Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share values)	2023		2022		2023		2022
Net income (loss)	$	65,256	$	44,906	$	(17,827)	$	128,141
Preferred stock dividends	(10)		(10)		(30)		(30)
Net income (loss) attributable to common equity	65,246		44,896		(17,857)		128,111
Dividends and undistributed earnings allocated to participating securities	(8)		(8)		(16)		(21)
Net income (loss) attributable to common shareholders	65,238		44,888		(17,873)		128,090
Basic weighted-average shares outstanding	39,303		39,172		39,267		39,243
Stock-based compensation awards (a)	147		127		—		171
Diluted weighted-average shares outstanding	39,450		39,299		39,267		39,414
Antidilutive shares	—		—		154		—
Earnings (loss) per share:
Basic	$	1.66	$	1.15	$	(0.46)	$	3.26
Diluted	$	1.65	$	1.14	$	(0.46)	$	3.25
(a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equivalent to basic weighted-average shares outstanding.