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Business Segments and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Total Operating Income from its Reportable Segments to Income Before Income Taxes and Equity in Earnings

Summarized financial information for the Company's segments is shown in the following tables including a reconciliation of the Company’s total operating income from its reportable segments to the Company’s income before income taxes and equity in earnings of affiliates, in each case, during the three months ended March 31, 2025 and 2024, respectively.

Three Months Ended March 31, 2025		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	405,716			$	77,713			$	70,376			$	50,842			$	604,647
Less:
Labor and Related Taxes [1]			230,397				23,387				31,755				28,689				314,228
Medical Services and Supplies [1]			14,406				—				—				—				14,406
Other Segment Items [2]			91,682				24,337				23,519				17,742				157,280
Operating Income from Segments		$	69,231			$	29,989			$	15,102			$	4,411			$	118,733
Unallocated amounts:
General and administrative expense																			(57,749	)
Net interest expense																			(40,444	)
Loss on extinguishment of debt																			—
Net loss on asset divestitures/impairment																			—
Income before income taxes and equity in earnings of affiliates																		$	20,540
Capital Expenditures		$	19,313			$	9,976			$	977			$	505			$	30,771
Depreciation and amortization		$	22,275			$	5,862			$	3,442			$	557			$	32,136

Three Months Ended March 31, 2024		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	400,940			$	86,784			$	67,830			$	50,118			$	605,672
Less:
Labor and Related Taxes [1]			219,009				22,457				31,552				29,302				302,320
Medical Services and Supplies [1]			18,721				—				—				—				18,721
Other Segment Items [2]			83,969				26,147				23,536				18,347				151,999
Operating Income from Segments		$	79,241			$	38,180			$	12,742			$	2,469			$	132,632
Unallocated amounts:
General and administrative expense																			(53,070	)
Net interest expense																			(48,821	)
Loss on extinguishment of debt																			(39	)
Income before income taxes and equity in earnings of affiliates																		$	30,702
Capital Expenditures		$	5,773			$	6,729			$	1,641			$	625			$	14,768
Depreciation and amortization		$	20,567			$	6,517			$	3,636			$	645			$	31,365

[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included in the amounts shown.

[2] Other segment items include:

U.S. Secure Services - depreciation and amortization, food services and supplies, utilities, repairs and maintenance, rent and lease expense and certain other overhead expenses.

Electronic Monitoring and Supervision Services - depreciation and amortization, cost of goods sold, rent and lease expense and certain other overhead expenses.

Reentry Services - depreciation and amortization, medical services and supplies, food services and supplies, rent and lease expense, utilities and certain other overhead expenses.

International Services - medical services and supplies, food services and supplies, utilities, repairs and maintenance and certain other overhead expenses.

Geographical Information

		March 31, 2025				December 31, 2024
		(In thousands)
Segment assets:
U.S. Secure Services		$	2,367,272			$	2,356,105
Electronic Monitoring and Supervision Services			507,221				504,782
Reentry Services			459,611				465,014
International Services			71,588				71,610
Total segment assets		$	3,405,692			$	3,397,511

Three Months Ended March, 31,		March 31, 2025				March 31, 2024
		(In thousands)
Revenues:
U.S. operations		$	553,804			$	555,588
Australia operations			46,120				46,379
South African operations			4,723				3,705
Total revenues		$	604,647			$	605,672
As of,		March 31, 2025				December 31, 2024
		(In thousands)
Property and Equipment, net:
U.S. operations		$	1,891,453			$	1,890,662
Australia operations			8,932				8,944
South African operations			140				84
Total Property and Equipment, net		$	1,900,525			$	1,899,690

Asset Reconciliation of Segments

The following is a reconciliation of the Company's reportable segment assets to the Company's total assets as of March 31, 2025 and December 31, 2024, respectively.

		March 31, 2025				December 31, 2024
		(In thousands)
Reportable segment assets		$	3,405,692			$	3,397,511
Cash			64,822				76,896
Deferred income tax assets			9,522				9,522
Restricted cash and investments, current and non-current			152,429				148,151
Total assets		$	3,632,465			$	3,632,080

Sources of Revenue

Fiscal Year		2025				2024
		(In thousands)
Revenues:
Secure Services [1]		$	456,558			$	451,058
Electronic Monitoring and Supervision Services			77,713				86,784
Reentry Services			70,376				67,830
Total revenues		$	604,647			$	605,672

[1] Includes international secured services.

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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