Shareholders' Equity

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

Dividends – Generally, our dividend date-of-record is in the last month of the quarter, and the dividend is paid the following month. Any subsequent dividends will be reviewed by our Board of Directors and declared in its discretion.

Dividends declared per share were as follows:

	Year Ended December 31,
	2021		2020		2019
Dividends declared per share	$	0.80	$	0.80	$	0.76

Share Repurchase Program – In 2014, our Board of Directors approved a $500.0 million share repurchase authorization. Our share repurchase program does not have an expiration date, and we reserve the right to limit or terminate the repurchase program at any time without notice.

We repurchased 440,000 shares of our outstanding common stock for $17.5 million, 1,057,115 shares of our outstanding common stock for $32.1 million and 324,889 shares of our outstanding common stock for $15.0 million during the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021, we have $96.1 million of remaining capacity under our current share repurchase program.