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SHARE REPURCHASE PROGRAMS AND DIVIDENDS | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
SHARE REPURCHASE PROGRAMS AND DIVIDENDS | SHARE REPURCHASE PROGRAMS AND DIVIDENDS Share Repurchase Programs In March 2025 and September 2024, our Board of Directors (Board) authorized the repurchase of up to 10.0% and 5.0% of our total common shares which were issued and outstanding, or approximately 1,351,000 and 711,000 common shares, respectively, over a twelve month period. The repurchase authorization allows repurchases from time to time through a variety of methods, including but not limited to open market repurchases, pursuant to a Rule 10b5-1 compliant plan, or privately negotiated transactions. We have funded, and intend to continue to fund, repurchases through cash on hand, cash from debt incurrences and cash generated from operations. Any common shares repurchased are cancelled in the periods they are acquired and the payment is accounted for as an increase to accumulated deficit in our Unaudited Consolidated Statements of Changes in Shareholders’ Equity in the period the payment is made. The following table summarizes our common share repurchases for the periods presented (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Dollar-value of shares repurchased | $ | 3,334 |  |  | $ | 3,208 |  |  |  |  |
Shares repurchased | 153.1 |  |  | 133.1 |  |  |  |  |
Average price paid per share | $ | 21.75 |  |  | $ | 24.08 |  |  |  |  |
Dividends Our Board declared the following quarterly dividends for the three months ended March 31, 2025 and 2024. The dividends are eligible dividends pursuant to the Income Tax Act (Canada).
Date Declared |  | Record Date |  | Payment Date |  | Per Share Amount |  |
January 31, 2025 |  | February 24, 2025 |  | March 17, 2025 |  | $0.25 |  |
February 2, 2024 |  | February 26, 2024 |  | March 18, 2024 |  | $0.25 |  |

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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