Three Months Ended

Six Months Ended

June 30,

(in thousands)

2025

2024

2025

2024

Net income

$

63,420

$

34,425

$

134,270

$

74,957

Less: Allocation of earnings to participating securities

(486)

(435)

(1,891)

(1,180)

Net income attributable to common stockholders

$

62,934

$

33,990

$

132,379

$

73,777

Allocation of earnings to cash or share settled restricted stock units

(16)

(138)

448

(223)

Diluted net income attributable to common stockholders

$

62,918

$

33,852

$

132,827

$

73,554

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

175,007

154,496

174,513

154,342

Effect of dilutive securities:

Performance-based restricted stock units

255

287

304

301

ESPP shares

2

4

5

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

175,264

154,785

174,821

154,648