Common Stock (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Declared Dividends Per Share

The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows:


	Dividends per Common Share		Amount (in thousands)
2023:



First Quarter	$	0.195	$	13,629
Total dividends declared in 2023	$	0.195	$	13,629

2022:
Fourth Quarter	$	0.180	$	12,986
Third Quarter	0.180		13,192
Second Quarter	0.180		13,400
First Quarter	0.180		13,473
Total dividends declared in 2022	$	0.720	$	53,051

Schedule of Share Repurchase Activity

The Company's share repurchase activity for the periods presented was as follows:


	Three months ended March 31,
(in thousands, except share and per share amounts)		2023		2022
Shares repurchased in the open market:
Shares repurchased		346,389		463,980
Average price		$	46.54	$	46.57
Aggregate value		$	16,122	$	21,607
Shares repurchased from Magnus:
Shares repurchased		2,168,528		699,819
Average price (1)		$	46.11	$	53.59
Aggregate value		$	100,001	$	37,501
Total shares repurchased:
Shares repurchased		2,514,917		1,163,799
Average price		$	46.17	$	50.79
Aggregate value		$	116,123	$	59,108

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(1) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during the current period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as, open market purchases made after the completion of the Magnus Share repurchase agreements.