XML 64 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic income per common share is computed by dividing the income attributable to The GEO Group, Inc. shareholders by the weighted average number of outstanding shares of common stock. The calculation of diluted income per common share is similar to that of basic income per common share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted income per common share from were calculated for the three months ended March 31, 2014 and March 31, 2013 as follows (in thousands, except per share data):
 
 
Three Months Ended
 
March 31, 2014
 
March 31, 2013
Net Income
$
27,996

 
$
23,438

Net income attributable to noncontrolling interests
(6
)
 
(18
)
Net income attributable to The GEO Group, Inc.
27,990

 
23,420

Basic earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
71,449

 
70,850

Per share amount
$
0.39

 
$
0.33

Diluted earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
71,449

 
70,850

Effect of dilutive securities: Stock options and restricted stock
446

 
562

Weighted average shares assuming dilution
71,895

 
71,412

Per share amount
$
0.39

 
$
0.33



For the three months ended March 31, 2014, 17,070 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were no common stock equivalents from restricted shares that were anti-dilutive.
For the three months ended March 31, 2013, no shares of stock options or restricted stock were anti-dilutive.