Earnings Per Share From Continuing Operations

9 Months Ended

Sep. 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 nine months ended September 30, 2013 and September 30, 2012 as follows (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	September 30, 2013			September 30, 2012		September 30, 2013			September 30, 2012
Income from continuing operations	$	32,174		$	14,535	$	89,831		$	49,145
Net (income) loss attributable to noncontrolling interests	(12		)	890		(42		)	881
Net income from continuing operations attributable to The GEO Group, Inc.	32,162			15,425		89,789			50,026
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	71,201			60,906		71,046			60,838
Per share amount from continuing operations	$	0.45		$	0.25	$	1.26		$	0.82
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	71,201			60,906		71,046			60,838
Effect of dilutive securities: Stock options and restricted stock	454			396		511			245
Weighted average shares assuming dilution	71,655			61,302		71,557			61,083
Per share amount from continuing operations	$	0.45		$	0.25	$	1.25		$	0.82

Three Months

For the three months ended September 30, 2013, 1,589 weighted average common stock equivalents from restricted stock awards were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were no shares of common stock underlying options that were anti-dilutive.

For the three months ended September 30, 2012, 24,303 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were no common stock equivalents from restricted shares that were anti-dilutive.

Nine Months

For the nine months ended September 30, 2013, there were no shares of common stock underlying options or common stock equivalents from restricted shares that were anti-dilutive.

For the nine months ended September 30, 2012, 59,915 weighted average shares of common stock underlying options and 538 weighted average common stock equivalents from restricted stock awards were excluded from the computation of diluted EPS because the effect would be anti-dilutive.