v3.26.1
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Tangible Equity Units
Common Stock
Common Stock
Common Stock
Additional Paid-In Capital
Additional Paid-In Capital
Common Stock
Additional Paid-In Capital
Tangible Equity Units
Retained Earnings
Accumulated Other Comprehensive Income
Balance, beginning balance (in shares) at Dec. 31, 2024       20,591,000            
Balance, beginning balance at Dec. 31, 2024 $ 988,186     $ 1,030   $ 591,600     $ 392,484 $ 3,072
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (8,973) [1]               (8,973)  
Stock-based compensation (in shares)       79,000            
Stock-based compensation 53     $ 3   50        
Other comprehensive income (loss), net of tax (1,454)                 (1,454)
Dividends declared (2,068)               (2,068)  
Balance, ending balance (in shares) at Mar. 31, 2025       20,670,000            
Balance, ending balance at Mar. 31, 2025 $ 975,744     $ 1,033   591,650     381,443 1,618
Balance, beginning balance (in shares) at Dec. 31, 2025 23,398,046     23,398,000            
Balance, beginning balance at Dec. 31, 2025 $ 1,438,808     $ 1,170   1,041,483     395,643 512
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 29,055               29,055  
Issuance of common stock, net (in shares)         4,588,000          
Issuance of common stock, net   $ 828,986 $ 375,302   $ 229   $ 828,757 $ 375,302    
Stock-based compensation (in shares) [2]       70,000            
Stock-based compensation [2] (3,787)     $ 4   (3,791)        
Other comprehensive income (loss), net of tax 659                 659
Dividends declared $ (2,807)               (2,807)  
Balance, ending balance (in shares) at Mar. 31, 2026 28,055,592     28,056,000            
Balance, ending balance at Mar. 31, 2026 $ 2,666,216     $ 1,403   $ 2,241,751     $ 421,891 $ 1,171
[1]
(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note (3) "Discontinued Operations".
[2]
(a) Stock-based compensation resulted in a net debit to additional paid-in capital due to the Company’s share price appreciation resulting in tax withholdings upon vesting exceeding stock-based compensation expense.