XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2022 36,765,000        
Balance at Dec. 31, 2022 $ 368 $ 779,602 $ (341,207) $ 0 $ 438,763
Net income 0 0 3,530 0 3,530
Cash dividends declared $ 0 (18,807) 0 0 (18,807)
Stock based awards and amortization (in shares) 4,000        
Stock based awards and amortization $ 0 181   0 181
Issuance of common stock pursuant to public offerings, net (in shares) 2,690,000        
Issuance of common stock pursuant to public offerings, net $ 26 31,631 0 0 31,657
Shares repurchased and retired (in shares) (373,000)        
Shares repurchased and retired $ (3) (3,960) 0 0 (3,963)
Balances (in shares) at Mar. 31, 2023 39,086,000        
Balance at Mar. 31, 2023 $ 391 788,647 (337,677) 0 451,361
Balance (in shares) at Dec. 31, 2022 36,765,000        
Balance at Dec. 31, 2022 $ 368 779,602 (341,207) 0 438,763
Net income         13,779
Unrealized loss on available-for-sale securities         $ 0
Balances (in shares) at Jun. 30, 2023 43,897,000       43,897,000
Balance at Jun. 30, 2023 $ 439 817,074 (327,428) 0 $ 490,085
Balance (in shares) at Dec. 31, 2022 36,765,000        
Balance at Dec. 31, 2022 $ 368 779,602 (341,207) 0 $ 438,763
Issuance of common stock pursuant to public offerings, net (in shares) [1]         15,880,039
Issuance of common stock pursuant to public offerings, net [1],[2]         $ 159,438
Balances (in shares) at Dec. 31, 2023 51,636,000        
Balance at Dec. 31, 2023 $ 516 849,845 (380,433) 17 469,945
Balance (in shares) at Mar. 31, 2023 39,086,000        
Balance at Mar. 31, 2023 $ 391 788,647 (337,677) 0 451,361
Net income 0 0 10,249 0 10,249
Unrealized loss on available-for-sale securities         0
Cash dividends declared $ 0 (19,671) 0 0 (19,671)
Stock based awards and amortization (in shares) 53,000        
Stock based awards and amortization $ 1 790   0 791
Issuance of common stock pursuant to public offerings, net (in shares) 4,758,000        
Issuance of common stock pursuant to public offerings, net $ 47 47,308 0 0 $ 47,355
Balances (in shares) at Jun. 30, 2023 43,897,000       43,897,000
Balance at Jun. 30, 2023 $ 439 817,074 (327,428) 0 $ 490,085
Balance (in shares) at Dec. 31, 2023 51,636,000        
Balance at Dec. 31, 2023 $ 516 849,845 (380,433) 17 469,945
Net income 0 0 19,776 0 19,776
Unrealized loss on available-for-sale securities 0 0 0 (47) (47)
Cash dividends declared $ 0 (18,724) 0 0 (18,724)
Stock based awards and amortization (in shares) 33,000        
Stock based awards and amortization $ 0 350   0 350
Issuance of common stock pursuant to public offerings, net (in shares) 1,490,000        
Issuance of common stock pursuant to public offerings, net $ 15 13,094 0 0 13,109
Shares repurchased and retired (in shares) (333,000)        
Shares repurchased and retired $ (3) (2,775) 0 0 (2,778)
Balances (in shares) at Mar. 31, 2024 52,826,000        
Balance at Mar. 31, 2024 $ 528 841,790 (360,657) (30) 481,631
Balance (in shares) at Dec. 31, 2023 51,636,000        
Balance at Dec. 31, 2023 $ 516 849,845 (380,433) 17 469,945
Net income         14,797
Unrealized loss on available-for-sale securities         $ (10)
Issuance of common stock pursuant to public offerings, net (in shares) [1]         13,480,458
Issuance of common stock pursuant to public offerings, net [1],[2]         $ 113,807
Balances (in shares) at Jun. 30, 2024 64,824,000       64,824,000
Balance at Jun. 30, 2024 $ 648 920,913 (365,636) 7 $ 555,932
Balance (in shares) at Mar. 31, 2024 52,826,000        
Balance at Mar. 31, 2024 $ 528 841,790 (360,657) (30) 481,631
Net income 0 0 (4,979) 0 (4,979)
Unrealized loss on available-for-sale securities 0 0 0 37 37
Cash dividends declared $ 0 (21,690) 0 0 (21,690)
Stock based awards and amortization (in shares) 8,000        
Stock based awards and amortization $ 0 235   0 235
Issuance of common stock pursuant to public offerings, net (in shares) 11,990,000        
Issuance of common stock pursuant to public offerings, net $ 120 100,578 0 0 $ 100,698
Balances (in shares) at Jun. 30, 2024 64,824,000       64,824,000
Balance at Jun. 30, 2024 $ 648 $ 920,913 $ (365,636) $ 7 $ 555,932
[1] The Company has entered into eleven equity distribution agreements, ten of which have either been terminated because all shares were sold or were replaced with a subsequent agreement.
[2] Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs.