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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated for the years ended December 31, 2023, 2022 and 2021 as follows (in thousands, except per share data):

 

 

Fiscal Year

 

2023

 

 

2022

 

 

2021

 

 

 

(In thousands, except per share data)

 

Net Income

 

$

107,183

 

 

$

171,692

 

 

$

77,233

 

Loss attributable to noncontrolling interests

 

 

142

 

 

 

121

 

 

 

185

 

Less: Undistributed income allocable to participating securities

 

 

(18,223

)

 

 

(29,346

)

 

 

(6,982

)

Net income attributable to The GEO Group, Inc. available to common stockholders

 

$

89,102

 

 

$

142,467

 

 

$

70,436

 

Basic earnings per share attributable to The GEO Group, Inc. available to common stockholders:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

121,908

 

 

 

121,040

 

 

 

120,384

 

Per share amount - basic

 

$

0.73

 

 

$

1.18

 

 

$

0.59

 

Diluted earnings per share attributable to The GEO Group, Inc. available to common stockholders:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

121,908

 

 

 

121,040

 

 

 

120,384

 

Dilutive effect of equity incentive plans

 

 

1,790

 

 

 

1,241

 

 

 

348

 

Weighted average shares assuming dilution

 

 

123,698

 

 

 

122,281

 

 

 

120,732

 

Per share amount - diluted

 

$

0.72

 

 

$

1.17

 

 

$

0.58