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Earnings per Common Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The calculation of basic and diluted earnings per share ("EPS") was as follows:
 Three Months Ended March 31,
 20252024
(In thousands, except per share data)
Basic earnings per Class A common share
Numerator:
Net income$25,773 $4,750 
Denominator:
Weighted-average Class A shares issued and outstanding54,361 52,942 
Basic earnings per Class A common share$0.47 $0.09 
Diluted earnings per Class A common share
Numerator:
Net income allocated to Class A common stockholders$25,773 $4,750 
Denominator:
Weighted-average Class A shares issued and outstanding54,361 52,942 
Dilutive potential common shares:
Service-based restricted stock units863 259 
Performance-based restricted stock units6 
Employee stock purchase plan52 65 
Diluted weighted-average Class A shares issued and outstanding55,282 53,270 
Diluted earnings per Class A common share$0.47 $0.09 
For the periods presented, we excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive.
Note 13—Earnings per Common Share (continued)
The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
 Three Months Ended March 31,
 20252024
(In thousands)
Class A common stock
Options to purchase Class A common stock 1,009 
Service-based restricted stock units602 1,278 
Performance-based restricted stock units717 141 
Total 1,319 2,428