Earnings Per Share and Equity (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Calculations of Net (Loss) Income Per Common Share

Calculations of net (loss) income per common share for the periods presented were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net (loss) income	$	(3,688)	$	8,022	$	(11,975)	$	32,366
Preferred stock dividends	358		198		915		594
Net (loss) income applicable to common stockholders	$	(4,046)	$	7,824	$	(12,890)	$	31,772
Weighted average common shares outstanding
Shares used in calculating basic earnings per share	43,654		45,776		44,299		46,637
Stock option	—		—		—		131
Series C Preferred	—		16,500		—		16,500
Shares used in calculating diluted earnings per share	43,654		62,276		44,299		63,268
(Loss) earnings allocated to common stockholders per common share
Basic	$	(0.09)	$	0.17	$	(0.29)	$	0.68
Diluted	$	(0.09)	$	0.13	$	(0.29)	$	0.50