v3.26.1
Changes in Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
A reconciliation of the changes in equity for the three and six months ended June 30, 2026 and 2025 is provided below:
Three Months Ended June 30, 2026
(in thousands)Common
Stock
Additional
Paid-in
Capital
Retained Earnings
Accumulated
Other
Comprehensive
Loss
Noncontrolling
Interests
Total
Equity
Balance - March 31, 2026$52,615 $1,137,499 $55,008 $(31,023)$50,912 $1,265,011 
Net income— — 65,742 — 18,326 84,068 
Other comprehensive loss— — — (1,110)(369)(1,479)
Share-based compensation— 4,976 — — — 4,976 
Issuance of common stock, net91 (4,227)— — — (4,136)
Dividends— — (3,329)— — (3,329)
Repurchase of common stock(137)(2,971)(6,924)— — (10,032)
Balance - June 30, 2026$52,569 $1,135,277 $110,497 $(32,133)$68,869 $1,335,079 
Six Months Ended June 30, 2026
(in thousands)Common
Stock
Additional
Paid-in
Capital
Retained Earnings
Accumulated
Other
Comprehensive
Loss
Noncontrolling
Interests
Total
Equity
Balance - December 31, 2025$52,791 $1,148,634 $46,443 $(29,234)$44,028 $1,262,662 
Net income— — 91,438 — 32,158 123,596 
Other comprehensive loss— — — (2,899)(811)(3,710)
Share-based compensation— 7,108 — — — 7,108 
Issuance of common stock, net193 (11,446)— — — (11,253)
Dividends— — (6,659)— — (6,659)
Repurchase of common stock(415)(9,019)(20,725)— — (30,159)
Contributions from noncontrolling interests— — — — 4,994 4,994 
Distributions to noncontrolling interests— — — — (11,500)(11,500)
Balance - June 30, 2026$52,569 $1,135,277 $110,497 $(32,133)$68,869 $1,335,079 
Three Months Ended June 30, 2025
(in thousands)Common
Stock
Additional
Paid-in
Capital
Retained Earnings (Deficit)Accumulated
Other
Comprehensive
Loss
Noncontrolling
Interests
Total
Equity
Balance - March 31, 2025$52,703 $1,142,299 $(2,577)$(32,190)$27,362 $1,187,597 
Net income— — 19,974 — 27,112 47,086 
Other comprehensive income— — — 1,946 1,316 3,262 
Share-based compensation— 2,984 — — — 2,984 
Issuance of common stock, net40 — — — — 40 
Contributions from noncontrolling interests— — — — 7,500 7,500 
Distributions to noncontrolling interests— — — — (8,650)(8,650)
Balance - June 30, 2025$52,743 $1,145,283 $17,397 $(30,244)$54,640 $1,239,819 
Six Months Ended June 30, 2025
(in thousands)Common
Stock
Additional
Paid-in
Capital
Retained Earnings (Deficit)Accumulated
Other
Comprehensive
Loss
Noncontrolling
Interests
Total
Equity
Balance - December 31, 2024$52,486 $1,146,800 $(30,575)$(33,988)$23,883 $1,158,606 
Net income— — 47,972 — 41,863 89,835 
Other comprehensive income— — — 3,744 1,794 5,538 
Share-based compensation— 3,851 — — — 3,851 
Issuance of common stock, net257 (5,368)— — — (5,111)
Contributions from noncontrolling interests— — — — 7,500 7,500 
Distributions to noncontrolling interests— — — — (20,400)(20,400)
Balance - June 30, 2025$52,743 $1,145,283 $17,397 $(30,244)$54,640 $1,239,819