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Earnings Per Share
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic income per common share is computed by dividing the income from continuing operations 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 from continuing operations per common share was calculated for the three months ended March 31, 2015 and March 31, 2014 as follows (in thousands, except per share data):
 
 
Three Months Ended
 
March 31, 2015
 
March 31, 2014
Net income
$
28,756

 
$
27,996

Net income (loss) attributable to noncontrolling interests
21

 
(6
)
Net income attributable to The GEO Group, Inc.
28,777

 
27,990

Basic earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
73,549

 
71,449

Per share amount
$
0.39

 
$
0.39

Diluted earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
73,549

 
71,449

Dilutive effect of equity incentive plans
335

 
446

Weighted average shares assuming dilution
73,884

 
71,895

Per share amount
$
0.39

 
$
0.39



Three Months
For the three months ended March 31, 2015, 83,790 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 no common stock equivalents from restricted shares that were anti-dilutive.
For the three months ended March 31, 2014, 17,070 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 no common stock equivalents from restricted shares that were anti-dilutive.