Earnings Per Share

12 Months Ended

Dec. 31, 2019

Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the years ended December 31, 2019, 2018, and 2017 respectively, as follows:



Fiscal Year	2019		2018		2017
	(In thousands, except per share data)
Net Income	$	166,412	$	144,827	$	146,024
Loss attributable to noncontrolling interests	191		262		217
Net income attributable to The GEO Group, Inc.	$	166,603	$	145,089	$	146,241
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,097		120,241		120,095
Per share amount	$	1.40	$	1.21	$	1.22
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,097		120,241		120,095
Dilutive effect of equity incentive plans	214		506		719
Weighted average shares assuming dilution	119,311		120,747		120,814
Per share amount - diluted	$	1.40	$	1.20	$	1.21

For the year ended December 31, 2019, 1,495,210 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. For the same period, 1,514,177 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS.

For the year ended December 31, 2018, 931,473 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. For the same period, 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. For the same period, 719,204 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS.