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INCOME TAXES (Details) - USD ($) $ in Thousands | 5 Months Ended | 7 Months Ended | 12 Months Ended
--- | --- | --- | ---
May 31, 2020 | Dec. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
INCOME TAXES |  |  |  |  |
Period of disqualification of REIT status |  |  | 4 years |  |
Approximate allocation of the distributions made to stockholders |  |  |  |  |
Percentage of Distributions Representing Ordinary Income to Shareholders |  |  | 43.00% | 45.00% | 73.00%
Percentage of Distributions Representing Capital Gains to Shareholders |  |  | 57.00% | 47.00% |
Percentage of Distributions Representing Return of Capital to Shareholders |  |  |  | 8.00% | 27.00%
Total distributions made to stockholders, percentage |  |  | 100.00% | 100.00% | 100.00%
Reconciliation between dividends declared with the dividends paid deduction |  |  |  |  |
Dividends declared |  |  | $ 37,478 | $ 36,564 | $ 35,663
Dividend reinvestment plan |  |  | 35 | 47 | 247
Dividends before adjustments |  |  | 37,513 | 36,611 | 35,910
Less: Spillover dividends designated to following year |  |  | (2,150) | (9,261) | (8,976)
Less: Return of capital |  |  |  | (3,265) | (9,842)
Plus: Dividends designated from prior year |  |  | 9,261 | 8,976 | 549
Dividends paid deduction |  |  | $ 44,624 | $ 33,061 | $ 17,641
Percentage of discount on common stock purchased through the dividend reinvestment plan |  | 3.00% | 3.00% | 5.00% | 5.00%
Maximum |  |  |  |  |
Reconciliation between dividends declared with the dividends paid deduction |  |  |  |  |
Percentage of discount on common stock purchased through the dividend reinvestment plan | 5.00% |  |  |  |

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