Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Income (Loss) Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted (loss) income per share (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net (loss) income	$	(141,354)	$	23,098	$	(113,491)	$	117,898
Less: preferred dividends and accretion	14,080		13,091		41,332		38,359
Net (loss) income to common shareholders	$	(155,434)	$	10,007	$	(154,823)	$	79,539
Basic:
Weighted average shares	151,923		151,068		151,691		150,865
(Loss) income per share	$	(1.02)	$	0.07	$	(1.02)	$	0.52
Diluted:
Effect of restricted stock and performance awards	—		1,255		—		1,219
Weighted average shares	151,923		152,323		151,691		152,083
Income per share	$	(1.02)	$	0.07	$	(1.02)	$	0.52