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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
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.