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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Performance Share Units
Restricted Stock Units
Treasury Shares
Treasury Shares
Performance Share Units
Treasury Shares
Restricted Stock Units
Common stock
Common stock
Performance Share Units
Common stock
Restricted Stock Units
Preferred Shares Issued
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Shares, beginning balance (in shares) at Dec. 31, 2022       (16,790,000)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2022             47,179,000            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2022                   10,000      
Beginning balance at Dec. 31, 2022 $ 287,896     $ (238,758)     $ 472     $ 0 $ 112,509 $ 517,455 $ (103,782)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Vesting of share units (in shares)         (6,000) [1] (16,000) [1]   (16,000) (48,000)        
Vesting of share units   $ (64) $ (160)   $ (64) $ (160)              
Stock option exercises (in shares)       (54,000) [1]     (63,000)            
Stock option exercises 838     $ (90)             928    
Retirement of treasury shares (in shares)       (76,000) [1]     (76,000)            
Retirement of treasury shares (928)     $ 314             (1,242)    
Share-based compensation 1,230                   1,230    
Net income (loss) 24,173                     24,173  
Other comprehensive gain (loss), net of taxes 13,791                       13,791
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) (4,970)                     (4,970)  
Treasury Shares, ending balance (in shares) at Mar. 31, 2023       (16,790,000)                  
Common Shares Issued shares, ending balance (in shares) at Mar. 31, 2023             47,230,000            
Preferred Shares Issued, ending balance (in shares) at Mar. 31, 2023                   10,000      
Ending balance at Mar. 31, 2023 321,806     $ (238,758)     $ 472     $ 0 113,425 536,658 (89,991)
Treasury Shares, beginning balance (in shares) at Dec. 31, 2022       (16,790,000)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2022             47,179,000            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2022                   10,000      
Beginning balance at Dec. 31, 2022 287,896     $ (238,758)     $ 472     $ 0 112,509 517,455 (103,782)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income (loss) 52,739                        
Other comprehensive gain (loss), net of taxes 7,925                        
Treasury Shares, ending balance (in shares) at Jun. 30, 2023       (17,186,000)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2023             47,266,000            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2023                   10,000      
Ending balance at Jun. 30, 2023 334,672     $ (244,846)     $ 473     $ 0 114,685 560,217 (95,857)
Treasury Shares, beginning balance (in shares) at Mar. 31, 2023       (16,790,000)                  
Common Shares Issued, beginning balance (in shares) at Mar. 31, 2023             47,230,000            
Preferred Shares Issued, beginning balance (in shares) at Mar. 31, 2023                   10,000      
Beginning balance at Mar. 31, 2023 321,806     $ (238,758)     $ 472     $ 0 113,425 536,658 (89,991)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Grant of restricted stock awards (in shares)             36,000            
Grant of restricted stock awards 0           $ 1       (1)    
Purchases of treasury stock (in shares)       (396,000)                  
Purchases of treasury stock (6,088)     $ (6,088)                  
Share-based compensation 1,261                   1,261    
Net income (loss) 28,566                     28,566  
Other comprehensive gain (loss), net of taxes (5,866)                       (5,866)
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) (5,007)                     (5,007)  
Treasury Shares, ending balance (in shares) at Jun. 30, 2023       (17,186,000)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2023             47,266,000            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2023                   10,000      
Ending balance at Jun. 30, 2023 $ 334,672     $ (244,846)     $ 473     $ 0 114,685 560,217 (95,857)
Treasury Shares, beginning balance (in shares) at Dec. 31, 2023 (18,303,000)     (18,303,000)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2023 47,269,000           47,269,000            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2023 10,000                 10,000      
Beginning balance at Dec. 31, 2023 $ 341,297     $ (260,779)     $ 472     $ 0 115,086 560,690 (74,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Purchases of treasury stock (in shares)       (208,000)                  
Purchases of treasury stock (4,139)     $ (4,139)                  
Share-based compensation 2,033                   2,033    
Other [2] (880)                   (880)    
Net income (loss) 33,657                     33,657  
Other comprehensive gain (loss), net of taxes (2,542)                       (2,542)
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) (4,762)                     (4,762)  
Treasury Shares, ending balance (in shares) at Mar. 31, 2024       (18,511,000)                  
Common Shares Issued shares, ending balance (in shares) at Mar. 31, 2024             47,269,000            
Preferred Shares Issued, ending balance (in shares) at Mar. 31, 2024                   10,000      
Ending balance at Mar. 31, 2024 $ 364,664     $ (264,918)     $ 472     $ 0 116,239 589,585 (76,714)
Treasury Shares, beginning balance (in shares) at Dec. 31, 2023 (18,303,000)     (18,303,000)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2023 47,269,000           47,269,000            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2023 10,000                 10,000      
Beginning balance at Dec. 31, 2023 $ 341,297     $ (260,779)     $ 472     $ 0 115,086 560,690 (74,172)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income (loss) 69,073                        
Other comprehensive gain (loss), net of taxes $ (1,546)                        
Treasury Shares, ending balance (in shares) at Jun. 30, 2024 (18,785,000)     (18,785,000)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2024 47,298,000           47,298,000            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2024 10,000                 10,000      
Ending balance at Jun. 30, 2024 $ 393,237     $ (270,542)     $ 472     $ 0 118,795 620,230 (75,718)
Treasury Shares, beginning balance (in shares) at Mar. 31, 2024       (18,511,000)                  
Common Shares Issued, beginning balance (in shares) at Mar. 31, 2024             47,269,000            
Preferred Shares Issued, beginning balance (in shares) at Mar. 31, 2024                   10,000      
Beginning balance at Mar. 31, 2024 364,664     $ (264,918)     $ 472     $ 0 116,239 589,585 (76,714)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Stock option exercises (in shares)             (1,000)            
Grant of restricted stock awards (in shares)             28,000            
Purchases of treasury stock (in shares)       (274,000)                  
Purchases of treasury stock (5,254)     $ (5,624)             370    
Share-based compensation 2,186                   2,186    
Net income (loss) 35,416                     35,416  
Other comprehensive gain (loss), net of taxes 996                       996
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) $ (4,771)                     (4,771)  
Treasury Shares, ending balance (in shares) at Jun. 30, 2024 (18,785,000)     (18,785,000)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2024 47,298,000           47,298,000            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2024 10,000                 10,000      
Ending balance at Jun. 30, 2024 $ 393,237     $ (270,542)     $ 472     $ 0 $ 118,795 $ 620,230 $ (75,718)
[1] All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of options exercised, restricted stock vested, performance share units vested, or restricted stock units vested. These shares have been cancelled by the Company.
[2]
The Other line within Paid-in Capital includes $511 thousand related to cash settlement of certain restricted share units.