Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data (Unaudited)

18. Selected Quarterly Financial Data (Unaudited)

The Company’s selected quarterly financial data is as follows (in thousands, except per share data attributable to GEO):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter [1]
2020
Revenues	$	605,017	$	587,829	$	579,136	$	578,116
Operating income		56,586		63,513		64,462		38,013
Net Income		25,121		36,654		39,172		11,884
Net Income Attributable to The GEO Group, Inc.		25,181		36,720		39,220		11,911
Basic earnings per share:
Net income per share	$	0.21	$	0.31	$	0.33	$	0.09
Diluted earnings per share:
Net income per share *	$	0.21	$	0.31	$	0.33	$	0.09

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019
Revenues	$	610,667	$	613,966	$	631,579	$	621,710
Operating income		74,777		81,175		78,159		66,302
Net Income		40,649		41,836		45,885		38,042
Net Income Attributable to The GEO Group, Inc.		40,705		41,914		45,932		38,052
Basic earnings per share:
Net income per share	$	0.34	$	0.35	$	0.39	$	0.32
Diluted earnings per share:
Net income per share *	$	0.34	$	0.35	$	0.39	$	0.32

[1] Decrease primarily due to goodwill impairment charges taken in the fourth quarter of 2020.  Refer to Note 1 – Summary of Business Organization, Operations and Significant Accounting Policies – Goodwill and Other Intangible Assets.

* Earnings per share table may contain slight summation differences due to rounding.