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Share-Based Compensation And Other Related Information (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Disclosure of number and weighted average exercise prices of share options
The following table summarizes changes in stock options for the years ended December 31,:
 Stock Options Outstanding
  
 
Shares
Weighted
Average Exercise
Price CAD$
As at December 31, 2020317,417 $18.78 
Granted53,115 30.70 
Exercised(65,780)11.77 
Expired(2,162)41.62 
Forfeited(23,587)32.27 
As at December 31, 2021279,003 $21.38 
Granted191,649 22.95 
Exercised(79,542)15.12 
Expired(4,324)41.62 
Forfeited(9,819)31.32 
As at December 31, 2022376,967 $23.01 
Disclosure of range of exercise prices of outstanding share options
The following table summarizes information about the Company's stock options outstanding at December 31, 2022:
 Options OutstandingOptions Exercisable
Range of Exercise
Prices
CAD$
Number Outstanding as at December 31, 2022Weighted Average
Remaining
Contractual Life
(years)
Weighted
Average
Exercise Price
CAD$
Number Outstanding as at December 31, 2022Weighted
Average
Exercise
Price CAD$
$17.53 - $23.03290,657 5.6 $21.17 99,008 $17.72 
$23.04 - $28.5435,409 2.7 $25.35 35,409 $25.35 
$28.55 - $34.0443,993 5.9 $30.70 14,668 $30.70 
$34.05 - $39.486,908 4.9 $39.48 6,908 $39.48 
 376,967 5.3 $23.01 155,993 $21.64 
Disclosure of assumptions used in determining fair value of options granted
The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31,:
20222021
Expected life (years)4.5 4.0 
Expected volatility44.3 %44.0 %
Expected dividend yield2.7 %2.4 %
Risk-free interest rate3.4 %1.9 %
Weighted average exercise price (CAD$)$22.95 $30.70 
Weighted average fair value (CAD$)$7.69 $9.39 
Disclosure of dividends
The Company declared the following dividends for the years ended December 31, 2022 and 2021:
Declaration dateRecord dateDividend per common share
February 22, 2023 (1)
March 6, 2023$0.10 
November 9, 2022November 21, 2022$0.10 
August 10, 2022August 22, 2022$0.11 
May 11, 2022May 24, 2022$0.12 
February 23, 2022March 7, 2022$0.12 
November 9, 2021November 22, 2021$0.10 
August 10, 2021August 23, 2021$0.10 
May 12, 2021May 25, 2021$0.07 
February 17, 2021March 1, 2021$0.07 
(1)These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.
Performance Share Units [member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Disclosure of number and aggregate fair value of other equity instruments
The following table summarizes changes in PSUs for the years ended December 31, 2022 and 2021:
PSUNumber OutstandingFair Value
As at December 31, 2020255,559 $8,870 
Granted79,417 2,049 
Paid out(117,328)(4,539)
Change in value— (901)
As at December 31, 2021217,648 $5,479 
Granted150,469 2,456 
Paid out(80,159)(828)
Change in value— (2,319)
As at December 31, 2022287,958 $4,788 
Restricted Share Units [member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Disclosure of number and aggregate fair value of other equity instruments
The following table summarizes changes in RSUs for the years ended December 31, 2022 and 2021:
RSUNumber OutstandingFair Value
As at December 31, 2020396,572 $13,730 
Granted240,366 5,818 
Paid out(197,320)(4,829)
Forfeited(13,218)(329)
Change in value— (3,699)
As at December 31, 2021426,400 $10,691 
Granted341,060 5,567 
Paid out(198,344)(3,402)
Forfeited(17,324)(283)
Change in value— (3,453)
As at December 31, 2022551,792 $9,120