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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share The following tables set forth reconciliations of the basic and diluted earnings per share computations for the periods presented:
 

Years Ended December 31,
   

2023

  

2022

  

2021

Basic Earnings per Share

            

Net income

  

$

102,546

  

$

50,684

  

$

49,797

Add: Gain on repurchase of Series C Preferred Stock

  

 

7,966

  

 

—

  

 

—

Less: Income distributed to participating securities

  

 

(2,770)

  

 

(2,186)

  

 

(2,168)

Less: Undistributed income allocable to participating securities

  

 

(12,680)

  

 

(3,528)

  

 

(3,378)

Net income available to common stockholders—Basic EPS

  

$

95,062

  

$

44,970

  

$

44,251

Weighted average common shares (in thousands)

  

 

144,707

  

 

143,020

  

 

143,847

Basic earnings per share

  

$

0.66

  

$

0.31

  

$

0.31
 

Years Ended December 31,
   

2023

  

2022

  

2021

Diluted Earnings per Share

            

Net income available to common stockholders

  

$

95,062

  

$

44,970

  

$

44,251

Add back: Undistributed income allocable to participating securities

  

 

12,680

  

 

3,528

  

 

3,378

Less: Reallocation of undistributed income allocable to participating securities considered potentially dilutive

  

 

(12,449)

  

 

(3,522)

  

 

(3,353)

Net income available to common stockholders—Diluted EPS

  

$

95,293

  

$

44,976

  

$

44,276

Weighted Average Diluted Shares (in thousands):

  

 

    

 

    

 

  

Weighted average common shares

  

 

144,707

  

 

143,020

  

 

143,847

Dilutive effect of common stock equivalents, excluding participating securities

  

 

3,120

  

 

275

  

 

1,208

Weighted average diluted shares, excluding participating securities (in thousands)

  

 

147,827

  

 

143,295

  

 

145,055

Diluted earnings per share

  

$

0.64

  

$

0.31

  

$

0.31
Schedule of Weighted Average Number of Shares The following table reconciles weighted average diluted shares as reported on the Company’s Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021, which are determined pursuant to the treasury stock method, to the weighted average diluted shares used to calculate diluted earnings per share as disclosed in the table above:
 

Years Ended December 31,
   

2023

  

2022

  

2021

Reconciliation of Weighted Average Diluted Shares (in thousands)

            

Weighted average diluted shares as disclosed on the Consolidated Statements of Operations

  

170,413

  

158,914

  

161,263

Less: Participating securities:

            

Weighted average shares of common stock issuable upon conversion of the Series A Preferred Stock (Note 11)

  

(14,750)

  

(14,750)

  

(14,750)

Weighted average shares of common stock issuable upon conversion of the Series C Preferred Stock (Note 11)

  

(6,992)

  

—

  

—

Potentially dilutive restricted stock awards

  

(844)

  

(869)

  

(1,458)

Weighted average diluted shares used to calculate diluted earnings/(loss) per share as disclosed in the table above

  

147,827

  

143,295

  

145,055