XML 56 R49.htm IDEA: XBRL DOCUMENT v3.24.3
Shareholders' Equity - Changes in Shareholders' Equity - Parenthetical (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
 [2]
Dec. 31, 2023
6.50% Exchangeable Senior Notes due 2026          
Class of Stock [Line Items]          
Stated interest rate 6.50% 6.50% 6.50%   6.50%
6.50% Exchangeable Senior Notes due 2026 | Convertible Notes          
Class of Stock [Line Items]          
Stated interest rate 6.50% 6.50% 6.50%   6.50%
Debt instrument retired principal amount $ 229.7 $ 229.7      
Debt instrument converted amount 410.0 410.0      
Common shares          
Class of Stock [Line Items]          
Cash consideration $ 229.7 $ 229.7      
Shares issued     4,210,000 [1] 642,000  
Common shares | 6.50% Exchangeable Senior Notes due 2026          
Class of Stock [Line Items]          
Shares issued in connection with exchange for a portion of outstanding debt 12,430,285 12,430,285      
Shares issued 4,209,847 4,209,847      
Shares issued 4,209,847 4,209,847      
[1] During the second and third quarters of 2024, the Company retired $229.7 million in aggregate principal amount of its outstanding

6.50% Exchangeable Senior Notes in private exchange transactions for an exchange value of approximately $410 million. The

consideration consisted of cash of $229.7 million and 12,430,285 shares of GEO common stock. Of the total amount of shares issued,

the Company issued 4,209,847 shares that were previously held in treasury. Refer to Note 10 - Debt for further information.
[2] The Company sold treasury shares to partially fund its obligation under its Amended and Restated Executive Retirement

Agreement with its Executive Chairman. Refer to Note 13 - Benefit Plans for further information.