v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2022 $ 838,784 $ 66,132 $ 354,495 $ 598,119 $ (179,962)
Balance (in shares) at Dec. 31, 2022   66,167      
Shares issued on grants of restricted shares   $ 35 (35)    
Shares issued on grants of restricted shares (in shares)   54      
Shares issued on grants of performance share units   $ 254 (254)    
Shares issued on grants of performance share units (in shares)   254      
Shares issued on grants of restricted share units   $ 50 (50)    
Shares issued on grants of restricted share units (in shares)   50      
Stock compensation expense 5,341   5,341    
Net loss (242,056)     (242,056)  
Dividends declared (19,950)     (19,950)  
Other comprehensive income (loss) 53,291       53,291
Balance at Dec. 31, 2023 635,410 $ 66,471 359,497 336,113 (126,671)
Balance (in shares) at Dec. 31, 2023   66,525      
Shares issued on grants of restricted shares   $ 54 (54)    
Shares issued on grants of restricted shares (in shares)   21      
Shares issued on grants of performance share units   $ 325 (325)    
Shares issued on grants of performance share units (in shares)   325      
Stock compensation expense 3,664   3,664    
Net loss (85,141)     (85,141)  
Dividends declared (20,060)     (20,060)  
Disposal of investment in joint venture (4,181)       (4,181)
Other comprehensive income (loss) (99,917)       (99,917)
Balance at Dec. 31, 2024 $ 429,775 $ 66,850 362,782 230,912 (230,769)
Balance (in shares) at Dec. 31, 2024 66,871,000 66,871      
Shares issued on grants of restricted shares   $ 21 (21)    
Shares issued on grants of restricted shares (in shares)   112      
Stock compensation expense $ 2,596   2,596    
Net loss (497,889)     (497,889)  
Dividends declared (10,039)     (10,039)  
Other comprehensive income (loss) 143,617       143,617
Balance at Dec. 31, 2025 $ 68,060 $ 66,871 $ 365,357 $ (277,016) $ (87,152)
Balance (in shares) at Dec. 31, 2025 66,983,000 66,983