Earnings Per Share From Continuing Operations

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share From Continuing Operations

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 and six months ended June 30, 2013 and July 1, 2012 as follows (in thousands, except per share data):

	Three Months Ended					Six Months Ended
	June 30, 2013			July 1, 2012		June 30, 2013			July 1, 2012
Income from continuing operations	$	34,219		$	20,854	$	57,657		$	34,610
Net (income) loss attributable to noncontrolling interests	(12		)	25		(30		)	(9		)
Net income from continuing operations attributable to The GEO Group, Inc.	34,207			20,879		57,627			34,601
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	71,083			60,839		70,967			60,803
Per share amount from continuing operations	$	0.48		$	0.34	$	0.81		$	0.57
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	71,083			60,839		70,967			60,803
Effect of dilutive securities: Stock options and restricted stock	524			227		543			181
Weighted average shares assuming dilution	71,607			61,066		71,510			60,984
Per share amount from continuing operations	$	0.48		$	0.34	$	0.81		$	0.57

Three Months

For the three months ended June 30, 2013no shares of common stock underlying options or shares of restricted stock were anti-dilutive.

For the three months ended July 1, 201257,937 weighted average shares of common stock underlying options and 1,642 shares of restricted stock were excluded from the computation of diluted EPS because the effect would be anti-dilutive.

Six Months

For the six months ended June 30, 2013no shares of common stock underlying options or shares of restricted stock were anti-dilutive.

For the six months ended July 1, 2012112,428 weighted average shares of common stock underlying options and 1,584 shares of restricted stock were excluded from the computation of diluted EPS because the effect would be anti-dilutive.