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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Weighted Average Number of Shares | The following table sets forth the computation of basic and diluted earnings per share under the two-class method (in thousands, except per share data):
Year Ended December 31, | 2024 |  | 2023 |  | 2022
Net income available to stockholders | $ | 466,379 |  |  | $ | 434,957 |  |  | $ | 368,599 |
Less dividends paid: |  |  |  |  |
Common stock | (296,818) |  |  | (263,016) |  |  | (210,509) |
Time-lapse restricted awards | (1,313) |  |  | (1,332) |  |  | (1,109) |
Undistributed earnings for the period | $ | 168,248 |  |  | $ | 170,609 |  |  | $ | 156,981 |
Allocation of undistributed earnings: |  |  |  |  |
Common stock | $ | 167,507 |  |  | $ | 169,687 |  |  | $ | 156,123 |
Time-lapse restricted awards | 741 |  |  | 859 |  |  | 823 |
Restricted stock units | — |  |  | 63 |  |  | 35 |
Weighted-average shares outstanding: |  |  |  |  |
Weighted-average outstanding common shares | 482,117 |  | 487,480 |  | 489,719
Add participating securities: |  |  |  |  |
Weighted-average time-lapse restricted awards | 2,132 |  | 2,469 |  | 2,581
Total weighted-average shares outstanding – basic | 484,249 |  | 489,949 |  | 492,300
Dilutive effect of restricted stock units | 46 |  | 181 |  | 113
Total weighted-average shares outstanding – diluted | 484,295 |  | 490,130 |  | 492,413
Basic earnings per share: |  |  |  |  |
Common stock: |  |  |  |  |
Distributed earnings | $ | 0.62 |  |  | $ | 0.54 |  |  | $ | 0.43 |
Undistributed earnings | 0.34 |  |  | 0.35 |  |  | 0.32 |
| $ | 0.96 |  |  | $ | 0.89 |  |  | $ | 0.75 |
Diluted earnings per share: |  |  |  |  |
Common stock: |  |  |  |  |
Distributed earnings | $ | 0.62 |  |  | $ | 0.54 |  |  | $ | 0.43 |
Undistributed earnings | 0.34 |  |  | 0.35 |  |  | 0.32 |
| $ | 0.96 |  |  | $ | 0.89 |  |  | $ | 0.75 |

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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