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SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2019

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

The following table presents changes in common shares issued and outstanding:

		Three months ended March 31,
		2019			2018
	Shares issued, balance at beginning of period	176,580			176,580
	Shares issued	—			—
	Total shares issued at end of period	176,580			176,580
	Treasury shares, balance at beginning of period	(92,994	)		(93,419	)
	Shares repurchased	(157	)		(149	)
	Shares reissued	505			506
	Total treasury shares at end of period	(92,646	)		(93,062	)
	Total shares outstanding	83,934			83,518

In the three months ended March 31, 2019, the total cash dividends declared per common share were $0.40 (2018: $0.39). In the three months ended March 31, 2019, the total dividends declared on Series D preferred shares were $0.34375 per share, payable in June 2019 (2018: $0.34375, paid in June 2018). In the three months ended March 31, 2019, the total dividends declared on Series E preferred shares were $34.375 per share, paid in April 2019 (2018: $34.375, paid in April 2018).

Treasury Shares

The following table presents common share repurchased from shares held in Treasury:

		Three months ended March 31,
		2019				2018
	In the open market:
	Total shares	—				—
	Total cost	$	—			$	—
	Average price per share(1)	$	—			$	—
	From employees:(2)
	Total shares	157				149
	Total cost	$	9,003			$	7,163
	Average price per share(1)	$	57.17			$	48.08
	Total shares repurchased:
	Total shares	157				149
	Total cost	$	9,003			$	7,163
	Average price per share(1)	$	57.17			$	48.08

(1) Calculated using whole numbers.

(2) Shares are repurchased from employees to satisfy withholding tax liabilities related to the vesting of share-settled restricted stock units.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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