Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 36

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 36
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Us and $20.0 million related to TSRs, which the Company expects to recognize over a weighted average period of 1.9 years and 1.8 years, respectively.

The Company recorded stock-based compensation expense recognized under ASC 718 during the years ended December 31, 2024, 2023, and 2022, of $41.3 million, $24.5 million, and $29.8 million, respectively, with corresponding tax benefits of $6.7 million, $4.5 million, and $4.5 million, respectively. 

7. Common Stock and Treasury Stock 

In 2005, the board approved a stock repurchase program authorizing the Company, as market and business conditions warrant, to acquire its common stock and periodically authorizes additional funds for the program. In June 2024, the board approved the repurchase of the Company's common stock of up to $400.0 million, in place of the remaining purchase amounts previously authorized.The Company repurchased 3,946,537 shares for $128.5 million under the program for the year ended December 31, 2024. Under the program to date, the Company has repurchased 62,867,837 shares for approximately $1.1 billion. As of December 31, 2024, the maximum remaining amount authorized for purchase under the stock repurchase program was $372.5 million.

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In 2006, the Company began to issue shares of treasury stock upon exercise of stock options, payment of earned performance shares (LTIP performance shares and TSRs), vesting of RSUs, and for issuances of common stock pursuant to the Company’s ESPP. Treasury shares issued by award type are as follows:Years Ended December 31,202420232022Stock options334,242 343,093 406,230 TSRs— — 212,210 RSUs1,020,408 666,026 534,759 ESPP89,071 140,992145,909Total treasury shares issued1,443,721 1,150,111 1,299,108 

8. Earnings Per Share

Basic earnings per share is computed in accordance with ASC 260, Earnings per Share, based on weighted average outstanding common shares. Diluted earnings per share is computed based on basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs, and certain contingently iss