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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Three Months Ended September
30,
Nine Months Ended September
30,
2025
2024
2025
2024
Numerator:
Net (loss) income
$(61,014)
$6,356
$83,260
$163,950
Dividends on convertible preferred stock
(9,657)
(6,913)
(23,289)
(20,588)
Income allocated to participating preferred stock
(5,272)
(12,357)
Net (loss) income attributable to common
stockholders
$(70,671)
$(557)
$54,699
$131,005
Effect of dilutive securities:
Allocation of earnings to participating securities
$
$
$5,272
$12,357
Reallocation of earnings to participating securities
(5,082)
(12,154)
Net (loss) income available to common stockholders
after assumed conversions
$(70,671)
$(557)
$54,889
$131,208
Denominator:
Weighted average common shares outstanding, basic
257,778
233,696
250,325
233,219
Dilutive shares of common stock
2,476
4,261
Weighted average shares of common stock
outstanding, diluted
257,778
233,696
252,801
237,480
(Loss) earnings per share:
Basic
$(0.27)
$(0.00)
$0.22
$0.56
Diluted
$(0.27)
$(0.00)
$0.22
$0.55