Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Community Education Centers Acquisition

On February 22, 2017, the Company announced that it had signed a definitive agreement to acquire Community Education

Centers ("CEC"), a private provider of rehabilitation services for offenders in reentry and in-prison treatment facilities as well

as management services for county, state and federal correctional and detention facilities. Pursuant to the terms of the definitive

agreement, GEO will acquire CEC for $360 million in an all cash transaction, excluding transaction related expenses. GEO

will not assume any debt as a result of the transaction. CEC's operations encompass over 12,000 beds nationwide. The

transaction is expected to close in the second quarter of 2017 subject to the fulfillment of customary conditions. The transaction

will be supported by a term loan financing commitment and borrowings under GEO's existing Revolving Credit Facility. GEO

plans to integrate CEC into GEO's existing business units of GEO Corrections & Detention and GEO Care.

Options and Restricted Stock Awards

On February 16, 2017, the Compensation Committee of the Board of Directors resolved to grant approximately

310,000 options and 418,000 shares of restricted stock to certain employees of the Company effective March 1, 2017. Of the

total shares of restricted stock granted, approximately 115,000 are performance-based awards which vest subject to the

achievement of certain total shareholder return and return on capital employed metrics over a three year period.

Dividend

On February 6, 2017, the Board of Directors declared a quarterly cash dividend of $0.70 per share of common stock, which is to be paid on February 27, 2017 to shareholders of record as of the close of business on February 17, 2017.