Quarterly report [Sections 13 or 15(d)]

EARNINGS (LOSS) PER SHARE (Tables)

v3.26.1
EARNINGS (LOSS) PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the table below (in thousands):
Three Months Ended March 31, 2026 Three Months Ended March 31, 2025
Net income (loss) $ 165,822  $ (464)
Dividends on preferred stock —  (862)
Participating securities - preferred stock(1)
—  — 
Net income (loss) attributable to common stockholders $ 165,822  $ (1,326)
Re-allocation of participating securities —  — 
Diluted net income (loss) attributable to common stockholders $ 165,822  $ (1,326)
Basic Shares 18,554  17,881 
Dilutive Shares 18,695  17,881 
Basic EPS $ 8.94  $ (0.07)
Dilutive EPS $ 8.87  $ (0.07)
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(1)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses. The Company redeemed all outstanding preferred stock on September 5, 2025.