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Earnings/(Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings/(Loss) Per Share
The following table sets forth the reconciliation of basic and diluted earnings/(loss) per share:

Year Ended December 31, 2023Year Ended December 31, 2022Year Ended December 31, 2021
(in thousands, except share and per share amounts)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)$614,622 $(97,024)$436,632 
Preferred stock dividends(41,700)(41,700)(28,473)
Net income/(loss) attributable to common stockholders$572,922 $(138,724)$408,159 
Denominator
Weighted-average common shares outstanding 111,005,088 111,626,508 114,050,578 
Basic earnings/(loss) per share $5.16 $(1.24)$3.58 
Diluted earnings per share:
Numerator
Net income/(loss) $614,622 $(97,024)$436,632 
Preferred stock dividends(41,700)(41,700)(28,473)
Net income/(loss) attributable to common stockholders$572,922 $(138,724)$408,159 
Denominator
Number of shares used in basic computation 111,005,088111,626,508114,050,578
Weighted-average effect of dilutive securities 433,501395,515
Number of shares used in per share computation 111,438,589111,626,508114,446,093
Diluted earnings/(loss) per share $5.14 $(1.24)$3.57