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Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic earnings per share of common stock is computed by dividing the net income 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 months ended March 31, 2019 and 2018 as follows (in thousands, except per share data):
 
 
Three Months Ended
 
March 31, 2019

March 31, 2018
Net income
$
40,649

 
$
34,920

Net loss attributable to noncontrolling interests
56

 
67

Net income attributable to The GEO Group, Inc.
40,705

 
34,987

Basic earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
118,774

 
121,768

Per share amount
$
0.34

 
$
0.29

Diluted earnings per share attributable to The GEO Group, Inc.:
 
 
 
Weighted average shares outstanding
118,774

 
121,768

Dilutive effect of equity incentive plans
721

 
536

Weighted average shares assuming dilution
119,496

 
122,304

Per share amount
$
0.34

 
$
0.29



Three Months
For the three months ended March 31, 2019, 1,191,206 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 874,714 common stock equivalents from restricted shares that were anti-dilutive.
For the three months ended March 31, 2018, 759,382 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 757,401 common stock equivalents from restricted shares that were anti-dilutive.