v3.25.2
Earnings Per Share - Earnings (Loss) and Shares Basic and Diluted (Loss) Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Basic (Loss) Earnings Per Share:        
Net (loss) income $ (259,041) $ 56,336 $ (338,096) $ 259,924
Dividends on preferred stock (13,239) (11,784) (26,425) (23,568)
Gain on repurchase and retirement of preferred stock 0 0 0 644
Dividends and undistributed earnings allocated to participating restricted stock units (344) (330) (748) (1,704)
Net (loss) income attributable to common stockholders $ (272,624) $ 44,222 $ (365,269) $ 235,296
Basic weighted average common shares (in shares) 104,084,326 103,555,755 104,030,680 103,478,847
Basic (loss) earnings per weighted average common share (in dollars per share) $ (2.62) $ 0.43 $ (3.51) $ 2.27
Diluted (Loss) Earnings Per Share:        
Net (loss) income attributable to common stockholders $ (272,624) $ 44,222 $ (365,269) $ 235,296
Reallocation impact of undistributed earnings to participating restricted stock units 0 0 0 27
Interest expense attributable to convertible notes 0 0 0 9,198
Net (loss) income attributable to common stockholders, diluted $ (272,624) $ 44,222 $ (365,269) $ 244,521
Basic weighted average common shares (in shares) 104,084,326 103,555,755 104,030,680 103,478,847
Effect of dilutive shares issued in an assumed vesting of performance share units (in shares) 0 355,057 0 428,728
Effect of dilutive shares issued in an assumed conversion (in shares) 0 0 0 9,229,054
Diluted weighted average common shares (in shares) 104,084,326 103,910,812 104,030,680 113,136,629
Diluted (loss) earnings per weighted average common share (in dollars per share) $ (2.62) $ 0.43 $ (3.51) $ 2.16