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Net Income Available to Common Stockholders Per Share of the Company
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Available to Common Stockholders Per Share of the Company Net Income Available to Common Stockholders Per Share of the Company
The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three and nine months ended September 30, 2025 and 2024:

 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$156,220 $52,378 $263,677 $151,509 
Allocation to participating securities (1)
(551)(173)(911)(1,792)
Numerator for basic and diluted net income available to common stockholders$155,669 $52,205 $262,766 $149,717 
Denominator:  
Basic weighted average vested shares outstanding118,295,812 117,830,481 118,258,947 117,515,623 
Effect of dilutive securities526,450 413,432 464,974 439,140 
Diluted weighted average vested shares and common stock equivalents outstanding118,822,262 118,243,913 118,723,921 117,954,763 
Basic earnings per share:  
Net income available to common stockholders per share$1.32 $0.44 $2.22 $1.27 
Diluted earnings per share:  
Net income available to common stockholders per share$1.31 $0.44 $2.21 $1.27 
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(1)Participating securities include certain vested time-based RSUs and market measure-based RSUs.
Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including RSUs, are considered in our diluted earnings per share calculation for the three and nine months ended September 30, 2025 and 2024. Certain market measure-based RSUs are not included in dilutive securities for the three and nine months ended September 30, 2025 and 2024, as not all performance metrics had been met by the end of the applicable reporting periods. Additionally, certain unvested time-based RSUs are not included in dilutive securities for the nine months ended September 30, 2024, as they were anti-dilutive. See Note 8 “Share-Based Compensation” for additional information regarding share-based compensation.