Business Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Operating and Reporting Segments

The Company's segment revenues from external customers and a measure of segment profit are as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Revenues:
U.S. Secure Services	$	372,543		$	353,402		$	738,500		$	704,647
Electronic Monitoring and Supervision Services		108,029			121,484			240,669			209,405
Reentry Services		67,594			65,720			131,817			127,151
International Services		45,725			47,571			91,114			98,159
Total revenues	$	593,891		$	588,177		$	1,202,100		$	1,139,362
Operating income from segments:
U.S. Secure Services	$	67,058		$	72,824		$	131,402		$	147,532
Electronic Monitoring and Supervision Services		55,121			54,245			119,809			93,165
Reentry Services		10,186			14,207			20,372			24,211
International Services		1,707			3,094			5,283			9,548
Operating income from segments	$	134,072		$	144,370		$	276,866		$	274,456
General and Administrative Expenses		(41,692	)		(49,296	)	$	(91,826	)		(97,856	)
Total Operating Income	$	92,380		$	95,074		$	185,040		$	176,600

Schedule of Pre-Tax Income Reconciliation of Segments

Pre-Tax Income Reconciliation of Segments

The following is 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 thousands):

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Operating income from segments	$	134,072		$	144,370		$	276,866		$	274,456
Unallocated amounts:
General and administrative expenses		(41,692	)		(49,296	)		(91,826	)		(97,856	)
Net interest expense		(53,749	)		(27,663	)		(106,839	)		(53,656	)
Loss on extinguishment of debt		(1,618	)		-			(1,754	)		-
Gain on disposition on asset divestitures		2,175			3,680			2,175			3,053
Income before income taxes and equity in earnings of    affiliates	$	39,188		$	71,091		$	78,622		$	125,997