XML 25 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE (EPS)
Basic EPS is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from the vesting of outstanding restricted stock awards, restricted stock units, performance stock units and stock options. The following table shows the computation of basic and diluted EPS for the three and six month periods ended June 30, 2024 and 2023, respectively:

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Numerator:
Net income attributable to ACIC common stockholders$19,054 $17,779 $42,653 $285,059 
Denominator:
Weighted-average shares outstanding47,821,115 43,229,416 47,572,236 43,178,758 
Effect of dilutive securities1,577,348 575,801 1,589,997 511,677 
Weighted-average diluted shares49,398,463 43,805,217 49,162,233 43,690,435 
Earnings available to ACIC common stockholders per share
Basic
$0.40 $0.41 $0.90 $6.59 
Diluted
$0.39 $0.41 $0.87 $6.52 

See Note 16 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.