EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Reconciliation of the Numerators and Denominators Used to Calculate Basic EPS and Diluted EPS

The reconciliation of the numerators and denominators used to calculate basic EPS and diluted EPS for the years ended December 31, 2022, 2021 and 2020 are as follows:

	December 31,
(In thousands, except share and per share data)	2022		2021		2020
Net Income (Loss)	$	773,237	$	6,361	$	(906,041)
Less: Cumulative Dividends on Preferred Stock	9,803		14,761		15,266
Less: Premium on Repurchase of Preferred Stock	35,731		—		—
Net Income (Loss) Attributable to Common Stock	$	727,703	$	(8,400)	$	(921,307)
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic	78,557,216		62,989,543		42,744,639
Plus: Dilutive Effect of Restricted Stock, Preferred Stock, and Common Stock Warrants	8,118,149		—		—
Weighted Average Common Shares Outstanding – Diluted	86,675,365		62,989,543		42,744,639
Net Income (Loss) per Common Share:
Basic	$	9.26	$	(0.13)	$	(21.55)
Diluted	$	8.92	$	(0.13)	$	(21.55)

Schedule of Securities Excluded from the Calculation of Diluted Weighted Average Common Shares Outstanding

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:

	December 31,
	2022	2021	2020
Restricted Stock Awards	—	150,011	98,595
Series A Preferred Stock (if converted)	—	9,758,871	9,899,376
Warrants	—	468,325	—
Total	—	10,377,207	9,997,971