v3.26.1
Earnings Per Share - Summary of Reconciliation of Basic Earnings Per Share and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator for earnings per common share :            
Net Income (Loss) $ 139,404 $ 112,140 $ 58,734 $ 61,975 $ 251,544 $ 120,709
Preferred stock dividends (10,018)   (9,673)   (19,788) (9,673)
Net income attributable to preferred stockholders (23,969)   (2,985)   (40,743) (5,334)
Net income attributable to common stockholders [1] 105,417   46,076   191,013 105,702
Allocation adjustment to income attributable to preferred stockholders [2] 183   26   343 62
Income attributable to common stockholders for diluted earnings per share $ 105,600   $ 46,102   $ 191,356 $ 105,764
Denominator for earnings per common share:            
Basic: weighted average number of shares outstanding 62,151   67,239   62,889 65,484
Plus: Incremental shares from assumed conversion of dilutive instruments 631   741   704 874
Diluted: Weighted average number of shares outstanding 62,782   67,980   63,593 66,358
Earnings per share            
Basic $ 1.7   $ 0.69   $ 3.04 $ 1.61
Diluted $ 1.68   $ 0.68   $ 3.01 $ 1.59
[1] Under the two-class method, total dividends provided to and undistributed earnings allocated to the preferred stockholders are subtracted from net income in determining income attributable to common stockholders.
[2] This amount reflects the impact of reversing undistributed earnings allocated to preferred stockholders in the basic earnings per share calculation and reallocating undistributed earnings to preferred stockholders and common stockholders including the impact of dilutive instruments.