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Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

			Year Ended December 31,
			2023						2022						2021
Current taxes:
Bermuda			$	—					$	—					$	—
U.S.			45,861						46,380						6,528
Foreign			580						952						230
			$	46,441					$	47,332					$	6,758
Deferred taxes:
Bermuda			$	—					$	—					$	—
U.S.			8,010						23,522						43,604
Foreign			13						(47)						(5)
			8,023						23,475						43,599
Total income tax expense (benefit)			$	54,464					$	70,807					$	50,357

			December 31, 2023						December 31, 2022
Corporate income taxes payable			$	99					$	—
Unrecognized tax benefits			—						—
Interest accrued			—						—
Penalties			—						—
Income taxes payable			$	99					$	—

Schedule of Income before Income Tax, Domestic and Foreign

			Year Ended December 31,
			2023						2022						2021
Bermuda sources			$	325,453					$	532,391					$	346,023
U.S. sources			201,960						284,468						233,518
Foreign sources			1,140						870						1,056
Income (loss) before income taxes			$	528,553					$	817,729					$	580,597

Schedule of Effective Income Tax Rate Reconciliation

The following table sets forth the difference between the Bermuda statutory income tax rate and the effective tax rate on the Consolidated Statements of Operations for the periods indicated below:

			Year Ended December 31,
			2023						2022						2021
Bermuda tax rate			—		%				—		%				—		%
Change in enacted tax act			0.86		%				0.66		%				—		%
U.S. income taxed at other than the statutory rate			8.54		%				7.58		%				8.75		%
Effect of uncertain tax positions			—		%				(0.06)		%				(0.09)		%
Foreign income taxed at other than the statutory rate			0.10		%				0.16		%				0.11		%
Effect of permanent differences			0.75		%				0.10		%				0.21		%
Other discrete items			0.05		%				0.22		%				(0.31)		%
Effective income tax rate			10.30		%				8.66		%				8.67		%

Summary of Unrecognized Tax Benefits

The following table sets forth the unrecognized tax benefit amounts (in thousands):

			December 31, 2023						December 31, 2022
Beginning balance at January 1			$	—					$	327
Lapse of statute of limitations			—						(327)
Ending balance at December 31			$	—					$	—

Schedule of Deferred Tax Assets and Liabilities

The following table sets forth the components of deferred income tax assets and liabilities (in thousands):

			December 31, 2023						December 31, 2022
Deferred income tax assets:
Net operating loss and interest expense limitation carryforwards			$	6,244					$	3,669
Deferred income			2,344						2,444
Accrued liabilities and other payables			5,191						3,076
Total gross deferred tax assets			13,779						9,189
Less: Valuation allowance			—						(200)
Net deferred tax assets			$	13,779					$	8,989
Deferred income tax liabilities:
Accelerated depreciation			$	321,494					$	337,375
Deferred partnership income (loss)			100,961						73,583
Goodwill and other intangible amortization			4,055						3,974
Derivative instruments			3,170						5,383
Deferred income			—						302
Total gross deferred tax liability			429,680						420,617
Net deferred income tax liability			$	415,901					$	411,628

Summary of Income Tax Interest and Penalties

The following table summarizes interest and penalty expense (in thousands):

			Year Ended December 31,
			2023						2022						2021
Interest expense (benefit)			$	—					$	(86)					$	(78)
Penalty expense (benefit)			$	—					$	(98)					$	(97)

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