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Shareholders' Equity
9 Months Ended
Sep. 30, 2020
Shareholders' Equity  
Shareholders' Equity

Note 8.  Shareholders’ Equity

The Company was authorized to issue 500,000,000 shares of Class A common stock, $0.01 par value, at September 30, 2020 and December 31, 2019. As of September 30, 2020 and December 31, 2019, the Company had 113,778,906 and 113,350,267 Class A common shares issued and outstanding, respectively. The Company did not have any shares of Class B non-voting common stock, $0.01 par value, issued or outstanding as of September 30, 2020 and December 31, 2019.

The Company was authorized to issue 50,000,000 shares of preferred stock, $0.01 par value, at September 30, 2020 and December 31, 2019. As of September 30, 2020 and December 31, 2019, the Company had 10,000,000 shares of preferred stock issued and outstanding with an aggregate liquidation preference of $250.0 million.