XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues $ 427,369us-gaap_SalesRevenueServicesNet $ 393,137us-gaap_SalesRevenueServicesNet
Operating expenses 317,909us-gaap_OperatingCostsAndExpenses 291,923us-gaap_OperatingCostsAndExpenses
Depreciation and amortization 24,940us-gaap_DepreciationAndAmortization 24,142us-gaap_DepreciationAndAmortization
General and administrative expenses 31,848us-gaap_GeneralAndAdministrativeExpense 28,502us-gaap_GeneralAndAdministrativeExpense
Operating income 52,672us-gaap_OperatingIncomeLoss 48,570us-gaap_OperatingIncomeLoss
Interest income 2,073us-gaap_InvestmentIncomeInterest 732us-gaap_InvestmentIncomeInterest
Interest expense (24,646)us-gaap_InterestExpense (20,652)us-gaap_InterestExpense
Income before income taxes and equity in earnings of affiliates 30,099us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 28,650us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 2,828us-gaap_IncomeTaxExpenseBenefit 2,138us-gaap_IncomeTaxExpenseBenefit
Equity in earnings of affiliates, net of income tax provision of $613 and $549 respectively 1,485us-gaap_IncomeLossFromEquityMethodInvestments 1,484us-gaap_IncomeLossFromEquityMethodInvestments
Net income 28,756us-gaap_ProfitLoss 27,996us-gaap_ProfitLoss
Net loss (income) attributable to noncontrolling interests 21us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (6)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to The GEO Group, Inc. $ 28,777us-gaap_NetIncomeLoss $ 27,990us-gaap_NetIncomeLoss
Weighted-average common shares outstanding:    
Basic (in shares) 73,549us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 71,449us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 73,884us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 71,895us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic:    
Income per common share attributable to The GEO Group, Inc. - basic (in dollars per share) $ 0.39us-gaap_EarningsPerShareBasic $ 0.39us-gaap_EarningsPerShareBasic
Diluted:    
Income per common share attributable to The GEO Group, Inc. - diluted (in dollars per share) $ 0.39us-gaap_EarningsPerShareDiluted $ 0.39us-gaap_EarningsPerShareDiluted
Dividends declared per share $ 0.62us-gaap_CommonStockDividendsPerShareDeclared $ 0.57us-gaap_CommonStockDividendsPerShareDeclared