Shareholders' Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Stockholders' Equity

16. Shareholders' Equity

We have a policy under which we intend to declare regular quarterly cash dividends on our common stock, as determined by our board of directors, after taking into account our cash flows, earnings, financial position and other relevant matters. In accordance with this policy, total dividend payments of $20.9 million, $20.3 million, and $19.0 million were made during the years ended December 31, 2019, 2018, and 2017, respectively.

In February 2020, our board of directors declared a cash dividend of $0.26 per share payable on March 18, 2020 to shareholders of record at the close of business on March 4, 2020.

In October 2018, our board of directors authorized a new two-year program for the repurchase of up to $50.0 million of our outstanding common shares. During 2019, we repurchased 0.2 million shares for $15.0 million. The remaining amount of authorized purchases in the program at December 31, 2019 was $35.0 million. The board of directors' authorization expires in October 2020.

Subsequent to December 31, 2019, we repurchased additional shares for $1.6 million through March 9, 2020. The remaining amount of authorized purchases in the program at that date was $33.4 million.

In October 2017, our board of directors authorized a program for the repurchase of up to $50.0 million of our outstanding common shares. During 2018, we repurchased 0.7 million shares for $50.0 million under this program.

In October 2015, our board of directors authorized the purchase of up to $50.0 million of our outstanding common shares from time to time, which expired in October 2017. During 2017, we repurchased 0.2 million shares for $11.5 million, all of which settled during the year.

The shares for all repurchase plans are retired upon purchase.