Earnings Per Share

6 Months Ended

Jul. 03, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

5. EARNINGS PER SHARE

Basic earnings per share is computed by dividing the income from continuing operations attributable to The GEO Group, Inc. shareholders by the weighted average number of outstanding shares of common stock. The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share (“EPS”) were calculated for the thirteen and twenty-six weeks ended July 3, 2011 and July 4, 2010 as follows (in thousands, except per share data):

	Thirteen Weeks Ended					Twenty-six Weeks Ended
	July 3, 2011		July 4, 2010			July 3, 2011		July 4, 2010
Net income	$	21,163	$	17,025		$	37,543	$	34,733
Net (income) loss attributable to noncontrolling interests		415		(8	)		825		(44	)
Income attributable to The GEO Group, Inc.	$	21,578	$	17,017		$	38,368	$	34,689
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding		64,455		48,776			64,373		49,743
Per share amount	$	0.33	$	0.35		$	0.60	$	0.70
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding		64,455		48,776			64,373		49,743
Effect of dilutive securities: Stock options and restricted stock		403		538			414		737
Weighted average shares assuming dilution		64,858		49,314			64,787		50,480
Per share amount	$	0.33	$	0.35		$	0.59	$	0.69

Thirteen Weeks

For the thirteen weeks ended July 3, 2011, 77,472 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive.

For the thirteen weeks ended July 4, 2010, 25,893 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive.

Twenty-Six Weeks

For the twenty-six weeks ended July 3, 2011, 56,094 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive.

For the twenty-six weeks ended July 4, 2010, 38,973 weighted average shares of stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. No shares of restricted stock were anti-dilutive.