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Changes in Equity | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Changes in Equity | Changes in Equity A reconciliation of the changes in equity for the three and six months ended June 30, 2025 and 2024 is provided below:
| Three Months Ended June 30, 2025
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - March 31, 2025 | $ | 52,703 |  | $ | 1,142,299 |  | $ | (2,577) |  | $ | (32,190) |  | $ | 27,362 |  | $ | 1,187,597 |
Net income | — |  | — |  | 19,974 |  | — |  | 27,112 |  | 47,086 |
Other comprehensive income | — |  | — |  | — |  | 1,946 |  | 1,316 |  | 3,262 |
Share-based compensation | — |  | 2,984 |  | — |  | — |  | — |  | 2,984 |
Issuance of common stock, net | 40 |  | — |  | — |  | — |  | — |  | 40 |
Contributions from noncontrolling interests | — |  | — |  | — |  | — |  | 7,500 |  | 7,500 |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (8,650) |  | (8,650) |
Balance - June 30, 2025 | $ | 52,743 |  | $ | 1,145,283 |  | $ | 17,397 |  | $ | (30,244) |  | $ | 54,640 |  | $ | 1,239,819 |
| Six Months Ended June 30, 2025
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - December 31, 2024 | $ | 52,486 |  | $ | 1,146,800 |  | $ | (30,575) |  | $ | (33,988) |  | $ | 23,883 |  | $ | 1,158,606 |
Net income | — |  | — |  | 47,972 |  | — |  | 41,863 |  | 89,835 |
Other comprehensive income | — |  | — |  | — |  | 3,744 |  | 1,794 |  | 5,538 |
Share-based compensation | — |  | 3,851 |  | — |  | — |  | — |  | 3,851 |
Issuance of common stock, net | 257 |  | (5,368) |  | — |  | — |  | — |  | (5,111) |
Contributions from noncontrolling interests | — |  | — |  | — |  | — |  | 7,500 |  | 7,500 |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (20,400) |  | (20,400) |
Balance - June 30, 2025 | $ | 52,743 |  | $ | 1,145,283 |  | $ | 17,397 |  | $ | (30,244) |  | $ | 54,640 |  | $ | 1,239,819 |
| Three Months Ended June 30, 2024
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - March 31, 2024 | $ | 52,284 |  | $ | 1,146,008 |  | $ | 148,906 |  | $ | (40,162) |  | $ | (3,802) |  | $ | 1,303,234 |
Net income | — |  | — |  | 812 |  | — |  | 15,157 |  | 15,969 |
Other comprehensive loss | — |  | — |  | — |  | (64) |  | (193) |  | (257) |
Share-based compensation | — |  | 2,852 |  | — |  | — |  | — |  | 2,852 |
Issuance of common stock, net | 105 |  | (786) |  | — |  | — |  | — |  | (681) |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (5,000) |  | (5,000) |
Balance - June 30, 2024 | $ | 52,389 |  | $ | 1,148,074 |  | $ | 149,718 |  | $ | (40,226) |  | $ | 6,162 |  | $ | 1,316,117 |
| Six Months Ended June 30, 2024
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - December 31, 2023 | $ | 52,025 |  | $ | 1,146,204 |  | $ | 133,146 |  | $ | (39,787) |  | $ | (7,677) |  | $ | 1,283,911 |
Net income | — |  | — |  | 16,572 |  | — |  | 26,899 |  | 43,471 |
Other comprehensive loss | — |  | — |  | — |  | (439) |  | (660) |  | (1,099) |
Share-based compensation | — |  | 4,355 |  | — |  | — |  | — |  | 4,355 |
Issuance of common stock, net | 364 |  | (2,485) |  | — |  | — |  | — |  | (2,121) |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (12,400) |  | (12,400) |
Balance - June 30, 2024 | $ | 52,389 |  | $ | 1,148,074 |  | $ | 149,718 |  | $ | (40,226) |  | $ | 6,162 |  | $ | 1,316,117 |

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