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Changes in Equity | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity Note [Abstract] |
Changes in Equity | Changes in Equity A reconciliation of the changes in equity for the three and nine months ended September 30, 2025 and 2024 is provided below:
| Three Months Ended September 30, 2025
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - June 30, 2025 | $ | 52,743 |  | $ | 1,145,283 |  | $ | 17,397 |  | $ | (30,244) |  | $ | 54,640 |  | $ | 1,239,819 |
Net income | — |  | — |  | 3,631 |  | — |  | 15,217 |  | 18,848 |
Other comprehensive income (loss) | — |  | — |  | — |  | 306 |  | (574) |  | (268) |
Share-based compensation | — |  | 2,514 |  | — |  | — |  | — |  | 2,514 |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (7,500) |  | (7,500) |
Balance - September 30, 2025 | $ | 52,743 |  | $ | 1,147,797 |  | $ | 21,028 |  | $ | (29,938) |  | $ | 61,783 |  | $ | 1,253,413 |
| Nine Months Ended September 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 | — |  | — |  | 51,603 |  | — |  | 57,080 |  | 108,683 |
Other comprehensive income | — |  | — |  | — |  | 4,050 |  | 1,220 |  | 5,270 |
Share-based compensation | — |  | 6,365 |  | — |  | — |  | — |  | 6,365 |
Issuance of common stock, net | 257 |  | (5,368) |  | — |  | — |  | — |  | (5,111) |
Contributions from noncontrolling interests | — |  | — |  | — |  | — |  | 7,500 |  | 7,500 |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (27,900) |  | (27,900) |
Balance - September 30, 2025 | $ | 52,743 |  | $ | 1,147,797 |  | $ | 21,028 |  | $ | (29,938) |  | $ | 61,783 |  | $ | 1,253,413 |
| Three Months Ended September 30, 2024
(in thousands) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total Equity
Balance - June 30, 2024 | $ | 52,389 |  | $ | 1,148,074 |  | $ | 149,718 |  | $ | (40,226) |  | $ | 6,162 |  | $ | 1,316,117 |
Net income (loss) | — |  | — |  | (100,862) |  | — |  | 11,260 |  | (89,602) |
Other comprehensive income | — |  | — |  | — |  | 4,242 |  | 677 |  | 4,919 |
Share-based compensation | — |  | 1,230 |  | — |  | — |  | — |  | 1,230 |
Issuance of common stock, net | 46 |  | (1,108) |  | — |  | — |  | — |  | (1,062) |
Contributions from noncontrolling interests | — |  | — |  | — |  | — |  | 87 |  | 87 |
Balance - September 30, 2024 | $ | 52,435 |  | $ | 1,148,196 |  | $ | 48,856 |  | $ | (35,984) |  | $ | 18,186 |  | $ | 1,231,689 |
| Nine Months Ended September 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 (loss) | — |  | — |  | (84,290) |  | — |  | 38,159 |  | (46,131) |
Other comprehensive income | — |  | — |  | — |  | 3,803 |  | 17 |  | 3,820 |
Share-based compensation | — |  | 5,585 |  | — |  | — |  | — |  | 5,585 |
Issuance of common stock, net | 410 |  | (3,593) |  | — |  | — |  | — |  | (3,183) |
Contributions from noncontrolling interests | — |  | — |  | — |  | — |  | 87 |  | 87 |
Distributions to noncontrolling interests | — |  | — |  | — |  | — |  | (12,400) |  | (12,400) |
Balance - September 30, 2024 | $ | 52,435 |  | $ | 1,148,196 |  | $ | 48,856 |  | $ | (35,984) |  | $ | 18,186 |  | $ | 1,231,689 |

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