v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Total Stockholders’ Equity
Series A Preferred Stock
Total Stockholders’ Equity
Series B Preferred Stock
Total Stockholders’ Equity
Series D Preferred Stock
Total Stockholders’ Equity
Series E Preferred Stock
Total Stockholders’ Equity
Common Stock
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series D Preferred Stock
Preferred Stock
Series E Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Accumulated Deficit
Series A Preferred Stock
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series D Preferred Stock
Accumulated Deficit
Series E Preferred Stock
Accumulated Deficit
Common Stock
Beginning balance (in shares) at Dec. 31, 2024               6,799,467 4,695,887 7,933,711 4,595,175   231,051,139                
Beginning balance at Dec. 31, 2024   $ 2,186,958           $ 68 $ 47 $ 79 $ 46   $ 3,640 $ 4,359,264 $ (25,844) $ (2,150,342)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock repurchases, net (in shares)                       (10,072,062)                  
Common stock repurchases, net   (75,973)         $ (75,900)         $ (101)   (75,872)              
Dividends declared, common stock   (107,456)                           (107,456)          
Dividends declared, preferred stock     $ (6,162) $ (4,036) $ (7,438) $ (4,236)                     $ (6,162) $ (4,036) $ (7,438) $ (4,236)  
Equity-based compensation, net of forfeitures (in shares)                       297,747                  
Equity-based compensation, net of forfeitures   5,604                   $ 3   5,601              
Common shares repurchased upon vesting of restricted stock (in shares)                       (52,483)                  
Common stock shares withheld upon vesting of restricted stock   (656)                   $ (1)   (655)              
Net income (loss) $ (213,522) (213,522)                           (213,522)          
Cumulative translation adjustment   58,744                         58,744            
Designated derivatives, fair value adjustments 552 552                         552            
Ending balance (in shares) at Jun. 30, 2025               6,799,467 4,695,887 7,933,711 4,595,175   221,224,341                
Ending balance at Jun. 30, 2025   1,832,379           $ 68 $ 47 $ 79 $ 46   $ 3,541 4,288,338 33,452 (2,493,192)          
Beginning balance (in shares) at Mar. 31, 2025               6,799,467 4,695,887 7,933,711 4,595,175   228,730,355                
Beginning balance at Mar. 31, 2025   1,915,552           $ 68 $ 47 $ 79 $ 46   $ 3,617 4,342,134 (15,755) (2,414,684)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock repurchases, net (in shares)                       (7,654,620)                  
Common stock repurchases, net   (56,556)         (56,500)         $ (77)   (56,479)              
Dividends declared, common stock             $ (43,429)                           $ (43,429)
Dividends declared, preferred stock     (3,081) (2,018) (3,719) (2,118)                     (3,081) (2,018) (3,719) (2,118)  
Equity-based compensation, net of forfeitures (in shares)                       201,089                  
Equity-based compensation, net of forfeitures   3,340                   $ 2   3,338              
Common shares repurchased upon vesting of restricted stock (in shares)                       (52,483)                  
Common stock shares withheld upon vesting of restricted stock   (656)                   $ (1)   (655)              
Net income (loss) (24,143) (24,143)                           (24,143)          
Cumulative translation adjustment   50,466                         50,466            
Designated derivatives, fair value adjustments (1,259) (1,259)                         (1,259)            
Ending balance (in shares) at Jun. 30, 2025               6,799,467 4,695,887 7,933,711 4,595,175   221,224,341                
Ending balance at Jun. 30, 2025   1,832,379           $ 68 $ 47 $ 79 $ 46   $ 3,541 4,288,338 33,452 (2,493,192)          
Beginning balance (in shares) at Dec. 31, 2025               6,799,467 4,695,887 7,933,711 4,595,175   216,016,247                
Beginning balance at Dec. 31, 2025   1,663,498           $ 68 $ 47 $ 79 $ 46   $ 3,490 4,249,018 22,169 (2,611,419)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock repurchases, net (in shares)                       (5,434,341)                  
Common stock repurchases, net   (49,461)                   $ (54)   (49,407)              
Dividends declared, common stock   (81,799)                           (81,799)          
Dividends declared, preferred stock     (6,162) (4,036) (7,438) (4,236)                     (6,162) (4,036) (7,438) (4,236)  
Equity-based compensation, net of forfeitures (in shares)                       411,196                  
Equity-based compensation, net of forfeitures   7,988                   $ 4   7,984              
Common shares repurchased upon vesting of restricted stock (in shares)                       (41,667)                  
Common stock shares withheld upon vesting of restricted stock   (1,970)                       (1,970)              
Net income (loss) (1,592) (1,592)                           (1,592)          
Cumulative translation adjustment   (6,586)                         (6,586)            
Designated derivatives, fair value adjustments 897 897                         897            
Ending balance (in shares) at Jun. 30, 2026               6,799,467 4,695,887 7,933,711 4,595,175   210,951,435                
Ending balance at Jun. 30, 2026   1,509,103           $ 68 $ 47 $ 79 $ 46   $ 3,440 4,205,625 16,480 (2,716,682)          
Beginning balance (in shares) at Mar. 31, 2026               6,799,467 4,695,887 7,933,711 4,595,175   212,032,775                
Beginning balance at Mar. 31, 2026   1,561,251           $ 68 $ 47 $ 79 $ 46   $ 3,450 4,213,160 12,993 (2,668,592)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Common stock repurchases, net (in shares)                       (1,215,980)                  
Common stock repurchases, net   (11,095)                   $ (12)   (11,083)              
Dividends declared, common stock   (40,640)                           (40,640)          
Dividends declared, preferred stock     $ (3,081) $ (2,018) $ (3,719) $ (2,118)                     $ (3,081) $ (2,018) $ (3,719) $ (2,118)  
Equity-based compensation, net of forfeitures (in shares)                       176,307                  
Equity-based compensation, net of forfeitures   3,944                   $ 2   3,942              
Common shares repurchased upon vesting of restricted stock (in shares)                       (41,667)                  
Common stock shares withheld upon vesting of restricted stock   (394)                       (394)              
Net income (loss) 3,486 3,486                           3,486          
Cumulative translation adjustment   3,861                         3,861            
Designated derivatives, fair value adjustments $ (374) (374)                         (374)            
Ending balance (in shares) at Jun. 30, 2026               6,799,467 4,695,887 7,933,711 4,595,175   210,951,435                
Ending balance at Jun. 30, 2026   $ 1,509,103           $ 68 $ 47 $ 79 $ 46   $ 3,440 $ 4,205,625 $ 16,480 $ (2,716,682)