Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE FROM CONTINUING OPERATIONS

Basic earnings per share is computed by dividing the income from continuing operations attributable to The GEO Group, Inc. shareholders by the weighted average number of outstanding shares of common stock. The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the three months ended March 31, 2013 and April 1, 2012 as follows (in thousands, except per share data):

	Three Months Ended
	March 31, 2013			April 1, 2012
Income from continuing operations	$	23,438		$	13,756
Net income attributable to noncontrolling interests	(18		)	(34		)
Net income from continuing operations attributable to The GEO Group, Inc.	23,420			13,722
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	70,850			60,768
Per share amount from continuing operations	$	0.33		$	0.23
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	70,850			60,768
Effect of dilutive securities: Stock options and restricted stock	562			161
Weighted average shares assuming dilution	71,412			60,929
Per share amount from continuing operations	$	0.33		$	0.23

For the three months ended March 31, 2013, no shares of stock options or restricted stock were anti-dilutive.

For the three months ended April 1, 2012, 202,094 weighted average shares of common stock underlying options and 1,262 shares of restricted stock were excluded from the computation of diluted EPS because the effect would be anti-dilutive.