Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 46

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 46
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10.7 million and $10.5 million, respectively, are included in other noncurrent liabilities in the consolidated balance sheets. Of the total unrecognized tax benefit amounts at December 31, 2024 and 2023, $20.4 million and $20.1 million, respectively, represent the net unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate in the respective years.A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows (in thousands):202420232022Balance of unrecognized tax benefits at beginning of year$20,889 $26,408 $24,510 Increases for tax positions of prior years1,159 1,568 2,349 Decreases for tax positions of prior years(1,080)(6,560)(3,659)Increases for tax positions established for the current period2,418 3,941 9,320 Decreases for settlements with taxing authorities(141)(532)(63)Reductions resulting from lapse of applicable statute of limitation(2,190)(4,005)(5,833)Adjustment resulting from foreign currency translation(28)69 (216)Balance of unrecognized tax benefits at end of year$21,027 $20,889 $26,408 The Company files income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions, and many foreign jurisdictions. The United States, Ireland, and the United Kingdom are the main taxing jurisdictions in which the Company operates. The years open for audit vary depending on the tax jurisdiction. In the United States, the Company’s federal tax return for years following 2020 are open for audit. In the foreign jurisdictions, the tax returns open for audit generally vary by jurisdiction between 2005 and 2023.The Company is currently under audit by the U.S. Internal Revenue Service for the year ended December 31, 2021. The Company’s Indian income tax returns covering fiscal years ended March 31, 2005, 2014, 2016 and 2020 through 2023 are under audit by the Indian tax authority. Other foreign subsidiaries could face challenges from various foreign tax authorities. It is not certain that the local authorities will accept the Company’s tax positions. The Company believes its tax positions comply with applicable tax law and intends to vigorously defend its positions. However, differing positions on certain issues could be upheld by tax authorities, which could adversely