Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 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	)	14,581		$	(53,579	)	$	454		$	1,023,976
Proceeds from exercise of stock options	293		3			5,528			—			—			—		—			—			5,531
Tax benefit related to equity compensation	—		—			1,351			—			—			—		—			—			1,351
Stock-based compensation expense	—		—			4,533			—			—			—		—			—			4,533
Restricted stock granted	308		3			(3		)	—			—					—			—			—
Dividends paid	—		—			—			(82,656		)	—			—		—			—			(82,656		)
Shares withheld for net settlements of share-based awards	(43	)	—			—			—			—			43		(1,416		)	—			(1,416		)
Re-issuance of treasury shares (ESPP)	6		—			161						—			(6	)	23			—			184
Retirement of treasury shares	—		(146		)	(54,826		)				—			(14,618	)	54,972			—			—
Net income	—		—			—			66,888			—			—		—			6			66,894
Other comprehensive loss	—		—			—			—			1,687			—		—			(4		)	1,683
Balance, June 30, 2014	72,633		$	726		$	804,762		$	216,878		$	(2,742	)	—		$	—		$	456		$	1,020,080

Dividends Declared

During the six months ended June 30, 2014 and the year ended December 31, 2013, respectively, GEO declared and paid the following regular cash distributions to its shareholders 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
April 28, 2014	May 27, 2014	May 15, 2014	$0.57	$41.5

Schedule of accumulated other comprehensive income (loss)

The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:



	Six Months Ended June 30, 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	1,628			20			39			1,687
Balance, June 30, 2014	$	(813	)	$	(254	)	$	(1,675	)	$	(2,742	)

^[1] The foreign currency translation related to noncontrolling interests was not significant at June 30, 2014 or December 31, 2013.