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Capital Stock and Equity Awards (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Dividends
The Company declared the following dividends on common shares during the first three months of 2024 and 2023:
Date of Declaration Dividend per Common SharePayable to Shareholders of Record onPayment DateTotal Amount
2024
February 15, 2024$0.05 March 11, 2024March 29, 2024$1,940,410 
2023
February 16, 2023$0.05 March 13, 2023March 31, 2023$1,921,802 
Schedule of Option Activity
The following table summarizes option activity:
 Three Months Ended March 31,
 20242023
 SharesWeighted-
Average
Exercise
Price
SharesWeighted-
Average
Exercise
Price
Outstanding:    
Beginning of period74,390 $42.17 287,974 $35.26 
Granted— $— — $— 
Exercised— $— — $— 
Forfeited— $— (45,106)$34.92 
Lapsed(74,390)$42.17 (164,548)$32.07 
End of period— $— 78,320 $42.17 
Exercisable, end of period— $— 78,320 $42.17 
Schedule of RSU Activity
The following table summarizes RSU activity:
Three Months Ended March 31,
20242023
 SharesWeighted-
Average
Grant Date
Fair Value
SharesWeighted-
Average
Grant Date
Fair Value
  
Unvested, beginning of period751,254 $23.48 665,458 $25.98 
Granted498,698 $9.80 363,484 $24.83 
Vested(264,088)$25.18 (212,128)$28.93 
Forfeited— $— (4,293)$22.49 
Unvested, end of period985,864 $16.11 812,521 $24.71 
Schedule of Share Based Compensation Expense and Related Tax Benefit
Share based compensation expense is recognized on a straight-line basis over the vesting period. The amount of expense and related tax benefit is summarized below:
 Three Months Ended
March 31,
 20242023
 (in thousands)
Share based compensation expense$2,675 $2,692 
U.S. tax benefit on share based compensation expense498 516