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Equity Transactions | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Equity Transactions | Equity Transactions On August 14, 2019, the Company declared a quarterly cash dividend of $0.67 per common share to be paid on November 15, 2019 to shareholders of record at the close of business on October 31, 2019. The Company also declared a quarterly cash dividend of $1.8125 per share on the Company's 7.25% mandatory convertible preferred stock ("MCPS") to be paid on November 1, 2019 to shareholders of record at the close of business on October 15, 2019. As of September 30, 2019, unless converted earlier, each share of MCPS will convert automatically on February 1, 2020, the mandatory conversion date, into between 0.7605 and 0.9126 shares of common stock (a conversion price range between $131.49 to $109.58 per share, respectively), subject to customary anti-dilution adjustments. During the three and nine months ended September 30, 2019, the Company repurchased 70,949 and 286,620 common shares, respectively, at weighted average prices of $105.68 and $104.63 per share, respectively, for a total cost, including fees and expenses, of $7.5 million and $30.0 million, respectively, under its share repurchase program. As of September 30, 2019, 338,183 shares remained available for repurchase. Under the terms of the program, the Company may repurchase shares of its common stock from time to time at its discretion through open market repurchases, privately negotiated transactions and/or other mechanisms, depending on price and prevailing market and business conditions. The program, which has no specified term, may be suspended or terminated at any time.

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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 + Details
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