Basic EPS is computed based on the weighted average number of shares of Class A-1 common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options, unvested RSUs, contingent earnout shares, and warrants.

Since the shares issuable under the contingent earnout are contingently issuable shares that depend on future earnings or future market prices of the common stock or a change in control, the shares are excluded when computing diluted EPS unless the shares would be issuable if the reporting date was the end of the contingency period. Upon settlement, these shares are included in Class A-1 common stock in the Company’s basic EPS share count.

The components of basic and diluted EPS were as follows (in thousands, except per share amounts):


	2025		2024		2023
Net income attributable to Accel Entertainment, Inc.	$	51,470	$	35,252	$	45,603



Basic weighted average outstanding shares of common stock	85,020		83,747		85,949
Dilutive effect of stock-based awards for common stock	1,347		1,230		854



Diluted weighted average outstanding shares of common stock	86,367		84,977		86,803

Earnings per common share:
Basic	$	0.61	$	0.42	$	0.53
Diluted	$	0.60	$	0.41	$	0.53

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4.2 million, 4.3 million, and 4.4 million shares for the years ended December 31, 2025, 2024 and 2023, respectively.