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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The purchase price allocation as of December 31, 2017 and as of March 31, 2018 and adjustments made to the estimated acquisition date fair values during the fiscal year ended December 31, 2018 are as follows (in thousands):

 
Acquisition Date Estimated Fair Value as of December 31, 2017
 
Measurement Period Adjustments
 
Final Acquisition Date Fair Value as of March 31, 2018
Accounts Receivable
$
32,869

 
$

 
$
32,869

Prepaid and other current assets
4,397

 

 
4,397

Property and equipment
126,510

 

 
126,510

Intangible assets
76,000

 

 
76,000

Favorable lease assets
3,110

 

 
3,110

Deferred income tax assets
4,116

 
44

 
4,160

Other non-current assets
4,327

 

 
4,327

  Total assets acquired
$
251,329

 
$
44

 
$
251,373

Accounts payable and accrued expenses
51,651

 
(1,339
)
 
50,312

Unfavorable lease liabilities
1,299

 

 
1,299

Other non-current liabilities
10,479

 
(1,166
)
 
9,313

  Total liabilities assumed
$
63,429

 
$
(2,505
)
 
$
60,924

  Total identifiable net assets
187,900

 
2,549

 
190,449

Goodwill
165,656

 
(2,549
)
 
163,107

Total consideration paid, net of cash acquired
$
353,556

 
$

 
$
353,556


Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
Identifiable intangible assets purchased in the acquisition and their weighted average amortization
periods in total and by major intangible asset class, as applicable, are included in the table below:


 
Weighted Average Useful Life (years)
 
Fair Value as of April 5, 2017
Facility management contracts
18
 
$
75,300

Covenants not to compete
1
 
700

Total acquired intangible assets
 
 
$
76,000

Business Acquisition, Pro Forma Information
The pro forma amounts are
included for comparative purposes and may not necessarily reflect the results of operations that would have resulted had the
acquisition been completed at the beginning of the applicable period and may not be indicative of the results that will be
attained in the future (in thousands):

 
Year Ended (unaudited)
 
December 31, 2017
 
December 31, 2016
 
Pro forma revenues
$
2,300,000

 
$
2,400,000

 
Pro forma net income attributable to the GEO Group, Inc.
$
160,000

 
$
143,000