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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Dividends on Common Stock The following table summarizes the cash dividends per share of common stock declared by the Company’s board of directors for 2025, 2024 and 2023 (dollars in thousands, except per share amounts):
For the Three Months Ended
2025March 31,June 30,September 30,December 31,
Dividends declared per share$0.335 $0.335 $0.335 $0.335 
Dividends payment dateApril 15, 2025July 15, 2025October 15, 2025January 15, 2026
Dividends payable as of record date$63,053 $67,100 $74,806 $74,806 
Dividends record dateMarch 31, 2025June 30, 2025September 30, 2025December 31, 2025
2024
Dividends declared per share$0.29 $0.29 $0.29 $0.29 
Dividends payment dateApril 15, 2024July 15, 2024October 15, 2024January 15, 2025
Dividends payable as of record date$41,192 $44,721 $49,721 $54,388 
Dividends record dateMarch 28, 2024June 28, 2024September 30, 2024December 31, 2024
2023
Dividends declared per share$0.28 $0.28 $0.28 $0.28 
Dividends payment dateApril 14, 2023July 14, 2023October 13, 2023January 12, 2024
Dividends payable as of record date[1]
$27,846 $27,853 $32,403 $36,531 
Dividends record dateMarch 31, 2023June 30, 2023September 29, 2023December 29, 2023
(1)Dividends payable includes dividends on performance stock awards that will be paid if and when the shares subject to such awards vest if deemed probable of meeting their performance condition.
Cash distributions paid to common stockholders for federal income tax purposes are as follows for the periods presented:
 
Year Ended December 31,
Common Stock20252024
2023
Ordinary dividend$1.2950 $0.8529 $0.8218 
Non-dividend distributions— 0.2971 0.2932 
Total taxable distribution1.2950 1.1500 1.1150 
Distributions allocated from prior tax year(1)
(0.2900)(0.2800)(0.2750)
Distributions allocated to subsequent tax year(1)
0.3350 0.2900 0.2800 
Total distributions declared$1.3400 $1.1600 $1.1200 
(1) The dividend distributions made to holders of record as of the end of each year and paid in January of the following year were considered a dividend distribution in the following year for federal income tax purposes.
Schedule of Pretax Income and Income Tax Expense by Geography for Continuing Operations
The following table summarizes pretax income and income tax expense by geography for continuing operations for the period presented (dollars in thousands):
For the Year Ended December 31, 2025
Pretax income
Income tax expense
Domestic
$316,553 $19 
Foreign
8,734 4,982 
Total
$325,287 $5,001 
The following table summarizes the Company’s income tax expense (benefit) from continuing operations for the period presented (dollars in thousands):
For the Year Ended December 31, 2025
Income tax expense
Current - Federal
$66 
Current - State
6 
Deferred - Federal
(53)
Deferred - Foreign
4,982 
Total income tax expense (benefit)$5,001 
Schedule of Reconciliation of Income Taxes
A reconciliation of income taxes, which is computed by applying the federal corporate tax rate for the year ended December 31, 2025, to the income tax expense (benefit) is as follows for the period presented (in thousands):
For Year Ended December 31,
2025
Tax at statutory rate on earnings from continuing operations before, noncontrolling interests and income taxes$68,310 21.0 %
Tax at statutory rate on earnings not subject to federal income taxes(83,602)(25.7)%
Other differences20,293 6.2 %
Totals
$5,001 1.5 %
Schedule of Tax Effects of Taxable and Deductible Temporary Differences The tax effects of taxable and deductible temporary differences, as well as tax asset and liability attributes, are summarized as follows for the period presented (in thousands):
As of December 31,
2025
Deferred tax assets (liabilities):
Foreign net operating loss carryforward$1,395 
Investment in partnerships53 
Valuation allowance on deferred tax asset(1,395)
Net deferred tax assets53 
Deferred tax related to investment in foreign subsidiary(5,558)
Net deferred tax liability(5,558)
Net deferred tax assets (liabilities)$(5,505)