Earnings per Share

6 Months Ended

Jun. 30, 2025

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 months ended June 30, 2025 and 2024, respectively:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income attributable to ACIC common stockholders	$	26,442	$	19,054	$	47,790	$	42,653

Denominator:
Weighted-average shares outstanding		48,434,446		47,821,115		48,285,665		47,572,236
Effect of dilutive securities		1,201,642		1,577,348		1,271,217		1,589,997
Weighted-average diluted shares		49,636,088		49,398,463		49,556,882		49,162,233

Earnings available to ACIC common stockholders per share
Basic	$	0.55	$	0.40	$	0.99	$	0.90
Diluted	$	0.53	$	0.39	$	0.96	$	0.87

See Note 17 of these Notes to Unaudited Condensed Consolidated Financial Statements for additional information on the stock grants related to dilutive securities.