Earnings/(Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2024

The following table sets forth the reconciliation of basic and diluted earnings/(loss) per share:


	Year Ended December 31, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
	(in thousands, except share and per share amounts)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)	$	427,704	$	614,622	$	(97,024)
Preferred stock dividends	(55,631)		(41,700)		(41,700)
Net income/(loss) attributable to common stockholders	$	372,073	$	572,922	$	(138,724)
Denominator
Weighted-average common shares outstanding	111,325,481		111,005,088		111,626,508
Basic earnings/(loss) per share	$	3.34	$	5.16	$	(1.24)
Diluted earnings/(loss) per share:
Numerator
Net income/(loss)	$	427,704	$	614,622	$	(97,024)
Preferred stock dividends	(55,631)		(41,700)		(41,700)
Net income/(loss) attributable to common stockholders	$	372,073	$	572,922	$	(138,724)
Denominator
Number of shares used in basic computation	111,325,481		111,005,088		111,626,508
Weighted-average effect of dilutive securities	543,905		433,501		—
Number of shares used in per share computation	111,869,386		111,438,589		111,626,508
Diluted earnings/(loss) per share	$	3.33	$	5.14	$	(1.24)