Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Consolidating Financial Information Disclosure [Abstract]



	As of December 31, 2012
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	4,764	$	1,917	$	25,074	$	—		$	31,755
Restricted cash and investments	—		—		15,654		—			15,654
Accounts receivable, less allowance for doubtful accounts	124,670		102,704		19,261		—			246,635
Current deferred income tax assets, net	13,106		1,498		3,686		—			18,290
Prepaid expenses and other current assets	8,657		5,890		11,456		(1,154		)	24,849
Total current assets	151,197		112,009		75,131		(1,154		)	337,183
Restricted Cash and Investments	7,953		—		24,803		—			32,756
Property and Equipment, Net	633,458		939,995		113,706		—			1,687,159
Assets Held for Sale	—		3,243		—		—			3,243
Direct Finance Lease Receivable	—		—		26,757		—			26,757
Intercompany Receivable	591,273		14,305		—		(605,578		)	—
Non-Current Deferred Income Tax Assets	16,230		—		2,532		(16,230		)	2,532
Goodwill	34		489,502		772		—			490,308
Intangible Assets, Net	—		176,666		1,652		—			178,318
Investment in Subsidiaries	1,151,998		41,356		—		(1,193,354		)	—
Other Non-Current Assets	38,574		84,931		36,584		(79,151		)	80,938
Total Assets	$	2,590,717	$	1,862,007	$	281,937	$	(1,895,467	)	$	2,839,194
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	29,889	$	17,407	$	2,814	$	—		$	50,110
Accrued payroll and related taxes	4,774		16,264		18,284		—			39,322
Accrued expenses	94,350		5,515		17,846		(1,154		)	116,557
Current portion of capital lease obligations, long-term debt and non-recourse debt	33,925		1,311		18,646		—			53,882
Current liabilities of discontinued operations	—		—		—		—			—
Total current liabilities	162,938		40,497		57,590		(1,154		)	259,871
Non-Current Deferred Income Tax Liabilities	—		31,933		—		(16,230		)	15,703
Intercompany Payable	—		586,428		19,150		(605,578		)	—
Other Non-Current Liabilities	63,657		96,822		697		(79,151		)	82,025
Capital Lease Obligations	—		11,926		—		—			11,926
Long-Term Debt	1,317,310		219		—		—			1,317,529
Non-Recourse Debt	—		—		104,836		—			104,836
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,046,812		1,094,182		99,172		(1,193,354		)	1,046,812
Noncontrolling Interests	—		—		492		—			492
Total Shareholders’ Equity	1,046,812		1,094,182		99,664		(1,193,354		)	1,047,304
Total Liabilities and Shareholders' Equity	$	2,590,717	$	1,862,007	$	281,937	$	(1,895,467	)	$	2,839,194

CONDENSED CONSOLIDATING BALANCE SHEET



	As of January 1, 2012
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(Dollars in thousands)
ASSETS
Cash and cash equivalents	$	15,086	$	3,092	$	25,200	$	—		$	43,378
Restricted cash and investments	—		—		42,534		—			42,534
Accounts receivable, less allowance for doubtful accounts	123,426		122,758		19,066		—			265,250
Current deferred income tax assets, net	14,063		10,729		3,788		—			28,580
Prepaid expenses and other current assets	17,169		22,670		10,340		(1,154		)	49,025
Current assets of discontinued operations	5,021		20,284		5,257		—			30,562
Total current assets	174,765		179,533		106,185		(1,154		)	459,329
Restricted Cash and Investments	7,029		—		49,896		—			56,925
Property and Equipment, Net	620,124		817,568		250,664		—			1,688,356
Assets Held for Sale	3,083		1,280		—		—			4,363
Direct Finance Lease Receivable	—		—		32,146		—			32,146
Intercompany Receivable	387,013		13,356		13,990		(414,359		)	—
Non-Current Deferred Income Tax Assets	—		—		1,437		—			1,437
Goodwill	34		489,502		760		—			490,296
Intangible Assets, Net	—		193,851		1,865		—			195,716
Investment in Subsidiaries	1,333,885		9,784		—		(1,343,669		)	—
Other Non-Current Assets	40,695		73,481		31,022		(65,621		)	79,577
Non-Current Assets of Discontinued Operations	697		40,289		792		—			41,778
Total Assets	$	2,567,325	$	1,818,644	$	488,757	$	(1,824,803	)	$	3,049,923
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	47,159	$	16,932	$	3,942	$	—		$	68,033
Accrued payroll and related taxes	2,855		15,653		16,298		—			34,806
Accrued expenses	69,585		33,256		24,149		(1,154		)	125,836
Current portion of capital lease obligations, long-term debt and non-recourse debt	19,037		1,350		33,266		—			53,653
Current liabilities of discontinued operations	542		4,642		1,306		—			6,490
Total current liabilities	139,178		71,833		78,961		(1,154		)	288,818
Non-Current Deferred Income Tax Liabilities	42,879		82,603		34		—			125,516
Intercompany Payable	14,027		378,005		22,327		(414,359		)	—
Other Non-Current Liabilities	29,384		26,702		63,641		(65,621		)	54,106
Capital Lease Obligations	—		13,064		—		—			13,064
Long-Term Debt	1,318,639		429		—		—			1,319,068
Non-Recourse Debt	—		—		208,532		—			208,532
Long term liabilities of discontinued operations	—		1,668		630		—			2,298
Commitments & Contingencies
Shareholders' Equity:
Total shareholders’ equity attributable to The GEO Group, Inc.	1,023,218		1,229,553		114,116		(1,343,669		)	1,023,218
Noncontrolling Interests	—		14,787		516		—			15,303
Total Shareholders’ Equity	1,023,218		1,244,340		114,632		(1,343,669		)	1,038,521
Total Liabilities and Shareholders' Equity	$	2,567,325	$	1,818,644	$	488,757	$	(1,824,803	)	$	3,049,923

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME



	For the Fiscal Year Ended December 31, 2012
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	605,091		$	721,949		$	230,261		$	(78,239	)	$	1,479,062
Operating expenses	529,318			451,564			186,589			(78,239		)	1,089,232
Depreciation and amortization	29,521			54,719			7,445			—			91,685
General and administrative expenses	44,214			52,753			16,825			—			113,792
Operating income	2,038			162,913			19,402			—			184,353
Interest income	32,580			1,713			6,122			(33,699		)	6,716
Interest expense	(68,737		)	(33,204		)	(13,947		)	33,699			(82,189		)
Loss on early extinguishment of debt	—			(8,462		)	—			—			(8,462		)
Income (loss) before income taxes, equity in earnings of affiliates, and discontinued operations	(34,119		)	122,960			11,577			—			100,418
Provision (benefit) for Income Taxes	(11,303		)	(31,352		)	2,093			—			(40,562		)
Equity in earnings of affiliates, net of income tax provision	—			—			3,578			—			3,578
Income (loss) from continuing operations before equity in income of consolidated subsidiaries	(22,816		)	154,312			13,062			—			144,558
Income from consolidated subsidiaries, net of income tax provision	167,374			—			—			(167,374		)	—
Income from continuing operations	144,558			154,312			13,062			(167,374		)	144,558
Net income (loss) from discontinued operations	(10,660		)	(5,942		)	447			5,495			(10,660		)
Net income	133,898			148,370			13,509			(161,879		)	133,898
Less: loss attributable to noncontrolling interests	—			—			852						852
Net income attributable to The GEO Group, Inc.	$	133,898		$	148,370		$	14,361		$	(161,879	)	$	134,750
Net income	$	133,898		$	148,370		$	13,509		$	(161,879	)	$	133,898
Other comprehensive income (loss), net of tax	(461		)	—			1,085			—			624
Total comprehensive income	$	133,437		$	148,370		$	14,594		$	(161,879	)	$	134,522
Comprehensive loss attributable to noncontrolling interests	—			—			968			—			968
Comprehensive income attributable to The GEO Group, Inc.	$	133,437		$	148,370		$	15,562		$	(161,879	)	$	135,490

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Fiscal Year Ended January 1, 2012
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	556,163		$	717,926		$	220,352		$	(87,269	)	$	1,407,172
Operating expenses	503,355			448,057			171,867			(87,269		)	1,036,010
Depreciation and amortization	20,615			53,458			7,475			—			81,548
General and administrative expenses	39,445			55,698			14,872			—			110,015
Operating income (loss)	(7,252		)	160,713			26,138			—			179,599
Interest income	29,087			2,608			6,462			(31,125		)	7,032
Interest expense	(61,447		)	(30,720		)	(14,336		)	31,125			(75,378		)
Income before income taxes, equity in earnings of affiliates, and discontinued operations	(39,612		)	132,601			18,264			—			111,253
Provision (benefit) for income taxes	(15,158		)	51,518			6,812			—			43,172
Equity in earnings of affiliates, net of income tax provision	—			—			1,563			—			1,563
Income (loss) from continuing operations before equity in income of consolidated subsidiaries	(24,454		)	81,083			13,015			—			69,644
Income from consolidated subsidiaries, net of income tax provision	94,098			—			—			(94,098		)	—
Income from continuing operations	69,644			81,083			13,015			(94,098		)	69,644
Net income from discontinued operations	7,819			6,329			473			(6,802		)	7,819
Net income	77,463			87,412			13,488			(100,900		)	77,463
Less: loss attributable to noncontrolling interests	$	—		$	—		$	1,162		$	—		$	1,162
Net income attributable to The GEO Group, Inc.	$	77,463		$	87,412		$	14,650		$	(100,900	)	$	78,625
Net income	$	77,463		$	87,412		$	13,488		$	(100,900	)	$	77,463
Other comprehensive loss, net of tax	(1,131		)	—			(7,122		)	—			(8,253		)
Total comprehensive income	$	76,332		$	87,412		$	6,366		$	(100,900	)	$	69,210
Comprehensive loss attributable to noncontrolling interests	—			—			1,274			—			1,274
Comprehensive income attributable to The GEO Group, Inc.	$	76,332		$	87,412		$	7,640		$	(100,900	)	$	70,484

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME



	For the Fiscal Year Ended January 2, 2011
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	557,473		$	380,596		$	214,095		$	(67,572	)	$	1,084,592
Operating expenses	491,532			218,546			169,261			(67,572		)	811,767
Depreciation and amortization	16,728			22,389			5,248			—			44,365
General and administrative expenses	46,840			36,746			17,972			—			101,558
Operating income	2,373			102,915			21,614			—			126,902
Interest income	5,309			1,297			5,836			(6,200		)	6,242
Interest expense	(29,484		)	(6,113		)	(11,297		)	6,200			(40,694		)
Loss on early extinguishment of debt	(7,933		)	—			—			—			(7,933		)
Income before income taxes, equity in earnings of affiliates, and discontinued operations	(29,735		)	98,099			16,153			—			84,517
Provision (benefit) for income taxes	(8,475		)	37,705			5,134			—			34,364
Equity in earnings of affiliates, net of income tax provision	—			—			4,218			—			4,218
Income (loss) from continuing operations before equity in income of consolidated subsidiaries	(21,260		)	60,394			15,237			—			54,371
Income from consolidated subsidiaries, net of income tax provision	75,631			—			—			(75,631		)	—
Income from continuing operations	54,371			60,394			15,237			(75,631		)	54,371
Net income from discontinued operations	8,419			4,857			864			(5,721		)	8,419
Net income	62,790			65,251			16,101			(81,352		)	62,790
Less: loss attributable to noncontrolling interests	$	—		$	—		$	—		$	678		$	678
Net income attributable to The GEO Group, Inc.	$	62,790		$	65,251		$	16,101		$	(80,674	)	$	63,468
Net income	$	62,790		$	65,251		$	16,101		$	(81,352	)	$	62,790
Other comprehensive income (loss), net of tax	(383		)	—			5,028			—			4,645
Total comprehensive income	$	62,407		$	65,251		$	21,129		$	(81,352	)	$	67,435
Comprehensive loss attributable to noncontrolling interests	—			—			608			—			608
Comprehensive income attributable to The GEO Group, Inc.	$	62,407		$	65,251		$	21,737		$	(81,352	)	$	68,043

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Fiscal Year Ended December 31, 2012
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	107,116		$	62,330		$	85,741		$	255,187
Cash provided (used in) by operating activities - discontinued operations	3,250			26,430			(20,627		)	9,053
Net cash provided by operating activities	110,366			88,760			65,114			264,240
Cash Flow from Investing Activities:
Acquisition of ownership interests in MCF	—			(35,154		)	—			(35,154		)
Proceeds from RTS divestiture	29,653			—			3,600			33,253
Proceeds from sale of property and equipment	—			65			—			65
Proceeds from sale of assets held for sale	—			5,641						5,641
Change in restricted cash and investments	—			—			51,189			51,189
Capital expenditures	(61,425		)	(42,406		)	(3,718		)	(107,549		)
Cash (used in) provided by investing activities - continuing operations	(31,772		)	(71,854		)	51,071			(52,555		)
Cash (used in) provided by investing activities - discontinued operations	211			(1,820		)	(1,152		)	(2,761		)
Net cash (used in) provided by investing activities	(31,561		)	(73,674		)	49,919			(55,316		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	358,000			—			—			358,000
Income tax benefit of equity compensation	621			—			—			621
Payment of make-whole provision and other fees for early extinguishment of debt	—			(14,861		)	—			(14,861		)
Distribution to noncontrolling interests	—			—			(5,758		)	(5,758		)
Payment for purchase of treasury shares	(8,666		)	—			—			(8,666		)
Debt issuance costs	(1,360		)	—			(38		)	(1,398		)
Payments on long-term debt	(343,987		)	(1,400		)	(111,098		)	(456,485		)
Proceeds from the exercise of stock options	9,276			—			—			9,276
Cash dividends paid	(102,435		)	—			—			(102,435		)
Proceeds from reissuance of treasury stock in connection with ESPP	460			—			—			460
Payment for retirement of common stock	(1,036		)	—			—			(1,036		)
Net cash used in financing activities	(89,127		)	(16,261		)	(116,894		)	(222,282		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			1,735			1,735
Net Decrease in Cash and Cash Equivalents	(10,322		)	(1,175		)	(126		)	(11,623		)
Cash and Cash Equivalents, beginning of period	15,086			3,092			25,200			43,378
Cash and Cash Equivalents, end of period	$	4,764		$	1,917		$	25,074		$	31,755

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Fiscal Year Ended January 1, 2012
	The GEO Group Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Cash (used in) provided by operating activities - continuing operations	$	173,438		$	18,834		$	(6,531	)	$	185,741
Cash (used in) provided by operating activities - discontinued operations	3,475			7,026			(7,130		)	3,371
Net cash (used in) provided by operating activities	176,913			25,860			(13,661		)	189,112
Cash Flow from Investing Activities:
Acquisition of BI and Cornell, cash consideration, net of cash acquired	(409,607		)	—			—			(409,607		)
Proceeds from sale of property and equipment	—			1,450			33			1,483
Proceeds from sale of assets held for sale	—			7,121						7,121
Change in restricted cash and investments	—			—			(9,503		)	(9,503		)
Capital expenditures	(191,642		)	(28,266		)	(2,125		)	(222,033		)
Cash used in investing activities - continuing operations	(601,249		)	(19,695		)	(11,595		)	(632,539		)
Cash used in investing activities - discontinued operations	(696		)	(1,973		)	(333		)	(3,002		)
Net cash used in investing activities	(601,945		)	(21,668		)	(11,928		)	(635,541		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	782,247			—			53,148			835,395
Income tax benefit of equity compensation	465			—			—			465
Distribution to noncontrolling interests	—			—			(4,012		)	(4,012		)
Payment for purchase of treasury shares	(74,982		)				—			(74,982		)
Debt issuance costs	(15,462		)	—			—			(15,462		)
Payments on long-term debt	(257,210		)	(1,275		)	(31,347		)	(289,832		)
Proceeds from the exercise of stock options	2,446			—			—			2,446
Net cash provided by (used in) financing activities	437,504			(1,275		)	17,789			454,018
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			(2,299		)	(2,299		)
Net Increase (Decrease) in Cash and Cash Equivalents	12,472			2,917			(10,099		)	5,290
Cash and Cash Equivalents, beginning of period	2,614			175			35,299			38,088
Cash and Cash Equivalents, end of period	$	15,086		$	3,092		$	25,200		$	43,378

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Fiscal Year Ended January 2, 2011
	The GEO Group Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
	(Dollars in thousands)
Cash Flow from Operating Activities:
Cash provided by operating activities - continuing operations	$	79,469		$	6,542		$	39,461		$	125,472
Cash (used in) provided by operating activities - discontinued operations	(3,818		)	9,558			(1,322		)	4,418
Net cash provided by operating activities of continuing operations	75,651			16,100			38,139			129,890
Cash Flow from Investing Activities:
Acquisition of Cornell, cash consideration, net of cash acquired	(260,255		)	—			—			(260,255		)
Proceeds from sale of property and equipment	—			480						480
Change in restricted cash and investments	—			—			(11,184		)	(11,184		)
Capital expenditures	(79,062		)	(14,385		)	(1,244		)	(94,691		)
Cash used in investing activities - continuing operations	(339,317		)	(13,905		)	(12,428		)	(365,650		)
Cash used in investing activities - discontinued operations	(954		)	(1,369		)	(288		)	(2,611		)
Net cash used in investing activities	(340,271		)	(15,274		)	(12,716		)	(368,261		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	726,000			—			—			726,000
Payments on long-term debt	(386,285		)	(720		)	(10,440		)	(397,445		)
Income tax benefit of equity compensation	3,926			—			—			3,926
Debt issuance costs	(8,400		)	—			—			(8,400		)
Payments for purchase of treasury shares	(80,000		)	—			—			(80,000		)
Payments for retirement of common stock	(7,078		)	—			—			(7,078		)
Proceeds from the exercise of stock options	6,695			—			—			6,695
Net cash provided by (used in) financing activities	254,858			(720		)	(10,440		)	243,698
Effect of Exchange Rate Changes on Cash and Cash Equivalents	—			—			4,169			4,169
Net Increase (Decrease) in Cash and Cash Equivalents	(9,762		)	106			19,152			9,496
Cash and Cash Equivalents, beginning of period	12,376			69			16,147			28,592
Cash and Cash Equivalents, end of period	$	2,614		$	175		$	35,299		$	38,088