XML 42 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Business Segments and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017
 
March 31, 2016
Revenues:
 
 
 
U.S. Corrections & Detention
$
347,931

 
$
338,370

GEO Care
103,766

 
93,414

International Services
41,692

 
37,555

Facility Construction & Design (1)
57,225

 
40,846

Total revenues
$
550,614

 
$
510,185

Operating income from segments:
 
 
 
U.S. Corrections & Detention
$
74,896

 
$
66,919

GEO Care
28,826

 
23,971

International Services
2,886

 
1,762

Facility Construction & Design (1)
350

 
576

Operating income from segments
$
106,958

 
$
93,228


(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.
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, 2017
 
March 31, 2016
Total operating income from segments
$
106,958

 
$
93,228

Unallocated amounts:
 
 
 
General and Administrative Expenses
(42,586
)
 
(34,061
)
Net Interest Expense
(23,023
)
 
(24,809
)
Income before income taxes and equity in earnings of affiliates
$
41,349

 
$
34,358