v3.25.1
Condensed Consolidated Statements of Shareholders' Equity and Temporary Equity (Unaudited) - USD ($)
$ in Thousands
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Additional Paid-in Capital [Member]
Series A Preferred Stock [Member]
Retained Earnings [Member]
Series A Preferred Stock [Member]
Noncontrolling Interest [Member]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Additional Paid-in Capital [Member]
Series B Preferred Stock [Member]
Retained Earnings [Member]
Series B Preferred Stock [Member]
Noncontrolling Interest [Member]
Series B Preferred Stock [Member]
Class B Preferred Units [Member]
Preferred Stock [Member]
Class B Preferred Units [Member]
Additional Paid-in Capital [Member]
Class B Preferred Units [Member]
Retained Earnings [Member]
Class B Preferred Units [Member]
Noncontrolling Interest [Member]
Class B Preferred Units [Member]
Common Stocks [Member]
Additional Paid-in Capital [Member]
Common Stocks [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Total
Balance (in shares) at Dec. 31, 2023           3,256,561                       14,603,563        
Balance at Dec. 31, 2023 $ 40,000                   $ 100,250               $ 87,415 $ 307,260 $ (2,258) $ 392,417
Dividends   $ 0         $ 0         $ 0                    
Dividends     $ (597) $ 0 $ (597)     $ (1,555) $ 0 $ (1,555)     $ (4,065) $ 0 $ (4,065)              
Compensatory stock issuances, net of forfeitures (in shares)                                   206,629        
Issuance of stock (in shares)           44,143                                
Issuance of stock             1,071     1,071                        
Contributions by owners of noncontrolling interests                                         3 3
Stock-based compensation costs                                     940     940
Redemption and retirement of common shares (in shares)                                   (18,033)        
Redemption and retirement of common shares                                     (543)     (543)
Net income                                       26,170 (351) 25,819
Accretion of discount associated with issuance of subsidiary equity                     75                     (75)
Distributions to owners of noncontrolling interests                                         (148) (148)
Balance (in shares) at Mar. 31, 2024           3,300,704                       14,792,159        
Balance at Mar. 31, 2024 40,000                   100,325               88,883 327,138 (2,754) 413,267
Balance (in shares) at Dec. 31, 2024           3,301,179                       14,904,192        
Balance at Dec. 31, 2024 40,000                   50,000               98,278 394,628 (3,543) $ 489,363
Dividends   $ 0         0         $ 0                    
Dividends     $ (600) $ 0 $ (600)     $ (1,574) $ 0 (1,574)     $ (1,400) $ 0 $ (1,400)              
Stock option exercises and proceeds related thereto (in shares)                                   11,300       300
Stock option exercises and proceeds related thereto                                     335     $ 335
Compensatory stock issuances, net of forfeitures (in shares)                                   9,003        
Issuance of stock (in shares)           13,661                       200,000        
Issuance of stock             $ 313     $ 313           $ 11,588 $ 11,588          
Contributions by owners of noncontrolling interests                                         78 78
Stock-based compensation costs                                     870     870
Redemption and retirement of preferred shares and preferred units                     (50,000)                      
Redemption and retirement of common shares (in shares)                                   (27,252)        
Redemption and retirement of common shares                                     (1,246)     (1,246)
Net income                                       31,520 (398) 31,122
Accretion of discount associated with issuance of subsidiary equity                                           (0)
Balance (in shares) at Mar. 31, 2025           3,314,840                       15,097,243        
Balance at Mar. 31, 2025 $ 40,000                   $ 0               $ 110,138 $ 422,574 $ (3,863) $ 528,849