Acadian Asset Management Inc. Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
Net income attributable to controlling interests | $ | 80.0 | $ | 85.0 | $ | 65.8 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average shares of common stock outstanding—basic | 36,191,989 | 37,770,185 | 41,493,154 | ||||||||||||||
| Potential shares of common stock: | |||||||||||||||||
| Restricted stock units | 30,206 | 22,178 | 7,448 | ||||||||||||||
| Employee stock options | — | 536,043 | 1,037,341 | ||||||||||||||
| Weighted-average shares of common stock outstanding—diluted | 36,222,195 | 38,328,406 | 42,537,943 | ||||||||||||||
| Earnings per share of common stock attributable to controlling interests: | |||||||||||||||||
Basic | $ | 2.21 | $ | 2.25 | $ | 1.59 | |||||||||||
Diluted | $ | 2.21 | $ | 2.22 | $ | 1.55 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.