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Net income (loss) per common share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Weighted-average Common Shares Outstanding and Net Income (Loss) Per Common Share
The following table reflects the calculations of basic and diluted (i) weighted-average common shares outstanding and (ii) net income (loss) per common share for the periods presented:
Three months ended June 30,Six months ended June 30,
(in thousands, except for per share data)2024202320242023
Net income (loss)$36,702 $294,811 $(29,429)$408,751 
Less: Preferred Stock dividends(303)— (652)— 
Net income (loss) available to common stockholders$36,399 $294,811 $(30,081)$408,751 
Weighted-average common shares outstanding:
Basic36,381 18,031 35,973 17,236 
Dilutive non-vested restricted stock awards104 54 — 83 
Dilutive non-vested performance share awards(1)
12 — — — 
Dilutive preferred stock1,108 — — — 
Diluted37,605 18,085 35,973 17,319 
Net income (loss) per common share:
Basic$1.00 $16.35 $(0.84)$23.71 
Diluted$0.98 $16.30 $(0.84)$23.60 
Anti-dilutive weighted-average common shares outstanding(2):
Restricted stock awards157345268343
Performance share awards— 2510 25
Preferred stock— — 1,169— 
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(1)The dilutive effect of the non-vested performance shares for the three and six months ended June 30, 2023 and 2024 were calculated assuming each respective performance period ended on June 30, 2023 and 2024.
(2)Shares excluded from the diluted net income (loss) per common share calculation because their effect would be anti-dilutive.