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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

A summary of the changes in stockholders’ equity for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands except per share amounts):

 

 

 

Common Stock

 

 

Accumulated
Other
Comprehensive

 

 

Additional
Paid-in

 

 

Dividends
Paid in Excess

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Income

 

 

Capital

 

 

of Earnings

 

 

Total

 

Balance, March 31, 2024

 

 

53,967

 

 

$

540

 

 

$

(1,573

)

 

$

1,053,510

 

 

$

(102,325

)

 

$

950,152

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,711

 

 

 

16,711

 

Accumulated other comprehensive income (loss)

 

 

 

 

 

 

 

 

522

 

 

 

 

 

 

 

 

 

522

 

Dividends declared — $0.45 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(25,047

)

 

 

(25,047

)

Shares issued pursuant to equity offering, net

 

 

 

 

 

 

 

 

 

 

 

(10

)

 

 

 

 

 

(10

)

Shares issued pursuant to ATM Program, net

 

 

218

 

 

 

2

 

 

 

 

 

 

7,269

 

 

 

 

 

 

7,271

 

Shares issued pursuant to dividend reinvestment

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

 

15

 

Stock-based compensation and settlements

 

 

 

 

 

 

 

 

 

 

 

1,420

 

 

 

 

 

 

1,420

 

Balance, June 30, 2024

 

 

54,185

 

 

$

542

 

 

$

(1,051

)

 

$

1,062,204

 

 

$

(110,661

)

 

$

951,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2023

 

 

53,953

 

 

$

540

 

 

 

(4,021

)

 

$

1,053,129

 

 

$

(94,096

)

 

$

955,552

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33,434

 

 

 

33,434

 

Accumulated other comprehensive income (loss)

 

 

 

 

 

 

 

 

2,970

 

 

 

 

 

 

 

 

 

2,970

 

Dividends declared — $0.90 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(49,999

)

 

 

(49,999

)

Shares issued pursuant to equity offering, net

 

 

 

 

 

 

 

 

 

 

 

(58

)

 

 

 

 

 

(58

)

Shares issued pursuant to ATM Program, net

 

 

218

 

 

 

2

 

 

 

 

 

 

7,203

 

 

 

 

 

 

7,205

 

Shares issued pursuant to dividend reinvestment

 

 

 

 

 

 

 

 

 

 

 

30

 

 

 

 

 

 

30

 

Stock-based compensation and settlements

 

 

14

 

 

 

 

 

 

 

 

 

1,900

 

 

 

 

 

 

1,900

 

Balance, June 30, 2024

 

 

54,185

 

 

$

542

 

 

$

(1,051

)

 

$

1,062,204

 

 

$

(110,661

)

 

$

951,034

 

 

 

 

 

Common Stock

 

 

Accumulated
Other
Comprehensive

 

 

Additional
Paid-in

 

 

Dividends
Paid In Excess

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Income

 

 

Capital

 

 

Of Earnings

 

 

Total

 

BALANCE, MARCH 31, 2023

 

 

49,493

 

 

$

495

 

 

$

 

 

$

905,557

 

 

$

(69,844

)

 

$

836,208

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,524

 

 

 

13,524

 

Dividends declared — $0.43 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22,262

)

 

 

(22,262

)

Shares issued pursuant to ATM Program, net

 

 

1,007

 

 

 

10

 

 

 

 

 

 

31,149

 

 

 

 

 

 

31,159

 

Shares issued pursuant to dividend reinvestment

 

 

1

 

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

13

 

Stock-based compensation/settlements

 

 

 

 

 

 

 

 

 

 

 

1,444

 

 

 

 

 

 

1,444

 

BALANCE, JUNE 30, 2023

 

 

50,501

 

 

$

505

 

 

$

 

 

$

938,163

 

 

$

(78,582

)

 

$

860,086

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, DECEMBER 31, 2022

 

 

46,735

 

 

$

467

 

 

$

 

 

$

822,340

 

 

$

(62,957

)

 

$

759,850

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27,606

 

 

 

27,606

 

Dividends declared — $0.86 per share

 

 

 

 

 

 

 

 

 

 

0

 

 

 

(43,231

)

 

 

(43,231

)

Shares issued pursuant to ATM Program, net

 

 

3,721

 

 

 

38

 

 

 

 

 

 

114,079

 

 

 

 

 

 

114,117

 

Shares issued pursuant to dividend reinvestment

 

 

1

 

 

 

 

 

 

 

 

 

28

 

 

 

 

 

 

28

 

Stock-based compensation/settlements

 

 

44

 

 

 

 

 

 

 

 

 

1,716

 

 

 

 

 

 

1,716

 

BALANCE, JUNE 30, 2023

 

 

50,501

 

 

$

505

 

 

$

 

 

$

938,163

 

 

$

(78,582

)

 

$

860,086