Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 31

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 31
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NetBalanceCustomer relationships$444,385 $(279,008)$165,377 $447,654 $(252,828)$194,826 Trademarks and trade names21,685 (21,685)— 21,899 (21,079)820 Total other intangible assets$466,070 $(300,693)$165,377 $469,553 $(273,907)$195,646 Other intangible assets amortization expense recorded during the years ended December 31, 2024, 2023, and 2022, totaled $29.5 million, $33.8 million, and $35.5 million, respectively.Based on capitalized intangible assets as of December 31, 2024, estimated amortization expense amounts in future fiscal years are as follows (in thousands):Fiscal Year Ending December 31,SoftwareAmortizationOther IntangibleAssets Amortization2025$51,962 $20,902 202628,520 20,902 20279,962 20,645 20282,177 18,248 2029272 17,630 Thereafter— 67,050 Total$92,893 $165,377 

67

6. Stock-Based Compensation Plans 

Employee Stock Purchase PlanOn April 6, 2017, the board approved the 2017 Employee Stock Purchase Plan (“2017 ESPP”), which was approved by shareholders at the 2017 Annual Shareholder meeting. The 2017 ESPP provides employees with an opportunity to purchase shares of the Company’s common stock. Under the Company’s 2017 ESPP, a total of 3,000,000 shares of the Company’s common stock have been reserved for issuance to eligible employees. Participating employees are permitted to designate up to the lesser of $25,000 or 10% of their annual base compensation for the purchase of common stock under the ESPP. Purchases under the ESPP are made one calendar month after the end of each fiscal quarter. The price for shares of common stock purchased under the ESPP is 85% of the stock’s fair market value on the last business day of the three-month participation period.Additionally, the discount offered pursuant to the Company’s ESPP discussed above is 15%, which exceeds the 5% non-compensatory guideline in ASC 718 and exceeds the Company’s estimated cost of raising capital. Consequently, the entire 15% discount