Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Weighted Average Number of Shares

Net income per common share was the same for shares of our Class A and Class B common stock because they are entitled to the same liquidation and dividend rights and are therefore combined in the table below. The following table sets forth the computation of basic and diluted net income per common share (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Basic net income per share:
Numerator


Net income attributable to common stockholders	$	45,978	$	33,646	$	129,946	$	101,009
Denominator


Weighted average common shares outstanding; basic	35,436		35,889		35,507		36,036
Net income per common share; basic	$	1.30	$	0.94	$	3.66	$	2.80
Diluted net income per share:
Numerator
Net income attributable to common stockholders	$	45,978	$	33,646	$	129,946	$	101,009
Denominator
Weighted average common shares outstanding; basic	35,436		35,889		35,507		36,036
Add: Weighted average dilutive options outstanding	31		48		20		39
Add: Weighted average dilutive restricted stock units outstanding	111		322		89		293
Weighted average common shares outstanding; diluted	35,578		36,259		35,616		36,368
Net income per common share; diluted	$	1.29	$	0.93	$	3.65	$	2.78

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potentially dilutive securities that are not included in the calculation of diluted net income per share because doing so would be antidilutive are as follows (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025


Restricted stock units	266	2	266	2
Total potentially dilutive securities	266	2	266	2