Company: ACIW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000935036-25-000031
Chunk: 36

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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0 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 3,073,321 shares for $151.0 million during the nine months ended September 30, 2025. Under the program to date, the Company has repurchased 65,941,158 shares for approximately $1.2 billion. As of September 30, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was $207.1 million.Subsequent to September 30, 2025, the Company has repurchased additional shares under the repurchase program.On October 31, 2025, the Board of Directors approved $500.0 million for the stock repurchase program in place of the remaining purchase amounts previously authorized.

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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 EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Weighted average shares outstanding:Basic weighted average shares outstanding103,245 104,770 104,316 105,651 Add: Dilutive effect of stock options, RSUs, and contingently issuable shares650 1,248 948 901 Diluted weighted average shares outstanding103,895 106,018 105,264 106,552 The diluted earnings per share computation excludes 1.7 million and 1.0 million options to purchase shares, RSUs, and contingently issuable shares during the three months ended September 30, 2025 and 2024, respectively, as their effect would be anti-dilutive. The diluted earnings per share computation excludes 1.7 million and 1.2 million