Stockholders' Equity

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS' EQUITY

Common Stock

The following table provides a reconciliation of the beginning and ending common stock balances for the nine months ended September 30, 2023 and for the year ended December 31, 2022:

(In thousands)	Nine Months Ended September 30, 2023	Year Ended December 31, 2022
Balance, beginning of period	25,897	24,983
Issuance of common stock	1,037	600
Restricted stock issued	361	318
Restricted stock withheld and forfeited	(30)	(4)
Balance, end of period	27,265	25,897

ATM Program

The Company has an at-the-market offering program ("ATM Program"), with Piper Sandler & Co., Evercore Group L.L.C., Truist Securities, Inc., Regions Securities LLC, Robert W. Baird & Co. Incorporated, Fifth Third Securities, Inc. and Janney Montgomery Scott LLC, as sales agents (collectively, the “Agents”). Under the ATM Program, the Company may issue and sell shares of its common stock, having an aggregate gross sales price of up to $500.0 million. The shares of common stock may be sold from time to time through or to one or more of the Agents, as may be determined by the Company in its sole discretion, subject to the terms and conditions of the agreement and applicable law.

The Company's activity under the ATM Program during the nine months ended September 30, 2023 is detailed in the table below. As of September 30, 2023, the Company had approximately $443.6 million remaining that may be issued under the ATM Program.

	Three Months Ended September 30, 2023	Nine Months Ended September 30, 2023
Shares issued (in thousands)	552	1,037
Net proceeds received (in millions)	$17.8	$34.8
Average gross sales price per share	$32.93	$34.18