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Business Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2025 and 2024, respectively.

Three Months Ended June 30, 2025		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	441,665			$	78,925			$	71,310			$	44,269			$	636,169
Less:
Labor and Related Taxes [1]			248,869				23,360				31,620				24,926				328,775
Medical Services and Supplies [1]			15,740				—				—				—				15,740
Other Segment Items [2]			100,140				23,046				24,049				16,200				163,435
Operating Income from Segments		$	76,916			$	32,519			$	15,641			$	3,143			$	128,219
Unallocated amounts:
General and administrative expense																			(56,246	)
Net interest expense																			(39,441	)
Loss on extinguishment of debt																			(595	)
Other income																			5,514
Income before income taxes and equity in earnings of affiliates																		$	37,451
Capital Expenditures		$	24,578			$	9,202			$	2,418			$	613			$	36,811
Depreciation and amortization		$	22,444			$	6,283			$	3,427			$	578			$	32,732

Three Months Ended June 30, 2024		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	402,097			$	84,745			$	68,960			$	51,383			$	607,185
Less:
Labor and Related Taxes [1]			216,146				22,529				31,896				31,887				302,458
Medical Services and Supplies [1]			16,092				—				—				—				16,092
Other Segment Items [2]			90,090				23,939				24,909				17,354				156,292
Operating Income from Segments		$	79,769			$	38,277			$	12,155			$	2,142			$	132,343
Unallocated amounts:
General and administrative expense																			(52,198	)
Net interest expense																			(48,652	)
Loss on extinguishment of debt																			(82,339	)
Loss on asset divestitures/impairment																			(2,907	)
Loss before income taxes and equity in earnings of affiliates																		$	(53,753	)
Capital Expenditures		$	15,251			$	7,640			$	1,142			$	374			$	24,407
Depreciation and amortization		$	21,175			$	6,252			$	3,304			$	582			$	31,313

Six Months Ended June 30, 2025		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	847,381			$	156,638			$	141,686			$	95,808			$	1,241,513
Less:
Labor and Related Taxes [1]			479,266				46,748				63,374				53,616				643,004
Medical Services and Supplies [1]			30,146				—				—				—				30,146
Other Segment Items [2]			191,822				47,382				47,569				34,638				321,411
Operating Income from Segments		$	146,147			$	62,508			$	30,743			$	7,554			$	246,952
Unallocated amounts:
General and administrative expense																			(113,995	)
Net interest expense																			(79,885	)
Loss on extinguishment of debt																			(595	)
Other income																			5,514
Income before income taxes and equity in earnings of affiliates																		$	57,991
Capital Expenditures		$	43,891			$	19,178			$	3,395			$	1,118			$	67,582
Depreciation and amortization		$	44,719			$	12,145			$	6,869			$	1,135			$	64,868

Six Months Ended June 30, 2024		U.S. Secure Services				Electronic Monitoring and Supervision Services				Reentry Services				International Services				Total
Revenues		$	803,037			$	171,529			$	136,790			$	101,501			$	1,212,857
Less:
Labor and Related Taxes [1]			437,517				44,986				63,448				61,008				606,959
Medical Services and Supplies [1]			34,813				—				—				—				34,813
Other Segment Items [2]			171,697				50,086				48,445				35,882				306,110
Operating Income from Segments		$	159,010			$	76,457			$	24,897			$	4,611			$	264,975
Unallocated amounts:
General and administrative expense																			(105,268	)
Net interest expense																			(97,473	)
Loss on extinguishment of debt																			(82,378	)
Loss on asset divestitures/impairment																			(2,907	)
Loss before income taxes and equity in earnings of affiliates																		$	(23,051	)
Capital Expenditures		$	21,720			$	14,369			$	2,085			$	1,000			$	39,174
Depreciation and amortization		$	41,742			$	12,769			$	6,940			$	1,227			$	62,678

[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

		June 30, 2025				December 31, 2024
		(In thousands)
Segment assets:
U.S. Secure Services		$	2,377,159			$	2,356,105
Electronic Monitoring and Supervision Services			518,354				504,782
Reentry Services			448,439				465,014
International Services			69,710				71,610
Total segment assets		$	3,413,662			$	3,397,511

		Three Months Ended								Six Months Ended
		June 30, 2025				June 30, 2024				June 30, 2025				June 30, 2024
		(In thousands)								(In thousands)
Revenues:
U.S. operations		$	591,901			$	555,768			$	1,145,705			$	1,111,356
Australia operations			39,418				47,352				86,235				93,731
South African operations			4,850				4,065				9,573				7,770
Total revenues		$	636,169			$	607,185			$	1,241,513			$	1,212,857

		June 30, 2025				December 31, 2024
		(In thousands)
Property and Equipment, net:
U.S. operations		$	1,814,232			$	1,890,662
Australia operations			9,526				8,944
South African operations			142				84
Total Property and Equipment, net		$	1,823,900			$	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 June 30, 2025 and December 31, 2024, respectively.

		June 30, 2025				December 31, 2024
		(In thousands)
Reportable segment assets		$	3,413,662			$	3,397,511
Cash			67,861				76,896
Deferred income tax assets			9,522				9,522
Restricted cash and investments, current and non-current			170,374				148,151
Total assets		$	3,661,419			$	3,632,080

Sources of Revenue

Sources of Revenue

The Company derives most of its revenue from the management of secure facilities through public-private partnerships. The Company also derives revenue from the provision of reentry services and electronic monitoring and evidence-based supervision and treatment programs in the United States, and expansion of new and existing secure facilities, processing centers and reentry centers.

		Three Months Ended								Six Months Ended
		June 30, 2025				June 30, 2024				June 30, 2025				June 30, 2024
		(In thousands)								(In thousands)
Revenues:
Secure Services [1]		$	485,934			$	453,480			$	943,189			$	904,538
Electronic Monitoring and Supervision Services			78,925				84,745				156,638				171,529
Reentry Services			71,310				68,960				141,686				136,790
Total revenues		$	636,169			$	607,185			$	1,241,513			$	1,212,857

[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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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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