Three Months Ended

March 31,

(in thousands)

2024

2023

Net income

$

40,532

$

16,485

Less: Allocation of earnings to participating securities

(748)

(735)

Net income attributable to common stockholders

$

39,784

$

15,750

Less: Allocation of earnings to cash or share settled restricted stock units

(85)

—

Diluted net income attributable to common stockholders

$

39,699

$

15,750

Weighted average common shares outstanding used in basic earnings per common share

154,187

154,116

Effect of dilutive securities:

Performance-based restricted stock units

310

162

ESPP shares

4

3

Weighted average common shares outstanding used in diluted earnings per common share

154,501

154,281