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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic income per common share is computed by dividing the income attributable to The GEO Group, Inc. shareholders by the weighted average number of outstanding shares of common stock. The calculation of diluted income per common share is similar to that of basic income per common share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted income per common share was calculated for the three and six months ended June 30, 2014 and June 30, 2013 as follows (in thousands, except per share data):
 
 
Three Months Ended
 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Net income
$
38,898

 
$
34,219

 
$
66,894

 
$
57,657

Net income attributable to noncontrolling interests
—

 
(12
)
 
(6
)
 
(30
)
Net income attributable to The GEO Group, Inc.
38,898

 
34,207

 
66,888

 
57,627

Basic earnings per share attributable to The GEO Group, Inc.:
 
 
 
 
 
 
 
Weighted average shares outstanding
71,749

 
71,083

 
71,599

 
70,967

Per share amount
$
0.54

 
$
0.48

 
$
0.93

 
$
0.81

Diluted earnings per share attributable to The GEO Group, Inc.:
 
 
 
 
 
 
 
Weighted average shares outstanding
71,749

 
71,083

 
71,599

 
70,967

Effect of dilutive securities: Stock options and restricted stock
245

 
524

 
276

 
543

Weighted average shares assuming dilution
71,994

 
71,607

 
71,875

 
71,510

Per share amount
$
0.54

 
$
0.48

 
$
0.93

 
$
0.81



Three Months

For the three months ended June 30, 2014, 214,071 weighted average shares of common stock underlying options and restricted shares were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 177,391 restricted shares that were anti-dilutive.
For the three months ended June 30, 2013 no shares of common stock underlying options or shares of restricted stock were anti-dilutive.
Six Months
For the six months ended June 30, 2014, 147,776 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 177,318 restricted shares that were anti-dilutive.
For the six months ended June 30, 2013, no shares of common stock underlying options or restricted stock were anti-dilutive.