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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, 2013 no shares of common stock underlying options or shares of restricted stock were anti-dilutive.
For the three months ended July 1, 2012 57,937 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, 2013 no shares of common stock underlying options or shares of restricted stock were anti-dilutive.
For the six months ended July 1, 2012 112,428 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.