Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

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			Treasury shares				Noncontrolling			Total Shareholders'
	Shares		Amount			Capital			Distributions			Loss			Shares	Amount			Interests			Equity
Balance, January 1, 2018	124,008		$	1,240		$	1,190,906		$	31,541		$	(24,446	)	—	$	—		$	(322	)	$	1,198,919
Proceeds from exercise of stock options	15		1			260			—			—			—	—			—			261
Stock-based compensation expense	—		—			5,827			—			—			—	—			—			5,827
Restricted stock canceled	(9	)	—			—			—			—			—	—			—			—
Dividends paid	—		—			—			(58,319		)	—			—	—			—			(58,319		)
Shares withheld for net settlements of share-based awards	(169	)	(2		)	(4,355		)	—			—			—	—			—			(4,357		)
Issuance of common stock - ESPP	8		—			141			—			—			—	—			—			141
Repurchases of common stock	(1,848	)				—									1,848	(40,182		)	—			(40,182		)
Net income (loss)	—		—			—			34,987			—			—	—			(67		)	34,920
Other comprehensive income	—		—			—			—			1,354			—	—			8			1,362
Balance, March 31, 2018	122,005		$	1,239		$	1,192,779		$	8,209		$	(23,092	)	1,848	$	(40,182	)	$	(381	)	$	1,138,572

Dividends declared

During the three months ended March 31, 2018 and the year ended December 31, 2017 GEO declared and paid the following regular cash distributions to its shareholders as follows:



Declaration Date	Record Date	Payment Date	Distribution Per Share	Aggregate Payment Amount (in millions)
February 6, 2017	February 17, 2017	February 27, 2017	$0.47	$52.5
April 25, 2017	May 9, 2017	May 19, 2017	$0.47	$58.4
July 10, 2017	July 21, 2017	July 28, 2017	$0.47	$58.3
October 12, 2017	October 23, 2017	October 30, 2017	$0.47	$58.3
February 5, 2018	February 16, 2018	February 27, 2018	$0.47	$58.3

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, 2018
	(In thousands)
	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. (1)			Change in fair value of derivatives, net of tax			Pension adjustments, net of tax			Total
Balance, January 1, 2018	$	(7,470	)	$	(11,892	)	$	(5,084	)	$	(24,446	)
Current-period other comprehensive income	513			736			105			1,354
Balance, March 31, 2018	$	(6,957	)	$	(11,156	)	$	(4,979	)	$	(23,092	)

⁽¹⁾ The foreign currency translation related to noncontrolling interests was not significant at March 31, 2018 or December 31, 2017.