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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 01, 2012
Jul. 03, 2011
Jul. 01, 2012
Jul. 03, 2011
Revenues $ 412,348 $ 396,804 $ 813,605 $ 777,148
Operating expenses 305,035 299,236 613,295 588,257
Depreciation and amortization 23,807 20,945 46,882 39,646
General and administrative expenses 27,043 27,710 54,484 60,498
Operating income 56,463 48,913 98,944 88,747
Interest income 1,761 1,629 3,568 3,198
Interest expense (20,617) (19,412) (41,424) (36,373)
Income before income taxes, equity in earnings of affiliates and discontinued operations 37,607 31,130 61,088 55,572
Provision for income taxes 14,991 12,302 24,208 21,674
Equity in earnings of affiliates, net of tax provision of $303, $563, $624 and $1,587, respectively 430 1,418 1,178 2,080
Income from continuing operations 23,046 20,246 38,058 35,978
Income (loss) from discontinued operations, net of tax provision (benefit) of $(359), $577, $(330) and $985, respectively (570) 917 (523) 1,565
Net income 22,476 21,163 37,535 37,543
Net (income) loss attributable to noncontrolling interests 25 415 (9) 825
Net income attributable to The GEO Group, Inc. 22,501 21,578 37,526 38,368
Weighted-average common shares outstanding:        
Basic 60,839 64,455 60,803 64,373
Diluted 61,066 64,858 60,984 64,787
Basic:        
Income from continuing operations $ 0.38 $ 0.32 $ 0.63 $ 0.57
Income (loss) from discontinued operations $ (0.01) $ 0.01 $ (0.01) $ 0.02
Income per common share attributable to The GEO Group, Inc. - basic $ 0.37 $ 0.33 $ 0.62 $ 0.60
Diluted:        
Income from continuing operations $ 0.38 $ 0.32 $ 0.62 $ 0.57
Income (loss) from discontinued operations $ (0.01) $ 0.01 $ (0.01) $ 0.02
Income per common share attributable to The GEO Group, Inc - diluted $ 0.37 $ 0.33 $ 0.62 $ 0.59
Other comprehensive income, net of tax:        
Foreign currency translation adjustments, net of tax (benefit) provision of $(195), $411, $125 and $563, respectively (2,068) 669 (142) 1,140
Pension liability adjustment, net of tax benefit of $19, $6, $38, and $13, respectively 29 10 59 19
Loss on derivative instrument classified as cash flow hedge, net of tax benefit of $203, $99, $220, and $196, respectively (430) (180) (399) (357)
Total other comprehensive income (loss), net of tax (2,469) 499 (482) 802
Total comprehensive income 20,007 21,662 37,053 38,345
Comprehensive (income) loss attributable to noncontrolling interests 58 418 (4) 835
Comprehensive income attributable to The GEO Group, Inc. $ 20,065 $ 22,080 $ 37,049 $ 39,180