XML 15 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Interim Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Series C Preferred Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance, value at Dec. 31, 2021 $ 365 $ 0 $ 0 $ 698,463 $ 13,498 $ 227 $ 712,553
Beginning balance,shares at Dec. 31, 2021 36,464,109 43,592          
Stock-based compensation expense (Note 10) $ 4 $ 0 0 3,426 0 0 3,430
Stock-based compensation expense (in shares) (Note 10) 447,283            
Other comprehensive income $ 0 0 0 0 0 17,283 17,283
Net Income for the period 0 0 0 0 70,190 0 70,190
Series B Preferred Shares dividend (Note 9) 0 0 0 0 (2,384) 0 (2,384)
Class A common shares dividend (Note 9) 0 0 0 0 (9,257) 0 (9,257)
Ending balance, value at Mar. 31, 2022 $ 369 $ 0 0 701,889 72,047 17,510 791,815
Ending balance, shares at Mar. 31, 2022 36,911,392 43,592          
Stock-based compensation expense (Note 10) $ 0 $ 0 0 2,231 0 0 2,231
Cancellation of Class A common shares (in shares) (Note 9) (184,684)            
Cancellation of Class A common shares (Note 9) $ (2) 0 0 (4,923) 0 0 (4,925)
Other comprehensive income 0 0 0 0 0 5,760 5,760
Net Income for the period 0 0 0 0 55,734 0 55,734
Series B Preferred Shares dividend (Note 9) 0 0 0 0 (2,384) 0 (2,384)
Class A common shares dividend (Note 9) 0 0 0 0 (13,836) 0 (13,836)
Ending balance, value at Jun. 30, 2022 $ 367 $ 0 0 699,196 111,562 23,270 834,395
Ending balance, shares at Jun. 30, 2022 36,726,708 43,592          
Beginning balance, value at Dec. 31, 2022 $ 359 $ 0 0 688,262 246,390 31,480 966,491
Beginning balance,shares at Dec. 31, 2022 35,990,288 43,592          
Stock-based compensation expense (Note 10) $ 1 $ 0 0 2,673 0 0 2,674
Cancellation of Class A common shares (in shares) (Note 9) (582,178)            
Cancellation of Class A common shares (Note 9) $ (6) 0 0 (9,982) 0 0 (9,988)
Issuance of Series B Preferred shares, net of offering costs (Note 9) $ 0 0 0 102 0 0 102
Stock-based compensation expense (in shares) (Note 10) 82,944            
Other comprehensive income $ 0 0 0 0 0 (7,182) (7,182)
Net Income for the period 0 0 0 0 74,604 0 74,604
Series B Preferred Shares dividend (Note 9) 0 0 0 0 (2,384) 0 (2,384)
Class A common shares dividend (Note 9) 0 0 0 0 (13,351) 0 (13,351)
Ending balance, value at Mar. 31, 2023 $ 354 $ 0 0 681,055 305,259 24,298 1,010,966
Ending balance, shares at Mar. 31, 2023 35,491,054 43,592          
Stock-based compensation expense (Note 10) $ 1 $ 0 0 2,504 0 0 2,505
Cancellation of Class A common shares (in shares) (Note 9) (385,064)            
Cancellation of Class A common shares (Note 9) $ (4) 0 0 (6,988) 0 0 (6,992)
Stock-based compensation expense (in shares) (Note 10) 59,924            
Other comprehensive income $ 0 0 0 0 0 3,711 3,711
Net Income for the period 0 0 0 0 77,776 0 77,776
Series B Preferred Shares dividend (Note 9) 0 0 0 0 (2,384) 0 (2,384)
Class A common shares dividend (Note 9) 0 0 0 0 (13,340) 0 (13,340)
Ending balance, value at Jun. 30, 2023 $ 351 $ 0 $ 0 $ 676,571 $ 367,311 $ 28,009 $ 1,072,242
Ending balance, shares at Jun. 30, 2023 35,165,914 43,592