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Earnings per share (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Share | The following table presents the basic and diluted earnings per share computations for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31, |  |
(in thousands) | 2023 |  | 2022 |  | 2021 |  |
Net income | $ | 81,099 |  |  | $ | 262,344 |  |  | $ | 108,459 |  |  |
Participating basic earnings (a) | (152) |  |  | — |  |  | — |  |  |
Basic earnings attributable to common stockholders | 80,947 |  |  | 262,344 |  |  | 108,459 |  |  |
Reallocation of participating earnings | — |  |  | — |  |  | — |  |  |
Diluted earnings attributable to common stockholders | $ | 80,947 |  |  | $ | 262,344 |  |  | $ | 108,459 |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Weighted average common shares outstanding – basic | 133,093 |  |  | 132,923 |  |  | 132,923 |  |  |
Dilutive performance stock units | 10 |  |  | — |  |  | — |  |  |
Dilutive stock options | 6 |  |  | — |  |  | — |  |  |
Vesting Shares | 0 |  | 151 |  | 0 |  |
Weighted average common shares outstanding – diluted | 133,109 |  |  | 133,074 |  |  | 132,923 |  |  |
Net income (loss) per common share: |  |  |  |  |  |  |
Basic | $ | 0.61 |  |  | $ | 1.97 |  |  | $ | 0.82 |  |  |
Diluted | $ | 0.61 |  |  | $ | 1.97 |  |  | $ | 0.82 |  |  |
(a) Unvested restricted stock awards represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. Unvested restricted stock awards do not participate in undistributed net losses as they are not contractually obligated to do so.
Schedule of Diluted Earnings Per Share, Diluted Securities | The following table is a summary of the PSUs and stock options, which were not included in the computation of diluted earnings per share, as inclusion of these items would be antidilutive.
| Year Ended December 31, |  |
| 2023 |  | 2022 |  | 2021 |  |
Number of antidilutive common shares: |  |  |  |  |  |  |
Antidilutive performance stock units | 23,428 |  |  | — |  |  | — |  |  |
Antidilutive stock options | 303,805 |  |  | — |  |  | — |  |  |
Total antidilutive common shares | 327,233 |  |  | — |  |  | — |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52 + Details
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