v3.26.1
Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic Earnings (Loss) Per Share:        
Net income (loss) $ 62,245 $ (259,041) $ 94,529 $ (338,096)
Dividends on preferred stock (12,866) (13,239) (25,673) (26,425)
Dividends and undistributed earnings allocated to participating equity-based awards (550) (344) (831) (748)
Net income (loss) attributable to common stockholders, basic $ 48,829 $ (272,624) $ 68,025 $ (365,269)
Basic weighted average common shares (in shares) 104,937,007 104,084,326 104,906,993 104,030,680
Basic earnings (loss) per weighted average common share (in usd per share) $ 0.47 $ (2.62) $ 0.65 $ (3.51)
Diluted Earnings (Loss) Per Share:        
Net income (loss) attributable to common stockholders, basic $ 48,829 $ (272,624) $ 68,025 $ (365,269)
Reallocation impact of undistributed earnings to participating equity-based awards 1 0 0 0
Interest expense attributable to dilutive convertible notes 0 0 0 0
Net income (loss) attributable to common stockholders, diluted $ 48,830 $ (272,624) $ 68,025 $ (365,269)
Basic weighted average common shares (in shares) 104,937,007 104,084,326 104,906,993 104,030,680
Effect of dilutive shares issued in an assumed vesting of contingently issuable equity-based awards (in shares) 490,310 0 468,560 0
Effect of dilutive shares issued in an assumed conversion of convertible notes (in shares) 0 0 0 0
Diluted weighted average common shares (in shares) 105,427,317 104,084,326 105,375,553 104,030,680
Diluted earnings (loss) per weighted average common share (in usd per share) $ 0.46 $ (2.62) $ 0.65 $ (3.51)