Equity

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Equity

11. Equity

Elite Acquisition

In August 2019, we completed the Elite Acquisition. A portion of the acquisition’s purchase price was funded through the issuance of 21.7 million shares of common stock with an acquisition date fair value of $225.9 million, which was recorded to common stock and additional paid-in capital in our condensed consolidated statements of equity. See Note 3 (“Business Transactions”) for further details of this acquisition.

Cash Dividends

The following table summarizes our dividends declared and paid in each of the quarterly periods of 2020 and 2019:

	Declared Dividends		Dividends Paid
	per Common Share		(in thousands)
2020
Q1	$	0.145	$	22,171
Q2		0.145		22,176
Q3		0.145		22,308
2019
Q1	$	0.132	$	17,231
Q2		0.132		17,206
Q3		0.145		22,062
Q4		0.145		22,031

On October 30, 2020, our Board of Directors declared a quarterly dividend of $0.145 per share of common stock to be paid on November 18, 2020 to stockholders of record at the close of business on November 12, 2020.