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

Earnings Per Share (Details)

v3.25.4
Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Basic (Loss) Earnings Per Share:      
Net (loss) income $ (454,300) $ 298,168 $ (106,371)
Dividends on preferred stock (52,791) (47,136) (48,607)
Gain on repurchase and retirement of preferred stock 0 644 2,973
Dividends and undistributed earnings allocated to participating restricted stock units (1,309) (1,693) (1,220)
Net (loss) income attributable to common stockholders $ (508,400) $ 249,983 $ (153,225)
Basic weighted average common shares (in shares) 104,111,993 103,562,824 95,672,143
Basic (loss) earnings per weighted average common share (in usd per share) $ (4.88) $ 2.41 $ (1.60)
Diluted (Loss) Earnings Per Share:      
Net (loss) income attributable to common stockholders $ (508,400) $ 249,983 $ (153,225)
Reallocation impact of undistributed earnings to participating restricted stock units 0 (77) 0
Interest expense attributable to convertible notes 0 18,199 0
Net (loss) income attributable to common stockholders, diluted $ (508,400) $ 268,105 $ (153,225)
Basic weighted average common shares (in shares) 104,111,993 103,562,824 95,672,143
Effect of dilutive shares issued in an assumed vesting of performance share units (in shares) 0 477,465 0
Effect of dilutive shares issued in an assumed conversion (in shares) 0 9,049,219 0
Diluted weighted average common shares (in shares) 104,111,993 113,089,508 95,672,143
Diluted (loss) earnings per weighted average common share (in usd per share) $ (4.88) $ 2.37 $ (1.60)