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Equity and dividends | 9 Months Ended
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Sep. 30, 2021
Equity and dividends |
Equity and dividends | 18. 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. During the first nine months of 2021, 55,510 common shares were forfeited. At September 30, 2021, the unrecognized share-based continuing employment costs were $9,191,000 (September 30, 2020: $nil), which is expected to be recognized over a weighted average period of 1.5 years. As at September 30, 2021, the number of common shares which had not yet vested was 256,683. 18. Equity and dividends (continued) Share repurchase ​ There were no common shares repurchased during the three months ended September 30, 2021 (three months ended September 30, 2020: nil) and during the nine months ended September 30, 2021 (nine months ended September 30, 2020: 1,525,312 common shares repurchased for $53,170,000). ​ Change in non-controlling interest ​ On September 13, 2021, the Company purchased the remaining 25% membership interest in of Xcira, LLC, a Delaware limited liability Company, for a purchase price of $5,555,555. The transaction increased the Company’s ownership interest in Xcira, LLC to 100%. ​ Dividends ​ Declared and paid The Company declared and paid the following dividends during the nine months ended September 30, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Dividend |  | ​ |  | Total |  | ​
​ | ​ | Declaration date | ​ | per share | ​ | Record date | ​ | dividends | ​ | Payment date
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2021: |  |  |  | ​ |  |  |  |  | ​ |  |  |
Fourth quarter 2020 | ​ | January 22, 2021 | ​ | $ | 0.2200 | ​ | February 12, 2021 | ​ | $ | 24,181 | ​ | March 5, 2021
First quarter 2021 | ​ | May 7, 2021 | ​ | ​ | 0.2200 | ​ | May 26, 2021 | ​ | ​ | 24,279 | ​ | June 16, 2021
Second quarter 2021 | ​ | August 4, 2021 | ​ | ​ | 0.2500 | ​ | August 25, 2021 | ​ | ​ | 27,607 | ​ | September 15, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 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
​ ​ Declared and undistributed Subsequent to September 30, 2021, the Company’s Board of Directors declared a quarterly dividend of $0.25 cents per common share, payable on December 15, 2021 to stockholders of record on November 24, 2021. This dividend payable has not been recognized as a liability in the financial statements. The payment of this dividend will not have any tax consequences for the Company. ​ Foreign currency translation reserve Foreign currency translation adjustments within other comprehensive income include intra-entity foreign currency transactions that are of a long-term investment nature, which generated a net loss of $3,331,000 and a net loss of $5,890,000 for the three and nine months ended September 30, 2021 (2020: net gain of $5,634,000 and $3,300,000).

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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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