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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Common Share
The following table provides the basic and diluted earnings per common share computations for the three and nine months ended September 30, 2024 and 2023.
Table 20.1 – Basic and Diluted Earnings per Common Share
Three Months Ended September 30,Nine Months Ended September 30,
(In Thousands, except Share Data)2024202320242023
Basic Earnings (Loss) per Common Share:
Net income (loss) available related) to common stockholders$13,076 $(32,560)$55,365 $(28,244)
Less: Dividends and undistributed earnings allocated to participating securities(1,088)(792)(3,116)(3,072)
Net income (loss) available (related) to common stockholders$11,988 $(33,352)$52,249 $(31,316)
Basic weighted average common shares outstanding132,218,180 115,465,977 131,969,039 114,381,548 
Basic Earnings (Loss) per Common Share$0.09 $(0.29)$0.40 $(0.27)
Diluted Earnings (Loss) per Common Share:
Net income (loss) available (related) to common stockholders$13,076 $(32,560)$55,365 $(28,244)
Less: Dividends and undistributed earnings allocated to participating securities(1,088)(792)(3,116)(3,072)
Net income (loss) available (related) to common stockholders$11,988 $(33,352)$52,249 $(31,316)
Weighted average common shares outstanding132,218,180 115,465,977 131,969,039 114,381,548 
Net effect of dilutive equity awards139,517 — 49,122 — 
Net effect of assumed convertible notes conversion to common shares— — — — 
Diluted weighted average common shares outstanding132,357,697 115,465,977 132,018,161 114,381,548 
Diluted Earnings (Loss) per Common Share$0.09 $(0.29)$0.40 $(0.27)