Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Common Share

The following table provides the basic and diluted earnings per common share computations for the years ended December 31, 2024, 2023, and 2022.

Table 20.1 – Basic and Diluted Earnings per Common Share

	Years Ended December 31,
(In Thousands, except Share Data)	2024		2023		2022
Basic Earnings (Loss) per Common Share:
Net income (loss) available (related) to common stockholders	$	46,989	$	(8,958)	$	(163,520)
Less: Dividends and undistributed earnings allocated to participating securities	(4,391)		(3,999)		(4,335)
Net income (loss) available (related) to common stockholders	$	42,598	$	(12,957)	$	(167,855)
Basic weighted average common shares outstanding	132,050,825		116,283,328		117,227,846
Basic Earnings (Loss) per Common Share	$	0.32	$	(0.11)	$	(1.43)
Diluted Earnings (Loss) per Common Share:
Net income (loss) available (related) to common stockholders	$	46,989	$	(8,958)	$	(163,520)
Less: Dividends and undistributed earnings allocated to participating securities	(4,391)		(3,999)		(4,335)
Net income (loss) available (related) to common stockholders	$	42,598	$	(12,957)	$	(167,855)
Weighted average common shares outstanding	132,050,825		116,283,328		117,227,846
Net effect of dilutive equity awards	88,609		—		—
Net effect of assumed convertible notes conversion to common shares	—		—		—
Diluted weighted average common shares outstanding	132,139,434		116,283,328		117,227,846
Diluted Earnings (Loss) per Common Share	$	0.32	$	(0.11)	$	(1.43)