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Common Stock (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Declared Dividends Per Share
The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows:
Dividends per Common Share
Amount
(in thousands)
2025:
Third Quarter$0.235 $14,388 
Second Quarter0.235 14,298 
First Quarter0.235 14,576 
Total dividends declared in 2025$0.705 $43,262 
2024:
Fourth Quarter$0.215 $13,476 
Third Quarter0.215 13,787 
Second Quarter0.215 13,873 
First Quarter0.215 14,155 
Total dividends declared in 2024$0.860 $55,291 
Schedule of Share Repurchase Activity
The Company's share repurchase activity for the periods presented was as follows:
Three months ended September 30,Nine months ended September 30,
(in thousands, except share and per share amounts)2025202420252024
Shares repurchased in the open market:
Shares repurchased — 493,040 953,406 1,627,793 
Average price$— $65.96 $65.56 $64.70 
Aggregate value (1)
$— $32,522 $62,509 $105,323 
Shares repurchased from Magnus:
Shares repurchased953,406 587,520 1,889,313 587,520 
Average price (2)
$65.56 $63.83 $66.17 $63.83 
Aggregate value$62,509 $37,499 $125,009 $37,499 
Total shares repurchased:
Shares repurchased953,406 1,080,560 2,842,719 2,215,313 
Average price$65.56 $64.80 $65.96 $64.47 
Aggregate value$62,509 $70,021 $187,518 $142,822 
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(1) Includes $0.5 million related to shares repurchased not settled as of the nine months ended September 30, 2024.
(2) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as, open market purchases made after the completion of the Magnus share repurchase agreements.