Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Changes in shareholders' equity that are attributable to the Company's shareholders and to noncontrolling interests

The following table presents the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests (in thousands):



	Common shares			Additional Paid-In			Earnings in Excess of			Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares	Amount		Capital			Distributions			Income (Loss)			Shares		Amount			Interests			Equity
Balance, December 31, 2013	72,082	$	866	$	848,018		$	232,646		$	(4,429	)	14,580		$	(53,579	)	$	454		$	1,023,976
Proceeds from exercise of stock options	177	2		3,273			—			—			—		—			—			3,275
Tax benefit related to equity compensation	—	—		558			—			—			—		—			—			558
Stock based compensation expense	—	—		452			—			—			—		—			—			452
Restricted stock granted	308	3		(3		)	—			—					—			—			—
Amortization of restricted stock	—	—		2,014			—			—			—		—			—			2,014
Dividends paid	—	—		—			(41,139		)	—			—		—			—			(41,139		)
Re-issuance of treasury shares (ESPP)	3	—		73			—			—			(3	)	11			—			84
Net income	—	—		—			27,990			—			—		—			6			27,996
Other comprehensive loss	—	—		—			—			1,050			—		—			(4		)	1,046
Balance, March 31, 2014	72,570	$	871	$	854,385		$	219,497		$	(3,379	)	14,577		$	(53,568	)	$	456		$	1,018,262

Dividends Declared

During the three months ended March 31, 2014 and the year ended December 31, 2013, respectively, GEO declared and paid the following regular cash distributions to its stockholders as follows:



Declaration Date	Payment Due	Record Date	Distribution Per Share	Aggregate Payment Amount (in millions)
January 17, 2013	March 1, 2013	February 15, 2013	$0.50	$35.7
May 7, 2013	June 3, 2013	May 20, 2013	$0.50	$35.8
July 30, 2013	August 29, 2013	August 19, 2013	$0.50	$36.1
November 1, 2013	November 26, 2013	November 14, 2013	$0.55	$39.6
February 18, 2014	March 14, 2014	March 3, 2014	$0.57	$41.1

Schedule 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:



	Three Months Ended March 31, 2014
	(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, 2013	$	(2,441	)	$	(274	)	$	(1,714	)	$	(4,429	)
Current-period other comprehensive (loss) income	1,004			27			19			1,050
Balance, March 31, 2014	$	(1,437	)	$	(247	)	$	(1,695	)	$	(3,379	)

^[1] The foreign currency translation related to noncontrolling interests was not significant at March 31, 2014 or December 31, 2013.