Note 15 - Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

15. Stockholders’ Equity

Preferred Stock -

The Company’s outstanding Preferred Stock is detailed below:

As of June 30, 2021 and December 31, 2020
Class of Preferred Stock	Shares Authorized		Shares Issued and Outstanding		Liquidation Preference (in thousands)		Dividend Rate			Annual Dividend per Depositary Share		Par Value		Optional Redemption Date
Class L		10,350		9,000	$	225,000		5.125	%	$	1.28125	$	1.00	8/16/2022
Class M		10,580		10,580		264,500		5.250	%	$	1.31250	$	1.00	12/20/2022
				19,580	$	489,500

Common Stock -

During February 2020, the Company extended its share repurchase program for a term of two years, which will expire in February 2022, pursuant to which the Company may repurchase shares of its common stock, par value $0.01 per share, with an aggregate gross purchase price of up to $300.0 million. The Company did not repurchase any shares under the share repurchase program during the six months ended June 30, 2021. As of June 30, 2021, the Company had $224.9 million available under this share repurchase program.

Dividends Declared -

The following table provides a summary of the dividends declared per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Common Shares	$	0.17000	$	-	$	0.34000	$	0.28000
Class L Depositary Shares	$	0.32031	$	0.32031	$	0.64062	$	0.64062
Class M Depositary Shares	$	0.32813	$	0.32813	$	0.65626	$	0.65626