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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated for the three months ended March 31, 2024 and 2023 as follows (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

 

 

March 31, 2024

 

 

March 31, 2023

 

 

Net income

 

$

22,659

 

 

$

27,994

 

 

Net loss attributable to noncontrolling interests

 

 

9

 

 

 

9

 

 

Less: Undistributed income allocable to participating securities

 

 

(3,834

)

 

 

(4,770

)

 

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

 

 

18,834

 

 

 

23,233

 

 

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

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

122,497

 

 

 

121,432

 

 

Per share amount

 

$

0.15

 

 

$

0.19

 

 

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

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

122,497

 

 

 

121,432

 

 

Dilutive effect of equity incentive plans

 

 

2,800

 

 

 

2,220

 

 

Dilutive effect of exchangeable notes

 

 

5,690

 

 

 

1,487

 

 

Weighted average shares assuming dilution

 

 

130,987

 

 

 

125,139

 

 

Per share amount

 

$

0.14

 

 

$

0.19