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Earnings Per Share | 12 Months Ended
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Dec. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share |
4. | Earnings Per Share
Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the years ended December 31, 2020, 2019, and 2018 respectively, as follows:
Fiscal Year |  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (In thousands, except per share data) |
Net Income |  | $ | 112,831 |  |  | $ | 166,412 |  |  | $ | 144,827 |
Loss attributable to noncontrolling interests |  |  | 201 |  |  |  | 191 |  |  |  | 262 |
Net income attributable to The GEO Group, Inc. |  | $ | 113,032 |  |  | $ | 166,603 |  |  | $ | 145,089 |
Basic earnings per share attributable to The GEO Group, Inc.: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 119,719 |  |  |  | 119,097 |  |  |  | 120,241 |
Per share amount |  | $ | 0.94 |  |  | $ | 1.40 |  |  | $ | 1.21 |
Diluted earnings per share attributable to The GEO Group, Inc.: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 119,719 |  |  |  | 119,097 |  |  |  | 120,241 |
Dilutive effect of equity incentive plans |  |  | 272 |  |  |  | 214 |  |  |  | 506 |
Weighted average shares assuming dilution |  |  | 119,991 |  |  |  | 119,311 |  |  |  | 120,747 |
Per share amount - diluted |  | $ | 0.94 |  |  | $ | 1.40 |  |  | $ | 1.20 |
For the year ended December 31, 2020, 1,931,407 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. For the same period, 1,652,986 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS. For the year ended December 31, 2019, 1,495,210 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. For the same period, 1,514,177 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS. For the year ended December 31, 2018, 931,473 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. For the same period, 680,062 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS.

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