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Common Stock (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Declared Dividends Per Share
The Company declared dividends per common share, including DERs (Note 17), during the periods presented as follows:
 Dividends
per Common Share
Amount
(in thousands)
2025:
  
Fourth Quarter$0.235 $14,112 
Third Quarter0.235 14,388 
Second Quarter0.235 14,298 
First Quarter0.235 14,576 
Total dividends declared in 2025
$0.940 $57,374 
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 
2023:
  
Fourth Quarter$0.195 $12,941 
Third Quarter0.195 13,098 
Second Quarter0.195 13,667 
First Quarter0.195 13,629 
Total dividends declared in 2023
$0.780 $53,335 
Schedule of Share Repurchase Activity
The Company's share repurchase activity for the periods presented was as follows:
Year ended December 31,
(in thousands, except share and per share amounts)202520242023
Shares repurchased in the open market:
Shares repurchased1,244,337 2,070,660 2,492,883 
Average price$69.53 $65.34 $53.13 
Aggregate value (1)
$86,515 $135,301 $132,437 
Shares repurchased from Magnus:
Shares repurchased1,889,313 587,520 3,993,522 
Average price (2)
$66.17 $63.82 $50.08 
Aggregate value (1)
$125,009 $37,498 $200,002 
Total shares repurchased:
Shares repurchased3,133,650 2,658,180 6,486,405 
Average price$67.50 $65.01 $51.25 
Aggregate value (1)
$211,524 $172,799 $332,439 
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(1) Excludes $0.7 million, $1.1 million and $1.1 million of excise tax on share repurchases during the years ended December 31, 2025, 2024 and 2023 respectively, which was included in the cost basis of treasury stock acquired.
(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.