Equity and Earnings per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023:

	March 31, 2024		March 31, 2023
	(in thousands, except share and per share data)
Basic Earnings (Loss) per Common Share:
Net income (loss) to common stockholders	$	12,874	$	530
Dividends allocated to participating securities	(60)		(85)
Net income (loss) to common stockholders - basic	$	12,814	$	445
Basic weighted average common shares outstanding	24,775,815		24,662,737
Basic earnings (loss) per common share	$	0.52	$	0.02
Diluted Earnings (Loss) per Common Share:
Net income (loss) to common stockholders - basic	$	12,874	$	530
Dividends allocated to participating securities	(60)		(85)
Net income (loss) to common stockholders - diluted	$	12,814	$	445
Basic weighted average common shares outstanding	24,775,815		24,662,737
Net effect of dilutive equity awards	189,459		262,620
Diluted weighted average common shares outstanding	24,965,274		24,925,357
Diluted earnings (loss) per common share	$	0.51	$	0.02