Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2025

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 three and six months ended June 30, 2025 and 2024.

Table 21.1 – Basic and Diluted Earnings per Common Share

	Three Months Ended June 30,				Six Months Ended June 30,
(In Thousands, except Share Data)	2025		2024		2025		2024
Basic (Loss) Earnings per Common Share:
Net (loss) income (related) available to common stockholders	$	(100,249)	$	13,777	$	(85,852)	$	42,289
Less: Dividends and undistributed earnings allocated to participating securities	(1,413)		(985)		(2,825)		(2,028)
Net (loss) income allocated to common stockholders	$	(101,662)	$	12,792	$	(88,677)	$	40,261
Basic weighted average common shares outstanding	133,006,312		132,115,854		132,886,919		131,843,100
Basic (Loss) Earnings per Common Share	$	(0.76)	$	0.10	$	(0.67)	$	0.31
Diluted (Loss) Earnings per Common Share:
Net (loss) income (related) available to common stockholders	$	(100,249)	$	13,777	$	(85,852)	$	42,289
Less: Dividends and undistributed earnings allocated to participating securities	(1,413)		(985)		(2,825)		(2,028)
Net (loss) income allocated to common stockholders	$	(101,662)	$	12,792	$	(88,677)	$	40,261
Weighted average common shares outstanding	133,006,312		132,115,854		132,886,919		131,843,100
Net effect of dilutive equity awards	—		7,848		—		3,924
Diluted weighted average common shares outstanding	133,006,312		132,123,702		132,886,919		131,847,024
Diluted (Loss) Earnings per Common Share	$	(0.76)	$	0.10	$	(0.67)	$	0.31