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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Changes in Shareholders' Equity that are Attributable to the Company's Shareholders and to Noncontrolling Interests | The following tables present the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests for the three and six months ended June 30, 2022 and 2021 (in thousands):
|  | Common shares |  |  | Additional Paid-In |  |  | Distributions in Excess of |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, March 31, 2022 |  |  | 124,011 |  |  | $ | 1,289 |  |  | $ | 1,281,268 |  |  | $ | (137,741 | ) |  | $ | (17,632 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,250 | ) |  | $ | 1,020,835 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 3,556 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,556 |
Restricted stock granted |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted stock canceled |  |  | (14 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (91 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (91 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (3 | ) |  |  | — |  |  |  | (17 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (17 | )
Issuance of common stock - ESPP |  |  | 7 |  |  |  | — |  |  |  | 60 |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 60 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 53,727 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (54 | ) |  |  | 53,673 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,207 | ) |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | (8,184 | )
Balance, June 30, 2022 |  |  | 124,003 |  |  | $ | 1,289 |  |  | $ | 1,284,867 |  |  | $ | (84,105 | ) |  | $ | (25,839 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,281 | ) |  | $ | 1,069,832 |
|  | Common shares |  |  | Additional Paid-In |  |  | Distributions in Excess of |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, March 31, 2021 |  |  | 122,303 |  |  | $ | 1,272 |  |  | $ | 1,268,027 |  |  | $ | (202,834 | ) |  | $ | (20,110 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,083 | ) |  | $ | 940,173 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 4,023 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,023 |
Restricted stock granted |  |  | 200 |  |  |  | 2 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Restricted stock canceled |  |  | (93 | ) |  |  | (1 | ) |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Shares withheld for net settlements of share- based awards [1] |  |  | (12 | ) |  |  | — |  |  |  | (100 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (100 | )
Issuance of common stock - ESPP |  |  | 11 |  |  |  | — |  |  |  | 65 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 65 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41,959 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (28 | ) |  |  | 41,931 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,022 | ) |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | (1,024 | )
Balance, June 30, 2021 |  |  | 122,409 |  |  | $ | 1,273 |  |  | $ | 1,272,014 |  |  | $ | (160,875 | ) |  | $ | (21,132 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,113 | ) |  | $ | 985,068 |
|  | Common shares |  |  | Additional Paid-In |  |  | Distributions in Excess of |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance January 1, 2022 |  |  | 122,472 |  |  | $ | 1,273 |  |  | $ | 1,276,213 |  |  | $ | (175,960 | ) |  | $ | (20,216 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,195 | ) |  | $ | 975,016 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 9,869 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,869 |
Restricted stock granted |  |  | 1,786 |  |  |  | 18 |  |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted stock canceled |  |  | (40 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (91 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (91 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (229 | ) |  |  | (2 | ) |  |  | (1,300 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,302 | )
Issuance of common stock - ESPP |  |  | 14 |  |  |  | — |  |  |  | 103 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 103 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 91,946 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (94 | ) |  |  | 91,852 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,623 | ) |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | (5,615 | )
Balance, June 30, 2022 |  |  | 124,003 |  |  | $ | 1,289 |  |  | $ | 1,284,867 |  |  | $ | (84,105 | ) |  | $ | (25,839 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,281 | ) |  | $ | 1,069,832 |
|  | Common shares |  |  | Additional Paid-In |  |  | Earnings in Excess of |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Distributions |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, January 1, 2021 |  |  | 121,318 |  |  | $ | 1,262 |  |  | $ | 1,262,267 |  |  | $ | (222,892 | ) |  | $ | (22,589 | ) |  |  | 4,835 |  |  | $ | (104,946 | ) |  | $ | (1,020 | ) |  | $ | 912,082 |
Proceeds from exercise of stock options |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 11,426 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,426 |
Restricted stock granted |  |  | 1,448 |  |  |  | 14 |  |  |  | (14 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Restricted stock canceled |  |  | (111 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Dividends paid |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,487 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,487 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (256 | ) |  |  | (3 | ) |  |  | (1,999 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,002 | )
Issuance of common stock - ESPP |  |  | 27 |  |  |  | — |  |  |  | 180 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 180 |
Purchase of treasury shares |  |  | (17 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | (153 | ) |  |  | — |  |  |  | (153 | )
Other adjustment to additional paid-in capital |  |  | — |  |  |  | — |  |  |  | 153 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 153 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 92,504 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (88 | ) |  |  | 92,416 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,457 |  |  |  | — |  |  |  | — |  |  |  | (5 | ) |  |  | 1,452 |
Balance, June 30, 2021 |  |  | 122,409 |  |  | $ | 1,273 |  |  | $ | 1,272,014 |  |  | $ | (160,875 | ) |  | $ | (21,132 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,113 | ) |  | $ | 985,068 |
[1] During the three and six months ended June 30, 2022 and 2021, the Company withheld shares through net share settlements to satisfy statutory tax withholding requirements upon vesting of shares of restricted stock held by employees.
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:
|  | Six Months Ended June 30, 2022 |
|  | (In thousands) |
|  | Foreign currency translation adjustments, net of tax (1) |  |  | Change in fair value of derivatives, net of tax |  |  | Change in marketable securities, net of tax |  |  | Pension adjustments, net of tax |  |  | Total |
Balance, January 1, 2022 |  | $ | (12,461 | ) |  | $ | (2,524 | ) |  | $ | 7 |  |  | $ | (5,238 | ) |  | $ | (20,216 | )
Current-period other comprehensive income (loss) |  |  | (9,409 | ) |  |  | 4,374 |  |  |  | (758 | ) |  |  | 170 |  |  |  | (5,623 | )
Balance, June 30, 2022 |  | $ | (21,870 | ) |  | $ | 1,850 |  |  | $ | (751 | ) |  | $ | (5,068 | ) |  | $ | (25,839 | )
|  | Six Months Ended June 30, 2021 |
|  | (In thousands) |
|  | Foreign currency translation adjustments, net of tax (1) |  |  | Change in fair value of derivatives, net of tax |  |  | Pension adjustments, net of tax |  |  | Total |
Balance, January 1, 2021 |  | $ | (9,207 | ) |  | $ | (4,752 | ) |  | $ | (8,630 | ) |  | $ | (22,589 | )
Current-period other comprehensive income (loss) |  |  | (636 | ) |  |  | 311 |  |  |  | 1,782 |  |  |  | 1,457 |
Balance, June 30, 2021 |  | $ | (9,843 | ) |  | $ | (4,441 | ) |  | $ | (6,848 | ) |  | $ | (21,132 | )
(1) The foreign currency translation related to noncontrolling interests was not significant at June 30, 2022 or 2021.

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
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