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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Basic and Diluted Earnings (Loss) Per Share | Basic and diluted earnings (loss) per share were calculated for the three and six months ended June 30, 2024 and 2023 as follows (in thousands, except per share data):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
Net income (loss) |  | $ | (32,563 | ) |  | $ | 29,525 |  |  | $ | (9,904 | ) |  | $ | 57,519 |
Net loss attributable to noncontrolling interests |  |  | 50 |  |  |  | 46 |  |  |  | 59 |  |  |  | 55 |
Less: Undistributed income allocable to participating securities |  |  | - |  |  |  | (5,016 | ) |  |  | - |  |  |  | (9,787 | )
Net income (loss) attributable to The GEO Group, Inc. available to common stockholders |  |  | (32,513 | ) |  |  | 24,555 |  |  |  | (9,845 | ) |  |  | 47,787 |
Basic earnings (loss) per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 130,518 |  |  |  | 122,045 |  |  |  | 125,631 |  |  |  | 121,740 |
Per share amount |  | $ | (0.25 | ) |  | $ | 0.20 |  |  | $ | (0.08 | ) |  | $ | 0.39 |
Diluted earnings (loss) per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 130,518 |  |  |  | 122,045 |  |  |  | 125,631 |  |  |  | 121,740 |
Dilutive effect of equity incentive plans |  |  | — |  |  |  | 1,233 |  |  |  | — |  |  |  | 1,756 |
Weighted average shares assuming dilution |  |  | 130,518 |  |  |  | 123,278 |  |  |  | 125,631 |  |  |  | 123,496 |
Per share amount |  | $ | (0.25 | ) |  | $ | 0.20 |  |  | $ | (0.08 | ) |  | $ | 0.39 |

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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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