Business Segments and Geographic Information (Tables)

9 Months Ended

Sep. 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						Nine Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Revenues:
U.S. Secure Services	$	385,007		$	368,493		$	1,123,507		$	1,073,140
Electronic Monitoring and Supervision Services		94,489			137,039			335,158			346,444
Reentry Services		71,375			65,406			203,192			192,557
International Services		51,914			45,745			143,028			143,904
Total revenues	$	602,785		$	616,683		$	1,804,885		$	1,756,045
Operating income from segments:
U.S. Secure Services	$	64,187		$	67,462		$	195,589		$	214,994
Electronic Monitoring and Supervision Services		46,651			67,673			166,460			160,838
Reentry Services		16,826			9,816			37,198			34,027
International Services		3,281			3,192			8,564			12,740
Operating income from segments	$	130,945		$	148,143		$	407,811		$	422,599
General and Administrative Expenses		(47,356	)		(50,022	)	$	(139,182	)		(147,878	)
Total Operating Income	$	83,589		$	98,121		$	268,629		$	274,721

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						Nine Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Operating income from segments	$	130,945		$	148,143		$	407,811		$	422,599
Unallocated amounts:
General and administrative expenses		(47,356	)		(50,022	)		(139,182	)		(147,878	)
Net interest expense		(54,457	)		(41,426	)		(161,296	)		(95,082	)
Loss on extinguishment of debt		(91	)		(37,487	)		(1,845	)		(37,487	)
Gain on disposition on asset divestitures		1,274			29,279			3,449			32,332
Income before income taxes and equity in earnings of    affiliates	$	30,315		$	48,487		$	108,937		$	174,484