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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Data [Abstract] |
Company's quarterly financial data | The Company’s selected quarterly financial data is as follows (in thousands, except per share data attributable to GEO):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2013 |  |  |  |  |  |  |
Revenues | $ | 377,031 |  |  | $ | 381,653 |  |  | $ | 379,842 |  |  | $ | 383,548 |
Operating income | 41,259 |  |  | 51,387 |  |  | 44,829 |  |  | 48,009 |
Income from continuing operations | 23,438 |  |  | 34,219 |  |  | 32,174 |  |  | 27,631 |
Loss from discontinued operation, net of tax | — |  |  | — |  |  | (2,265 | ) |  | — |
Net Income | 23,438 |  |  | 34,219 |  |  | 29,909 |  |  | 27,631 |
Net Income Attributable to The GEO Group, Inc. | 23,420 |  |  | 34,207 |  |  | 29,897 |  |  | 27,611 |
Basic earnings per share |  |  |  |  |  |  |
Income from continuing operations | $ | 0.33 |  |  | $ | 0.48 |  |  | $ | 0.45 |  |  | $ | 0.39 |
Loss from discontinued operations | $ | — |  |  | $ | — |  |  | $ | (0.03 | ) |  | $ | — |
Net income per share | $ | 0.33 |  |  | $ | 0.48 |  |  | $ | 0.42 |  |  | $ | 0.39 |
Diluted earnings per share |  |  |  |  |  |  |
Income from continuing operations | $ | 0.33 |  |  | $ | 0.48 |  |  | $ | 0.45 |  |  | $ | 0.38 |
Loss from discontinued operations | $ | — |  |  | $ | — |  |  | $ | (0.03 | ) |  | $ | — |
Net income per share | $ | 0.33 |  |  | $ | 0.48 |  |  | $ | 0.42 |  |  | $ | 0.38 |
Note that earnings per share tables may contain slight summation differences due to rounding.
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter [1]
2012 |  |  |  |  |  |  |
Revenues | $ | 360,042 |  |  | $ | 371,174 |  |  | $ | 369,115 |  |  | $ | 378,731 |
Operating income [1] | 40,497 |  |  | 52,941 |  |  | 51,602 |  |  | 39,313 |
Income from continuing operations | 13,755 |  |  | 20,858 |  |  | 14,532 |  |  | 95,413 |
Income (loss) from discontinued operation, net of tax [1] | 1,304 |  |  | 1,619 |  |  | 194 |  |  | (13,777 | )
Net Income | 15,059 |  |  | 22,476 |  |  | 14,727 |  |  | 81,636 |
Net Income Attributable to The GEO Group, Inc. | 15,025 |  |  | 22,501 |  |  | 15,616 |  |  | 81,608 |
Basic earnings per share |  |  |  |  |  |  |
Income from continuing operations | $ | 0.23 |  |  | $ | 0.34 |  |  | $ | 0.25 |  |  | $ | 1.56 |
Income (loss) from discontinued operations | $ | 0.02 |  |  | $ | 0.03 |  |  | $ | — |  |  | $ | (0.23 | )
Net income per share | $ | 0.25 |  |  | $ | 0.37 |  |  | $ | 0.26 |  |  | $ | 1.33 |
Diluted earnings per share |  |  |  |  |  |  |
Income from continuing operations | $ | 0.23 |  |  | $ | 0.34 |  |  | $ | 0.25 |  |  | $ | 1.55 |
Income (loss) from discontinued operations | $ | 0.02 |  |  | $ | 0.03 |  |  | $ | — |  |  | $ | (0.22 | )
Net income per share | $ | 0.25 |  |  | $ | 0.37 |  |  | $ | 0.25 |  |  | $ | 1.32 |
Note that earnings per share tables contain slight summation differences due to rounding. [1] In the Fourth Quarter of 2012, the Company completed a corporate restructuring in order to operate as a REIT effective January 1, 2013. In connection with the REIT conversion, the Company divested one of its operating segments, RTS, and recorded a loss of $14.6 million, net of tax. Refer to Note 2 - Discontinued Operations for additional information. Also, as a result of the REIT restructuring, the Company recorded an income tax benefit of approximately $79.0 million related to the reversal of certain net deferred tax liabilities. Refer to Note 17 - Income Taxes for additional information.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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