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EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

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

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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.

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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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