Equity

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Equity

Equity

Total dividend payments of $0.10 per share were paid to common stockholders for each of the three months ended March 31, 2023 and 2022. In addition, dividend equivalent payments of $0.6 million and $0.7 million were paid to or accrued for holders of restricted stock units for the three months ended March 31, 2023 and 2022, respectively.

During the three months ended March 31, 2023, the Company repurchased 69,112 common shares through open market transactions at an average price of $11.88, for a total cost of $0.8 million. Additionally, during the three months ended March 31, 2023, 1,109,308 restricted stock units vested and were settled in shares of common stock of which the Company is deemed to have repurchased 508,237 shares at an average price of $13.85 per share for a total cost of $7.0 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 three months ended March 31, 2022, the Company repurchased 481,674 common shares through open market transactions at an average price of $18.57, for a total cost of $8.9 million. Additionally, during the three months ended March 31, 2022, 1,274,458 restricted stock units vested and were settled in shares of common stock, of which the Company is deemed to have repurchased 581,011 shares at an average price of $18.74 per share for a total cost of $10.9 million in

conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units.