Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

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, 2016	112,548		$	1,125		$	891,993		$	112,763		$	(30,825	)	$	(99	)	$	974,957
Proceeds from exercise of stock options	195		2			3,880			—			—			—			3,882
Stock-based compensation expense	—		—			4,963			—			—			—			4,963
Restricted stock granted	622		6			(6		)	—			—			—			—
Restricted stock canceled	(11	)	—			—			—			—			—			—
Dividends paid	—		—			—			(52,504		)	—			—			(52,504		)
Issuance of common stock - prospectus supplement	10,350		104			275,932			—			—			—			276,036
Shares withheld for net settlements of share-based awards	(113	)	(1		)	(3,433		)	—			—			—			(3,434		)
Re-issuance of treasury shares - ESPP	4		—			122			—			—			—			122
Net income (loss)	—		—			—			40,403			—			(37		)	40,366
Other comprehensive income	—		—			—			—			1,258			2			1,260
Balance, March 31, 2017	123,595		$	1,236		$	1,173,451		$	100,662		$	(29,567	)	$	(134	)	$	1,245,648

Dividends declared

During the three months ended March 31, 2017 and the year ended December 31, 2016, respectively, GEO declared and paid the following regular cash distributions to its shareholders as follows:



Declaration Date	Payment Date	Record Date	Distribution Per Share	Aggregate Payment Amount (in millions)
February 3, 2016	February 26, 2016	February 16, 2016	$0.43	$48.5
April 20, 2016	May 12, 2016	May 2, 2016	$0.43	$48.7
July 20, 2016	August 12, 2016	August 1, 2016	$0.43	$48.7
October 18, 2016	November 10, 2016	October 31, 2016	$0.43	$48.8
February 6, 2017	February 27, 2017	February 17, 2017	$0.47	$52.5

Schedule of accumulated other comprehensive income (loss)

The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:



	Three Months Ended March 31, 2017
	(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, 2016	$	(11,284	)	$	(15,877	)	$	(3,664	)	$	(30,825	)
Current-period other comprehensive (loss) income	1,690			(479		)	47			1,258
Balance, March 31, 2017	$	(9,594	)	$	(16,356	)	$	(3,617	)	$	(29,567	)

⁽¹⁾ The foreign currency translation related to noncontrolling interests was not significant at March 31, 2017 or December 31, 2016.