Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Ordinary Shares
Treasury Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022   163,234,542        
Beginning balance at Dec. 31, 2022 $ 1,138,900 $ 163,235 $ (49,341) $ 1,698,781 $ (25,471) $ (648,304)
Beginning balance (in shares) at Dec. 31, 2022     6,436,736      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation (3,074)     (3,074)    
Ordinary shares issued related to founders advisory fees - related party (in shares)   1,831,653        
Ordinary shares issued related to founders advisory fees - related party 0 $ 1,832   (1,832)    
Ordinary shares repurchased (in shares)     115,570      
Ordinary shares repurchased (864)   $ (864)      
Net income (loss) 9,431         9,431
Other comprehensive income (loss) 1,593       1,593  
Ending balance (in shares) at Mar. 31, 2023   165,066,195        
Ending balance at Mar. 31, 2023 1,145,986 $ 165,067 $ (50,205) 1,693,875 (23,878) (638,873)
Ending balance (in shares) at Mar. 31, 2023     6,552,306      
Beginning balance (in shares) at Dec. 31, 2022   163,234,542        
Beginning balance at Dec. 31, 2022 1,138,900 $ 163,235 $ (49,341) 1,698,781 (25,471) (648,304)
Beginning balance (in shares) at Dec. 31, 2022     6,436,736      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 61,445          
Ending balance (in shares) at Jun. 30, 2023   165,066,195        
Ending balance at Jun. 30, 2023 1,175,062 $ 165,067 $ (76,553) 1,695,070 (21,663) (586,859)
Ending balance (in shares) at Jun. 30, 2023     10,545,362      
Beginning balance (in shares) at Mar. 31, 2023   165,066,195        
Beginning balance at Mar. 31, 2023 1,145,986 $ 165,067 $ (50,205) 1,693,875 (23,878) (638,873)
Beginning balance (in shares) at Mar. 31, 2023     6,552,306      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 1,195     1,195    
Ordinary shares repurchased (in shares)     3,993,056      
Ordinary shares repurchased (26,348)   $ (26,348)      
Net income (loss) 52,014         52,014
Other comprehensive income (loss) 2,215       2,215  
Ending balance (in shares) at Jun. 30, 2023   165,066,195        
Ending balance at Jun. 30, 2023 $ 1,175,062 $ 165,067 $ (76,553) 1,695,070 (21,663) (586,859)
Ending balance (in shares) at Jun. 30, 2023     10,545,362      
Beginning balance (in shares) at Dec. 31, 2023 165,066,195 165,066,195        
Beginning balance at Dec. 31, 2023 $ 1,152,295 $ 165,067 $ (113,407) 1,701,163 (19,710) (580,818)
Beginning balance (in shares) at Dec. 31, 2023 18,615,190   18,615,190      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation $ 1,742     1,742    
Ordinary shares issued related to founders advisory fees - related party (in shares)   1,758,464        
Ordinary shares issued related to founders advisory fees - related party 0 $ 1,758   (1,758)    
Ordinary shares repurchased (in shares)     2,969,357      
Ordinary shares repurchased (14,278)   $ (14,278)      
Net income (loss) (82,558)         (82,558)
Other comprehensive income (loss) (5,543)       (5,543)  
Ending balance (in shares) at Mar. 31, 2024   166,824,659        
Ending balance at Mar. 31, 2024 $ 1,051,658 $ 166,825 $ (127,685) 1,701,147 (25,253) (663,376)
Ending balance (in shares) at Mar. 31, 2024     21,584,547      
Beginning balance (in shares) at Dec. 31, 2023 165,066,195 165,066,195        
Beginning balance at Dec. 31, 2023 $ 1,152,295 $ 165,067 $ (113,407) 1,701,163 (19,710) (580,818)
Beginning balance (in shares) at Dec. 31, 2023 18,615,190   18,615,190      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ (60,908)          
Ending balance (in shares) at Jun. 30, 2024 166,824,659 166,824,659        
Ending balance at Jun. 30, 2024 $ 1,075,174 $ 166,825 $ (127,824) 1,704,141 (26,242) (641,726)
Ending balance (in shares) at Jun. 30, 2024 21,603,082   21,603,082      
Beginning balance (in shares) at Mar. 31, 2024   166,824,659        
Beginning balance at Mar. 31, 2024 $ 1,051,658 $ 166,825 $ (127,685) 1,701,147 (25,253) (663,376)
Beginning balance (in shares) at Mar. 31, 2024     21,584,547      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 2,994     2,994    
Ordinary shares repurchased (in shares)     18,535      
Ordinary shares repurchased (139)   $ (139)      
Net income (loss) 21,650         21,650
Other comprehensive income (loss) $ (989)       (989)  
Ending balance (in shares) at Jun. 30, 2024 166,824,659 166,824,659        
Ending balance at Jun. 30, 2024 $ 1,075,174 $ 166,825 $ (127,824) $ 1,704,141 $ (26,242) $ (641,726)
Ending balance (in shares) at Jun. 30, 2024 21,603,082   21,603,082