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Equity and dividends | 3 Months Ended
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Mar. 31, 2022
Equity and dividends |
Equity and dividends | 19. 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 combinations The Company has issued the following common shares in connection with the acquisitions of Rouse and SmartEquip. These shares were issued to certain previous unitholders and shareholders of Rouse and SmartEquip, based on the fair market value of the Company’s common shares at the acquisition date. The Company records share-based continuing employment costs in acquisition-related costs over the vesting period, with an increase to additional paid-in capital. The vesting of shares issued for business combinations is subject to continuing employment with the Company over various dates over a three year period from their respective acquisition dates. As and when the common shares vest, the Company will recognize the fair value of the issued common shares from additional paid-in capital to share capital. ​ 19. Equity and dividends (continued) Shares issued for business combinations (continued) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Rouse | ​ | SmartEquip | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted average
​ | Common | ​ | Fair value | ​ | Common | ​ | Fair value |  | Common | ​ | fair value
​ | shares | ​ | per common | ​ | shares | ​ | per common |  | shares | ​ | per common
​ | issued |  | shares |  | issued |  | shares |  | issued |  | shares
Outstanding, December 31, 2021 | 189,665 | ​ | $ | 71.09 | ​ | 63,971 | ​ | $ | 68.39 | ​ | 253,636 | ​ | $ | 70.41
Granted | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Vested | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Forfeited | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Outstanding, March 31, 2022 | 189,665 | ​ | $ | 71.09 | ​ | 63,971 | ​ | $ | 68.39 | ​ | 253,636 | ​ | $ | 70.41
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding, December 31, 2020 | 312,193 | ​ | $ | 71.09 | ​ | — | ​ | $ | — | ​ | 312,193 | ​ | $ | 71.09
Granted | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Vested | — | ​ | ​ | — | ​ | — | ​ | ​ | — | ​ | — | ​ | ​ | —
Forfeited | (55,510) | ​ | ​ | 71.09 | ​ | — | ​ | ​ | — | ​ | (55,510) | ​ | ​ | 71.09
Outstanding, March 31, 2021 | 256,683 | ​ | $ | 71.09 | ​ | — | ​ | $ | — | ​ | 256,683 | ​ | $ | 71.09
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ As at March 31, 2022, the unrecognized share-based continuing employment cost was $8,600,026 (2021: $14,576,000), which is expected to be recognized over a weighted average period of 1.5 years. Share repurchase ​ There were no common shares repurchased during the three months ended March 31, 2022 (three months ended March 31, 2021: nil). ​ Dividends ​ Declared and paid The Company declared and paid the following dividends during the three months ended March 31, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Dividend |  | ​ |  | Total |  | ​
​ | ​ | Declaration date | ​ | per share | ​ | Record date | ​ | dividends | ​ | Payment date
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fourth quarter 2021 | ​ | January 21, 2022 | ​ | $ | 0.2500 | ​ | February 11, 2022 | ​ | $ | 27,659 | ​ | March 4, 2022
Fourth quarter 2020 | ​ | January 22, 2021 | ​ | $ | 0.2200 | ​ | February 12, 2021 | ​ | $ | 24,181 | ​ | March 5, 2021
​ ​ Declared and undistributed Subsequent to March 31, 2022, the Company’s Board of Directors declared a quarterly dividend of $0.25 cents per common share, payable on June 17, 2022 to stockholders of record on May 27, 2022. 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 $884,000 for the three months ended March 31, 2022 (2021: net loss of $3,654,000).

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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 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: 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 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: 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 + Details
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