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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interest
Total
Beginning Balance at Dec. 31, 2022 $ 270,028 $ 358,344 $ 2,430 $ 20,307 $ 651,109
Beginning Balance (in shares) at Dec. 31, 2022 58,335,541        
Increase (Decrease) in Stockholders' Equity          
Capital contributions from non-controlling interest       739 739
Capital distributions to non-controlling interest       (2,094) (2,094)
Issuance of restricted stock, net of forfeitures (in shares) 36,499        
Stock based compensation expense $ 367       367
Dividends   (11,674)     (11,674)
Other comprehensive income (loss), net of tax     47 (100) (53)
Net income (loss)   45,117   (1,801) 43,316
Ending Balance at Jun. 30, 2023 $ 270,395 391,787 2,477 17,051 681,710
Ending Balance (in shares) at Jun. 30, 2023 58,372,040        
Beginning Balance at Mar. 31, 2023 $ 270,169 362,897 2,073 17,244 652,383
Beginning Balance (in shares) at Mar. 31, 2023 58,372,040        
Increase (Decrease) in Stockholders' Equity          
Capital contributions from non-controlling interest       525 525
Stock based compensation expense $ 226       226
Dividends   (5,837)     (5,837)
Other comprehensive income (loss), net of tax     404 173 577
Net income (loss)   34,727   (891) 33,836
Ending Balance at Jun. 30, 2023 $ 270,395 391,787 2,477 17,051 681,710
Ending Balance (in shares) at Jun. 30, 2023 58,372,040        
Beginning Balance at Dec. 31, 2023 $ 270,848 410,371 1,843 15,428 $ 698,490
Beginning Balance (in shares) at Dec. 31, 2023 58,372,040       58,372,040
Increase (Decrease) in Stockholders' Equity          
Capital distributions to non-controlling interest       (389) $ (389)
Issuance of restricted stock, net of forfeitures (in shares) 25,466        
Stock based compensation expense $ 555       555
Dividends   (14,014)     (14,014)
Other comprehensive income (loss), net of tax     82 36 118
Net income (loss)   38,433   (807) 37,626
Ending Balance at Jun. 30, 2024 $ 271,403 434,790 1,925 14,268 $ 722,386
Ending Balance (in shares) at Jun. 30, 2024 58,397,506       58,397,506
Beginning Balance at Mar. 31, 2024 $ 271,079 417,280 2,041 14,470 $ 704,870
Beginning Balance (in shares) at Mar. 31, 2024 58,397,506        
Increase (Decrease) in Stockholders' Equity          
Capital distributions to non-controlling interest       (150) (150)
Stock based compensation expense $ 324       324
Dividends   (7,008)     (7,008)
Other comprehensive income (loss), net of tax     (116) (58) (174)
Net income (loss)   24,518   6 24,524
Ending Balance at Jun. 30, 2024 $ 271,403 $ 434,790 $ 1,925 $ 14,268 $ 722,386
Ending Balance (in shares) at Jun. 30, 2024 58,397,506       58,397,506