Earnings Per Share

6 Months Ended

Jun. 30, 2019

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 and six months ended June 30, 2019 and 2018 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Net income	$	41,836	$	37,325	$	82,485	$	72,245
Net loss attributable to noncontrolling interests	78		96		134		163
Net income attributable to The GEO Group, Inc.	41,914		37,421		82,619		72,408
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Dilutive effect of equity incentive plans	376		385		545		444
Weighted average shares assuming dilution	119,544		120,659		119,517		121,461
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60

Three Months

For the three months ended June 30, 2019, 1,399,742 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 775,827 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended June 30, 2018, 969,655 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 709,153 common stock equivalents from restricted shares that were anti-dilutive.

Six Months

For the six months ended June 30, 2019, 1,297,624 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 694,029 common stock equivalents from restricted shares that were anti-dilutive.

For the six months ended June 30, 2018, 821,206 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 719,184 common stock equivalents from restricted shares that were anti-dilutive.