A network device includes a plurality of interfaces configured to receive, from a network, packets to be processed by the network device. A load determination circuit of the network device is configured to determine whether a packet traffic load of the network device is above a traffic load threshold, and a dual-mode counter module is configured to (i) determine a count of quanta associated with the received packets using a first counting mode in response to the load determination unit determining that the packet traffic load is above the traffic load threshold, and (ii) determine a count of quanta associated with the received packets using a second counting mode, different than the first counting mode, in response to the load determination unit determining that the packet traffic load is not above the traffic load threshold.