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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, 2023 51,636,000        
Balance at Dec. 31, 2023 $ 516 $ 849,845 $ (380,433) $ 17 $ 469,945
Net (loss) income 0 0 19,776 0 19,776
Unrealized gain on available-for-sale securities       (47)  
Unrealized gain on available-for-sale securities         (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 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)
Balance (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 (loss) income         14,797
Unrealized gain on available-for-sale securities         $ (10)
Balance (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 Dec. 31, 2023 51,636,000        
Balance at Dec. 31, 2023 $ 516 849,845 (380,433) 17 $ 469,945
Issuance of common stock pursuant to public offerings, net (in shares) [1]         31,327,547
Issuance of common stock pursuant to public offerings, net [1],[2]         $ 259,328
Balance (in shares) at Dec. 31, 2024 82,622,000        
Balance at Dec. 31, 2024 $ 826 1,010,306 (342,771) 139 668,500
Balance (in shares) at Mar. 31, 2024 52,826,000        
Balance at Mar. 31, 2024 $ 528 841,790 (360,657) (30) 481,631
Net (loss) income 0 0 (4,979) 0 (4,979)
Unrealized gain on available-for-sale securities       37  
Unrealized gain on available-for-sale securities         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 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
Balance (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 Dec. 31, 2024 82,622,000        
Balance at Dec. 31, 2024 $ 826 1,010,306 (342,771) 139 668,500
Net (loss) income 0 0 17,122 0 17,122
Unrealized gain on available-for-sale securities       250  
Unrealized gain on available-for-sale securities         250
Cash dividends declared $ 0 (35,729) 0 0 (35,729)
Stock based awards and amortization (in shares) 23,000        
Stock based awards and amortization $ 0 313 0 0 313
Issuance of common stock pursuant to public offerings, net (in shares) 25,142,000        
Issuance of common stock pursuant to public offerings, net $ 252 205,172 0 0 205,424
Balance (in shares) at Mar. 31, 2025 107,787,000        
Balance at Mar. 31, 2025 $ 1,078 1,180,062 (325,649) 389 855,880
Balance (in shares) at Dec. 31, 2024 82,622,000        
Balance at Dec. 31, 2024 $ 826 1,010,306 (342,771) 139 668,500
Net (loss) income         (16,456)
Unrealized gain on available-for-sale securities         $ 186
Issuance of common stock pursuant to public offerings, net (in shares) [1]         45,026,250
Issuance of common stock pursuant to public offerings, net [1],[2]         $ 344,840
Balance (in shares) at Jun. 30, 2025 126,567,000       126,567,000
Balance at Jun. 30, 2025 $ 1,266 1,269,596 (359,227) 325 $ 911,960
Balance (in shares) at Mar. 31, 2025 107,787,000        
Balance at Mar. 31, 2025 $ 1,078 1,180,062 (325,649) 389 855,880
Net (loss) income 0 0 (33,578) 0 (33,578)
Unrealized gain on available-for-sale securities       (64)  
Unrealized gain on available-for-sale securities         (64)
Cash dividends declared $ 0 (42,635) 0 0 (42,635)
Stock based awards and amortization (in shares) 9,000        
Stock based awards and amortization $ 0 201 0 0 201
Issuance of common stock pursuant to public offerings, net (in shares) 19,884,000        
Issuance of common stock pursuant to public offerings, net $ 199 139,217 0 0 139,416
Shares repurchased and retired (in shares) (1,113,000)        
Shares repurchased and retired $ (11) (7,249) 0 0 $ (7,260)
Balance (in shares) at Jun. 30, 2025 126,567,000       126,567,000
Balance at Jun. 30, 2025 $ 1,266 $ 1,269,596 $ (359,227) $ 325 $ 911,960
[1] As of December 31, 2024, the Company had entered into twelve equity distribution agreements, eleven 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.