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Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands):
|  | Common shares |  |  | Additional Paid-In |  |  | Accumulated |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2022 |  |  | 124,003 |  |  | $ | 1,289 |  |  | $ | 1,284,867 |  |  | $ | (84,105 | ) |  | $ | (25,839 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,281 | ) |  | $ | 1,069,832 |
Proceeds from exercise of stock options |  |  | 3 |  |  |  | — |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 3,141 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,141 |
Restricted stock granted |  |  | 50 |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted stock canceled |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Issuance of common stock - ESPP |  |  | 7 |  |  |  | — |  |  |  | 48 |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 48 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 38,337 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (25 | ) |  |  | 38,312 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (798 | ) |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | (775 | )
Balance, September 30, 2022 |  |  | 124,057 |  |  | $ | 1,290 |  |  | $ | 1,288,075 |  |  | $ | (45,766 | ) |  | $ | (26,637 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,283 | ) |  | $ | 1,110,580 |
|  | Common shares |  |  | Additional Paid-In |  |  | Accumulated |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, June 30, 2021 |  |  | 122,409 |  |  | $ | 1,273 |  |  | $ | 1,272,014 |  |  | $ | (160,875 | ) |  | $ | (21,132 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,113 | ) |  | $ | 985,068 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 4,329 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,329 |
Restricted stock granted |  |  | 103 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Restricted stock canceled |  |  | (43 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Other adjustment to paid-in capital [2] |  |  |  |  |  |  |  |  | (3,600 | ) |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  | (3,600 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (12 | ) |  |  | — |  |  |  | (90 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (90 | )
Issuance of common stock - ESPP |  |  | 8 |  |  |  | — |  |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 34,710 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (69 | ) |  |  | 34,641 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,722 | ) |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | (2,714 | )
Balance, September 30, 2021 |  |  | 122,465 |  |  | $ | 1,273 |  |  | $ | 1,272,725 |  |  | $ | (126,165 | ) |  | $ | (23,854 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,174 | ) |  | $ | 1,017,706 |
|  | Common shares |  |  | Additional Paid-In |  |  | Accumulated |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Nine Months Ended September 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 |
Proceeds from exercise of stock options |  |  | 3 |  |  |  | — |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 13,010 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,010 |
Restricted stock granted |  |  | 1,836 |  |  |  | 18 |  |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restricted stock canceled |  |  | (46 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (89 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (89 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (229 | ) |  |  | (1 | ) |  |  | (1,300 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,301 | )
Issuance of common stock - ESPP |  |  | 21 |  |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 150 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 130,283 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (119 | ) |  |  | 130,164 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,421 | ) |  |  | — |  |  |  | — |  |  |  | 31 |  |  |  | (6,390 | )
Balance, September 30, 2022 |  |  | 124,057 |  |  | $ | 1,290 |  |  | $ | 1,288,075 |  |  | $ | (45,766 | ) |  | $ | (26,637 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,283 | ) |  | $ | 1,110,580 |
|  | Common shares |  |  | Additional Paid-In |  |  | Accumulated |  |  | Accumulated Other Comprehensive |  |  | Treasury shares |  |  | Noncontrolling |  |  | Total Shareholders' |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Deficit |  |  | Loss |  |  | Shares |  |  | Amount |  |  | Interests |  |  | Equity |
For the Nine Months Ended September 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 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 15,755 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,755 |
Restricted stock granted |  |  | 1,551 |  |  |  | 16 |  |  |  | (16 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Restricted stock canceled |  |  | (154 | ) |  |  | (2 | ) |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | - |
Dividends paid |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,487 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30,487 | )
Shares withheld for net settlements of share- based awards [1] |  |  | (268 | ) |  |  | (3 | ) |  |  | (2,088 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,091 | )
Issuance of common stock - ESPP |  |  | 35 |  |  |  | — |  |  |  | 252 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 252 |
Purchase of treasury shares |  |  | (17 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | (153 | ) |  |  | — |  |  |  | (153 | )
Other adjustment to additional paid-in capital |  |  | — |  |  |  | — |  |  |  | (3,447 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,447 | )
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 127,214 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (157 | ) |  |  | 127,057 |
Other comprehensive income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,265 | ) |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | (1,262 | )
Balance, September 30, 2021 |  |  | 122,465 |  |  | $ | 1,273 |  |  | $ | 1,272,725 |  |  | $ | (126,165 | ) |  | $ | (23,854 | ) |  |  | 4,852 |  |  | $ | (105,099 | ) |  | $ | (1,174 | ) |  | $ | 1,017,706 |
[1] The Company withheld shares through net settlements to satisfy statutory tax withholding requirements upon the vesting of shares of restricted stock held by employees. [2] Represents a reclassification from equity to other non-current liabilities in connection with an Amended and Restated Executive Retirement Agreement with the Company's former CEO as the former CEO's retirement payment will no longer be settled with a fixed number of shares but will instead be paid in cash. Refer to Note 13 - Benefit Plans for further information.
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:
|  | Nine Months Ended September 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) |  |  | (11,679 | ) |  |  | 6,247 |  |  |  | (1,245 | ) |  |  | 256 |  |  |  | (6,421 | )
Balance, September 30, 2022 |  | $ | (24,140 | ) |  | $ | 3,723 |  |  | $ | (1,238 | ) |  | $ | (4,982 | ) |  | $ | (26,637 | )
|  | Nine Months Ended September 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) |  |  | (3,825 | ) |  |  | 2,093 |  |  |  | 467 |  |  |  | (1,265 | )
Balance, September 30, 2021 |  | $ | (13,032 | ) |  | $ | (2,659 | ) |  | $ | (8,163 | ) |  | $ | (23,854 | )
(1) The foreign currency translation related to noncontrolling interests was not significant at September 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 https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 + Details
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