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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Changes in shareholders' equity that are attributable to the Company's shareholders and to noncontrolling interests
The following table presents the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests (in thousands):
 
Common shares
 
Additional
Paid-In
 
Earnings in Excess of
 
Accumulated
Other
Comprehensive
 
Treasury shares
 
Noncontrolling
 
Total
Shareholders'
 
Shares
 
Amount
 
Capital
 
Distributions
 
Income (Loss)
 
Shares
 
Amount
 
Interests
 
Equity
Balance, December 31, 2012
71,417

 
$
860

 
$
832,230

 
$
264,667

 
$
2,670

 
14,590

 
$
(53,615
)
 
$
492

 
$
1,047,304

Proceeds from stock options exercised
181

 
2

 
3,047

 

 

 

 

 

 
3,049

Tax benefit related to equity compensation

 

 
1,127

 

 

 

 

 

 
1,127

Stock based compensation expense

 

 
419

 

 

 

 

 

 
419

Amortization of restricted stock

 

 
1,266

 

 

 

 

 

 
1,266

Dividends paid

 

 

 
(35,711
)
 

 

 

 

 
(35,711
)
Re-issuance of treasury shares (ESPP)
2

 

 
59

 

 

 
(2
)
 
7

 

 
66

Net income:

 

 

 
23,420

 

 

 

 
18

 
23,438

Other comprehensive income (loss)

 

 

 

 
(1,139
)
 

 

 
(41
)
 
(1,180
)
Balance, March 31, 2013
71,600

 
$
862

 
$
838,148

 
$
252,376

 
$
1,531

 
14,588

 
$
(53,608
)
 
$
469

 
$
1,039,778

Schedule of accumulated other comprehensive income (loss)
The components of accumulated other comprehensive income (loss) attributable to GEO included in the consolidated statement of shareholders' equity are as follows:

 
 
March 31, 2013

 
December 31, 2012

 
 
(In thousands)
Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. [1]
 
$
4,462

 
$
5,755

Unrealized loss on derivatives, net of tax
 
(344
)
 
(457
)
Pension adjustments, net of tax
 
(2,587
)
 
(2,628
)
Total
 
$
1,531

 
$
2,670


[1] The foreign currency translation, net of tax, related to noncontrolling interests was not significant at March 31, 2013 or December 31, 2012, respectively.