Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

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			Noncontrolling			Total Shareholders'
	Shares		Amount		Capital			Distributions			Loss			Interests			Equity
Balance, December 31, 2014	74,191		$	742	$	866,056		$	206,342		$	(27,461	)	$	314		$	1,045,993
Proceeds from exercise of stock options	109		—		2,513			—			—			—			2,513
Tax benefit related to equity compensation	—		—		1,252			—			—			—			1,252
Stock-based compensation expense	—		—		8,602			—			—			—			8,602
Restricted stock granted	423		4		(4		)	—			—			—			—
Restricted stock canceled	(27	)	—		—			—			—			—			—
Dividends paid	—		—		—			(138,454		)	—			—			(138,454		)
Shares withheld for net settlements of share-based awards	(71	)	—		(2,748		)	—			—			—			(2,748		)
Issuance of common stock - ESPP	9		—		321			—			—			—			321
Net income (loss)	—		—		—			95,374			—			(79		)	95,295
Other comprehensive loss	—		—		—			—			(7,249		)	(66		)	(7,315		)
Balance, September 30, 2015	74,634		$	746	$	875,992		$	163,262		$	(34,710	)	$	169		$	1,005,459

Dividends declared

During the nine months ended September 30, 2015 and the year ended December 31, 2014, respectively, GEO declared and paid the following regular cash distributions to its shareholders as follows:



Declaration Date	Record Date	Payment Due	Distribution Per Share	Aggregate Payment Amount (in millions)
February 18, 2014	March 3, 2014	March 14, 2014	$0.57	$41.1
April 28, 2014	May 15, 2014	May 27, 2014	$0.57	$41.5
August 5, 2014	August 18, 2014	August 29, 2014	$0.57	$41.4
November 5, 2014	November 17, 2014	November 26, 2014	$0.62	$46.0
February 6, 2015	February 17, 2015	February 27, 2015	$0.62	$46.0
April 29, 2015	May 11, 2015	May 21, 2015	$0.62	$46.3
July 31, 2015	August 14, 2015	August 24, 2015	$0.62	$46.3

Schedule of accumulated other comprehensive income (loss)

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



	Nine Months Ended September 30, 2015
	(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, 2014	$	(6,903	)	$	(16,322	)	$	(4,236	)	$	(27,461	)
Current-period other comprehensive (loss) income	(4,916		)	(2,453		)	120			(7,249		)
Balance, September 30, 2015	$	(11,819	)	$	(18,775	)	$	(4,116	)	$	(34,710	)

⁽¹⁾ The foreign currency translation related to noncontrolling interests was not significant at September 30, 2015 or December 31, 2014.