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Note 15 - Stockholders' Equity | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Equity [Text Block] | 15. Stockholders’ Equity Preferred Stock The Company’s Board of Director’s authorized the repurchase of up to 894,000 depositary shares of Class L preferred stock and 1,048,000 depositary shares of Class M preferred stock, representing up to 1,942 shares of the Company’s preferred stock, par value $1.00 per share, through December 31, 2023. During the three months ended March 31, 2023, the Company repurchased the following preferred stock:
Class of Preferred Stock |  | Depositary Shares Repurchased |  |  | Purchase Price (in thousands) |
Class L |  |  | 5,540 |  |  | $ | 111.0 |
Class M |  |  | 7,741 |  |  | $ | 157.0 |
The Company’s outstanding Preferred Stock is detailed below (in thousands, except share data and par values):
As of March 31, 2023
Class of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  | Optional Redemption Date
Class L |  |  | 10,350 |  |  |  | 8,940 |  |  | $ | 223,499 |  |  |  | 5.125 | % |  | $ | 1.28125 |  |  | $ | 1.00 |  | 8/16/2022
Class M |  |  | 10,580 |  |  |  | 10,481 |  |  |  | 262,037 |  |  |  | 5.250 | % |  | $ | 1.31250 |  |  | $ | 1.00 |  | 12/20/2022
|  |  |  |  |  |  | 19,421 |  |  | $ | 485,536 |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2022
Class of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  | Optional Redemption Date
Class L |  |  | 10,350 |  |  |  | 8,946 |  |  | $ | 223,637 |  |  |  | 5.125 | % |  | $ | 1.28125 |  |  | $ | 1.00 |  | 8/16/2022
Class M |  |  | 10,580 |  |  |  | 10,489 |  |  |  | 262,231 |  |  |  | 5.250 | % |  | $ | 1.31250 |  |  | $ | 1.00 |  | 12/20/2022
|  |  |  |  |  |  | 19,435 |  |  | $ | 485,868 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock The Company has a share repurchase program, which is scheduled to expire February 29, 2024. Under this program, the Company may repurchase shares of its common stock, par value $0.01 per share, with an aggregate gross purchase price of up to $300.0 million. The Company did not repurchase any shares under the share repurchase program during the three months ended March 31, 2023. As of March 31, 2023, the Company had $224.9 million available under this common share repurchase program. Dividends Declared The following table provides a summary of the dividends declared per share:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Common Shares |  | $ | 0.23000 |  |  | $ | 0.19000 |
Class L Depositary Shares |  | $ | 0.32031 |  |  | $ | 0.32031 |
Class M Depositary Shares |  | $ | 0.32813 |  |  | $ | 0.32813 |

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