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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings (Loss) Per Share | Reconciliations of the components of basic and diluted net income per common share are presented in the table below (in thousands):
| Three Months Ended March 31, 2024 |  | Three Months Ended March 31, 2023
Net income | $ | 52,035 |  |  | $ | 523,054 |
Dividends on preferred stock | (1,105) |  |  | (1,307) |
Participating securities - preferred stock(1) | (7,532) |  |  | (86,221) |
Net income attributable to common stockholders | $ | 43,398 |  |  | $ | 435,526 |
Re-allocation of participating securities | 143 |  |  | 684 |
Diluted net income attributable to common stockholders | $ | 43,541 |  |  | $ | 436,210 |
Basic Shares | 18,193 |  |  | 18,868 |
Dilutive Shares | 18,604 |  |  | 19,049 |
Basic EPS | $ | 2.39 |  |  | $ | 23.08 |
Dilutive EPS | $ | 2.34 |  |  | $ | 22.90 |
_____________________ (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.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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