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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Dividends & Distributions Declared | Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2022 as follows:
Approval Date |  | Record Date |  | Payment Date |  | Total Distributions Declared (Dollars in thousands) |
March 3, 2022 |  | March 21, 2022 |  | March 31, 2022 |  | $ | 3,597 |
June 2, 2022 |  | June 20, 2022 |  | June 30, 2022 |  |  | 3,602 |
September 23, 2022 |  | October 4, 2022 |  | October 11, 2022 |  |  | 3,616 |
December 8, 2022 |  | December 23, 2022 |  | December 30, 2022 |  |  | 3,389 |
Various (1) |  | Various |  | Various |  |  | 339 |
Total |  |  |  |  |  | $ | 14,543 |
(1) Represents distributions declared on unvested shares, net of forfeitures Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2021 as follows:
Approval Date |  | Record Date |  | Payment Date |  | Total Distributions Declared (Dollars in thousands) |
February 14, 2021 |  | March 22, 2021 |  | March 31, 2021 |  | $ | 3,570 |
June 5, 2021 |  | June 21, 2021 |  | June 30, 2021 |  |  | 3,579 |
September 11, 2021 |  | September 23, 2021 |  | September 30, 2021 |  |  | 3,583 |
December 4, 2021 |  | December 20, 2021 |  | December 31, 2021 |  |  | 3,587 |
Various (1) |  | Various |  | Various |  |  | 259 |
Total |  |  |  |  |  | $ | 14,578 |
(1) Represents distributions declared on unvested shares, net of forfeitures Dividend / Distribution payments of $0.25 per common share per quarter were declared during the year ended December 31, 2020 as follows:
Approval Date |  | Record Date |  | Payment Date |  | Total Dividends / Distributions Declared (Dollars in thousands) |
February 9, 2020 (1) |  | March 24, 2020 |  | March 31, 2020 |  | $ | 3,539 |
June 7, 2020 (1) |  | June 23, 2020 |  | June 30, 2020 |  |  | 3,545 |
September 13, 2020 (2) |  | September 25, 2020 |  | September 30, 2020 |  |  | 3,552 |
December 6, 2020 (2) |  | December 24, 2020 |  | December 31, 2020 |  |  | 3,558 |
Various (3) |  | Various |  | Various |  |  | 451 |
Total |  |  |  |  |  | $ | 14,645 |
(1) Represents dividends payments (2) Represents distribution / return of capital payments (3) Represents dividends / distributions declared on unvested shares, net of forfeitures
Information with Respect to Class A Common Shares that were Surrendered, Repurchased or Redeemed | The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2022:
Period (1) |  | Total Number of Shares Purchased or Redeemed |  |  | Average Price Paid Per Share |  |  | Total Number of Shares Purchased as Part of Publicly Announced Plan or Program |  |  | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) |
Class A common shares: |  |  |  |  |  |  |  |  |  |  |  |
January 1-31, 2022 |  |  | 4,781 |  | (3) | $ | 25.13 |  |  |  | — |  |  |  | — |
June 1-30, 2022 |  |  | 11,173 |  | (3) | $ | 26.28 |  |  |  | — |  |  |  | — |
October 1-31, 2022 |  |  | 200,000 |  | (4) | $ | 23.49 |  |  |  | 200,000 |  |  |  | 27,302,000 |
November 1-30, 2022 |  |  | 250,000 |  | (4) | $ | 24.50 |  |  |  | 250,000 |  |  |  | 21,177,000 |
December 1-31, 2022 |  |  | 457,082 |  | (4) | $ | 24.28 |  |  |  | 457,082 |  |  |  | 10,079,066 |
Total |  |  | 923,036 |  |  | $ | 24.20 |  |  |  | 907,082 |  |  |  |
(1) Based on settlement date. (2) Based on the $32 million share repurchase authorization announced on October 21, 2022. (3) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. (4) Purchased as part of the repurchase program announced in October 2022. The following table provides information with respect to the class A common shares that were surrendered, repurchased, or redeemed in 2021:
Period (1) |  | Total Number of Shares Purchased or Redeemed |  |  | Average Price Paid Per Share |  |  | Total Number of Shares Purchased as Part of Publicly Announced Plan or Program |  |  | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs |
Class A common shares: |  |  |  |  |  |  |  |  |  |  |  |
January 1-31, 2021 |  |  | 6,720 |  | (2) | $ | 28.59 |  |  |  | — |  |  |  | — |
March 1-31, 2021 |  |  | 3,095 |  | (2) | $ | 29.40 |  |  |  | — |  |  |  | — |
June 1-30, 2021 |  |  | 7,100 |  | (2) | $ | 27.64 |  |  |  | — |  |  |  | — |
November 1-30, 2021 |  |  | 403 |  | (2) | $ | 26.80 |  |  |  | — |  |  |  | — |
Total |  |  | 17,318 |  |  | $ | 28.30 |  |  |  | — |  |  |  |
(1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

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