Earnings Per Share

9 Months Ended

Sep. 30, 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. 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 nine months ended September 30, 2016 and 2015 as follows (in thousands, except per share data):



	Three Months Ended				Nine Months Ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Net income	$	43,674	$	38,291	$	99,156	$	95,295
Net loss attributable to noncontrolling interests	46		21		123		79
Net income attributable to The GEO Group, Inc.	43,720		38,312		99,279		95,374
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	74,108		73,757		74,010		73,658
Per share amount	$	0.59	$	0.52	$	1.34	$	1.29
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	74,108		73,757		74,010		73,658
Dilutive effect of equity incentive plans	228		162		273		248
Weighted average shares assuming dilution	74,336		73,919		74,283		73,906
Per share amount	$	0.59	$	0.52	$	1.34	$	1.29

Three Months

For the three months ended September 30, 2016, 614,128 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 238,561 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended September 30, 2015, 403,695 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 258,688 common stock equivalents from restricted shares that were anti-dilutive.

Nine Months

For the nine months ended September 30, 2016, 566,610 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive. There were 222,521 common stock equivalents from restricted shares that were anti-dilutive.

For the nine months ended September 30, 2015, 192,079 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 201,102 common stock equivalents from restricted shares that were anti-dilutive.