Earnings Per Share

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

Basic earnings per common share is computed by dividing the net 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 earnings per share is similar to that of basic earnings per share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share were calculated for the three months ended March 31, 2016 and March 31, 2015 as follows (in thousands, except per share data):



	Three Months Ended
	March 31, 2016		March 31, 2015
Net income	$	32,326	$	28,756
Net loss attributable to noncontrolling interests	24		21
Net income attributable to The GEO Group, Inc.	32,350		28,777
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	73,875		73,549
Per share amount	$	0.44	$	0.39
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	73,875		73,549
Dilutive effect of equity incentive plans	325		335
Weighted average shares assuming dilution	74,200		73,884
Per share amount	$	0.44	$	0.39

Three Months

For the three months ended March 31, 2016, 453,104 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 336,379 common stock equivalents from restricted shares that were anti-dilutive.

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.