v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Ordinary Shares
Preferred Shares
Ordinary Shares
Preferred Shares
Additional Paid In Capital
Additional Paid In Capital
Ordinary Shares
Additional Paid In Capital
Preferred Shares
(Accumulated Deficit) Retained Earnings
(Accumulated Deficit) Retained Earnings
Ordinary Shares
(Accumulated Deficit) Retained Earnings
Preferred Shares
Beginning balance at Dec. 31, 2024 $ 81,368     $ 1,026 $ 117 $ 153,328     $ (73,103)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 267,784               267,784    
Total comprehensive income 267,784               267,784    
Redemption of preferred shares (117,840)       (49) (117,791)          
Loss on redemption of preferred shares (6,327)         (6,327)          
Issuance of ordinary shares 913         913          
Dividends declared - ordinary and preferred shares   $ (61,534) $ (9,824)       $ (61,534) $ (9,824)      
Equity-based compensation 10,404         10,404          
Ending balance at Jun. 30, 2025 164,944     1,026 68 (30,831)     194,681    
Beginning balance at Dec. 31, 2024 81,368     1,026 117 153,328     (73,103)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 385,502                    
Ending balance at Sep. 30, 2025 252,464     1,026 68 (26,549)     277,919    
Beginning balance at Jun. 30, 2025 164,944     1,026 68 (30,831)     194,681    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 117,718               117,718    
Total comprehensive income 117,718               117,718    
Issuance of ordinary shares 124         124          
Dividends declared - ordinary and preferred shares   (30,771) (3,709)             $ (30,771) $ (3,709)
Equity-based compensation 5,655         5,655          
Net settlement on vesting of equity awards (1,497)         (1,497)          
Ending balance at Sep. 30, 2025 252,464     1,026 68 (26,549)     277,919    
Beginning balance at Dec. 31, 2025 334,174     1,026 68 50,567     282,513    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 262,993               262,993    
Total comprehensive income 262,993               262,993    
Redemption of preferred shares (101,693)       (42) (57,492)     (44,159)    
Loss on redemption of preferred shares (3,800)               (3,800)    
Issuance of ordinary shares 710         710          
Dividends declared - ordinary and preferred shares   (87,194) (7,418)             (87,194) (7,418)
Equity-based compensation 13,679         13,679          
Net settlement on vesting of equity awards (7,464)         (7,464)          
Ending balance at Jun. 30, 2026 403,987     1,026 26 0     402,935    
Beginning balance at Dec. 31, 2025 334,174     1,026 68 50,567     282,513    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 413,601                    
Ending balance at Sep. 30, 2026 433,356     1,024 26 0     432,306    
Beginning balance at Jun. 30, 2026 403,987     1,026 26 0     402,935    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 150,608               150,608    
Total comprehensive income 150,608               150,608    
Share repurchases (49,955)     (2)         (49,953)    
Dividends declared - ordinary and preferred shares   $ (51,360) $ (1,544)             $ (51,360) $ (1,544)
Equity-based compensation 7,767         7,767          
Net settlement on vesting of equity awards (26,147)         (7,767)     (18,380)    
Ending balance at Sep. 30, 2026 $ 433,356     $ 1,024 $ 26 $ 0     $ 432,306