Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

The Company’s selected quarterly financial data is as follows (in thousands, except per share data attributable to GEO):

	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
2013
Revenues	$	377,031	$	381,653	$	379,842		$	383,548
Operating income	41,259		51,387		44,829			48,009
Income from continuing operations	23,438		34,219		32,174			27,631
Loss from discontinued operation, net of tax	—		—		(2,265		)	—
Net Income	23,438		34,219		29,909			27,631
Net Income Attributable to The GEO Group, Inc.	23,420		34,207		29,897			27,611
Basic earnings per share
Income from continuing operations	$	0.33	$	0.48	$	0.45		$	0.39
Loss from discontinued operations	$	—	$	—	$	(0.03	)	$	—
Net income per share	$	0.33	$	0.48	$	0.42		$	0.39
Diluted earnings per share
Income from continuing operations	$	0.33	$	0.48	$	0.45		$	0.38
Loss from discontinued operations	$	—	$	—	$	(0.03	)	$	—
Net income per share	$	0.33	$	0.48	$	0.42		$	0.38

Note that earnings per share tables may contain slight summation differences due to rounding.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter [1]
2012
Revenues	$	360,042	$	371,174	$	369,115	$	378,731
Operating income [1]	40,497		52,941		51,602		39,313
Income from continuing operations	13,755		20,858		14,532		95,413
Income (loss) from discontinued operation, net of tax [1]	1,304		1,619		194		(13,777		)
Net Income	15,059		22,476		14,727		81,636
Net Income Attributable to The GEO Group, Inc.	15,025		22,501		15,616		81,608
Basic earnings per share
Income from continuing operations	$	0.23	$	0.34	$	0.25	$	1.56
Income (loss) from discontinued operations	$	0.02	$	0.03	$	—	$	(0.23	)
Net income per share	$	0.25	$	0.37	$	0.26	$	1.33
Diluted earnings per share
Income from continuing operations	$	0.23	$	0.34	$	0.25	$	1.55
Income (loss) from discontinued operations	$	0.02	$	0.03	$	—	$	(0.22	)
Net income per share	$	0.25	$	0.37	$	0.25	$	1.32

Note that earnings per share tables contain slight summation differences due to rounding.

[1] In the Fourth Quarter of 2012, the Company completed a corporate restructuring in order to operate as a REIT effective January 1, 2013. In connection with the REIT conversion, the Company divested one of its operating segments, RTS, and recorded a loss of $14.6 million, net of tax. Refer to Note 2 - Discontinued Operations for additional information. Also, as a result of the REIT restructuring, the Company recorded an income tax benefit of approximately $79.0 million related to the reversal of certain net deferred tax liabilities. Refer to Note 17 - Income Taxes for additional information.