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Earnings Per Share and Equity Transactions
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share and Equity Transactions Earnings Per Share and Equity Transactions
Basic earnings per share ("EPS") is computed by dividing net income or loss attributed to common shares by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that may occur from awards issued pursuant to stock-based compensation plans.
The following table reconciles the amounts used in calculating basic and diluted EPS:
Three months ended June 30Six months ended June 30
2025202420252024
Numerator:
Net income attributed to common shares - basic and diluted$95,942 $1,498 $102,734 $4,398 
Denominator:
Weighted average common shares outstanding - basic77,591,538 67,900,275 77,577,831 67,887,402 
Dilutive effect of unvested restricted shares700,884 426,988 648,850 412,255 
Weighted average common shares outstanding - diluted78,292,422 68,327,263 78,226,681 68,299,657 
Basic and diluted earnings per common share:
Net income per common share - basic$1.24 $0.02 $1.32 $0.06 
Net income per common share - diluted$1.23 $0.02 $1.31 $0.06 

ATM Program
On March 7, 2022, the Company established an at-the-market equity offering program (the "ATM Program") through which the Company may sell from time to time up to an aggregate of $250.0 million of its common stock. In connection with the ATM Program, the Company may sell shares of its common stock to or through sales agents, or may enter into separate forward sale agreements with one of the agents, or one of their respective affiliates, as a forward purchaser. During the six months ended June 30, 2025 and 2024, no shares were issued under the ATM Program. As of June 30, 2025, $236.7 million of common stock remains available for issuance under the ATM Program.
Share Repurchase Program
On February 23, 2022, the Company established a share repurchase program (the "SRP") of up to $150.0 million of the Company's outstanding shares of common stock. The SRP may be suspended or discontinued at any time, and does not obligate the Company to repurchase any dollar amount or particular amount of shares. As of June 30, 2025, the Company has not repurchased any common stock under the SRP.