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SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
The following table presents changes in common shares issued and outstanding:
  Three months ended June 30,Six months ended June 30,
  2024202320242023
Shares issued, balance at beginning of period176,580 176,580 176,580 176,580 
Shares issued— — — — 
Total shares issued at end of period176,580 176,580 176,580 176,580 
Treasury shares, balance at beginning of period(91,893)(91,397)(91,294)(91,912)
Shares repurchased(545)(20)(1,826)(282)
Shares reissued 37 53 719 830 
Total treasury shares at end of period(92,401)(91,364)(92,401)(91,364)
Total shares outstanding84,179 85,216 84,179 85,216 
Treasury Shares
At June 30, 2024, authorization under the Company's share repurchase program approved in December 2023 was exhausted.
On May 16, 2024, the Company's Board of Directors approved a new share repurchase program for up to $300 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions.
The following table presents common shares repurchased from shares held in Treasury:
  Three months ended June 30,Six months ended June 30,
  2024202320242023
In the open market:(1)
Total shares540 — 1,588 — 
Total cost$38,361 $— $99,968 $— 
Average price per share(2)
$71.09 $— $62.97 $— 
From employees:(3)
Total shares5 20 238 282 
Total cost$435 $1,106 $14,556 $17,051 
Average price per share(2)
$80.57 $53.95 $61.15 $60.32 
Total shares repurchased:
Total shares545 20 1,826 282 
Total cost$38,796 $1,106 $114,524 $17,051 
Average price per share(2)
$71.18 $53.95 $62.73 $60.32 
(1) Shares are repurchased pursuant to the Company's Board-authorized share repurchase programs.
(2) Calculated using whole numbers.
(3)  Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.
Dividends
The following table presents dividends declared and paid related to the Company's common and preferred shares:
Per share data
Dividends declaredDividends paid in period of declarationDividends paid in period following declaration
Three months ended June 30, 2024
   Common shares$0.44 $— $0.44 
   Series E preferred shares$34.38 $— $34.38 
Three months ended June 30, 2023
   Common shares$0.44 $— $0.44 
   Series E preferred shares$34.38 $— $34.38 
Six months ended June 30, 2024
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares
$68.75 $34.38 $34.38 
Six months ended June 30, 2023
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares$68.75 $34.38 $34.38