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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2023
EARNINGS PER SHARE | 7. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CoreCivic, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted stock-based awards and stock options. A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
NUMERATOR |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 13,892 |  |  | $ | 68,318 |  |  | $ | 41,122 |  |  | $ | 97,883 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 13,892 |  |  | $ | 68,318 |  |  | $ | 41,122 |  |  | $ | 97,883 |
DENOMINATOR |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 113,605 |  |  |  | 116,569 |  |  |  | 113,919 |  |  |  | 119,282 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 113,605 |  |  |  | 116,569 |  |  |  | 113,919 |  |  |  | 119,282 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock-based awards |  |  | 802 |  |  |  | 881 |  |  |  | 686 |  |  |  | 774 |
Weighted average shares and assumed conversions |  |  | 114,407 |  |  |  | 117,450 |  |  |  | 114,605 |  |  |  | 120,056 |
BASIC EARNINGS PER SHARE |  | $ | 0.12 |  |  | $ | 0.59 |  |  | $ | 0.36 |  |  | $ | 0.82 |
DILUTED EARNINGS PER SHARE |  | $ | 0.12 |  |  | $ | 0.58 |  |  | $ | 0.36 |  |  | $ | 0.82 |
Approximately 16,000 and 0.1 million stock options were excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2022, respectively, because they were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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