Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

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, 2015	74,643		$	747	$	879,599		$	158,796		$	(32,404	)	$	99		$	1,006,837
Proceeds from exercise of stock options	108		—		2,367			—			—			—			2,367
Tax deficiency related to equity compensation	—		—		(844		)	—			—			—			(844		)
Stock-based compensation expense	—		—		9,675			—			—			—			9,675
Restricted stock granted	349		3		(3		)	—			—			—			—
Restricted stock canceled	(51	)	—		—			—			—			—			—
Dividends paid	—		—		—			(145,990		)	—			—			(145,990		)
Shares withheld for net settlements of share-based awards	(75	)	—		(2,336		)	—			—			—			(2,336		)
Other adjustments to additional paid-in-capital	—		—		179			—			—			—			179
Issuance of common stock - ESPP	12		—		338			—			—			—			338
Net income (loss)	—		—		—			99,279			—			(123		)	99,156
Other comprehensive (loss) income	—		—		—			—			(3,002		)	19			(2,983		)
Balance, September 30, 2016	74,986		$	750	$	888,975		$	112,085		$	(35,406	)	$	(5	)	$	966,399

Dividends declared

During the nine months ended September 30, 2016 and the year ended December 31, 2015, 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 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
November 3, 2015	November 16, 2015	November 25, 2015	$0.65	$48.5
February 3, 2016	February 16, 2016	February 26, 2016	$0.65	$48.5
April 20, 2016	May 2, 2016	May 12, 2016	$0.65	$48.7
July 20, 2016	August 1, 2016	August 12, 2016	$0.65	$48.7

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, 2016
	(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, 2015	$	(11,747	)	$	(17,697	)	$	(2,960	)	$	(32,404	)
Current-period other comprehensive (loss) income	2,062			(5,162		)	98			(3,002		)
Balance, September 30, 2016	$	(9,685	)	$	(22,859	)	$	(2,862	)	$	(35,406	)

⁽¹⁾ The foreign currency translation related to noncontrolling interests was not significant at September 30, 2016 or December 31, 2015.