v3.26.3
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total Shareholders' Equity
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 312,864 $ 31 $ 694,566 $ 782 $ (371,833) $ 323,546 $ (10,682)
Net income (loss) 8,387       8,789 8,789 (402)
Other comprehensive income (loss) (475)     (475)   (475)  
Dividends declared - common stock (37,123)       (37,123) (37,123)  
Issuance of shares of common stock associated with performance stock units net of shares withheld for tax (2,548)   (2,548)     (2,548)  
Distributions to noncontrolling interests (183)           (183)
Amortization of deferred compensation 2,156   2,156     2,156  
Compensation expense related to performance stock units 1,834   1,834     1,834  
Cancellation of shares of restricted common stock (1,150)   (1,150)     (1,150)  
Adjustment for noncontrolling interests     (3)     (3) 3
Ending balance at Mar. 31, 2025 283,762 31 694,855 307 (400,167) 295,026 (11,264)
Net income (loss) 2,158       2,759 2,759 (601)
Other comprehensive income (loss) (319)     (319)   (319)  
Dividends declared - common stock (12,374)       (12,374) (12,374)  
Distributions to noncontrolling interests (3)           (3)
Amortization of deferred compensation 2,308   2,308     2,308  
Compensation expense related to performance stock units 1,981   1,981     1,981  
Adjustment for noncontrolling interests     6     6 (6)
Ending balance at Jun. 30, 2025 277,513 31 699,150 (12) (409,782) 289,387 (11,874)
Net income (loss) 75,060       75,428 75,428 (368)
Other comprehensive income (loss) 418     418   418  
Dividends declared - common stock (13,877)       (13,877) (13,877)  
Distributions to noncontrolling interests (2)           (2)
Amortization of deferred compensation 2,314   2,314     2,314  
Compensation expense related to performance stock units 1,992   1,992     1,992  
Cancellation of shares of restricted common stock (63)   (63)     (63)  
Repurchases of common stock (4,157)   (4,157)     (4,157)  
Contributions from noncontrolling interests 1,362           1,362
Adjustment for noncontrolling interests     (1)     (1) 1
Ending balance at Sep. 30, 2025 340,560 31 699,235 406 (348,231) 351,441 (10,881)
Beginning balance at Dec. 31, 2025 364,674 30 687,424 443 (312,961) 374,936 (10,262)
Net income (loss) 46,385       46,487 46,487 (102)
Other comprehensive income (loss) (343)     (343)   (343)  
Dividends declared - common stock (19,339)       (19,339) (19,339)  
Issuance of shares of restricted common stock   1 (1)        
Issuance of shares of common stock associated with performance stock units net of shares withheld for tax (3,094)   (3,094)     (3,094)  
Distributions to noncontrolling interests (273)           (273)
Amortization of deferred compensation 1,700   1,700     1,700  
Compensation expense related to performance stock units 664   664     664  
Cancellation of shares of restricted common stock (1,699)   (1,699)     (1,699)  
Repurchases of common stock (1,336)   (1,336)     (1,336)  
Adjustment for noncontrolling interests     6     6 (6)
Ending balance at Mar. 31, 2026 387,339 31 683,664 100 (285,813) 397,982 (10,643)
Net income (loss) 46,321       46,444 46,444 (123)
Other comprehensive income (loss) (148)     (148)   (148)  
Dividends declared - common stock (19,341)       (19,341) (19,341)  
Distributions to noncontrolling interests (11)           (11)
Amortization of deferred compensation 1,727   1,727     1,727  
Compensation expense related to performance stock units 769   769     769  
Deconsolidation of investment 5,583           5,583
Adjustment for noncontrolling interests     3     3 (3)
Ending balance at Jun. 30, 2026 422,239 31 686,163 (48) (258,710) 427,436 (5,197)
Net income (loss) 11,845       11,793 11,793 52
Other comprehensive income (loss) (113)     (113)   (113)  
Dividends declared - common stock (19,339)       (19,339) (19,339)  
Distributions to noncontrolling interests (2)           (2)
Amortization of deferred compensation 1,738   1,738     1,738  
Compensation expense related to performance stock units 778   778     778  
Cancellation of shares of restricted common stock (107)   (107)     (107)  
Contributions from noncontrolling interests 750           750
Ending balance at Sep. 30, 2026 $ 417,789 $ 31 $ 688,572 $ (161) $ (266,256) $ 422,186 $ (4,397)