EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2025

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. 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.

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,
	2025		2024		2025		2024
NUMERATOR
Basic:
Net income	$	26,309	$	21,096	$	89,965	$	49,593
Diluted:
Net income	$	26,309	$	21,096	$	89,965	$	49,593
DENOMINATOR
Basic:
Weighted average common shares outstanding		106,853		110,271		108,313		111,174
Diluted:
Weighted average common shares outstanding		106,853		110,271		108,313		111,174
Effect of dilutive securities:
Restricted stock-based awards		668		700		726		820
Weighted average shares and assumed conversions		107,521		110,971		109,039		111,994
BASIC EARNINGS PER SHARE	$	0.25	$	0.19	$	0.83	$	0.45
DILUTED EARNINGS PER SHARE	$	0.24	$	0.19	$	0.83	$	0.44