EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

6.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.

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 March 31,
	2024		2023
NUMERATOR
Basic:
Net income	$	9,543	$	12,400
Diluted:
Net income	$	9,543	$	12,400
DENOMINATOR
Basic:
Weighted average common shares outstanding		112,306		114,533
Diluted:
Weighted average common shares outstanding		112,306		114,533
Effect of dilutive securities:
Restricted stock-based awards		1,181		937
Weighted average shares and assumed conversions		113,487		115,470
BASIC EARNINGS PER SHARE	$	0.08	$	0.11
DILUTED EARNINGS PER SHARE	$	0.08	$	0.11