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Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Dividends | The table below presents the dividends paid during the Current Period and Prior Period:
|  | Base |  | Variable |  | Rate Per Share |  | Total
2023: |  |  |  |  |  |  |  |
First Quarter |  | $ | 0.55 |  |  | $ | 0.74 |  |  | $ | 1.29 |  |  | $ | 175 |
Second Quarter |  | $ | 0.55 |  |  | $ | 0.63 |  |  | $ | 1.18 |  |  | $ | 160 |
Third Quarter |  | $ | 0.575 |  |  | $ | — |  |  | $ | 0.575 |  |  | $ | 77 |
2022: |  |  |  |  |  |  |  |
First Quarter |  | $ | 0.4375 |  |  | $ | 1.33 |  |  | $ | 1.7675 |  |  | $ | 210 |
Second Quarter |  | $ | 0.50 |  |  | $ | 1.84 |  |  | $ | 2.34 |  |  | $ | 298 |
Third Quarter |  | $ | 0.55 |  |  | $ | 1.77 |  |  | $ | 2.32 |  |  | $ | 280 |
Schedule of Share Repurchase Program | The table below presents the shares purchased under our share repurchase program:
|  | Shares Purchased (thousands) |  | Dollar Value of Shares Purchased |  | Average Price Per Share
2022 |  |  |  |  |  |
First Quarter |  | 1,000 |  | $ | 83 |  |  | $ | 82.98 |
Second Quarter |  | 5,812 |  | $ | 515 |  |  | $ | 88.67 |
Third Quarter |  | 750 |  | $ | 69 |  |  | $ | 92.14 |
Fourth Quarter |  | 4,105 |  | $ | 406 |  |  | $ | 98.90 |
2023 |  |  |  |  |  |
First Quarter |  | 793 |  | $ | 60 |  |  | $ | 74.95 |
Second Quarter(a) |  | 1,444 |  | $ | 115 |  |  | $ | 78.77 |
Third Quarter(b) |  | 1,509 |  | $ | 130 |  |  | $ | 86.16 |
Total to date |  | 15,413 |  | $ | 1,378 |  |  |
_____________________________________ (a)On May 26, 2023, we entered into an accelerated share repurchase (“ASR”) agreement to repurchase $50 million of shares of our common stock. Under the terms of the ASR agreement, we received an initial delivery of 515,265 shares representing approximately 80% of the expected total to be repurchased. Upon final settlement of the ASR agreement on July 31, 2023, we received an additional 108,556 shares of common stock. (b)On September 15, 2023, we entered into an ASR agreement to repurchase $50 million of shares of our common stock. Under the terms of the ASR agreement, we received an initial delivery of 468,055 shares representing approximately 80% of the expected total to be repurchased. Upon final settlement of the ASR agreement on October 26, 2023, we received an additional 116,250 shares of common stock.
Schedule of Warrants | Warrants
| Class A Warrants |  | Class B Warrants |  | Class C Warrants(a)
Outstanding as of December 31, 2022 | 4,495,004 |  |  | 4,404,564 |  |  | 4,006,229 |
Converted into common stock(b) | (3,000) |  |  | (1,000) |  |  | (170) |
Outstanding as of March 31, 2023 | 4,492,004 |  |  | 4,403,564 |  |  | 4,006,059 |
Converted into common stock(b) | — |  |  | (500) |  |  | (467) |
Outstanding as of June 30, 2023 | 4,492,004 |  |  | 4,403,064 |  |  | 4,005,592 |
Converted into common stock(b) | — |  |  | — |  |  | (2,575) |
Outstanding as of September 30, 2023 | 4,492,004 |  |  | 4,403,064 |  |  | 4,003,017 |
_________________________________________ (a)As of September 30, 2023, we had 1,489,337 of reserved Class C Warrants. (b)During the Current Period, we issued 7,341 shares of common stock as a result of Warrant exercises.

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1 + Details
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