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EARNINGS (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2025
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, 2025 |  | Three Months Ended June 30, 2024
Net income (loss) | $ | 184,466 |  |  | $ | (26,212) |
Dividends on preferred stock | (804) |  |  | (1,095) |
Participating securities - preferred stock(1) | (20,622) |  |  | — |
Net income (loss) attributable to common stockholders | $ | 163,040 |  |  | $ | (27,307) |
Re-allocation of participating securities | 205 |  |  | — |
Diluted net (loss) income attributable to common stockholders | $ | 163,245 |  |  | $ | (27,307) |
Basic Shares | 17,707 |  |  | 18,144 |
Dilutive Shares | 17,907 |  |  | 18,144 |
Basic EPS | $ | 9.21 |  |  | $ | (1.51) |
Dilutive EPS | $ | 9.12 |  |  | $ | (1.51) |
_____________________ (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, 2025 |  | Six Months Ended June 30, 2024
Net income | $ | 184,002 |  |  | $ | 25,823 |
Dividends on preferred stock | (1,666) |  |  | (2,200) |
Participating securities - preferred stock(1) | (20,385) |  |  | (3,469) |
Net income attributable to common stockholders | $ | 161,951 |  |  | $ | 20,154 |
Re-allocation of participating securities | 217 |  |  | 64 |
Diluted net income attributable to common stockholders | $ | 162,168 |  |  | $ | 20,218 |
Basic Shares | 17,793 |  |  | 18,169 |
Dilutive Shares | 18,009 |  |  | 18,573 |
Basic EPS | $ | 9.10 |  |  | $ | 1.11 |
Dilutive EPS | $ | 9.01 |  |  | $ | 1.09 |
_____________________ (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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