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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)
shares in Thousands, $ 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)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2022             47,179            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2022                   10      
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]                          
Share-based compensation 1,230                   1,230    
Vesting of equity instruments other than options (in shares)         6 [1] 16 [1]   16 48        
Vesting of equity instruments other than options   $ (64) $ (160)   $ (64) $ (160)              
Stock option exercises (in shares)       54 [1]     63            
Stock option exercises 838     $ (90)             928    
Retirement of treasury shares (in shares)       76 [1]     76            
Retirement of treasury shares (928)     $ 314             (1,242)    
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)                  
Common Shares Issued shares, ending balance (in shares) at Mar. 31, 2023             47,230            
Preferred Shares Issued, ending balance (in shares) at Mar. 31, 2023                   10      
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)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2022             47,179            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2022                   10      
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) 46,824                        
Other comprehensive gain (loss), net of taxes (3,333)                        
Treasury Shares, ending balance (in shares) at Sep. 30, 2023       (18,080)                  
Common Shares Issued shares, ending balance (in shares) at Sep. 30, 2023             47,266            
Preferred Shares Issued, ending balance (in shares) at Sep. 30, 2023                   10      
Ending balance at Sep. 30, 2023 301,502     $ (257,143)     $ 473     $ 0 115,922 549,365 (107,115)
Treasury Shares, beginning balance (in shares) at Mar. 31, 2023       (16,790)                  
Common Shares Issued, beginning balance (in shares) at Mar. 31, 2023             47,230            
Preferred Shares Issued, beginning balance (in shares) at Mar. 31, 2023                   10      
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]                          
Purchases of treasury stock (in shares)       (396)                  
Purchases of treasury stock (6,088)     $ (6,088)                  
Share-based compensation 1,261                   1,261    
Grant of restricted stock awards (in shares)             36            
Grant of restricted stock awards 0           $ 1       (1)    
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)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2023             47,266            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2023                   10      
Ending balance at Jun. 30, 2023 334,672     $ (244,846)     $ 473     $ 0 114,685 560,217 (95,857)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Purchases of treasury stock (in shares)       (894)                  
Purchases of treasury stock (12,297)     $ (12,297)                  
Share-based compensation 1,237                   1,237    
Net income (loss) (5,915)                     (5,915)  
Other comprehensive gain (loss), net of taxes (11,258)                       (11,258)
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) (4,937)                     (4,937)  
Treasury Shares, ending balance (in shares) at Sep. 30, 2023       (18,080)                  
Common Shares Issued shares, ending balance (in shares) at Sep. 30, 2023             47,266            
Preferred Shares Issued, ending balance (in shares) at Sep. 30, 2023                   10      
Ending balance at Sep. 30, 2023 $ 301,502     $ (257,143)     $ 473     $ 0 115,922 549,365 (107,115)
Treasury Shares, beginning balance (in shares) at Dec. 31, 2023 (18,303)     (18,303)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2023 47,269           47,269            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2023 10                 10      
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)                  
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)                  
Common Shares Issued shares, ending balance (in shares) at Mar. 31, 2024             47,269            
Preferred Shares Issued, ending balance (in shares) at Mar. 31, 2024                   10      
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)     (18,303)                  
Common Shares Issued, beginning balance (in shares) at Dec. 31, 2023 47,269           47,269            
Preferred Shares Issued, beginning balance (in shares) at Dec. 31, 2023 10                 10      
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) 52,910                        
Other comprehensive gain (loss), net of taxes $ 28,579                        
Treasury Shares, ending balance (in shares) at Sep. 30, 2024 (19,012)     (19,012)                  
Common Shares Issued shares, ending balance (in shares) at Sep. 30, 2024 47,298           47,298            
Preferred Shares Issued, ending balance (in shares) at Sep. 30, 2024 10                 10      
Ending balance at Sep. 30, 2024 $ 400,245     $ (274,977)     $ 472     $ 0 121,003 599,340 (45,593)
Treasury Shares, beginning balance (in shares) at Mar. 31, 2024       (18,511)                  
Common Shares Issued, beginning balance (in shares) at Mar. 31, 2024             47,269            
Preferred Shares Issued, beginning balance (in shares) at Mar. 31, 2024                   10      
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]                          
Purchases of treasury stock (in shares)       (274)                  
Purchases of treasury stock (5,254)     $ (5,624)             370    
Share-based compensation 2,186                   2,186    
Grant of restricted stock awards (in shares)             28            
Grant of restricted stock awards 0                        
Stock option exercises (in shares)             1            
Stock option exercises 0                        
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)                  
Common Shares Issued shares, ending balance (in shares) at Jun. 30, 2024             47,298            
Preferred Shares Issued, ending balance (in shares) at Jun. 30, 2024                   10      
Ending balance at Jun. 30, 2024 393,237     $ (270,542)     $ 472     $ 0 118,795 620,230 (75,718)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Purchases of treasury stock (in shares)       (227)                  
Purchases of treasury stock (4,435)     $ (4,435)                  
Share-based compensation 2,209                   2,209    
Stock option exercises (in shares)       2 [3]     2            
Stock option exercises (1)     $ (55)             54    
Retirement of treasury shares (in shares)       2 [3]     2            
Retirement of treasury shares 0     $ 55             (55)    
Net income (loss) (16,163)                     (16,163)  
Other comprehensive gain (loss), net of taxes 30,125                       30,125
Declaration of dividends ($0.16 per common share and $0.25 per preferred share) $ (4,727)                     (4,727)  
Treasury Shares, ending balance (in shares) at Sep. 30, 2024 (19,012)     (19,012)                  
Common Shares Issued shares, ending balance (in shares) at Sep. 30, 2024 47,298           47,298            
Preferred Shares Issued, ending balance (in shares) at Sep. 30, 2024 10                 10      
Ending balance at Sep. 30, 2024 $ 400,245     $ (274,977)     $ 472     $ 0 $ 121,003 $ 599,340 $ (45,593)
[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.
[3] All shares acquired represent shares tendered to cover the strike price for options and tax withholdings on the intrinsic value of stock options exercised, restricted stock vested, performance share units vested, or restricted stock units vested. These shares have been cancelled by the Company.