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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 2024 and 2023 as follows (in thousands, except per share data):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
Net income |  | $ | 26,289 |  |  | $ | 24,503 |  |  | $ | 16,385 |  |  | $ | 82,022 |
Net loss attributable to noncontrolling interests |  |  | 31 |  |  |  | 16 |  |  |  | 90 |  |  |  | 71 |
Less: Undistributed income allocable to participating securities |  |  | - |  |  |  | (4,159 | ) |  |  | (1,338 | ) |  |  | (13,944 | )
Net income attributable to The GEO Group, Inc. available to common stockholders |  |  | 26,320 |  |  |  | 20,360 |  |  |  | 15,137 |  |  |  | 68,149 |
Basic earnings per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 135,961 |  |  |  | 122,066 |  |  |  | 129,682 |  |  |  | 121,850 |
Per share amount |  | $ | 0.19 |  |  | $ | 0.17 |  |  | $ | 0.12 |  |  | $ | 0.56 |
Diluted earnings per share attributable to The GEO Group, Inc. available to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 135,961 |  |  |  | 122,066 |  |  |  | 129,682 |  |  |  | 121,850 |
Dilutive effect of equity incentive plans |  |  | 2,169 |  |  |  | 1,367 |  |  |  | 2,340 |  |  |  | 1,629 |
Weighted average shares assuming dilution |  |  | 138,130 |  |  |  | 123,433 |  |  |  | 132,022 |  |  |  | 123,479 |
Per share amount |  | $ | 0.19 |  |  | $ | 0.16 |  |  | $ | 0.11 |  |  | $ | 0.55 |

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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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