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EARNINGS PER SHARE (Tables)

3 Months Ended

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

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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.

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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

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