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INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2022 $ 838,784 $ 66,132 $ 354,495 $ 598,119 $ (179,962)
Balance (in shares) at Dec. 31, 2022   66,167,000      
Shares issued on grants of restricted shares   $ 35 (35)    
Shares issued on grants of restricted shares (in shares)   54,000      
Shares issued on grants of restricted share units   $ 50 (50)    
Shares issued on grants of restricted share units (in shares)   50,000      
Shares issued on grants of performance share units   $ 254 (254)    
Shares issued on grants of performance share units (in shares)   254,000      
Stock compensation expense 2,613   2,613    
Net loss (128,884)     (128,884)  
Dividends declared (9,971)     (9,971)  
Other comprehensive income (loss) 30,927       30,927
Balance at Jun. 30, 2023 733,469 $ 66,471 356,769 459,264 (149,035)
Balance (in shares) at Jun. 30, 2023   66,525,000      
Balance at Mar. 31, 2023 822,873 $ 66,386 355,467 562,559 (161,539)
Balance (in shares) at Mar. 31, 2023   66,421,000      
Shares issued on grants of restricted shares   $ 35 (35)    
Shares issued on grants of restricted shares (in shares)   54,000      
Shares issued on grants of restricted share units   $ 50 (50)    
Shares issued on grants of restricted share units (in shares)   50,000      
Stock compensation expense 1,387   1,387    
Net loss (98,306)     (98,306)  
Dividends declared (4,989)     (4,989)  
Other comprehensive income (loss) 12,504       12,504
Balance at Jun. 30, 2023 733,469 $ 66,471 356,769 459,264 (149,035)
Balance (in shares) at Jun. 30, 2023   66,525,000      
Balance at Dec. 31, 2023 $ 635,410 $ 66,471 359,497 336,113 (126,671)
Balance (in shares) at Dec. 31, 2023 66,525,000 66,525,000      
Dividends declared $ (5,014)        
Balance at Mar. 31, 2024 573,639 $ 66,796 360,941 314,396 (168,494)
Balance (in shares) at Mar. 31, 2024   66,850,000      
Balance at Dec. 31, 2023 $ 635,410 $ 66,471 359,497 336,113 (126,671)
Balance (in shares) at Dec. 31, 2023 66,525,000 66,525,000      
Shares issued on grants of restricted shares   $ 54 (54)    
Shares issued on grants of restricted shares (in shares)   21,000      
Shares issued on grants of performance share units   $ 325 (325)    
Shares issued on grants of performance share units (in shares)   325,000      
Stock compensation expense $ 3,195   3,195    
Net loss (84,289)     (84,289)  
Dividends declared (10,029)     (10,029)  
Disposal of investment in joint venture (4,181)       (4,181)
Other comprehensive income (loss) (52,437)       (52,437)
Balance at Jun. 30, 2024 $ 487,669 $ 66,850 362,313 241,795 (183,289)
Balance (in shares) at Jun. 30, 2024 66,871,000 66,871,000      
Balance at Mar. 31, 2024 $ 573,639 $ 66,796 360,941 314,396 (168,494)
Balance (in shares) at Mar. 31, 2024   66,850,000      
Shares issued on grants of restricted shares   $ 54 (54)    
Shares issued on grants of restricted shares (in shares)   21,000      
Stock compensation expense 1,426   1,426    
Net loss (67,586)     (67,586)  
Dividends declared (5,015)     (5,015)  
Other comprehensive income (loss) (14,795)       (14,795)
Balance at Jun. 30, 2024 $ 487,669 $ 66,850 $ 362,313 $ 241,795 $ (183,289)
Balance (in shares) at Jun. 30, 2024 66,871,000 66,871,000