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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table summarizes the calculation of earnings per share under the two-class method:
| Quarter Ended March 31,
| 2026 |  | 2025
(dollars in thousands, except per share amounts) | Class A common stock |  | Class B common stock |  | Consolidated |  | Class A common stock |  | Class B common stock |  | Consolidated
Net income |  |  |  |  | $ | 44,090 |  |  |  |  |  |  | $ | 43,791 |
Basic: |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |
Allocation of distributed earnings (cash dividends declared) | $ | 88,110 |  |  | $ | 4,458 |  |  | $ | 92,568 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Allocation of undistributed earnings (losses) | (46,151) |  |  | (2,327) |  |  | (48,478) |  |  | 41,489 |  |  | 2,302 |  |  | 43,791 |
Allocation of distributed and undistributed earnings | $ | 41,959 |  |  | $ | 2,131 |  |  | $ | 44,090 |  |  | $ | 41,489 |  |  | $ | 2,302 |  |  | $ | 43,791 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 221,047,803 |  |  | 1,114,448 |  |  | 222,162,251 |  |  | 200,884,880 |  |  | 1,114,448 |  |  | 201,999,328 |
Basic earnings per share (1) | $ | 0.19 |  |  | $ | 1.91 |  |  | $ | 0.20 |  |  | $ | 0.21 |  |  | $ | 2.07 |  |  | $ | 0.22 |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |
Allocation of distributed and undistributed earnings | $ | 41,959 |  |  | $ | 2,131 |  |  | $ | 44,090 |  |  | $ | 41,489 |  |  | $ | 2,302 |  |  | $ | 43,791 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 221,047,803 |  |  | 1,114,448 |  |  | 222,162,251 |  |  | 200,884,880 |  |  | 1,114,448 |  |  | 201,999,328 |
Dilutive effect of unvested RSUs or PSUs (2) | 155,490 |  |  | — |  |  | 155,490 |  |  | 59,420 |  |  | — |  |  | 59,420 |
Diluted weighted average common shares outstanding | 221,203,293 |  |  | 1,114,448 |  |  | 222,317,741 |  |  | 200,944,300 |  |  | 1,114,448 |  |  | 202,058,748 |
Diluted earnings per share (1) | $ | 0.19 |  |  | $ | 1.91 |  |  | $ | 0.20 |  |  | $ | 0.21 |  |  | $ | 2.07 |  |  | $ | 0.22 |
(1)Periods prior to September 2, 2025 have been restated as a result of the adjustment to common shares outstanding based on the exchange ratio from the Merger of 3,301.0920 for Class A common stock and 330.1092 for Class B common stock. (2)No RSUs or PSUs were antidilutive for the quarter ended March 31, 2026 and 2025.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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