Three Months Ended

Six Months Ended

June 30,

(in thousands)

 

2026

 

2025

 

2026

 

2025

Net income

$

66,720

$

63,420

$

140,514

$

134,270

Less: Allocation of earnings to participating securities

(406)

(486)

(2,207)

(1,891)

Net income attributable to common stockholders

$

66,314

$

62,934

$

138,307

$

132,379

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

—

(16)

—

448

Diluted net income attributable to common stockholders

$

66,314

$

62,918

$

138,307

$

132,827

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

174,410

175,007

174,248

174,513

Effect of dilutive securities:

Performance-based restricted stock units

239

255

276

304

Time-based restricted stock units

92

—

94

—

ESPP shares

3

2

8

4

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

174,744

175,264

174,626

174,821