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Shares | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Shares | Shares a) Common shares
|  | Common shares |  | Treasury shares |  | Common shares, net of treasury shares
Issued and outstanding at December 31, 2021 |  | 30,022,928 |  |  | (1,564,813) |  |  | 28,458,115 |
Retired through share purchase program |  | (2,195,646) |  |  | — |  |  | (2,195,646) |
Purchase of treasury shares |  | — |  |  | (26,012) |  |  | (26,012) |
Settlement of certain equity classified stock-based compensation |  | — |  |  | 184,364 |  |  | 184,364 |
Issued and outstanding at December 31, 2022 |  | 27,827,282 |  |  | (1,406,461) |  |  | 26,420,821 |
Purchase of treasury shares |  | — |  |  | (20,955) |  |  | (20,955) |
Settlement of certain equity classified stock-based compensation |  | — |  |  | 337,229 |  |  | 337,229 |
Issued and outstanding at December 31, 2023 |  | 27,827,282 |  |  | (1,090,187) |  |  | 26,737,095 |
Upon settlement of certain equity classified stock-based compensation during the year ended December 31, 2023, the Company withheld the cash equivalent of 234,728 shares for $5,479 to satisfy the recipient tax withholding requirements (year ended December 31, 2022 - 112,583 shares for $1,591). b) Net income per share
Year ended December 31, |  | 2023 |  | 2022
Net income |  | $ | 63,141 |  |  | $ | 67,372 |
Interest from convertible debentures (after tax) |  | 5,925 |  |  | 5,893 |
Diluted net income available to common shareholders |  | $ | 69,066 |  |  | $ | 73,265 |
Weighted-average number of common shares |  | 26,566,846 |  |  | 27,406,140 |
Weighted-average effect of dilutive securities |  |  |  |
Dilutive effect of treasury shares |  | 1,260,436 |  |  | 1,485,275 |
Dilutive effect of 5.00% convertible debentures |  | 2,148,438 |  |  | 2,095,236 |
Dilutive effect of 5.50% convertible debentures |  | 3,051,020 |  |  | 3,020,199 |
Weighted-average number of diluted common shares |  | 33,026,740 |  |  | 34,006,850 |
Basic net income per share |  | $ | 2.38 |  |  | $ | 2.46 |
Diluted net income per share |  | $ | 2.09 |  |  | $ | 2.15 |
For the years ended December 31, 2023, and December 31, 2022, all securities were dilutive. c) Share purchase program On April 11, 2022, the Company commenced a normal course issuer bid ("NCIB") under which a maximum number of 2,113,054 common shares were authorized to be purchased. During the year ended December 31, 2022, the Company purchased and subsequently cancelled 2,113,054 shares under this NCIB, which resulted in a decrease to common shares of $16,824 and a decrease to additional paid-in capital of $15,827. This NCIB is now complete, with the purchase and cancellation of the maximum number of shares. During the year ended December 31, 2022, the Company purchased and subsequently cancelled 82,592 shares under another NCIB which commenced on April 9, 2021, which resulted in a decrease to common shares of $665 and a decrease to additional paid-in capital of $816. This NCIB terminated April 8, 2022. d) Dividends
|  | Date declared |  | Per share |  | Shareholders on record as of |  | Paid or payable to shareholders |  | Total paid or payable
Q1 2022 |  | February 15, 2022 |  | $ | 0.08 |  |  | March 4, 2022 |  | April 8, 2022 |  | $ | 2,277 |
Q2 2022 |  | April 26, 2022 |  | $ | 0.08 |  |  | May 27, 2022 |  | July 8, 2022 |  | $ | 2,232 |
Q3 2022 |  | July 26, 2022 |  | $ | 0.08 |  |  | August 31, 2022 |  | October 7, 2022 |  | $ | 2,127 |
Q4 2022 |  | October 25, 2022 |  | $ | 0.08 |  |  | November 30, 2022 |  | January 6, 2023 |  | $ | 2,098 |
Q1 2023 |  | February 14, 2023 |  | $ | 0.10 |  |  | March 3, 2023 |  | April 6, 2023 |  | $ | 2,621 |
Q2 2023 |  | April 25, 2023 |  | $ | 0.10 |  |  | May 26, 2023 |  | July 7, 2023 |  | $ | 2,641 |
Q3 2023 |  | July 25, 2023 |  | $ | 0.10 |  |  | August 31, 2023 |  | October 6, 2023 |  | $ | 2,674 |
Q4 2023 |  | October 31, 2023 |  | $ | 0.10 |  |  | November 30, 2023 |  | January 5, 2024 |  | $ | 2,674 |

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