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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
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 Distributions/(Distributions) in Excess of
 
Accumulated
Other
Comprehensive
 
Treasury shares
 
Noncontrolling
 
Total
Shareholders'
 
Shares
 
Amount
 
Capital
 
Earnings
 
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
97

 
1

 
1,780

 
—

 
—

 
—

 
—

 
—

 
1,781

Stock-based compensation expense
—

 
—

 
16,351

 
—

 
—

 
—

 
—

 
—

 
16,351

Restricted stock granted
905

 
9

 
(9
)
 
—

 
—

 
 
 
—

 
—

 
—

Restricted stock canceled
(52
)
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Dividends paid
—

 
—

 
—

 
(172,256
)
 
—

 
—

 
—

 
—

 
(172,256
)
Shares withheld for net settlements of share-based awards [1]
(173
)
 
(2
)
 
(4,450
)
 
—

 
—

 
—

 
—

 
—

 
(4,452
)
Issuance of common stock - ESPP
18

 
—

 
404

 
—

 
—

 
—

 
—

 
—

 
404

Repurchases of common stock
(3,117
)
 
—

 
—

 
—

 
—

 
3,117

 
(70,446
)
 
—

 
(70,446
)
Net income (loss)
—

 
—

 
—

 
111,697

 
—

 
—

 
—

 
(223
)
 
111,474

Other comprehensive loss
—

 
—

 
—

 
—

 
(1,339
)
 
—

 
—

 
(24
)
 
(1,363
)
Balance, September 30, 2018
121,686

 
$
1,248

 
$
1,204,982

 
$
(29,018
)
 
$
(25,785
)
 
3,117

 
$
(70,446
)
 
$
(569
)
 
$
1,080,412




[1] During the nine months ended September 30, 2018, the Company withheld shares through net share settlements to satisfy statutory tax withholding requirements upon vesting of shares of restricted stock held by employees.
Dividends declared
During the nine months ended September 30, 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
April 11, 2018
 
April 23, 2018
May 3, 2018
 
$0.47
 
$57.4
July 10, 2018
 
July 20, 2018
July 27, 2018
 
$0.47
 
$57.2
Schedule of accumulated other comprehensive income (loss)
The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:

 
 
Nine Months Ended September 30, 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 (loss) income
 
(5,858
)
 
4,550

 
(31
)
 
(1,339
)
Balance, September 30, 2018
 
$
(13,328
)
 
$
(7,342
)
 
$
(5,115
)
 
$
(25,785
)

(1) The foreign currency translation related to noncontrolling interests was not significant at September 30, 2018 or December 31, 2017.