Earnings per share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table presents the basic and diluted earnings per share computations for the years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Net income	$	81,099	$	262,344	$	108,459
Participating basic earnings (a)	(152)		—		—
Basic earnings attributable to common stockholders	80,947		262,344		108,459
Reallocation of participating earnings	—		—		—
Diluted earnings attributable to common stockholders	$	80,947	$	262,344	$	108,459
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic	133,093		132,923		132,923
Dilutive performance stock units	10		—		—
Dilutive stock options	6		—		—
Vesting Shares	0		151		0
Weighted average common shares outstanding – diluted	133,109		133,074		132,923
Net income (loss) per common share:
Basic	$	0.61	$	1.97	$	0.82
Diluted	$	0.61	$	1.97	$	0.82
(a) Unvested restricted stock awards represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. Unvested restricted stock awards do not participate in undistributed net losses as they are not contractually obligated to do so.

Schedule of Diluted Earnings Per Share, Diluted Securities

The following table is a summary of the PSUs and stock options, which were not included in the computation of diluted earnings per share, as inclusion of these items would be antidilutive.

	Year Ended December 31,
	2023	2022	2021
Number of antidilutive common shares:
Antidilutive performance stock units	23,428	—	—
Antidilutive stock options	303,805	—	—
Total antidilutive common shares	327,233	—	—