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EARNINGS (LOSS) PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2025
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, 2025 |  | Three Months Ended March 31, 2024
Net (loss) income | $ | (464) |  |  | $ | 52,035 |
Dividends on preferred stock | (862) |  |  | (1,105) |
Participating securities - preferred stock(1) | — |  |  | (7,532) |
Net (loss) income attributable to common stockholders | $ | (1,326) |  |  | $ | 43,398 |
Re-allocation of participating securities | — |  |  | 143 |
Diluted net (loss) income attributable to common stockholders | $ | (1,326) |  |  | $ | 43,541 |
Basic Shares | 17,881 |  |  | 18,193 |
Dilutive Shares | 17,881 |  |  | 18,604 |
Basic EPS | $ | (0.07) |  |  | $ | 2.39 |
Dilutive EPS | $ | (0.07) |  |  | $ | 2.34 |
_____________________ (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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