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Shareholders' Equity
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
 
Common Share Issuances:

See Note 8 for information regarding equity issuances related to share-based compensation.

Common Share Repurchases:

On March 13, 2019, our Board of Trustees authorized the repurchase of up to $150.0 million of our outstanding common shares over the twelve months following the date of authorization. In March 2020, this share repurchase authorization, of which $129.2 million was not utilized, expired. On March 10, 2020, our Board of Trustees authorized the repurchase of up to an additional $150.0 million of our outstanding common shares over the twelve months following the date of authorization. During the three months ended March 31, 2020, we repurchased 711,000 of our common shares under the March 2019 authorization, at a weighted average price of $29.31 per share, for a total investment of $20.8 million. The $150.0 million of remaining authorization available under our share repurchase program as of March 31, 2020 is scheduled to expire on March 10, 2021.

During the three months ended March 31, 2020 and 2019, certain of our employees surrendered 183,466 and 163,913 common shares owned by them, respectively, to satisfy their statutory tax withholding obligations in connection with the vesting of such common shares.
Common Share and Unit Distribution:

On September 24, 2019, our Board of Trustees declared a special, one-time cash distribution of $3.50 per common share/unit to shareholders/unitholders of record on October 7, 2019. On October 23, 2019, we paid this distribution to such shareholders/unitholders in the aggregate amount of $427.7 million. In February 2020, the number of earned awards for certain recipients of the Company’s restricted stock units and market-based LTIP Units was determined. Pursuant to the terms of such awards, we paid a one-time catch-up cash distribution of $3.50 per common share/unit to these recipients in the aggregate amount of $2.9 million upon such determination.

Preferred Share Distributions:

In 2020, our Board of Trustees declared distributions on our series D preferred shares to date as follows:
Declaration DateRecord DatePayment DateSeries D Dividend Per Share
January 10, 2020January 30, 2020February 18, 2020$0.40625  
April 9, 2020April 29, 2020May 15, 2020$0.40625