Equity

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Equity

Equity

Total dividend payments of $0.20 per share were paid to common stockholders for each of the six months ended June 30, 2023 and 2022. In addition, dividend equivalent payments of $1.1 million and $1.5 million were accrued for holders of restricted stock units for the six months ended June 30, 2023 and 2022, respectively.

During the six months ended June 30, 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 six months ended June 30, 2023, 1,992,218 restricted stock units vested and were settled in shares of common stock of which the Company is deemed to have repurchased 909,722 shares at an average price of $10.81 per share for a total cost of $9.8 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, 2022, the Company repurchased 1,130,208 common shares through open market transactions at an average price of $14.84, for a total cost of $16.8 million. Additionally, during the six months ended June 30, 2022, 1,716,969 restricted stock units vested and were settled in shares of common stock, of which the Company is deemed to have repurchased 783,403 shares at an average price of $17.14 per share for a total cost of $13.4 million in conjunction with the payment of tax liabilities in respect of stock delivered to its employees in settlement of restricted stock units.