Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS??? EQUITY

v3.23.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Common Stock Held in Reserve
Treasury Stock
Paid-in Capital
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Dec. 31, 2021   21,537,000 938,000      
Beginning balance at Dec. 31, 2021 $ 549,478 $ 2 $ (30,216) $ 0 $ 692,521 $ (112,829)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (491,975)         (491,975)
Conversion of preferred stock (in shares)   1,000        
Conversion of preferred stock 18       18  
Stock compensation 1,755       1,755  
Repurchase of common stock under Repurchase Program (in shares)   (378,000)        
Repurchase of common stock under Repurchase Program (35,512)     (5,318) (30,194)  
Issuance of common stock held in reserve (in shares)     876,000      
Issuance of common stock held in reserve 28,220   $ 28,220      
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   2,000        
Issuance of restricted stock, net of shares withheld for income taxes (80)       (80)  
Dividends on preferred stock (1,447)       (1,447)  
Ending balance (in shares) at Mar. 31, 2022   21,162,000 62,000      
Ending balance at Mar. 31, 2022 50,457 $ 2 $ (1,996) (5,318) 662,573 (604,804)
Beginning balance (in shares) at Dec. 31, 2021   21,537,000 938,000      
Beginning balance at Dec. 31, 2021 549,478 $ 2 $ (30,216) 0 692,521 (112,829)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (253,867)          
Ending balance (in shares) at Sep. 30, 2022   19,402,000 62,000      
Ending balance at Sep. 30, 2022 102,376 $ 2 $ (1,996) (1,780) 472,846 (366,696)
Beginning balance (in shares) at Mar. 31, 2022   21,162,000 62,000      
Beginning balance at Mar. 31, 2022 50,457 $ 2 $ (1,996) (5,318) 662,573 (604,804)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 256,580         256,580
Conversion of preferred stock (in shares)   342,000        
Conversion of preferred stock 4,706       4,706  
Stock compensation 2,145       2,145  
Repurchase of common stock under Repurchase Program (in shares)   (1,382,000)        
Repurchase of common stock under Repurchase Program (127,510)     (2,491) (125,019)  
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   8,000        
Issuance of restricted stock, net of shares withheld for income taxes (325)       (325)  
Dividends on preferred stock (1,380)       (1,380)  
Ending balance (in shares) at Jun. 30, 2022   20,130,000 62,000      
Ending balance at Jun. 30, 2022 184,673 $ 2 $ (1,996) (7,809) 542,700 (348,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (18,472)         (18,472)
Conversion of preferred stock (in shares)   60,000        
Conversion of preferred stock 827       827  
Stock compensation 2,398       2,398  
Repurchase of common stock under Repurchase Program (in shares)   (827,000)        
Repurchase of common stock under Repurchase Program (64,549)     6,029 (70,578)  
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   39,000        
Issuance of restricted stock, net of shares withheld for income taxes (1,192)       (1,192)  
Dividends on preferred stock (1,309)       (1,309)  
Ending balance (in shares) at Sep. 30, 2022   19,402,000 62,000      
Ending balance at Sep. 30, 2022 $ 102,376 $ 2 $ (1,996) (1,780) 472,846 (366,696)
Beginning balance (in shares) at Dec. 31, 2022 19,100,000 19,097,000 62,000      
Beginning balance at Dec. 31, 2022 $ 828,835 $ 2 $ (1,996) (286) 449,243 381,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 523,054         523,054
Conversion of preferred stock (in shares) 0          
Stock compensation $ 3,069       3,069  
Repurchase of common stock under Repurchase Program (in shares)   (457,000)        
Repurchase of common stock under Repurchase Program (33,202)     (201) (33,001)  
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   3,000        
Issuance of restricted stock, net of shares withheld for income taxes (287)       (287)  
Dividends on preferred stock (1,307)         (1,307)
Ending balance (in shares) at Mar. 31, 2023   18,643,000 62,000      
Ending balance at Mar. 31, 2023 $ 1,320,162 $ 2 $ (1,996) (487) 419,024 903,619
Beginning balance (in shares) at Dec. 31, 2022 19,100,000 19,097,000 62,000      
Beginning balance at Dec. 31, 2022 $ 828,835 $ 2 $ (1,996) (286) 449,243 381,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 1,225,185          
Ending balance (in shares) at Sep. 30, 2023 18,700,000 18,700,000 62,000      
Ending balance at Sep. 30, 2023 $ 1,980,006 $ 2 $ (1,996) (441) 379,102 1,603,339
Beginning balance (in shares) at Mar. 31, 2023   18,643,000 62,000      
Beginning balance at Mar. 31, 2023 1,320,162 $ 2 $ (1,996) (487) 419,024 903,619
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 93,687         93,687
Conversion of preferred stock (in shares) 5,836 431,000        
Conversion of preferred stock $ 5,836       5,836  
Stock compensation 3,834       3,834  
Repurchase of common stock under Repurchase Program (in shares)   (448,000)        
Repurchase of common stock under Repurchase Program (42,630)     487 (43,117)  
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   32,000        
Issuance of restricted stock, net of shares withheld for income taxes (1,493)       (1,493)  
Dividends on preferred stock (1,280)       (2) (1,278)
Ending balance (in shares) at Jun. 30, 2023   18,658,000 62,000      
Ending balance at Jun. 30, 2023 1,378,116 $ 2 $ (1,996) 0 384,082 996,028
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 608,444         608,444
Conversion of preferred stock (in shares) 1,130 81,000        
Conversion of preferred stock $ 1,130       1,130  
Stock compensation 3,521       3,521  
Repurchase of common stock under Repurchase Program (in shares)   (72,000)        
Repurchase of common stock under Repurchase Program (8,661)     (441) (8,220)  
Issuance of restricted stock, net of shares withheld for income taxes (in shares)   33,000        
Issuance of restricted stock, net of shares withheld for income taxes (1,411)       (1,411)  
Dividends on preferred stock $ (1,133)         (1,133)
Ending balance (in shares) at Sep. 30, 2023 18,700,000 18,700,000 62,000      
Ending balance at Sep. 30, 2023 $ 1,980,006 $ 2 $ (1,996) $ (441) $ 379,102 $ 1,603,339