Summary of Business Organization, Operations and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

As of December 31, 2013, future minimum rentals to be received on these leases are as follows:



Fiscal Year	Annual Rental
	(In thousands)
2014	$	4,866
2015	4,907
2016	5,054
2017	5,206
2018	351
	$	20,384

Components 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 (in thousands):



	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. [1]			Unrealized (loss)/gain on derivatives, net of tax			Pension adjustments, net of tax			Total
Balance, December 31, 2012	$	5,755		$	(457	)	$	(2,628	)	$	2,670
Current-period other comprehensive (loss) income	(8,196		)	183			914			(7,099		)
Balance, December 31, 2013	$	(2,441	)	$	(274	)	$	(1,714	)	$	(4,429	)

[1] The foreign currency translation adjustment, net of tax, related to noncontrolling interests was not significant for the year ended December 31, 2013 or December 31, 2012.

Fair value of stock-based awards

The fair value of stock-based option awards was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions for options awarded during fiscal years 2012 and 2011 (there were no options awarded during 2013):



	2012		2011
Risk free interest rates	0.78	%	2.06	%
Expected term	4-5 years		4-5 years
Expected volatility	40	%	43	%
Expected dividend	3.00	%	—	%