v3.25.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Held in Reserve
Treasury Stock
Paid-in Capital
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2023   18,288,000 62,000      
Beginning balance at Dec. 31, 2023 $ 2,161,680 $ 2 $ (1,996) $ 0 $ 315,726 $ 1,847,948
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 52,035         52,035
Conversion of preferred stock (in shares)   1,000        
Conversion of preferred stock 11       11  
Stock compensation 3,587       3,587  
Repurchase of common stock under Repurchase Program (in shares)   (210,000)        
Repurchase of common stock under Repurchase Program (29,788)       (29,788)  
Issuance of common stock held in reserve (in shares)     62,000      
Issuance of common stock held in reserve 1,996   $ 1,996      
Issuance of common stock upon vesting of share-based awards (in shares)   18,000        
Common stock withheld for income taxes on share-based awards (in shares)   (8,000)        
Common stock withheld for income taxes on share-based awards (1,086)       (1,086)  
Dividends on preferred stock (1,105)         (1,105)
Ending balance (in shares) at Mar. 31, 2024   18,089,000 0      
Ending balance at Mar. 31, 2024 2,187,330 $ 2 $ 0 0 288,450 1,898,878
Beginning balance (in shares) at Dec. 31, 2023   18,288,000 62,000      
Beginning balance at Dec. 31, 2023 2,161,680 $ 2 $ (1,996) 0 315,726 1,847,948
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 25,823          
Conversion of preferred stock (in shares) (426)          
Ending balance (in shares) at Jun. 30, 2024   18,137,000 0      
Ending balance at Jun. 30, 2024 $ 2,119,913 $ 2 $ 0 (698) 249,038 1,871,571
Beginning balance (in shares) at Mar. 31, 2024   18,089,000 0      
Beginning balance at Mar. 31, 2024 2,187,330 $ 2 $ 0 0 288,450 1,898,878
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (26,212)         (26,212)
Conversion of preferred stock (in shares)   30,000        
Conversion of preferred stock 415       415  
Stock compensation 4,990       4,990  
Repurchase of common stock under Repurchase Program (in shares)   (156,000)        
Repurchase of common stock under Repurchase Program (25,017)     (698) (24,319)  
Issuance of common stock upon vesting of share-based awards (in shares)   303,000        
Common stock withheld for income taxes on share-based awards (in shares)   (129,000)        
Common stock withheld for income taxes on share-based awards (20,498)       (20,498)  
Dividends on preferred stock (1,095)         (1,095)
Ending balance (in shares) at Jun. 30, 2024   18,137,000 0      
Ending balance at Jun. 30, 2024 $ 2,119,913 $ 2 $ 0 (698) 249,038 1,871,571
Beginning balance (in shares) at Dec. 31, 2024 17,800,000 17,798,000 0      
Beginning balance at Dec. 31, 2024 $ 1,711,393 $ 2 $ 0 0 129,059 1,582,332
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (464)         (464)
Conversion of preferred stock (in shares)   324,000        
Conversion of preferred stock 4,461       4,461  
Stock compensation 4,538       4,538  
Repurchase of common stock under Repurchase Program (in shares)   (329,000)        
Repurchase of common stock under Repurchase Program (60,601)     (2,192) (58,409)  
Issuance of common stock upon vesting of share-based awards (in shares)   40,000        
Common stock withheld for income taxes on share-based awards (in shares)   (17,000)        
Common stock withheld for income taxes on share-based awards (2,962)       (2,962)  
Dividends on preferred stock (866)       (4) (862)
Ending balance (in shares) at Mar. 31, 2025   17,816,000 0      
Ending balance at Mar. 31, 2025 $ 1,655,499 $ 2 $ 0 (2,192) 76,683 1,581,006
Beginning balance (in shares) at Dec. 31, 2024 17,800,000 17,798,000 0      
Beginning balance at Dec. 31, 2024 $ 1,711,393 $ 2 $ 0 0 129,059 1,582,332
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 184,002          
Conversion of preferred stock (in shares) (5,992)          
Net cash payments on performance vesting restricted stock units $ (12,297)       (12,297)  
Ending balance (in shares) at Jun. 30, 2025 17,600,000 17,608,000 0      
Ending balance at Jun. 30, 2025 $ 1,765,679 $ 2 $ 0 (500) 1,509 1,764,668
Beginning balance (in shares) at Mar. 31, 2025   17,816,000 0      
Beginning balance at Mar. 31, 2025 1,655,499 $ 2 $ 0 (2,192) 76,683 1,581,006
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 184,466         184,466
Conversion of preferred stock (in shares)   113,000        
Conversion of preferred stock 1,531       1,531  
Stock compensation 4,870       4,870  
Repurchase of common stock under Repurchase Program (in shares)   (348,000)        
Repurchase of common stock under Repurchase Program (65,317)     1,692 (67,009)  
Issuance of common stock upon vesting of share-based awards (in shares)   39,000        
Common stock withheld for income taxes on share-based awards (in shares)   (12,000)        
Common stock withheld for income taxes on share-based awards (2,266)       (2,266)  
Dividends on preferred stock $ (807)       (3) (804)
Ending balance (in shares) at Jun. 30, 2025 17,600,000 17,608,000 0      
Ending balance at Jun. 30, 2025 $ 1,765,679 $ 2 $ 0 $ (500) $ 1,509 $ 1,764,668