Capital Stock (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Earnings Per Share

EPS for the quarters and nine months ended September 30, 2024 and 2023 are computed as follows:

	For the Quarters Ended
	September 30, 2024		September 30, 2023
	(dollars in thousands, except share and per share data)
Numerator:
Net income (loss) available to common shareholders - Basic	$	113,672	$	(16,268)
Effect of dilutive securities:	—		—
Net income (loss) available to common shareholders - Diluted	$	113,672	$	(16,268)
Denominator:
Weighted average basic shares	80,810,861		75,578,214
Effect of dilutive securities	1,045,011		—
Weighted average dilutive shares	81,855,872		75,578,214
Net income (loss) per average share attributable to common stockholders - Basic	$	1.41	$	(0.22)
Net income (loss) per average share attributable to common stockholders - Diluted	$	1.39	$	(0.22)

	For the Nine Months Ended
	September 30, 2024		September 30, 2023
	(dollars in thousands, except share and per share data)
Numerator:
Net income (loss) available to common shareholders - Basic	$	258,602	$	40,248
Effect of dilutive securities:	—		—
Net income (loss) available to common shareholders - Diluted	$	258,602	$	40,248
Denominator:
Weighted average basic shares	80,753,709		76,699,956
Effect of dilutive securities	962,920		729,483
Weighted average dilutive shares	81,716,629		77,429,439
Net income (loss) per average share attributable to common stockholders - Basic	$	3.20	$	0.52
Net income (loss) per average share attributable to common stockholders - Diluted	$	3.16	$	0.52