 and 2019, respectively. See “Note 13 — Deferred Compensation — Restricted Stock Units”.

During 2021, 1,891,362 restricted stock units vested and were settled in shares of common stock, of which the Company is deemed to have repurchased 814,020 shares at an average price of $15.16 per share in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units. In addition, the Company repurchased 2,041,179 shares of common stock through open market transactions at an average price of $16.06 per share.

During 2020, 1,863,885 restricted stock units vested and were settled in shares of common stock, of which the Company is deemed to have repurchased 764,529 shares at an average price of $19.42 per share in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units. In addition, the Company repurchased 489,704 shares of common stock through open market transactions at an average price of $17.18 per share.