Three Months Ended

Nine Months Ended

September 30,

(in thousands)

2024

2023

2024

2023

Net income

$

37,516

$

30,858

$

112,473

$

71,996

Less: Allocation of earnings to participating securities

(430)

(434)

(1,607)

(1,418)

Net income attributable to common stockholders

$

37,086

$

30,424

$

110,866

$

70,578

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

(129)

—

(352)

—

Diluted net income attributable to common stockholders

$

36,957

$

30,424

$

110,514

$

70,578

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

165,847

154,163

158,205

154,210

Effect of dilutive securities:

Performance-based restricted stock units

325

235

306

181

ESPP shares

1

3

7

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

166,173

154,401

158,518

154,398