Earnings per Share

3 Months Ended

Mar. 31, 2026

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 months ended March 31, 2026 and 2025, respectively:


	Three Months Ended March 31,
	2026		2025
Numerator:
Net income attributable to ACIC common stockholders	$	19,254	$	21,348

Denominator:
Weighted-average shares outstanding		48,546,290		48,135,231
Effect of dilutive securities		1,262,542		1,429,490
Weighted-average diluted shares		49,808,832		49,564,721

Earnings available to ACIC common stockholders per share
Basic	$	0.40	$	0.44
Diluted	$	0.39	$	0.43

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