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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of earnings per share, basic and diluted
Under the two-class method, net income is reallocated to common stock, the Series A Preferred Stock, and all dilutive securities based on the contractual participating rights of the respective securities to share in the current earnings as if all of the earnings for the period had been distributed.
For the years ended December 31,
202320222021
Numerator:
Net income (loss)$226,801 $(187,282)$3,937 
Convertible preferred stock dividends
(27,462)(11,526)— 
Allocation of earnings to participating securities
(17,348)— — 
Net income (loss) attributable to common stockholders$181,991 $(198,808)$3,937 
Effect of dilutive securities:
Allocation of earnings to participating securities
$17,348 $— $— 
Reallocation of earnings to participating securities
(16,934)— — 
Numerator for Diluted EPS - Income (loss) available to common stockholders after assumed conversions
$182,405 $(198,808)$3,937 
Denominator:
Weighted average basic common shares outstanding230,784 226,947 221,343 
Dilutive effect of common shares6,180 — 11,724 
Weighted average diluted common shares outstanding236,964 226,947 233,067 
Earnings per share:
Basic$0.79 $(0.88)$0.02 
Diluted$0.77 $(0.88)$0.02