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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings per Common Share  
Schedule of calculation of basic and diluted net income per common share

Year Ended December 31, 

(in thousands)

2024

    

2023

    

2022

Net income

$

172,231

$

104,998

$

44,296

Less: Allocation of earnings to participating securities

 

(2,279)

 

(1,878)

 

(1,429)

Net income attributable to common stockholders

$

169,952

$

103,120

$

42,867

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

1,004

Diluted net income attributable to common stockholders

$

170,956

$

103,120

$

42,867

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

162,037

154,126

153,281

Effect of dilutive securities:

Performance-based restricted stock units

328

207

125

ESPP shares

10

11

4

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

162,375

154,344

153,410

Schedule of anti-dilutive shares excluded from diluted income per common share

Year Ended December 31, 

(in thousands)

2024

    

2023

    

2022

Net income

$

172,231

$

104,998

$

44,296

Less: Allocation of earnings to participating securities

 

(2,279)

 

(1,878)

 

(1,429)

Net income attributable to common stockholders

$

169,952

$

103,120

$

42,867

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

1,004

Diluted net income attributable to common stockholders

$

170,956

$

103,120

$

42,867

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

162,037

154,126

153,281

Effect of dilutive securities:

Performance-based restricted stock units

328

207

125

ESPP shares

10

11

4

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

162,375

154,344

153,410