Three Months Ended

Nine Months Ended

September 30,

(in thousands)

2025

2024

2025

2024

Net income

$

71,248

$

37,516

$

205,518

$

112,473

Less: Allocation of earnings to participating securities

(544)

(430)

(2,434)

(1,607)

Net income attributable to common stockholders

$

70,704

$

37,086

$

203,084

$

110,866

Allocation of earnings to cash or share settled restricted stock units⁽¹⁾

—

(129)

1

(352)

Diluted net income attributable to common stockholders

$

70,704

$

36,957

$

203,085

$

110,514

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

174,619

165,847

174,549

158,205

Effect of dilutive securities:

Performance-based restricted stock units

278

325

295

306

Time-based restricted stock units

14

—

5

—

ESPP shares

2

1

6

7

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

174,913

166,173

174,855

158,518