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Summary of Business Operations and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2012
Summary of Business Operations and Significant Accounting Policies [Abstract] |
Components of accumulated other comprehensive income (loss) | The components of accumulated other comprehensive income (loss) attributable to GEO included in the consolidated statement of shareholders' equity are as follows:
|  | 2012 |  | 2011
|  | (In thousands)
Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. [1] |  | $ | 5,755 |  |  | $ | 4,078 |
Unrealized (loss)/gain on derivatives, net of tax |  | (457 | ) |  | 19 |
Pension adjustments, net of tax |  | (2,628 | ) |  | (2,167 | )
Total |  | $ | 2,670 |  |  | $ | 1,930 |
[1] The foreign currency translation adjustment, net of tax, related to noncontrolling interests was not significant for the fiscal years ended December 31, 2012 or January 1, 2012.
Future minimum rentals on lease | Future minimum rentals on this lease are as follows:
Fiscal Year | Annual Rental
| (In thousands)
2013 | $ | 4,625 |
2014 | 4,764 |
2015 | 4,907 |
2016 | 5,054 |
2017 | 5,206 |
Thereafter | 351 |
| $ | 24,907 |
Fair value of stock-based awards | The fair value of stock-based awards was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions for fiscal years ending 2012, 2011 and 2010:
|  | 2012 |  | 2011 |  | 2010
Risk free interest rates |  | 0.78 | % |  | 2.06 | % |  | 0.16 | %
Expected term |  | 4-5 years |  |  | 4-5 years |  |  | 3 months |
Expected volatility |  | 40 | % |  | 43 | % |  | 43 | %
Expected dividend |  | 3 | % |  | — | % |  | — | %

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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