Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

	Three Months Ended March 31,
(In thousands, except per share values)	2024		2023
Net income (loss)	$	58,139	$	(150,173)
Preferred stock dividends	(10)		(10)
Net income (loss) attributable to common equity	58,129		(150,183)
Dividends and undistributed earnings allocated to participating securities	(7)		—
Net income (loss) attributable to common shareholders	58,122		(150,183)
Basic weighted-average shares outstanding	39,360		39,224
Stock-based compensation awards (a)	196		—
Diluted weighted-average shares outstanding	39,556		39,224
Antidilutive shares	—		180
Earnings (loss) per share:
Basic	$	1.48	$	(3.83)
Diluted	$	1.47	$	(3.83)
(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.