Earnings Per Share

6 Months Ended

Jun. 30, 2015

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 and six months ended June 30, 2015 and June 30, 2014 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Net income	$	28,253	$	38,898	$	57,010	$	66,894
Net income (loss) attributable to noncontrolling interests	38		—		58		(6		)
Net income attributable to The GEO Group, Inc.	28,291		38,898		57,068		66,888
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	73,665		71,749		73,607		71,599
Per share amount	$	0.38	$	0.54	$	0.78	$	0.93
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	73,665		71,749		73,607		71,599
Dilutive effect of equity incentive plans	238		245		287		276
Weighted average shares assuming dilution	73,903		71,994		73,894		71,875
Per share amount	$	0.38	$	0.54	$	0.77	$	0.93

Three Months

For the three months ended June 30, 2015, 249,506 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 264,500 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended June 30, 2014, 214,071 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 177,391 common stock equivalents from restricted shares that were anti-dilutive.

Six Months

For the six months ended June 30, 2015, 166,860 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 176,319 common stock equivalents from restricted shares that were anti-dilutive.

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 common stock equivalents from restricted shares that were anti-dilutive.