Earnings Per Share

Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the years ended December 31, 2018, 2017, and 2016 respectively, as follows:



Fiscal Year	2018		2017		2016
	(In thousands, except per share data)
Net Income	$	144,827	$	146,024	$	148,498
Loss attributable to noncontrolling interests	262		217		217
Net income attributable to The GEO Group, Inc.	$	145,089	$	146,241	$	148,715
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	120,241		120,095		111,065
Per share amount	$	1.21	$	1.22	$	1.34
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	120,241		120,095		111,065
Dilutive effect of equity incentive plans	506		719		420
Weighted average shares assuming dilution	120,747		120,814		111,485
Per share amount - diluted	$	1.20	$	1.21	$	1.33

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

For the year ended December 31, 2018, 931,476 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. 680,062 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS.

For the year ended December 31, 2017, 617,025 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. 719,204 common stock equivalents from restricted shares were anti-dilutive.

For the year ended December 31, 2016, 862,964 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. 267,045 common stock equivalents from restricted shares were anti-dilutive.