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INCOME TAXES (Details) - USD ($) $ in Thousands | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
INCOME TAXES |  |  |
Period of disqualification of REIT status | 4 years |  |
Approximate allocation of the distributions made to stockholders (percentages): |  |  |
Ordinary income | 53.00% | 54.00% | 43.00%
Capital gains | 47.00% | 46.00% | 57.00%
Total distributions made to stockholders | 100.00% | 100.00% | 100.00%
Reconciliation between dividends declared with the dividends paid deduction |  |  |
Dividends declared | $ 38,116 | $ 37,915 | $ 37,478
Dividend reinvestment plan | 157 | 102 | 35
Dividends before adjustments | 38,273 | 38,017 | 37,513
Less: Spillover dividends designated to previous year | (4,240) |  |
Less: Spillover dividends designated to following year |  |  | (2,085)
Plus: Dividends designated from prior year |  | 2,085 | 9,261
Plus: Dividends designated from following year | 737 | 4,240 |
Dividends paid deduction | $ 34,770 | $ 44,342 | $ 44,689
Percentage of discount on common stock purchased through the dividend reinvestment plan | 3.00% | 3.00% | 3.00%
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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