Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Common Stock Held in Reserve
Treasury Stock
Paid-in Capital
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022   19,097 62      
Beginning balance at Dec. 31, 2022 $ 828,835 $ 2 $ (1,996) $ (286) $ 449,243 $ 381,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 1,470,916         1,470,916
Conversion of preferred stock (in shares)   593        
Conversion of preferred stock 8,081       8,081  
Stock compensation 13,525       13,525  
Repurchase of common stock under Repurchase Program (in shares)   (1,470)        
Repurchase of common stock under Repurchase Program (151,626)     286 (151,912)  
Issuance of common stock upon vesting of share-based awards (in shares)   102        
Common stock withheld for income taxes on share-based awards (in shares)   (34)        
Common stock withheld for income taxes on share-based awards (3,207)       (3,207)  
Dividends on preferred stock (4,844)       (4)  
Dividends on preferred stock           (4,840)
Ending balance (in shares) at Dec. 31, 2023   18,288 62      
Ending 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) (261,386)         (261,386)
Conversion of preferred stock (in shares)   500        
Conversion of preferred stock 6,866       6,866  
Stock compensation 16,355       16,355  
Repurchase of common stock under Repurchase Program (in shares)   (1,203)        
Repurchase of common stock under Repurchase Program (186,271)       (186,271)  
Issuance of common stock held in reserve (in shares)     62      
Issuance of common stock held in reserve 1,996   $ 1,996      
Issuance of common stock upon vesting of share-based awards (in shares)   363        
Common stock withheld for income taxes on share-based awards (in shares)   (150)        
Common stock withheld for income taxes on share-based awards (23,614)       (23,614)  
Dividends on preferred stock $ (4,233)       (3) (4,230)
Ending balance (in shares) at Dec. 31, 2024 17,800 17,798 0      
Ending 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) 427,810         427,810
Conversion of preferred stock (in shares)   2,555        
Conversion of preferred stock 34,899       34,899  
Redemption of preferred stock (29,986)         (29,986)
Stock compensation 18,143       18,143  
Net cash payments on performance vesting restricted stock units (12,297)       (12,297)  
Repurchase of common stock under Repurchase Program (in shares)   (1,603)        
Repurchase of common stock under Repurchase Program (307,990)       (164,216) (143,774)
Issuance of common stock upon vesting of share-based awards (in shares)   91        
Common stock withheld for income taxes on share-based awards (in shares)   (31)        
Common stock withheld for income taxes on share-based awards (5,579)       (5,579)  
Dividends on preferred stock $ (1,675)       (9) (1,666)
Ending balance (in shares) at Dec. 31, 2025 18,800 18,810 0      
Ending balance at Dec. 31, 2025 $ 1,834,718 $ 2 $ 0 $ 0 $ 0 $ 1,834,716