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Earnings Per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

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.