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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

A summary of the changes in stockholders’ equity for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands except per share amounts):

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Dividends
Paid In Excess

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Of Earnings

 

 

Total

 

BALANCE, JUNE 30, 2023

 

 

50,501

 

 

$

505

 

 

$

938,163

 

 

$

(78,582

)

 

$

860,086

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

16,033

 

 

 

16,033

 

Dividends declared — $0.43 per share

 

 

 

 

 

 

 

 

 

 

 

(23,209

)

 

 

(23,209

)

Proceeds from issuance of common stock, net - February 2023 Forward Offering

 

 

2,200

 

 

 

22

 

 

 

71,564

 

 

 

 

 

 

71,586

 

Shares issued pursuant to 2021 ATM Program, net

 

 

 

 

 

 

 

 

(45

)

 

 

 

 

 

(45

)

Shares issued pursuant to dividend reinvestment

 

 

1

 

 

 

 

 

 

12

 

 

 

 

 

 

12

 

Stock-based compensation/settlements

 

 

 

 

 

 

 

 

1,443

 

 

 

 

 

 

1,443

 

BALANCE, SEPTEMBER 30, 2023

 

 

52,702

 

 

$

527

 

 

$

1,011,137

 

 

$

(85,758

)

 

$

925,906

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, DECEMBER 31, 2022

 

 

46,735

 

 

$

467

 

 

$

822,340

 

 

$

(62,957

)

 

$

759,850

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

43,639

 

 

 

43,639

 

Dividends declared — $1.29 per share

 

 

 

 

 

 

 

 

 

 

 

(66,440

)

 

 

(66,440

)

Shares issued pursuant to February 2023 Forward Offering, net

 

 

2,200

 

 

 

22

 

 

 

71,509

 

 

 

 

 

 

71,531

 

Shares issued pursuant to 2021 ATM Program, net

 

 

3,721

 

 

 

38

 

 

 

114,089

 

 

 

 

 

 

114,127

 

Shares issued pursuant to dividend reinvestment

 

 

1

 

 

 

 

 

 

40

 

 

 

 

 

 

40

 

Stock-based compensation/settlements

 

 

45

 

 

 

 

 

 

3,159

 

 

 

 

 

 

3,159

 

BALANCE, SEPTEMBER 30, 2023

 

 

52,702

 

 

$

527

 

 

$

1,011,137

 

 

$

(85,758

)

 

$

925,906

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Dividends
Paid In Excess

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Of Earnings

 

 

Total

 

BALANCE, JUNE 30, 2022

 

 

46,733

 

 

$

467

 

 

$

819,976

 

 

$

(63,376

)

 

$

757,067

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

13,302

 

 

 

13,302

 

Dividends declared — $0.41 per share

 

 

 

 

 

 

 

 

 

 

 

(19,619

)

 

 

(19,619

)

Shares issued pursuant to 2012 ATM Program, net

 

 

 

 

 

 

 

 

(64

)

 

 

 

 

 

(64

)

Shares issued pursuant to dividend reinvestment

 

 

1

 

 

 

 

 

 

14

 

 

 

 

 

 

14

 

Stock-based compensation/settlements

 

 

 

 

 

 

 

 

1,227

 

 

 

 

 

 

1,227

 

BALANCE, SEPTEMBER 30, 2022

 

 

46,734

 

 

$

467

 

 

$

821,153

 

 

$

(69,693

)

 

$

751,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, DECEMBER 31, 2021

 

 

46,716

 

 

$

467

 

 

$

818,209

 

 

$

(73,568

)

 

$

745,108

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

62,731

 

 

 

62,731

 

Dividends declared — $1.23 per share

 

 

 

 

 

 

 

 

 

 

 

(58,856

)

 

 

(58,856

)

Shares issued pursuant to 2021 ATM Program, net

 

 

 

 

 

 

 

 

(147

)

 

 

 

 

 

(147

)

Shares issued pursuant to dividend reinvestment

 

 

2

 

 

 

 

 

 

44

 

 

 

 

 

 

44

 

Stock-based compensation/settlements

 

 

16

 

 

 

 

 

 

3,047

 

 

 

 

 

 

3,047

 

BALANCE, SEPTEMBER 30, 2022

 

 

46,734

 

 

$

467

 

 

$

821,153

 

 

$

(69,693

)

 

$

751,927