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Business Segments and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Operating and Reporting Segments
The Company's segment revenues from external customers and a measure of segment profit are as follows (in thousands):
 
 
Three Months Ended
 
 
March 31, 2016
 
March 31, 2015
 
Revenues:
 
 
 
 
U.S. Corrections & Detention
$
338,370

 
$
285,609

 
GEO Care
93,414

 
79,356

 
International Services
37,555

 
40,654

 
Facility Construction & Design (1)
40,846

 
21,750

 
Total revenues
$
510,185

 
$
427,369

 
Operating income:
 
 
 
 
U.S. Corrections & Detention
$
66,919

 
$
63,597

 
GEO Care
23,971

 
18,506

 
International Services
1,762

 
1,815

 
Facility Construction & Design (1)
576

 
602

 
Operating income from segments
$
93,228

 
$
84,520

 

(1) In September 2014, the Company began the design and construction of a new prison contract located in Ravenhall, a locality near Melbourne, Australia. During the design and construction phase, the Company recognizes revenue as earned on a percentage of completion basis measured by the percentage of costs incurred to date as compared to estimated total costs for the design and construction of the facility. Costs incurred and estimated earnings in excess of billings is classified as Contract Receivable in the accompanying consolidated balance sheets and is recorded at the net present value based on the timing of expected future settlement. A portion of the Contract Receivable will be paid by the State upon commercial acceptance of the prison and the remainder will be paid quarterly over the life of the contract. Refer to Note 8 - Derivative Financial Instruments and Note 9 - Debt for additional information.
Pre-Tax Income Reconciliation of Segments
The following is a reconciliation of the Company’s total operating income from its reportable segments to the Company’s income before income taxes and equity in earnings of affiliates (in thousands):
 
 
Three Months Ended
 
 
March 31, 2016
 
March 31, 2015
 
Total operating income from segments
$
93,228

 
$
84,520

 
Unallocated amounts:
 
 
 
 
General and Administrative Expenses
(34,061
)
 
(31,848
)
 
Net Interest Expense
(24,809
)
 
(22,573
)
 
Income before income taxes and equity in earnings of affiliates
$
34,358

 
$
30,099