Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 40

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 was unrecognized compensation expense of $77.6 million related to RSUs and $30.2 million related to TSRs, which the Company expects to recognize over a weighted average period of 2.2 years and 1.7 years, respectively.

The Company recorded stock-based compensation expense recognized under ASC 718 for the three months ended June 30, 2025 and 2024, of $16.4 million and $10.7 million, respectively, with corresponding tax benefits of $2.6 million and $1.7 million, respectively. The Company recorded stock-based compensation expense recognized under ASC 718 for the six months ended June 30, 2025 and 2024, of $28.0 million and $18.8 million, respectively, with corresponding tax benefits of $4.4 million and $3.1 million, respectively. 

6. 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 authorize 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 2,713,799 shares for $134.7 million during the six months ended June 30, 2025. Under the program to date, the Company has repurchased 65,581,636 shares for approximately $1.2 billion. As of June 30, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was $223.5 million.Subsequent to June 30, 2025, the Company has repurchased additional shares under the repurchase program.

7. 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 issuable shares for which performance targets have been achieved.The following table reconciles the weighted average share amounts used to compute both basic and diluted earnings per share (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Weighted average shares outstanding:Basic weighted average shares outstanding104,376 105,395 104,860