XML 95 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share | 8. EARNINGS PER SHARE Basic earnings per share of common stock is computed by dividing the net income attributable to The GEO Group, Inc. by the weighted average number of outstanding shares of common stock. The calculation of diluted earnings per share is similar to that of basic earnings per share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share were calculated for the three months ended March 31, 2020 and 2019 as follows (in thousands, except per share data):
|  | Three Months Ended |  |
|  | March 31, 2020 |  |  | March 31, 2019 |  |
Net income |  | $ | 25,121 |  |  | $ | 40,649 |  |
Net loss attributable to noncontrolling interests |  |  | 60 |  |  |  | 56 |  |
Net income attributable to The GEO Group, Inc. |  |  | 25,181 |  |  |  | 40,705 |  |
Basic earnings per share attributable to The GEO Group, Inc.: |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 119,394 |  |  |  | 118,774 |  |
Per share amount |  | $ | 0.21 |  |  | $ | 0.34 |  |
Diluted earnings per share attributable to The GEO Group, Inc.: |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 119,394 |  |  |  | 118,774 |  |
Dilutive effect of equity incentive plans |  |  | 539 |  |  |  | 722 |  |
Weighted average shares assuming dilution |  |  | 119,933 |  |  |  | 119,496 |  |
Per share amount |  | $ | 0.21 |  |  | $ | 0.34 |  |
For the three months ended March 31, 2020, 1,626,201 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 967,784 common stock equivalents from restricted shares that were anti-dilutive. For the three months ended March 31, 2019, 1,191,206 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 759,382 common stock equivalents from restricted shares that were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration