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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

 

Three Months

 

 

Six Months

 

 

Ended June 30,

 

 

Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerators  Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

46,504

 

 

$

229,830

 

 

$

49,589

 

 

$

196,847

 

Preferred dividends

 

 

 

 

(2,789

)

 

 

 

 

 

(5,578

)

Earnings attributable to unvested shares

 

(386

)

 

 

(138

)

 

 

(386

)

 

 

(269

)

Net income attributable to common shareholders after
   allocation to participating securities

 

46,118

 

 

 

226,903

 

 

 

49,203

 

 

 

191,000

 

Discontinued Operations:

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations

 

 

 

 

8,415

 

 

 

 

 

 

17,846

 

Total

$

46,118

 

 

$

235,318

 

 

$

49,203

 

 

$

208,846

 

Denominators  Number of Shares

 

 

 

 

 

 

 

 

 

 

 

BasicAverage shares outstanding

 

52,445

 

 

 

52,388

 

 

 

52,440

 

 

 

52,371

 

Assumed conversion of dilutive securities—PRSUs

 

 

 

 

439

 

 

 

 

 

 

192

 

DilutedAverage shares outstanding

 

52,445

 

 

 

52,827

 

 

 

52,440

 

 

 

52,563

 

Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.88

 

 

$

4.33

 

 

$

0.94

 

 

$

3.65

 

From discontinued operations

 

 

 

 

0.16

 

 

 

 

 

 

0.34

 

Total

$

0.88

 

 

$

4.49

 

 

$

0.94

 

 

$

3.99

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

$

0.88

 

 

$

4.29

 

 

$

0.94

 

 

$

3.63

 

From discontinued operations

 

 

 

 

0.16

 

 

 

 

 

 

0.34

 

Total

$

0.88

 

 

$

4.45

 

 

$

0.94

 

 

$

3.97