Earnings Per Share

6 Months Ended

Jun. 30, 2017

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 three and six months ended June 30, 2017 and 2016 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Net income	$	30,942	$	23,156	$	71,308	$	55,482
Net loss attributable to noncontrolling interests	50		53		87		77
Net income attributable to The GEO Group, Inc.	30,992		23,209		71,395		55,559
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	122,125		111,066		117,885		110,940
Per share amount	$	0.25	$	0.21	$	0.61	$	0.50
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	122,125		111,066		117,885		110,940
Dilutive effect of equity incentive plans	770		413		817		441
Weighted average shares assuming dilution	122,895		111,479		118,702		111,381
Per share amount	$	0.25	$	0.21	$	0.60	$	0.50

Outstanding share and per-share amounts disclosed for all periods presented have been retroactively adjusted to reflect the effects of the stock split.

Three Months

For the three months ended June 30, 2017, 486,018 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 175,385 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended June 30, 2016, 383,195 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 267,861 common stock equivalents from restricted shares that were anti-dilutive.

Six Months

For the six months ended June 30, 2017, 561,129 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 554,201 common stock equivalents from restricted shares that were anti-dilutive.

For the six months ended June 30, 2016, 814,647 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 397,634 common stock equivalents from restricted shares that were anti-dilutive.