Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 15 - SHAREHOLDERS' EQUITY
Share Repurchase Program
On November 26, 2018, we announced a new share repurchase program to repurchase outstanding common shares in the open market or in privately negotiated transactions, up to a maximum of $200 million, excluding commissions and fees. On April 24, 2019, we announced that our Board of Directors increased the common share repurchase authorization by an additional $100 million, excluding commissions and fees. During the three and six months ended June 30, 2019, we repurchased 12.9 million and 24.4 million common shares at a cost of $128.6 million and $252.9 million in the aggregate, including commissions and fees, respectively. As of June 30, 2019, there was $0.2 million available under the authorization. The share repurchase program is effective until December 31, 2019.
Dividends
On May 31, 2019, the Board of Directors declared a quarterly cash dividend on our common shares of $0.06 per share. We have accrued dividends recorded of $17.1 million in Other current liabilities in the Statements of Unaudited Condensed Consolidated Financial Position as of June 30, 2019. Subsequent to quarter end, on July 15, 2019, the cash dividend was paid to shareholders of record as of the close of business on July 5, 2019.
On each of October 18, 2018 and February 19, 2019, our Board of Directors declared a quarterly cash dividend on our common shares of $0.05 per share. The cash dividends were paid on January 15, 2019 and April 15, 2019, to our shareholders of record as of the close of business on January 4, 2019 and April 5, 2019, respectively.