Annual report pursuant to Section 13 and 15(d)

Earnings Per Share - Earnings and Shares Basic and Diluted (Loss) Earnings Per Share (Details)

v3.25.0.1
Earnings Per Share - Earnings and Shares Basic and Diluted (Loss) Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Basic Earnings (Loss) Per Share:      
Net income (loss) $ 298,168 $ (106,371) $ 220,239
Dividends on preferred stock (47,136) (48,607) (53,607)
Gain on repurchase and retirement of preferred stock 644 2,973 20,149
Dividends and undistributed earnings allocated to participating restricted stock units (1,693) (1,220) (1,203)
Net income (loss) attributable to common stockholders $ 249,983 $ (153,225) $ 185,578
Basic weighted average common shares (in shares) 103,562,824 95,672,143 86,179,418
Basic earnings (loss) per weighted average common share (in dollars per share) $ 2.41 $ (1.60) $ 2.15
Diluted Earnings (Loss) Per Share:      
Net income (loss) attributable to common stockholders $ 249,983 $ (153,225) $ 185,578
Reallocation impact of undistributed earnings to participating restricted stock units (77) 0 0
Interest expense attributable to convertible notes 18,199 0 19,382
Net income (loss) attributable to common stockholders, diluted $ 268,105 $ (153,225) $ 204,960
Basic weighted average common shares (in shares) 103,562,824 95,672,143 86,179,418
Effect of dilutive shares issued in an assumed vesting of performance share units (in shares) 477,465 0 157,591
Effect of dilutive shares issued in an assumed conversion (in shares) 9,049,219 0 9,739,166
Diluted weighted average common shares (in shares) 113,089,508 95,672,143 96,076,175
Diluted earnings (loss) per weighted average common share (in dollars per share) $ 2.37 $ (1.60) $ 2.13