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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Condensed Consolidating Financial Information Disclosure [Abstract] |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME | CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME
| For the Year Ended December 31, 2017
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 711,013 |  |  | $ | 1,810,262 |  |  | $ | 321,612 |  |  | $ | (579,467 | ) |  | $ | 2,263,420 |
Operating expenses | 568,061 |  |  | 1,441,884 |  |  | 270,017 |  |  | (579,467 | ) |  | 1,700,495 |
Depreciation and amortization | 24,580 |  |  | 96,051 |  |  | 3,666 |  |  | — |  |  | 124,297 |
General and administrative expenses | 59,194 |  |  | 104,373 |  |  | 26,776 |  |  | — |  |  | 190,343 |
Operating income | 59,178 |  |  | 167,954 |  |  | 21,153 |  |  | — |  |  | 248,285 |
Interest income | 16,200 |  |  | 4,294 |  |  | 52,069 |  |  | (20,887 | ) |  | 51,676 |
Interest expense | (69,969 | ) |  | (55,080 | ) |  | (43,862 | ) |  | 20,887 |  |  | (148,024 | )
Income before income taxes and equity in earnings of affiliates | 5,409 |  |  | 117,168 |  |  | 29,360 |  |  | — |  |  | 151,937 |
Provision for income taxes | 1,103 |  |  | 9,608 |  |  | 7,247 |  |  | — |  |  | 17,958 |
Equity in earnings of affiliates, net of income tax benefit | — |  |  | — |  |  | 12,045 |  |  | — |  |  | 12,045 |
Income from operations before equity in income of consolidated subsidiaries | 4,306 |  |  | 107,560 |  |  | 34,158 |  |  | — |  |  | 146,024 |
Income from consolidated subsidiaries, net of income tax provision | 141,718 |  |  | — |  |  | — |  |  | (141,718 | ) |  | — |
Net income | 146,024 |  |  | 107,560 |  |  | 34,158 |  |  | (141,718 | ) |  | 146,024 |
Loss attributable to noncontrolling interests | — |  |  | — |  |  | 217 |  |  | $ | — |  |  | 217 |
Net income attributable to The GEO Group, Inc. | $ | 146,024 |  |  | $ | 107,560 |  |  | $ | 34,375 |  |  | $ | (141,718 | ) |  | $ | 146,241 |
Net income | $ | 146,024 |  |  | $ | 107,560 |  |  | $ | 34,158 |  |  | $ | (141,718 | ) |  | $ | 146,024 |
Other comprehensive income (loss), net of tax | — |  |  | (1,420 | ) |  | 7,793 |  |  | — |  |  | 6,373 |
Total comprehensive income | $ | 146,024 |  |  | $ | 106,140 |  |  | $ | 41,951 |  |  | $ | (141,718 | ) |  | $ | 152,397 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 211 |  |  | — |  |  | 211 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 146,024 |  |  | $ | 106,140 |  |  | $ | 42,162 |  |  | $ | (141,718 | ) |  | $ | 152,608 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| For the Year Ended December 31, 2016
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 697,292 |  |  | $ | 1,626,690 |  |  | $ | 420,019 |  |  | $ | (564,511 | ) |  | $ | 2,179,490 |
Operating expenses | 560,694 |  |  | 1,283,447 |  |  | 370,651 |  |  | (564,511 | ) |  | 1,650,281 |
Depreciation and amortization | 25,224 |  |  | 85,852 |  |  | 3,840 |  |  | — |  |  | 114,916 |
General and administrative expenses | 47,354 |  |  | 72,831 |  |  | 28,524 |  |  | — |  |  | 148,709 |
Operating income | 64,020 |  |  | 184,560 |  |  | 17,004 |  |  | — |  |  | 265,584 |
Interest income | 20,409 |  |  | 1,842 |  |  | 28,944 |  |  | (22,699 | ) |  | 28,496 |
Interest expense | (65,018 | ) |  | (55,295 | ) |  | (31,104 | ) |  | 22,699 |  |  | (128,718 | )
Loss on extinguishment of debt | (15,885 | ) |  | — |  |  | — |  |  | — |  |  | (15,885 | )
Income before income taxes and equity in earnings of affiliates | 3,526 |  |  | 131,107 |  |  | 14,844 |  |  | — |  |  | 149,477 |
Provision for income taxes | 1,124 |  |  | 2,108 |  |  | 4,672 |  |  | — |  |  | 7,904 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 6,925 |  |  | — |  |  | 6,925 |
Income from operations before equity in income of consolidated subsidiaries | 2,402 |  |  | 128,999 |  |  | 17,097 |  |  | — |  |  | 148,498 |
Income from consolidated subsidiaries, net of income tax provision | 146,096 |  |  | — |  |  | — |  |  | (146,096 | ) |  | — |
Net income | 148,498 |  |  | 128,999 |  |  | 17,097 |  |  | (146,096 | ) |  | 148,498 |
Loss attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | 217 |  |  | $ | — |  |  | $ | 217 |
Net income attributable to The GEO Group, Inc. | $ | 148,498 |  |  | $ | 128,999 |  |  | $ | 17,314 |  |  | $ | (146,096 | ) |  | $ | 148,715 |
Net income | $ | 148,498 |  |  | $ | 128,999 |  |  | $ | 17,097 |  |  | $ | (146,096 | ) |  | $ | 148,498 |
Other comprehensive income (loss), net of tax | — |  |  | (704 | ) |  | 2,302 |  |  | — |  |  | 1,598 |
Total comprehensive income | $ | 148,498 |  |  | $ | 128,295 |  |  | $ | 19,399 |  |  | $ | (146,096 | ) |  | $ | 150,096 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 198 |  |  | — |  |  | 198 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 148,498 |  |  | $ | 128,295 |  |  | $ | 19,597 |  |  | $ | (146,096 | ) |  | $ | 150,294 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| For the Year ended December 31, 2015
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues | $ | 664,741 |  |  | $ | 1,462,540 |  |  | $ | 272,204 |  |  | $ | (556,178 | ) |  | $ | 1,843,307 |
Operating expenses | 546,100 |  |  | 1,143,679 |  |  | 230,181 |  |  | (556,178 | ) |  | 1,363,782 |
Depreciation and amortization | 24,711 |  |  | 77,582 |  |  | 4,463 |  |  | — |  |  | 106,756 |
General and administrative expenses | 47,553 |  |  | 70,015 |  |  | 19,472 |  |  | — |  |  | 137,040 |
Operating income | 46,377 |  |  | 171,264 |  |  | 18,088 |  |  | — |  |  | 235,729 |
Interest income | 23,771 |  |  | 3,059 |  |  | 11,329 |  |  | (26,581 | ) |  | 11,578 |
Interest expense | (61,293 | ) |  | (57,431 | ) |  | (13,993 | ) |  | 26,581 |  |  | (106,136 | )
Income before income taxes and equity in earnings of affiliates | 8,855 |  |  | 116,892 |  |  | 15,424 |  |  | — |  |  | 141,171 |
Provision for income taxes | 1,083 |  |  | 1,797 |  |  | 4,509 |  |  | — |  |  | 7,389 |
Equity in earnings of affiliates, net of income tax provision | — |  |  | — |  |  | 5,533 |  |  | — |  |  | 5,533 |
Income from operations before equity in income of consolidated subsidiaries | 7,772 |  |  | 115,095 |  |  | 16,448 |  |  | — |  |  | 139,315 |
Income from consolidated subsidiaries, net of income tax provision | 131,543 |  |  | — |  |  | — |  |  | (131,543 | ) |  | — |
Net income | 139,315 |  |  | 115,095 |  |  | 16,448 |  |  | (131,543 | ) |  | 139,315 |
Loss attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | 123 |  |  | $ | — |  |  | $ | 123 |
Net income attributable to The GEO Group, Inc. | $ | 139,315 |  |  | $ | 115,095 |  |  | $ | 16,571 |  |  | $ | (131,543 | ) |  | $ | 139,438 |
Net income | $ | 139,315 |  |  | $ | 115,095 |  |  | $ | 16,448 |  |  | $ | (131,543 | ) |  | $ | 139,315 |
Other comprehensive income (loss), net of tax | — |  |  | 1,276 |  |  | (6,311 | ) |  | — |  |  | (5,035 | )
Total comprehensive income | $ | 139,315 |  |  | $ | 116,371 |  |  | $ | 10,137 |  |  | $ | (131,543 | ) |  | $ | 134,280 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | 215 |  |  | — |  |  | 215 |
Comprehensive income attributable to The GEO Group, Inc. | $ | 139,315 |  |  | $ | 116,371 |  |  | $ | 10,352 |  |  | $ | (131,543 | ) |  | $ | 134,495 |
CONDENSED CONSOLIDATING BALANCE SHEET | CONDENSED CONSOLIDATING BALANCE SHEET
| As of December 31, 2017
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in thousands)
ASSETS
Cash and cash equivalents | $ | 54,666 |  |  | $ | — |  |  | $ | 26,711 |  |  | $ | — |  |  | $ | 81,377 |
Restricted cash and investments | — |  |  | — |  |  | 44,932 |  |  | — |  |  | 44,932 |
Accounts receivable, less allowance for doubtful accounts | 130,354 |  |  | 225,029 |  |  | 34,533 |  |  | — |  |  | 389,916 |
Contract receivable, current portion | — |  |  | — |  |  | 18,142 |  |  | — |  |  | 18,142 |
Prepaid expenses and other current assets | 2,589 |  |  | 24,163 |  |  | 18,590 |  |  | — |  |  | 45,342 |
Total current assets | 187,609 |  |  | 249,192 |  |  | 142,908 |  |  | — |  |  | 579,709 |
Restricted Cash and Investments | — |  |  | 25,715 |  |  | 2,284 |  |  | — |  |  | 27,999 |
Property and Equipment, Net | 777,404 |  |  | 1,209,816 |  |  | 90,903 |  |  | — |  |  | 2,078,123 |
Assets Held for Sale | — |  |  | 3,915 |  |  | — |  |  | — |  |  | 3,915 |
Non-Current Contract Receivable | — |  |  | — |  |  | 404,309 |  |  | — |  |  | 404,309 |
Intercompany Receivable | 1,130,189 |  |  | 88,534 |  |  | 28,218 |  |  | (1,246,941 | ) |  | — |
Non-Current Deferred Income Tax Assets | 863 |  |  | 23,913 |  |  | 1,501 |  |  | — |  |  | 26,277 |
Goodwill | — |  |  | 778,504 |  |  | 447 |  |  | — |  |  | 778,951 |
Intangible Assets, Net | — |  |  | 254,531 |  |  | 808 |  |  | — |  |  | 255,339 |
Investment in Subsidiaries | 1,336,665 |  |  | 456,076 |  |  | 2,190 |  |  | (1,794,931 | ) |  | — |
Other Non-Current Assets | 11,141 |  |  | 115,330 |  |  | 25,210 |  |  | (79,395 | ) |  | 72,286 |
Total Assets | $ | 3,443,871 |  |  | $ | 3,205,526 |  |  | $ | 698,778 |  |  | $ | (3,121,267 | ) |  | $ | 4,226,908 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 20,643 |  |  | $ | 65,475 |  |  | $ | 6,469 |  |  | $ | — |  |  | $ | 92,587 |
Accrued payroll and related taxes | — |  |  | 51,780 |  |  | 19,952 |  |  | — |  |  | 71,732 |
Accrued expenses and other current liabilities | 40,344 |  |  | 115,636 |  |  | 20,344 |  |  | — |  |  | 176,324 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 8,000 |  |  | 1,870 |  |  | 19,050 |  |  | — |  |  | 28,920 |
Total current liabilities | 68,987 |  |  | 234,761 |  |  | 65,815 |  |  | — |  |  | 369,563 |
Non-Current Deferred Income Tax Liabilities | — |  |  | — |  |  | 8,757 |  |  | — |  |  | 8,757 |
Intercompany Payable | 79,984 |  |  | 1,129,590 |  |  | 37,367 |  |  | (1,246,941 | ) |  | — |
Other Non-Current Liabilities | 4,674 |  |  | 157,200 |  |  | 14,223 |  |  | (79,395 | ) |  | 96,702 |
Capital Lease Obligations | — |  |  | 6,059 |  |  | — |  |  | — |  |  | 6,059 |
Long-Term Debt | 2,090,985 |  |  | — |  |  | 90,559 |  |  | — |  |  | 2,181,544 |
Non-Recourse Debt | — |  |  | — |  |  | 365,364 |  |  | — |  |  | 365,364 |
Commitments & Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Total shareholders’ equity attributable to The GEO Group, Inc. | 1,199,241 |  |  | 1,677,916 |  |  | 117,015 |  |  | (1,794,931 | ) |  | 1,199,241 |
Noncontrolling Interests | — |  |  | — |  |  | (322 | ) |  | — |  |  | (322 | )
Total Shareholders’ Equity | 1,199,241 |  |  | 1,677,916 |  |  | 116,693 |  |  | (1,794,931 | ) |  | 1,198,919 |
Total Liabilities and Shareholders' Equity | $ | 3,443,871 |  |  | $ | 3,205,526 |  |  | $ | 698,778 |  |  | $ | (3,121,267 | ) |  | $ | 4,226,908 |
CONDENSED CONSOLIDATING BALANCE SHEET
| As of December 31, 2016
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in thousands)
ASSETS
Cash and cash equivalents | $ | 45,566 |  |  | $ | 842 |  |  | $ | 21,630 |  |  | $ | — |  |  | $ | 68,038 |
Restricted cash and investments | — |  |  | — |  |  | 17,133 |  |  | — |  |  | 17,133 |
Accounts receivable, less allowance for doubtful accounts | 139,571 |  |  | 200,239 |  |  | 16,445 |  |  | — |  |  | 356,255 |
Contract receivable, current portion | — |  |  | — |  |  | 224,033 |  |  | — |  |  | 224,033 |
Prepaid expenses and other current assets | 677 |  |  | 24,096 |  |  | 7,437 |  |  | — |  |  | 32,210 |
Total current assets | 185,814 |  |  | 225,177 |  |  | 286,678 |  |  | — |  |  | 697,669 |
Restricted Cash and Investments | 170 |  |  | 19,742 |  |  | 936 |  |  | — |  |  | 20,848 |
Property and Equipment, Net | 735,104 |  |  | 1,078,220 |  |  | 83,917 |  |  | — |  |  | 1,897,241 |
Contract Receivable | — |  |  | — |  |  | 219,783 |  |  | — |  |  | 219,783 |
Intercompany Receivable | 918,527 |  |  | 141,987 |  |  | 27,290 |  |  | (1,087,804 | ) |  | — |
Non-Current Deferred Income Tax Assets | 764 |  |  | 17,918 |  |  | 11,357 |  |  | — |  |  | 30,039 |
Goodwill | 79 |  |  | 614,941 |  |  | 413 |  |  | — |  |  | 615,433 |
Intangible Assets, Net | — |  |  | 203,138 |  |  | 746 |  |  | — |  |  | 203,884 |
Investment in Subsidiaries | 1,238,772 |  |  | 453,635 |  |  | 2,190 |  |  | (1,694,597 | ) |  | — |
Other Non-Current Assets | 15,011 |  |  | 108,434 |  |  | 20,933 |  |  | (79,866 | ) |  | 64,512 |
Total Assets | $ | 3,094,241 |  |  | $ | 2,863,192 |  |  | $ | 654,243 |  |  | $ | (2,862,267 | ) |  | $ | 3,749,409 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable | $ | 8,402 |  |  | $ | 50,200 |  |  | $ | 21,035 |  |  | $ | — |  |  | $ | 79,637 |
Accrued payroll and related taxes | — |  |  | 41,230 |  |  | 14,030 |  |  | — |  |  | 55,260 |
Accrued expenses and other current liabilities | 36,792 |  |  | 83,906 |  |  | 10,398 |  |  | — |  |  | 131,096 |
Current portion of capital lease obligations, long-term debt and non-recourse debt | 3,000 |  |  | 1,700 |  |  | 233,365 |  |  | — |  |  | 238,065 |
Total current liabilities | 48,194 |  |  | 177,036 |  |  | 278,828 |  |  | — |  |  | 504,058 |
Non-Current Deferred Income Tax Liabilities | — |  |  | — |  |  | — |  |  | — |  |  | — |
Intercompany Payable | 133,039 |  |  | 920,825 |  |  | 33,940 |  |  | (1,087,804 | ) |  | — |
Other Non-Current Liabilities | 2,487 |  |  | 144,383 |  |  | 21,652 |  |  | (79,866 | ) |  | 88,656 |
Capital Lease Obligations | — |  |  | 7,431 |  |  | — |  |  | — |  |  | 7,431 |
Long-Term Debt | 1,935,465 |  |  | — |  |  | — |  |  | — |  |  | 1,935,465 |
Non-Recourse Debt | — |  |  | — |  |  | 238,842 |  |  | — |  |  | 238,842 |
Commitments & Contingencies |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shareholders' Equity: |  |  |  |  |  |  |  |  |
Total shareholders’ equity attributable to The GEO Group, Inc. | 975,056 |  |  | 1,613,517 |  |  | 81,080 |  |  | (1,694,597 | ) |  | 975,056 |
Noncontrolling Interests | — |  |  | — |  |  | (99 | ) |  | — |  |  | (99 | )
Total Shareholders’ Equity | 975,056 |  |  | 1,613,517 |  |  | 80,981 |  |  | (1,694,597 | ) |  | 974,957 |
Total Liabilities and Shareholders' Equity | $ | 3,094,241 |  |  | $ | 2,863,192 |  |  | $ | 654,243 |  |  | $ | (2,862,267 | ) |  | $ | 3,749,409 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, 2017
| The GEO Group, Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
| (Dollars in thousands)
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 118,180 |  |  | $ | 91,467 |  |  | $ | 171,395 |  |  | $ | 381,042 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Acquisition of CEC, cash consideration, net of cash acquired | (353,556 | ) |  | — |  |  | — |  |  | (353,556 | )
Proceeds from sale of property and equipment | 3,436 |  |  | — |  |  | 24 |  |  | 3,460 |
Insurance proceeds - damaged property | 2,754 |  |  | — |  |  | — |  |  | 2,754 |
Change in restricted cash and investments | — |  |  | (5,973 | ) |  | (27,688 | ) |  | (33,661 | )
Capital expenditures | (53,030 | ) |  | (86,336 | ) |  | (9,040 | ) |  | (148,406 | )
Net cash used in investing activities | (400,396 | ) |  | (92,309 | ) |  | (36,704 | ) |  | (529,409 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Payments on long-term debt | (1,140,788 | ) |  | — |  |  | — |  |  | (1,140,788 | )
Proceeds from long-term debt | 1,389,084 |  |  | — |  |  | — |  |  | 1,389,084 |
Payments on non-recourse debt | — |  |  | — |  |  | (307,414 | ) |  | (307,414 | )
Proceeds from non-recourse debt | — |  |  | — |  |  | 181,658 |  |  | 181,658 |
Taxes paid related to net share settlements of equity awards | (4,142 | ) |  | — |  |  | — |  |  | (4,142 | )
Debt issuance costs | (8,701 | ) |  | — |  |  | (841 | ) |  | (9,542 | )
Proceeds from stock options exercised | 6,962 |  |  | — |  |  | — |  |  | 6,962 |
Dividends paid | (227,463 | ) |  | — |  |  | — |  |  | (227,463 | )
Proceeds from issuance of common stock in connection with ESPP | 497 |  |  | — |  |  | — |  |  | 497 |
Proceeds from issuance of common stock in connection with public offering | 275,867 |  |  | — |  |  | — |  |  | 275,867 |
Net cash provided by (used in) financing activities | 291,316 |  |  | — |  |  | (126,597 | ) |  | 164,719 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | (3,013 | ) |  | (3,013 | )
Net Increase (Decrease) in Cash and Cash Equivalents | 9,100 |  |  | (842 | ) |  | 5,081 |  |  | 13,339 |
Cash and Cash Equivalents, beginning of period | 45,566 |  |  | 842 |  |  | 21,630 |  |  | 68,038 |
Cash and Cash Equivalents, end of period | $ | 54,666 |  |  | $ | — |  |  | $ | 26,711 |  |  | $ | 81,377 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, 2016
| The GEO Group Inc. |  | Combined Subsidiary Guarantors |  | Combined Non-Guarantor Subsidiaries |  | Consolidated
| (Dollars in thousands)
Cash Flow from Operating Activities: |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 154,125 |  |  | $ | 66,009 |  |  | $ | (248,162 | ) |  | $ | (28,028 | )
Cash Flow from Investing Activities: |  |  |  |  |  |  |
Proceeds from sale of property and equipment | 2,030 |  |  | — |  |  | — |  |  | 2,030 |
Insurance proceeds - damaged property | — |  |  | — |  |  | 4,733 |  |  | 4,733 |
Change in restricted cash and investments | (24 | ) |  | (3,356 | ) |  | (6,178 | ) |  | (9,558 | )
Capital expenditures | (14,040 | ) |  | (61,811 | ) |  | (5,714 | ) |  | (81,565 | )
Net cash used in investing activities | (12,034 | ) |  | (65,167 | ) |  | (7,159 | ) |  | (84,360 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |
Payments on long-term debt | (934,006 | ) |  | — |  |  | — |  |  | (934,006 | )
Proceeds from long-term debt | 1,012,945 |  |  | — |  |  | — |  |  | 1,012,945 |
Payments on non-recourse debt | — |  |  | — |  |  | (10,064 | ) |  | (10,064 | )
Proceeds from non-recourse debt | — |  |  | — |  |  | 266,835 |  |  | 266,835 |
Taxes paid related to net share settlements of equity awards | (2,336 | ) |  | — |  |  | — |  |  | (2,336 | )
Tax deficiency related to equity compensation | (844 | ) |  | — |  |  | (782 | ) |  | (1,626 | )
Debt issuance costs | (16,980 | ) |  | — |  |  | (4,135 | ) |  | (21,115 | )
Proceeds from stock options exercised | 2,367 |  |  | — |  |  | 980 |  |  | 3,347 |
Dividends paid | (194,748 | ) |  |  |  |  | — |  |  | (194,748 | )
Proceeds from issuance of common stock in connection with ESPP | — |  |  |  |  | 436 |  |  | 436 |
Net cash (used in) provided by financing activities | (133,602 | ) |  | — |  |  | 253,270 |  |  | 119,668 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | — |  |  | — |  |  | 1,120 |  |  | 1,120 |
Net Increase (decrease) in Cash and Cash Equivalents | 8,489 |  |  | 842 |  |  | (931 | ) |  | 8,400 |
Cash and Cash Equivalents, beginning of period | 37,077 |  |  | — |  |  | 22,561 |  |  | 59,638 |
Cash and Cash Equivalents, end of period | $ | 45,566 |  |  | $ | 842 |  |  | $ | 21,630 |  |  | $ | 68,038 |

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