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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive (Loss)
Cumulative Earnings
Cumulative Distributions to Stockholders
Balance at beginning of period at Dec. 31, 2023 $ 1,202,693 $ 66,948 $ 1,315 $ 2,487,848 $ (57,957) $ 1,144,412 $ (2,439,873)
Balance at beginning of period (in shares) at Dec. 31, 2023     131,485,661        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income 45,796         45,796  
Other comprehensive income (loss) 10,625       10,625    
Employee stock purchase and incentive plans (in shares)     730,096        
Employee stock purchase and incentive plans (2,873)   $ 7 (2,880)      
Non-cash equity award compensation and other 12,250     12,250      
Preferred dividends declared (3,507)         (3,507)  
Common dividends declared [1] (44,246)           (44,246)
Balance at End of Period at Jun. 30, 2024 1,220,738 66,948 $ 1,322 2,497,218 (47,332) 1,186,701 (2,484,119)
Balance at end of period (in shares) at Jun. 30, 2024     132,215,757        
Balance at beginning of period at Mar. 31, 2024 1,224,163 66,948 $ 1,319 2,493,856 (48,901) 1,172,924 (2,461,983)
Balance at beginning of period (in shares) at Mar. 31, 2024     131,870,835        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income 15,534         15,534  
Other comprehensive income (loss) 1,569       1,569    
Employee stock purchase and incentive plans (in shares)     344,922        
Employee stock purchase and incentive plans (2,188)   $ 3 (2,191)      
Non-cash equity award compensation and other 5,553     5,553      
Preferred dividends declared (1,757)         (1,757)  
Common dividends declared [1] (22,136)           (22,136)
Balance at End of Period at Jun. 30, 2024 1,220,738 66,948 $ 1,322 2,497,218 (47,332) 1,186,701 (2,484,119)
Balance at end of period (in shares) at Jun. 30, 2024     132,215,757        
Balance at beginning of period at Dec. 31, 2024 $ 1,187,863 66,948 $ 1,325 2,504,029 (43,071) 1,191,401 (2,532,769)
Balance at beginning of period (in shares) at Dec. 31, 2024 132,519,579   132,519,579        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income $ (82,345)         (82,345)  
Other comprehensive income (loss) 4,014       4,014    
Employee stock purchase and incentive plans (in shares)     720,732        
Employee stock purchase and incentive plans (2,637)   $ 7 (2,644)      
Non-cash equity award compensation and other 9,733     9,733      
Share repurchases (in shares)     (1,560,795)        
Share repurchases (8,983)   $ (16) (8,967)      
Preferred dividends declared (3,507)         (3,507)  
Common dividends declared [1] (50,675)           (50,675)
Balance at End of Period at Jun. 30, 2025 $ 1,053,463 66,948 $ 1,316 2,502,151 (39,057) 1,105,549 (2,583,444)
Balance at end of period (in shares) at Jun. 30, 2025 131,679,516   131,679,516        
Balance at beginning of period at Mar. 31, 2025 $ 1,183,494 66,948 $ 1,330 2,506,877 (39,340) 1,205,798 (2,558,119)
Balance at beginning of period (in shares) at Mar. 31, 2025     133,005,314        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income (98,492)         (98,492)  
Other comprehensive income (loss) 283       283    
Employee stock purchase and incentive plans (in shares)     234,997        
Employee stock purchase and incentive plans (386)   $ 2 (388)      
Non-cash equity award compensation and other $ 4,629     4,629      
Share repurchases (in shares) 0   (1,560,795)        
Share repurchases $ (8,983)   $ (16) (8,967)      
Preferred dividends declared (1,757)         (1,757)  
Common dividends declared [1] (25,325)           (25,325)
Balance at End of Period at Jun. 30, 2025 $ 1,053,463 $ 66,948 $ 1,316 $ 2,502,151 $ (39,057) $ 1,105,549 $ (2,583,444)
Balance at end of period (in shares) at Jun. 30, 2025 131,679,516   131,679,516        
[1] ncludes dividends and dividend equivalents declared on common stock and stock-based compensation awards.