Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share
Reconciliations of the components of basic and diluted net income per common share are presented in the table below (in thousands):
Three Months Ended March 31, 2024 Three Months Ended March 31, 2023
Net income $ 52,035  $ 523,054 
Dividends on preferred stock (1,105) (1,307)
Participating securities - preferred stock(1)
(7,532) (86,221)
Net income attributable to common stockholders $ 43,398  $ 435,526 
Re-allocation of participating securities 143  684 
Diluted net income attributable to common stockholders $ 43,541  $ 436,210 
Basic Shares 18,193  18,868 
Dilutive Shares 18,604  19,049 
Basic EPS $ 2.39  $ 23.08 
Dilutive EPS $ 2.34  $ 22.90 
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(1)    Preferred stock represents participating securities because it participates in any dividends on shares of common stock on a pari passu, pro rata basis. However, preferred stock does not participate in undistributed net losses.