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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income $ 286,143 $ 49,565
Items included in net income not affecting cash flows:    
Depreciation and amortization 40,567 39,705
Amortization of debt discount and other deferred financing costs 1,261 983
Stock compensation 1,461 1,946
Other - net (529) 456
Items included in net income related to investing and financing activities:    
Gain on disposal of vessels and other assets, net (88,171) (10,021)
Holding gain on previously held equity interest (3,919) 0
Payments for drydocking (13,850) (16,900)
Insurance claims proceeds related to vessel operations 95 312
Changes in operating assets and liabilities:    
(Increase)/decrease in receivables (64,580) 25,169
Decrease in deferred revenue (4,539) (7,618)
Net change in inventories, prepaid expenses and other current assets, accounts payable, accrued expenses and other current and long-term liabilities (12,878) (13,650)
Net cash provided by operating activities 141,061 69,947
Cash Flows from Investing Activities:    
Expenditures for vessels, vessel improvements and vessels under construction (70,655) (82,973)
Security deposits returned for vessel exchange transactions 0 5,000
Proceeds from disposal of vessels and other property, net 222,833 115,264
Expenditures for other property (319) (376)
Cash consideration paid for the purchase of equity method investment, net of cash acquired (4,493) 0
Investments in short-term time deposits (225,000) 0
Proceeds from maturities of short-term time deposits 40,000 0
Net cash (used in)/provided by investing activities (37,634) 36,915
Cash Flows from Financing Activities:    
Borrowings on nonrevolving credit facility debt 42,604 0
Repayments of nonrevolving credit facility debt (1,019) 0
Borrowings on revolving credit facilities 0 20,000
Repayments on revolving credit facilities 0 (101,600)
Payments on sale and leaseback financing (5,293) (12,242)
Payments of deferred financing costs (1,563) 0
Cash dividends paid (106,435) (34,495)
Cash paid to tax authority upon vesting or exercise of stock-based compensation (6,796) (3,262)
Net cash used in financing activities (78,502) (131,599)
Net increase/(decrease) in cash and cash equivalents 24,925 (24,737)
Cash and cash equivalents at beginning of year 116,922 157,506
Cash and cash equivalents at end of period $ 141,847 $ 132,769