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Earnings Per Share | 12 Months Ended
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Dec. 31, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the fiscal years ended December 31, 2012, January 1, 2012 and January 2, 2011 as follows:
Fiscal Year | 2012 |  | 2011 |  | 2010
| (In thousands, except per share data)
Income from continuing operations | $ | 144,558 |  |  | $ | 69,644 |  |  | $ | 54,371 |
Loss attributable to noncontrolling interests | 852 |  |  | 1,162 |  |  | 678 |
Income from continuing operations attributable to The GEO Group, Inc. | $ | 145,410 |  |  | $ | 70,806 |  |  | $ | 55,049 |
Basic earnings per share: |  |  |  |  |
Weighted average shares outstanding | 60,934 |  |  | 63,425 |  |  | 55,379 |
Per share amount from continuing operations: | $ | 2.37 |  |  | $ | 1.10 |  |  | $ | 0.98 |
Per share amount from continuing operations attributable to The GEO Group, Inc.: | $ | 2.39 |  |  | $ | 1.12 |  |  | $ | 0.99 |
Diluted earnings per share: |  |  |  |  |
Weighted average shares outstanding | 60,934 |  |  | 63,425 |  |  | 55,379 |
Diluted effect of equity incentive plans | 331 |  |  | 315 |  |  | 610 |
Weighted average shares assuming dilution | 61,265 |  |  | 63,740 |  |  | 55,989 |
Per share amount from continuing operations: | $ | 2.36 |  |  | $ | 1.09 |  |  | $ | 0.97 |
Per share amount from continuing operations attributable to The GEO Group, Inc.: | $ | 2.37 |  |  | $ | 1.11 |  |  | $ | 0.98 |
As discussed in Note 3 - Shareholders' Equity, on December 31, 2012, GEO paid a Special Dividend in connection with its conversion to a REIT. The shareholders were allowed to elect to receive their entire payment of the special dividend in either cash or in shares of common stock, except that GEO placed a limit on the aggregate amount of cash payable to the shareholders. Under ASC 505, Equity and ASU 2010-01, Accounting for Distributions to Shareholders with Components of Stock and Cash, a consensus of the FASB Emerging Issues Task Force, a distribution that allows shareholders to elect to receive cash or stock with a potential limitation on the total amount of cash that all shareholders can elect to receive in the aggregate is considered a share issuance that is reflected in earnings per share prospectively. As such, the stock portion of the Special Dividend is presented prospectively in basic and diluted earnings per share as presented above and was not presented retroactively for all periods presented. For the fiscal year ended December 31, 2012, 62,769 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive. For the fiscal year ended January 1, 2012, 105,307 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive. For the fiscal year ended January 2, 2011, 25,570 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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