CAPITAL STOCK AND STOCK COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

CAPITAL STOCK AND STOCK COMPENSATION [Abstract]

Schedule of changes in shares of common stock outstanding

The following table shows the changes in shares of common stock for 2025, 2024, and 2023:

	2025	2024	2023
Common stock outstanding at beginning	49,194,458	48,925,562	49,120,648
Common stock issued - vessel acquisitions	—	623,778	—
Restricted common stock issued - non-executive directors	28,072	21,818	26,878
Common stock issued - vesting or exercise of share-based compensation	371,381	283,537	291,813
Common stock withheld for employee taxes	(189,833)	(158,591)	(147,294)
Common stock repurchased	—	(501,646)	(366,483)
Common stock outstanding at ending	49,404,078	49,194,458	48,925,562

Summary of stock repurchase program

Year-ended December 31,	Total shares repurchased		Average Price per share		Total Cost (In thousands)
2024	501,646	$	49.81	$	24,985
2023	366,483	$	38.03	$	13,937

Schedule of activity of restricted common stock, restricted stock units, and stock options

Activity for the three years ended December 31, 2025	Total	Restricted Common Stock	Time-based Restricted Stock Units	Performance-based Restricted Stock Units	Stock Options
Share-based Compensation Awards Outstanding at December 31, 2022	920,648	49,301	411,564	189,533	270,250
Grants	132,658	26,878	52,890	52,890	—
PRSU Adjustments for above target achievement	16,233	—	—	16,233	—
PRSU Cancellations for below target achievement	(3,641)	—	—	(3,641)	—
Forfeitures	—	—	—	—	—
Stock options exercised(1)	(30,654)	—	—	—	(30,654)
Restricted shares, RSUs and PRSUs Vested ($19.63 - $43.05 per share)(1)	(311,004)	(46,660)	(186,809)	(77,535)	—
Share-based Compensation Awards Outstanding at December 31, 2023	724,240	29,519	277,645	177,480	239,596
Grants	151,974	21,818	82,076	48,080	—
PRSU Adjustments for above target achievement	31,144	—	—	31,144	—
PRSU Cancellations for below target achievement	—	—	—	—	—
Forfeitures	—	—	—	—	—
Stock options exercised(1)	(65,179)	—	—	—	(65,179)
Restricted Shares, RSUs and PRSUs Vested ($19.63 - $51.37 per share)(1)	(330,186)	(33,629)	(140,823)	(155,734)	—
Share-based Compensation Awards Outstanding at December 31, 2024	511,993	17,708	218,898	100,970	174,417
Grants	273,877	28,072	138,037	107,768	—
PRSU Adjustments for above target achievement	16,521	—	—	16,521	—
PRSU Cancellations for below target achievement	—	—	—	—	—
Forfeitures	—	—	—	—	—
Stock options exercised(1)	(46,437)	—	—	—	(46,437)
Restricted Shares, RSUs and PRSUs Vested ($19.63 - $57.17 per share)(1)	(256,329)	(17,708)	(169,210)	(69,411)	—
Share-based Compensation Awards Outstanding at December 31, 2025	499,625	28,072	187,725	155,848	127,980

Schedule of regular and supplemental cash dividend declared and paid

During the year ended December 31, 2025, the Company paid regular quarterly and supplemental cash dividends totaling $144.6 million or $2.93 per share declared by the Company’s Board of Directors as follows:

Declaration Date	Record Date	Payment Date		Regular Quarterly Dividend per Share		Supplemental Dividend per Share		Total Dividends Declared (Dollars in Thousands)
February 26, 2025	March 14, 2025	March 28, 2025	$	0.12	$	0.58	$	34,495
May 7, 2025	June 12, 2025	June 26, 2025	$	0.12	$	0.48	$	29,620
August 5, 2025	September 10, 2025	September 24, 2025	$	0.12	$	0.65	$	38,012
November 5, 2025	December 9, 2025	December 23, 2025	$	0.12	$	0.74	$	42,484

During the year ended December 31, 2024, the Company paid regular quarterly and supplemental cash dividends totaling $284.4 million or $5.77 per share declared by the Company’s Board of Directors as follows:

Declaration Date	Record Date	Payment Date		Regular Quarterly Dividend per Share		Supplemental Dividend per Share		Total Dividends Declared (Dollars in Thousands)
February 28, 2024	March 14, 2024	March 28, 2024	$	0.12	$	1.20	$	64,665
May 7, 2024	June 12, 2024	June 26, 2024	$	0.12	$	1.63	$	86,930
August 6, 2024	September 11, 2024	September 25, 2024	$	0.12	$	1.38	$	73,789
November 6, 2024	December 13, 2024	December 27, 2024	$	0.12	$	1.08	$	59,031

During the year ended December 31, 2023, the Company paid regular quarterly and supplemental cash dividends totaling $308.2 million or $6.29 per share declared by the Company’s Board of Directors as follows:

Declaration Date	Record Date	Payment Date		Regular Quarterly Dividend per Share		Supplemental Dividend per Share		Total Dividends Declared (Dollars in Thousands)
February 27, 2023	March 14, 2023	March 28, 2023	$	0.12	$	1.88	$	98,321
May 4, 2023	June 14, 2023	June 28, 2023	$	0.12	$	1.50	$	79,259
August 8, 2023	September 13, 2023	September 27, 2023	$	0.12	$	1.30	$	69,428
November 6, 2023	December 13, 2023	December 27, 2023	$	0.12	$	1.13	$	61,157