Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Income Per Share, Basic and Diluted

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net income (loss)	$	33,503	$	(141,354)	$	93,511	$	(113,491)
Less: preferred dividends and accretion	15,144		14,080		44,375		41,332
Net income (loss) to common shareholders	$	18,359	$	(155,434)	$	49,136	$	(154,823)
Basic:
Weighted average shares	152,727		151,923		152,465		151,691
Income (loss) per share	$	0.12	$	(1.02)	$	0.32	$	(1.02)
Diluted:
Effect of restricted stock and performance awards	1,363		—		885		—
Weighted average shares	154,090		151,923		153,350		151,691
Income (loss) per share	$	0.12	$	(1.02)	$	0.32	$	(1.02)