EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

The following table sets forth the computation of basic and diluted earnings per share under the two-class method (in thousands, except per share data):

Year Ended December 31,	2023		2022		2021
Net income available to stockholders	$	434,957	$	368,599	$	356,565
Less dividends paid:
Common stock	(263,016)		(210,509)		(207,482)
Time-lapse restricted awards	(1,332)		(1,109)		(1,174)
Undistributed earnings for the period	$	170,609	$	156,981	$	147,909
Allocation of undistributed earnings:
Common stock	$	169,687	$	156,123	$	147,069
Time-lapse restricted awards	859		823		840
Restricted stock units	63		35		—
Weighted-average shares outstanding:
Weighted-average outstanding common shares	487,480		489,719		489,259
Add participating securities:
Weighted-average time-lapse restricted awards	2,469		2,581		2,795
Total weighted-average shares outstanding – basic	489,949		492,300		492,054
Dilutive effect of restricted stock units	181		113		—
Total weighted-average shares outstanding – diluted	490,130		492,413		492,054
Basic earnings per share:
Common stock:
Distributed earnings	$	0.54	$	0.43	$	0.42
Undistributed earnings	0.35		0.32		0.30
	$	0.89	$	0.75	$	0.72
Diluted earnings per share:
Common stock:
Distributed earnings	$	0.54	$	0.43	$	0.42
Undistributed earnings	0.35		0.32		0.30
	$	0.89	$	0.75	$	0.72