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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024 |  | Three Months Ended September 30, 2023
Net (loss) income | $ | (13,967) |  |  | $ | 608,444 |
Dividends on preferred stock | (1,093) |  |  | (1,133) |
Participating securities - preferred stock(1) | — |  |  | (89,756) |
Net (loss) income attributable to common stockholders | $ | (15,060) |  |  | $ | 517,555 |
Re-allocation of participating securities | — |  |  | 1,147 |
Diluted net (loss) income attributable to common stockholders | $ | (15,060) |  |  | $ | 518,702 |
Basic Shares | 18,062 |  |  | 18,670 |
Dilutive Shares | 18,062 |  |  | 18,954 |
Basic EPS | $ | (0.83) |  |  | $ | 27.72 |
Dilutive EPS | $ | (0.83) |  |  | $ | 27.37 |
_____________________ (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.
| Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
Net income | $ | 11,856 |  |  | $ | 1,225,185 |
Dividends on preferred stock | (3,293) |  |  | (3,718) |
Participating securities - preferred stock(1) | (1,259) |  |  | (180,394) |
Net income attributable to common stockholders | $ | 7,304 |  |  | $ | 1,041,073 |
Re-allocation of participating securities | 20 |  |  | 2,043 |
Diluted net income attributable to common stockholders | $ | 7,324 |  |  | $ | 1,043,116 |
Basic Shares | 18,133 |  |  | 18,686 |
Dilutive Shares | 18,463 |  |  | 18,937 |
Basic EPS | $ | 0.40 |  |  | $ | 55.72 |
Dilutive EPS | $ | 0.40 |  |  | $ | 55.08 |
_____________________ (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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