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Summary of Business Organization, Operations and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents and restricted cash and cash equivalents reported on the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:
| December 31, 2018 |  | December 31, 2017 |  | December 31, 2016
Cash and Cash Equivalents | $ | 31,255 |  |  | $ | 81,377 |  |  | $ | 68,038 |
Restricted cash and cash equivalents - current | 51,678 |  |  | 44,932 |  |  | 17,133 |
Restricted cash and investments - non-current | 22,431 |  |  | 27,999 |  |  | 20,848 |
Less Restricted investments - non-current | (20,892 | ) |  | (20,763 | ) |  | (15,662 | )
Total cash, cash equivalents and restricted cash and cash equivalents shown in the statement of cash flows | $ | 84,472 |  |  | $ | 133,545 |  |  | $ | 90,357 |
Disaggregation of Revenue | The following table disaggregates GEO's revenue by major source and also provides a reconciliation with revenue information disclosed for reportable segments in Note 15 - Business Segments and Geographic Information:
| Year Ended December 31, 2018 (in thousands) |  |
| U.S. Corrections & Detention |  | GEO Care |  | International |  | Facility Construction and Design |  | Total
Owned and Leased: Corrections & Detention | $ | 1,110,749 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,110,749 |
Owned and Leased: Community-based | — |  |  | 170,805 |  |  | — |  |  | — |  |  | 170,805 |
Owned and Leased: Youth Services | — |  |  | 91,824 |  |  | — |  |  | — |  |  | 91,824 |
Managed Only | 382,224 |  |  | 4,981 |  |  | 253,874 |  |  | — |  |  | 641,079 |
Facility Construction and Design | — |  |  | — |  |  | — |  |  | 4,226 |  |  | 4,226 |
Non-residential Services and Other | — |  |  | 312,703 |  |  | — |  |  | — |  |  | 312,703 |
Total Revenues | $ | 1,492,973 |  |  | $ | 580,313 |  |  | $ | 253,874 |  |  | $ | 4,226 |  |  | $ | 2,331,386 |
| Year Ended December 31, 2017 (in thousands) |  |
| U.S. Corrections & Detention |  | GEO Care |  | International |  | Facility Construction and Design |  | Total
Owned and Leased - Corrections & Detention | $ | 1,055,254 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,055,254 |
Owned and Leased - Community-based | — |  |  | 149,619 |  |  | — |  |  | — |  |  | 149,619 |
Owned and Leased - Youth Services | — |  |  | 88,184 |  |  | — |  |  | — |  |  | 88,184 |
Managed Only | 382,790 |  |  | 3,495 |  |  | 195,806 |  |  | — |  |  | 582,091 |
Facility Construction and Design | — |  |  | — |  |  | — |  |  | 115,404 |  |  | 115,404 |
Non-residential Services and Other | — |  |  | 272,868 |  |  | — |  |  | — |  |  | 272,868 |
Total Revenues | $ | 1,438,044 |  |  | $ | 514,166 |  |  | $ | 195,806 |  |  | $ | 115,404 |  |  | $ | 2,263,420 |
| Year Ended December 31, 2016 (in thousands) |  |
| U.S Corrections & Detention |  | GEO Care |  | International |  | Facility Construction and Design |  | Total
Owned and Leased - Corrections & Detention | $ | 1,042,613 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,042,613 |
Owned and Leased - Community-based | — |  |  | 72,953 |  |  | — |  |  | — |  |  | 72,953 |
Owned and Leased - Youth Services | — |  |  | 85,235 |  |  | — |  |  | — |  |  | 85,235 |
Managed Only | 332,664 |  |  | — |  |  | 157,363 |  |  | — |  |  | 490,027 |
Facility Construction and Design | — |  |  | — |  |  | — |  |  | 252,401 |  |  | 252,401 |
Non-residential services and Other | — |  |  | 236,261 |  |  | — |  |  | — |  |  | 236,261 |
Total Revenues | $ | 1,375,277 |  |  | $ | 394,449 |  |  | $ | 157,363 |  |  | $ | 252,401 |  |  | $ | 2,179,490 |
Components of accumulated other comprehensive income (loss) | The components of accumulated other comprehensive loss attributable to GEO included in the consolidated statement of shareholders' equity are as follows (in thousands):
|  | Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. [1] |  |  | Unrealized loss on derivatives, net of tax |  |  | Pension adjustments, net of tax |  |  | Total |
Balance, December 31, 2017 |  | $ | (7,470 | ) |  | $ | (11,892 | ) |  | $ | (5,084 | ) |  | $ | (24,446 | )
Current-period other comprehensive income (loss) |  | (7,103 | ) |  | 6,146 |  |  | 1,785 |  |  | 828 |
Balance, December 31, 2018 |  | $ | (14,573 | ) |  | $ | (5,746 | ) |  | $ | (3,299 | ) |  | $ | (23,618 | )
[1] The foreign currency translation adjustment, net of tax, related to noncontrolling interests was not significant for the years ended December 31, 2018 or 2017.
Fair value of stock-based awards | The fair value of stock-based option awards was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions for options awarded during years 2018, 2017 and 2016:
|  | 2018 |  | 2017 |  | 2016
Risk free interest rates |  | 2.84% |  | 1.53% |  | 1.45 | %
Expected term |  | 4-5 years |  | 4-5 years |  | 4-5 years |
Expected volatility |  | 40% |  | 36% |  | 25 | %
Expected dividend rate |  | 8.70% |  | 5.79% |  | 8.85 | %
Fair value assumptions of restricted stock | The fair value of restricted stock awards granted in 2018, 2017 and 2016 with market-based performance conditions was determined based on a Monte Carlo simulation, which calculates a range of possible outcomes and the probabilities that they will occur, using the following average key assumptions:
| 2018 | 2017 | 2016
Expected volatility | 44.5 | % | 42.2 | % | 23.5 | %
Beta | 1.05 |  | 1.11 |  | 1.04 |
Risk free interest rate | 2.58 | % | 1.46 | % | 1.08 | %

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