Earnings Per Share

12 Months Ended

Dec. 31, 2020

4.	Earnings Per Share

Basic and diluted earnings per share (“EPS”) from continuing operations were calculated for the years ended December 31, 2020, 2019, and 2018 respectively, as follows:

Fiscal Year	2020		2019		2018
	(In thousands, except per share data)
Net Income	$	112,831	$	166,412	$	144,827
Loss attributable to noncontrolling interests		201		191		262
Net income attributable to The GEO Group, Inc.	$	113,032	$	166,603	$	145,089
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding		119,719		119,097		120,241
Per share amount	$	0.94	$	1.40	$	1.21
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding		119,719		119,097		120,241
Dilutive effect of equity incentive plans		272		214		506
Weighted average shares assuming dilution		119,991		119,311		120,747
Per share amount - diluted	$	0.94	$	1.40	$	1.20

For the year ended December 31, 2020, 1,931,407 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, 1,652,986 common stock equivalents from restricted shares were anti-dilutive and excluded from the computation of diluted EPS.

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.