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EQUITY STRUCTURE AND ACCOUNTS (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Common Stock Repurchase Activity
The following tables summarize the Company’s repurchase activity of its Class A common stock during the years ended December 31, 2023 and 2022 ($ in thousands):
SharesAmount(1)
Authorizations remaining as of December 31, 2022$46,737 
Repurchases paid:
March 1, 2023 - March 31, 2023 250,000 (2,285)
September 1 - September 30, 202319,000 (196)
Authorizations remaining as of December 31, 2023$44,256 
(1)Amount excludes commissions paid associated with share repurchases.
SharesAmount(1)
Authorizations remaining as of December 31, 2021$44,122 
Additional authorizations(2)10,534 
Repurchases paid783,599 (7,919)
Authorizations remaining as of December 31, 2022$46,737 
(1)Amount excludes commissions paid associated with share repurchases.
(2)On July 27, 2022 the Board authorized repurchases up to $50.0 million in aggregate.
SharesAmount(1)
Authorizations remaining as of December 31, 2020$38,102 
Additional authorizations(2)15,027 
Repurchases paid822,928 (9,007)
Authorizations remaining as of December 31, 2021$44,122 
(1)Amount excludes commissions paid associated with share repurchases.
(2)On August 4, 2021, the Board authorized additional repurchases of up to $50.0 million in aggregate.
Schedule of Dividends Declared and Paid
The following table presents dividends declared (on a per share basis) of Class A common stock for the years ended December 31, 2023 and 2022:
Declaration DateDividend per Share
March 15, 2023$0.23 
June 15, 20230.23 
September 15, 20230.23 
December 15, 20230.23 
Total$0.92 
March 15, 2022$0.20 
June 15, 20220.22 
September 15, 20220.23 
December 15, 20220.23 
Total$0.88 
December 15, 2021$0.20 
September 15, 20210.20 
June 15, 20210.20 
March 15, 20210.20 
Total$0.80 
The following table presents the tax treatment for our aggregate distributions per share of common stock paid for the years ended December 31, 2023, 2022 and 2021:
Record DatePayment DateDividend per ShareOrdinary DividendsQualified DividendsCapital GainUnrecaptured 1250 GainReturn of CapitalSection 199A
Dividends
March 31, 2023April 17, 20230.230 0.230 — — — — 0.230 
June 30, 2023July 17, 20230.230 0.230 — — — — 0.230 
September 29, 2023October 16, 20230.230 0.230 — — — — 0.230 
December 29, 2023January 16, 2024(1)0.230 0.230 — — — — 0.230 
Total$0.920 $0.920 $— $— $— $— $0.920 

(1)The fourth quarter dividend paid on January 16, 2024 was $0.230 and is considered a 2023 dividend for U.S. federal income tax purposes.

Record DatePayment DateDividend per ShareOrdinary DividendsQualified DividendsCapital GainUnrecaptured 1250 GainReturn of CapitalSection 199A
Dividends
December 31, 2021January 18, 2022(1)$0.200 $0.034 $— $0.166 $0.051 $— $0.034 
March 31, 2022April 15, 20220.200 0.034 — 0.166 0.051 — 0.034 
June 30, 2022July 15, 20220.220 0.038 — 0.182 0.056 — 0.038 
September 30, 2022October 17, 20220.230 0.039 — 0.191 0.059 — 0.039 
December 31, 2022January 17, 2023(2)0.230 0.039 — 0.191 0.059 — 0.039 
Total$1.080 $0.184 $— $0.896 $0.276 $— $0.184 
(1)The fourth quarter dividend paid on January 18, 2022 was $0.200 and is considered a 2022 dividend for U.S. federal income tax purposes.
(2)The fourth quarter dividend paid on January 16, 2023 was $0.230 and is considered a 2022 dividend for U.S. federal income tax purposes.
Record DatePayment DateDividend per ShareOrdinary DividendsQualified DividendsCapital GainUnrecaptured 1250 GainReturn of CapitalSection 199A
Dividends
December 31, 2020January 15, 2021(1)$0.200 $0.053 $0.001 $0.095 $0.039 $0.052 $0.053 
March 31, 2021April 15, 20210.200 0.053 0.001 0.095 0.039 0.052 0.053 
June 30, 2021July 15, 20210.200 0.053 0.001 0.095 0.039 0.052 0.053 
September 30, 2021October 15, 20210.200 0.053 0.001 0.095 0.039 0.052 0.053 
December 31, 2021January 18, 2022(2)— — — — — — — 
Total$0.800 $0.212 $0.004 $0.380 $0.156 $0.208 $0.212 
(1)The fourth quarter dividend paid on January 15, 2021 was $0.200 and is considered a 2021 dividend for U.S. federal income tax purposes.
(2)The fourth quarter dividend paid on January 18, 2022 was $0.200 and is considered a 2022 dividend for U.S. federal income tax purposes.
Schedule of Accumulated Other Comprehensive Income
The following table presents changes in accumulated other comprehensive income related to the cumulative difference between the fair market value and the amortized cost basis of securities classified as available for sale for the years ended December 31, 2023 and 2022 ($ in thousands):

Year Ended December 31,
202320222021
Accumulated Other Comprehensive Income (Loss) beginning of period$(21,009)$(4,112)$(10,463)
Other comprehensive income (loss)7,156 (16,897)6,351 
Accumulated Other Comprehensive Income (Loss) end of period$(13,853)$(21,009)$(4,112)