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EARNINGS (LOSS) PER SHARE (Tables)
 9 Months Ended
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, 2024Three 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)$518,702 
Basic Shares18,062 18,670 
Dilutive Shares18,062 18,954 
Basic EPS$(0.83)$27.72 
Dilutive EPS$(0.83)$27.37 
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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.
Nine Months Ended September 30, 2024Nine 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 securities20 2,043 
Diluted net income attributable to common stockholders$7,324 $1,043,116 
Basic Shares18,133 18,686 
Dilutive Shares18,463 18,937 
Basic EPS$0.40 $55.72 
Dilutive EPS$0.40 $55.08 
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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.