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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 (loss) 0 0 (66,353) 0 (66,353)
Unrealized gain on available-for-sale securities 0 0 0 16 16
Cash dividends declared $ 0 (62,301) 0 0 (62,301)
Stock based awards and amortization (in shares) 60,000        
Stock based awards and amortization $ 1 1,240   0 1,241
Issuance of common stock pursuant to public offerings, net (in shares) 15,880,000        
Issuance of common stock pursuant to public offerings, net $ 157 159,281 0 0 159,438
Shares repurchased and retired (in shares) (373,000)        
Shares repurchased and retired $ (3) (3,960) 0 0 $ (3,963)
Balance (in shares) at Sep. 30, 2023 52,332,000       52,332,000
Balance at Sep. 30, 2023 $ 523 873,862 (407,560) 16 $ 466,841
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
Balance (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 Jun. 30, 2023 43,897,000        
Balance at Jun. 30, 2023 $ 439 817,074 (327,428) 0 490,085
Net income (loss) 0 0 (80,132) 0 (80,132)
Unrealized gain on available-for-sale securities 0 0 0 16 16
Cash dividends declared $ 0 (23,823) 0 0 (23,823)
Stock based awards and amortization (in shares) 3,000        
Stock based awards and amortization $ 0 269   0 269
Issuance of common stock pursuant to public offerings, net (in shares) 8,432,000        
Issuance of common stock pursuant to public offerings, net $ 84 80,342 0 0 80,426
Shares repurchased and retired $ 0 0 0 0 $ 0
Balance (in shares) at Sep. 30, 2023 52,332,000       52,332,000
Balance at Sep. 30, 2023 $ 523 873,862 (407,560) 16 $ 466,841
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 (loss) 0 0 32,117 0 32,117
Unrealized gain on available-for-sale securities 0 0 0 38 38
Cash dividends declared $ 0 (67,301) 0 0 (67,301)
Stock based awards and amortization (in shares) 49,000        
Stock based awards and amortization $ 0 817   0 $ 817
Issuance of common stock pursuant to public offerings, net (in shares) 26,794,000       26,794,480 [1]
Issuance of common stock pursuant to public offerings, net $ 269 223,429 0 0 $ 223,698 [1],[2]
Shares repurchased and retired (in shares) (396,000)        
Shares repurchased and retired $ (4) (3,286) 0 0 $ (3,290)
Balance (in shares) at Sep. 30, 2024 78,083,000       78,083,000
Balance at Sep. 30, 2024 $ 781 1,003,504 (348,316) 55 $ 656,024
Balance (in shares) at Jun. 30, 2024 64,824,000        
Balance at Jun. 30, 2024 $ 648 920,913 (365,636) 7 555,932
Net income (loss) 0 0 17,320 0 17,320
Unrealized gain on available-for-sale securities 0 0 0 48 48
Cash dividends declared $ 0 (26,887) 0 0 (26,887)
Stock based awards and amortization (in shares) 8,000        
Stock based awards and amortization $ 0 232   0 232
Issuance of common stock pursuant to public offerings, net (in shares) 13,314,000        
Issuance of common stock pursuant to public offerings, net $ 134 109,757 0 0 109,891
Shares repurchased and retired (in shares) (63,000)        
Shares repurchased and retired $ (1) (511) 0 0 $ (512)
Balance (in shares) at Sep. 30, 2024 78,083,000       78,083,000
Balance at Sep. 30, 2024 $ 781 $ 1,003,504 $ (348,316) $ 55 $ 656,024
[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.