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EARNINGS (LOSS) PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Income (Loss) Per Share
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the tables below (in thousands):
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
Net (loss) income$(26,212)$93,687 
Dividends on preferred stock(1,095)(1,278)
Participating securities - preferred stock(1)
— (14,044)
Net (loss) income attributable to common stockholders$(27,307)$78,365 
Re-allocation of participating securities— 182 
Diluted net (loss) income attributable to common stockholders$(27,307)$78,547 
Basic Shares18,144 18,518 
Dilutive Shares18,144 18,805 
Basic EPS$(1.51)$4.23 
Dilutive EPS$(1.51)$4.18 
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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.
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
Net income$25,823 $616,741 
Dividends on preferred stock(2,200)(2,585)
Participating securities - preferred stock(1)
(3,469)(92,611)
Net income attributable to common stockholders$20,154 $521,545 
Re-allocation of participating securities64 1,008 
Diluted net income attributable to common stockholders$20,218 $522,553 
Basic Shares18,169 18,688 
Dilutive Shares18,573 18,930 
Basic EPS$1.11 $27.91 
Dilutive EPS$1.09 $27.60 
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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.