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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Oct. 02, 2011
Sep. 30, 2012
Oct. 02, 2011
Revenues $ 411,524 $ 395,683 $ 1,225,129 $ 1,172,831
Operating expenses 305,832 297,700 919,127 885,957
Depreciation and amortization 23,761 21,850 70,643 61,496
General and administrative expenses 27,228 25,922 81,712 86,420
Operating income 54,703 50,211 153,647 138,958
Interest income 1,651 1,767 5,219 4,965
Interest expense (20,606) (19,327) (62,030) (55,700)
Loss on early extinguishment of debt (8,462) 0 (8,462) 0
Income before income taxes, equity in earnings of affiliates and discontinued operations 27,286 32,651 88,374 88,223
Provision for income taxes 11,304 12,255 35,512 33,929
Equity in earnings of affiliates, net of tax provision of $234, $118, $858 and $1,705, respectively 474 272 1,652 2,352
Income from continuing operations 16,456 20,668 54,514 56,646
Income (loss) from discontinued operations, net of tax provision (benefit) of $(1,088), $394, $(1,418) and $1,379, respectively (1,729) 625 (2,252) 2,190
Net income 14,727 21,293 52,262 58,836
Net loss attributable to noncontrolling interests 890 225 881 1,050
Net income attributable to The GEO Group, Inc. 15,617 21,518 53,143 59,886
Weighted-average common shares outstanding:        
Basic 60,906 63,340 60,838 64,028
Diluted 61,302 63,555 61,083 64,388
Basic:        
Income from continuing operations $ 0.28 $ 0.33 $ 0.91 $ 0.90
Income (loss) from discontinued operations $ (0.03) $ 0.01 $ (0.04) $ 0.04
Income per common share attributable to The GEO Group, Inc. - basic $ 0.26 $ 0.34 $ 0.87 $ 0.94
Diluted:        
Income from continuing operations $ 0.28 $ 0.33 $ 0.91 $ 0.90
Income (loss) from discontinued operations $ (0.03) $ 0.01 $ (0.04) $ 0.03
Income per common share attributable to The GEO Group, Inc - diluted $ 0.25 $ 0.34 $ 0.87 $ 0.93
Other comprehensive income, net of tax:        
Foreign currency translation adjustments, net of tax benefit of $364, $1,714, $239 and $1,151, respectively 187 (6,858) 33 (5,718)
Pension liability adjustment, net of tax benefit of $19, $5, $56, and $18, respectively 30 9 89 28
Loss on derivative instrument classified as cash flow hedge, net of tax benefit of $56, $99, $276, and $196, respectively (102) (672) (502) (1,029)
Total other comprehensive income (loss), net of tax 115 (7,521) (380) (6,719)
Total comprehensive income 14,842 13,772 51,882 52,117
Comprehensive loss attributable to noncontrolling interests 903 325 900 1,160
Comprehensive income attributable to The GEO Group, Inc. $ 15,745 $ 14,097 $ 52,782 $ 53,277