v3.26.1
INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2024 $ 429,775 $ 66,850 $ 362,782 $ 230,912 $ (230,769)
Balance (in shares) at Dec. 31, 2024   66,871,000      
Shares issued on grants of restricted shares   $ 21 (21)    
Shares issued on grants of restricted shares (in shares)   112,000      
Stock compensation expense 2,110   2,110    
Net loss (108,410)     (108,410)  
Dividends declared (10,039)     (10,039)  
Other comprehensive income (loss) 133,055       133,055
Balance at Jun. 30, 2025 446,491 $ 66,871 364,871 112,463 (97,714)
Balance (in shares) at Jun. 30, 2025   66,983,000      
Balance at Mar. 31, 2025 437,351 $ 66,850 363,637 203,558 (196,694)
Balance (in shares) at Mar. 31, 2025   66,871,000      
Shares issued on grants of restricted shares   $ 21 (21)    
Shares issued on grants of restricted shares (in shares)   112,000      
Stock compensation expense 1,255   1,255    
Net loss (86,071)     (86,071)  
Dividends declared (5,024)     (5,024)  
Other comprehensive income (loss) 98,980       98,980
Balance at Jun. 30, 2025 446,491 $ 66,871 364,871 112,463 (97,714)
Balance (in shares) at Jun. 30, 2025   66,983,000      
Balance at Dec. 31, 2025 $ 68,060 $ 66,871 365,357 (277,016) (87,152)
Balance (in shares) at Dec. 31, 2025 66,983,000 66,983,000      
Shares issued on grants of restricted shares   $ 112 (112)    
Shares issued on grants of restricted shares (in shares)   25,000      
Shares issued on deferred stock units   $ 100 (100)    
Shares issued on deferred stock units (in shares)   11,000      
Stock compensation expense $ (79)   (79)    
Net loss (127,974)     (127,974)  
Other comprehensive income (loss) (37,981)       (37,981)
Balance at Jun. 30, 2026 $ (97,974) $ 67,083 365,066 (404,990) (125,133)
Balance (in shares) at Jun. 30, 2026 67,018,000 67,019,000      
Balance at Mar. 31, 2026 $ (5,538) $ 66,871 366,228 (329,012) (109,625)
Balance (in shares) at Mar. 31, 2026   66,983,000      
Shares issued on grants of restricted shares   $ 112 (112)    
Shares issued on grants of restricted shares (in shares)   25,000      
Shares issued on deferred stock units   $ 100 (100)    
Shares issued on deferred stock units (in shares)   11,000      
Stock compensation expense (950)   (950)    
Net loss (75,978)     (75,978)  
Other comprehensive income (loss) (15,508)       (15,508)
Balance at Jun. 30, 2026 $ (97,974) $ 67,083 $ 365,066 $ (404,990) $ (125,133)
Balance (in shares) at Jun. 30, 2026 67,018,000 67,019,000