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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Share | Basic and diluted earnings per share were calculated for the three and nine months ended September 30, 2023 and 2022 as follows (in thousands, except per share data):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2023 |  |  | September 30, 2022 |  |  | September 30, 2023 |  |  | September 30, 2022 |
Net income |  | $ | 24,503 |  |  | $ | 38,312 |  |  | $ | 82,022 |  |  | $ | 130,164 |
Net loss attributable to noncontrolling interests |  |  | 16 |  |  |  | 25 |  |  |  | 71 |  |  |  | 119 |
Less: Undistributed income allocable to participating securities |  |  | (4,159 | ) |  |  | (6,543 | ) |  |  | (13,944 | ) |  |  | (22,259 | )
Net income attributable to The GEO Group, Inc. available to common stockholders |  |  | 20,360 |  |  |  | 31,794 |  |  |  | 68,149 |  |  |  | 108,024 |
Basic earnings per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 122,066 |  |  |  | 121,154 |  |  |  | 121,850 |  |  |  | 120,998 |
Per share amount |  | $ | 0.17 |  |  | $ | 0.26 |  |  | $ | 0.56 |  |  | $ | 0.89 |
Diluted earnings per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 122,066 |  |  |  | 121,154 |  |  |  | 121,850 |  |  |  | 120,998 |
Dilutive effect of equity incentive plans |  |  | 1,367 |  |  |  | 1,272 |  |  |  | 1,629 |  |  |  | 909 |
Weighted average shares assuming dilution |  |  | 123,433 |  |  |  | 122,426 |  |  |  | 123,479 |  |  |  | 121,907 |
Per share amount |  | $ | 0.16 |  |  | $ | 0.26 |  |  | $ | 0.55 |  |  | $ | 0.89 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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