CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands |
Total |
Common Stock |
Common Stock Held in Reserve |
Treasury Stock |
Paid-in Capital |
Retained Earnings |
| Beginning balance (in shares) at Dec. 31, 2023 |
|
18,288,000
|
62,000
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 2,161,680
|
$ 2
|
$ (1,996)
|
$ 0
|
$ 315,726
|
$ 1,847,948
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ 52,035
|
|
|
|
|
52,035
|
| Conversion of preferred stock (in shares) |
(11)
|
1,000
|
|
|
|
|
| Conversion of preferred stock |
$ 11
|
|
|
|
11
|
|
| Stock compensation |
3,587
|
|
|
|
3,587
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(210,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(29,788)
|
|
|
|
(29,788)
|
|
| Issuance of common stock held in reserve (in shares) |
|
|
62,000
|
|
|
|
| Issuance of common stock held in reserve |
1,996
|
|
$ 1,996
|
|
|
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
18,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(8,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(1,086)
|
|
|
|
(1,086)
|
|
| Dividends on preferred stock |
(1,105)
|
|
|
|
|
(1,105)
|
| Ending balance (in shares) at Mar. 31, 2024 |
|
18,089,000
|
0
|
|
|
|
| Ending balance at Mar. 31, 2024 |
2,187,330
|
$ 2
|
$ 0
|
0
|
288,450
|
1,898,878
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
18,288,000
|
62,000
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
2,161,680
|
$ 2
|
$ (1,996)
|
0
|
315,726
|
1,847,948
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
11,856
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2024 |
|
17,825,000
|
0
|
|
|
|
| Ending balance at Sep. 30, 2024 |
2,056,240
|
$ 2
|
$ 0
|
(469)
|
200,196
|
1,856,511
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
18,089,000
|
0
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
2,187,330
|
$ 2
|
$ 0
|
0
|
288,450
|
1,898,878
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ (26,212)
|
|
|
|
|
(26,212)
|
| Conversion of preferred stock (in shares) |
(415)
|
30,000
|
|
|
|
|
| Conversion of preferred stock |
$ 415
|
|
|
|
415
|
|
| Stock compensation |
4,990
|
|
|
|
4,990
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(156,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(25,017)
|
|
|
(698)
|
(24,319)
|
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
303,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(129,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(20,498)
|
|
|
|
(20,498)
|
|
| Dividends on preferred stock |
(1,095)
|
|
|
|
|
(1,095)
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
18,137,000
|
0
|
|
|
|
| Ending balance at Jun. 30, 2024 |
2,119,913
|
$ 2
|
$ 0
|
(698)
|
249,038
|
1,871,571
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ (13,967)
|
|
|
|
|
(13,967)
|
| Conversion of preferred stock (in shares) |
(43)
|
3,000
|
|
|
|
|
| Conversion of preferred stock |
$ 43
|
|
|
|
43
|
|
| Stock compensation |
3,975
|
|
|
|
3,975
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(343,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(50,609)
|
|
|
229
|
(50,838)
|
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
41,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(13,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(2,022)
|
|
|
|
(2,022)
|
|
| Dividends on preferred stock |
(1,093)
|
|
|
|
|
(1,093)
|
| Ending balance (in shares) at Sep. 30, 2024 |
|
17,825,000
|
0
|
|
|
|
| Ending balance at Sep. 30, 2024 |
$ 2,056,240
|
$ 2
|
$ 0
|
(469)
|
200,196
|
1,856,511
|
| Beginning balance (in shares) at Dec. 31, 2024 |
17,800,000
|
17,798,000
|
0
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,711,393
|
$ 2
|
$ 0
|
0
|
129,059
|
1,582,332
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ (464)
|
|
|
|
|
(464)
|
| Conversion of preferred stock (in shares) |
(4,461)
|
324,000
|
|
|
|
|
| Conversion of preferred stock |
$ 4,461
|
|
|
|
4,461
|
|
| Stock compensation |
4,538
|
|
|
|
4,538
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(329,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(60,601)
|
|
|
(2,192)
|
(58,409)
|
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
40,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(17,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(2,962)
|
|
|
|
(2,962)
|
|
| Dividends on preferred stock |
(866)
|
|
|
|
(4)
|
(862)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
17,816,000
|
0
|
|
|
|
| Ending balance at Mar. 31, 2025 |
$ 1,655,499
|
$ 2
|
$ 0
|
(2,192)
|
76,683
|
1,581,006
|
| Beginning balance (in shares) at Dec. 31, 2024 |
17,800,000
|
17,798,000
|
0
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 1,711,393
|
$ 2
|
$ 0
|
0
|
129,059
|
1,582,332
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
295,395
|
|
|
|
|
|
| Redemption of preferred stock |
$ (31,300)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
19,500,000
|
19,485,000
|
0
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 1,834,309
|
$ 2
|
$ 0
|
(1,939)
|
3,101
|
1,833,145
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
17,816,000
|
0
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
1,655,499
|
$ 2
|
$ 0
|
(2,192)
|
76,683
|
1,581,006
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ 184,466
|
|
|
|
|
184,466
|
| Conversion of preferred stock (in shares) |
(1,531)
|
113,000
|
|
|
|
|
| Conversion of preferred stock |
$ 1,531
|
|
|
|
1,531
|
|
| Stock compensation |
4,870
|
|
|
|
4,870
|
|
| Net cash payments on performance vesting restricted stock units |
(12,297)
|
|
|
|
(12,297)
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(348,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(65,317)
|
|
|
1,692
|
(67,009)
|
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
39,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(12,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(2,266)
|
|
|
|
(2,266)
|
|
| Dividends on preferred stock |
(807)
|
|
|
|
(3)
|
(804)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
17,608,000
|
0
|
|
|
|
| Ending balance at Jun. 30, 2025 |
1,765,679
|
$ 2
|
$ 0
|
(500)
|
1,509
|
1,764,668
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income (loss) |
$ 111,393
|
|
|
|
|
111,393
|
| Conversion of preferred stock (in shares) |
(28,907)
|
2,118,000
|
|
|
|
|
| Conversion of preferred stock |
$ 28,907
|
|
|
|
28,907
|
|
| Redemption of preferred stock |
(29,986)
|
|
|
|
(29,986)
|
|
| Stock compensation |
4,391
|
|
|
|
4,391
|
|
| Repurchase of common stock under Repurchase Program (in shares) |
|
(250,000)
|
|
|
|
|
| Repurchase of common stock under Repurchase Program |
(45,725)
|
|
|
(1,439)
|
(31,356)
|
(12,930)
|
| Issuance of common stock upon vesting of share-based awards (in shares) |
|
11,000
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards (in shares) |
|
(2,000)
|
|
|
|
|
| Common stock withheld for income taxes on share-based awards |
(348)
|
|
|
|
(348)
|
|
| Dividends on preferred stock |
$ (2)
|
|
|
|
(2)
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
19,500,000
|
19,485,000
|
0
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 1,834,309
|
$ 2
|
$ 0
|
$ (1,939)
|
$ 3,101
|
$ 1,833,145
|