v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2024   122,304,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024     (18,561,000)      
Beginning balance at Dec. 31, 2024 $ 501,583 $ 12,230 $ (78,024) $ 362,578 $ (4,962) $ 209,761
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued - stock-based compensation (in shares)   116,000        
Shares issued - stock-based compensation 0 $ 12   (12)    
Stock-based compensation expense 1,389     1,389    
Treasury stock (in shares)     (40,000)      
Treasury stock (155)   $ (155)      
Dividend distributions (6,570)         (6,570)
Other comprehensive income 117       117  
Net income (loss) 7,730         7,730
Ending balance (in shares) at Mar. 31, 2025   122,420,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2025     (18,601,000)      
Ending balance at Mar. 31, 2025 504,094 $ 12,242 $ (78,179) 363,955 (4,845) 210,921
Beginning balance (in shares) at Dec. 31, 2024   122,304,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2024     (18,561,000)      
Beginning balance at Dec. 31, 2024 501,583 $ 12,230 $ (78,024) 362,578 (4,962) 209,761
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 16,111          
Ending balance (in shares) at Jun. 30, 2025   123,018,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2025     (18,759,000)      
Ending balance at Jun. 30, 2025 511,559 $ 12,302 $ (78,733) 365,332 (86) 212,744
Beginning balance (in shares) at Mar. 31, 2025   122,420,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2025     (18,601,000)      
Beginning balance at Mar. 31, 2025 504,094 $ 12,242 $ (78,179) 363,955 (4,845) 210,921
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued - stock-based compensation (in shares)   598,000        
Shares issued - stock-based compensation 0 $ 60   (60)    
Stock-based compensation expense 1,437     1,437    
Treasury stock (in shares)     (158,000)      
Treasury stock (554)   $ (554)      
Dividend distributions (6,557)         (6,557)
Other comprehensive income 4,759       4,759  
Net income (loss) 8,380         8,380
Ending balance (in shares) at Jun. 30, 2025   123,018,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2025     (18,759,000)      
Ending balance at Jun. 30, 2025 $ 511,559 $ 12,302 $ (78,733) 365,332 (86) 212,744
Beginning balance (in shares) at Dec. 31, 2025   123,018,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (18,759,403)   (18,759,000)      
Beginning balance at Dec. 31, 2025 $ 443,497 $ 12,302 $ (78,733) 368,536 (498) 141,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Stock-based compensation expense 1,360     1,360    
Dividend distributions (6,687)         (6,687)
Other comprehensive income 498       498  
Net income (loss) (93,764)         (93,764)
Ending balance (in shares) at Mar. 31, 2026   123,018,000        
Treasury stock, ending balance (in shares) at Mar. 31, 2026     (18,759,000)      
Ending balance at Mar. 31, 2026 $ 344,904 $ 12,302 $ (78,733) 369,896 0 41,439
Beginning balance (in shares) at Dec. 31, 2025   123,018,000        
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (18,759,403)   (18,759,000)      
Beginning balance at Dec. 31, 2025 $ 443,497 $ 12,302 $ (78,733) 368,536 (498) 141,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ (51,319)          
Ending balance (in shares) at Jun. 30, 2026   124,321,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2026 (19,128,959)   (19,129,000)      
Ending balance at Jun. 30, 2026 $ 380,335 $ 12,432 $ (80,718) 371,427 0 77,194
Beginning balance (in shares) at Mar. 31, 2026   123,018,000        
Treasury stock, beginning balance (in shares) at Mar. 31, 2026     (18,759,000)      
Beginning balance at Mar. 31, 2026 344,904 $ 12,302 $ (78,733) 369,896 0 41,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Shares issued - stock-based compensation (in shares)   1,303,000        
Shares issued - stock-based compensation 0 $ 130   (130)    
Stock-based compensation expense 1,661     1,661    
Treasury stock (in shares)     (370,000)      
Treasury stock (1,985)   $ (1,985)      
Dividend distributions (6,690)         (6,690)
Net income (loss) $ 42,445         42,445
Ending balance (in shares) at Jun. 30, 2026   124,321,000        
Treasury stock, ending balance (in shares) at Jun. 30, 2026 (19,128,959)   (19,129,000)      
Ending balance at Jun. 30, 2026 $ 380,335 $ 12,432 $ (80,718) $ 371,427 $ 0 $ 77,194