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Equity and dividends | 12 Months Ended
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Dec. 31, 2020
Equity and dividends |
Equity and dividends | 23. Equity and dividends Share capital Common stock Unlimited number of common shares, without par value. Preferred stock Unlimited number of senior preferred shares, without par value, issuable in series. Unlimited number of junior preferred shares, without par value, issuable in series. All issued shares are fully paid. No preferred shares have been issued. Shares issued for business combination In connection with the acquisition of Rouse, the Company issued 312,193 common shares on December 8, 2020. These shares were issued to certain previous unitholders and employees of Rouse, and their vesting is subject to continuing employment with the Company over a three year period from the acquisition date. The fair value of these common shares was $71.09 based on the fair market value of the Company’s common shares on the date of acquisition. As at December 31, 2020, the unrecognized share-based continuing employment costs were $19,933,000, which is expected to be recognized over a weighted average period of 2 years. As at December 31, 2020, the number of common shares which had not yet vested was 312,193. Subsequent to December 31, 2020, 55,510 shares were forfeited and as such the revised unrecognized share-based continuing employment costs was $17,225,000. Share repurchase There were 1,525,312 common shares repurchased for $53,170,000 during the year ended December 31, 2020. There were 1,223,674 common shares repurchased for $42,012,000 in the year ended December 2019 and no common shares repurchased in the year ended 2018. 23. Equity and dividends (continued) Dividends Declared and paid The Company declared and paid the following dividends during the years ended December 31, 2020, 2019, and 2018: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Dividend |  | ​ |  | Total |  | ​
​ | ​ | Declaration date | ​ | per share | ​ | Record date | ​ | dividends | ​ | Payment date
Year ended December 31, 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fourth quarter 2019 | ​ | January 24, 2020 | ​ | $ | 0.2000 | ​ | February 14, 2020 | ​ | $ | 21,905 | ​ | March 6, 2020
First quarter 2020 | ​ | May 6, 2020 | ​ |  | 0.2000 | ​ | May 27, 2020 | ​ |  | 21,681 | ​ | June 17, 2020
Second quarter 2020 | ​ | August 5, 2020 | ​ |  | 0.2200 | ​ | August 26, 2020 | ​ |  | 24,053 | ​ | September 16, 2020
Third quarter 2020 | ​ | November 4, 2020 | ​ |  | 0.2200 | ​ | November 25, 2020 | ​ |  | 24,098 | ​ | December 16, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31, 2019: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |
Fourth quarter 2018 | ​ | January 25, 2019 | ​ | $ | 0.1800 | ​ | February 15, 2019 | ​ | $ | 19,568 | ​ | March 8, 2019
First quarter of 2019 | ​ | May 8, 2019 | ​ |  | 0.1800 | ​ | May 29, 2019 | ​ |  | 19,592 | ​ | June 19, 2019
Second quarter of 2019 | ​ | August 8, 2019 | ​ |  | 0.2000 | ​ | August 28, 2019 | ​ |  | 21,631 | ​ | September 18, 2019
Third quarter 2019 | ​ | November 7, 2019 | ​ |  | 0.2000 | ​ | November 27, 2019 | ​ |  | 21,744 | ​ | December 18, 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31, 2018: | ​ |  | ​ |  |  | ​ |  | ​ |  |  | ​ |
Fourth quarter 2017 | ​ | January 26, 2018 | ​ | $ | 0.1700 | ​ | February 16, 2018 | ​ | $ | 18,246 | ​ | March 9, 2018
First quarter of 2018 | ​ | May 9, 2018 | ​ |  | 0.1700 | ​ | May 30, 2018 | ​ |  | 18,342 | ​ | June 20, 2018
Second quarter of 2018 | ​ | August 7, 2018 | ​ |  | 0.1800 | ​ | August 29, 2018 | ​ |  | 19,528 | ​ | September 19, 2018
Third quarter 2018 | ​ | November 8, 2018 | ​ |  | 0.1800 | ​ | November 28, 2018 | ​ |  | 19,562 | ​ | December 19, 2018
​ Declared and undistributed In addition to the above dividends, since the end of the year the Directors have recommended the payment of a final dividend of $0.22 cents per common share, accumulating to a total dividend of $24,180,000. The aggregate amount of the proposed final dividend is expected to be paid out of retained earnings on March 5, 2021 to stockholders of record on February 12, 2021. This dividend has not been recognized as a liability in the financial statements. The payment of this dividend will not have a tax consequence for the Company. ​ Foreign currency translation reserve Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature, which generated net gain of $10,826,000 for 2020 (2019: net loss of $1,082,000; 2018: net loss of $9,602,000).

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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