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Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic income per common share is computed by dividing the income from continuing operations 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 from continuing operations per common share was calculated for the three and nine months ended September 30, 2014 and September 30, 2013 as follows (in thousands, except per share data):
 
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
Net income
$
38,965

 
$
32,174

 
$
105,859

 
$
89,831

Net income attributable to noncontrolling interests
26

 
(12
)
 
20

 
(42
)
Net income attributable to The GEO Group, Inc.
38,991

 
32,162

 
105,879

 
89,789

Basic earnings per share attributable to The GEO Group, Inc.:
 
 
 
 
 
 
 
Weighted average shares outstanding
72,380

 
71,201

 
71,862

 
71,046

Per share amount - continuing operations
$
0.54

 
$
0.45

 
$
1.47

 
$
1.26

Diluted earnings per share attributable to The GEO Group, Inc.:
 
 
 
 
 
 
 
Weighted average shares outstanding
72,380

 
71,201

 
71,862

 
71,046

Effect of dilutive securities: Stock options and restricted stock
257

 
454

 
268

 
511

Weighted average shares assuming dilution
72,637

 
71,655

 
72,130

 
71,557

Per share amount - continuing operations
$
0.54

 
$
0.45

 
$
1.47

 
$
1.25



Three Months

For the three months ended September 30, 2014, no shares of common stock underlying options or restricted stock were anti-dilutive.
For the three months ended September 30, 2013, 1,589 weighted average common stock equivalents from restricted stock awards were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were no shares of common stock underlying options that were anti-dilutive.
Nine Months
For the nine months ended September 30, 2014, 165,965 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 288 restricted shares that were anti-dilutive.
For the nine months ended September 30, 2013, no shares of common stock underlying options or restricted stock were anti-dilutive.