Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Operating and Reporting Segments

Segment disclosures below (in thousands) reflect the results of continuing operations. All transactions between segments are eliminated.

Fiscal Year	2021			2020			2019
Revenues:
U.S. Secure Services	$	1,488,936		$	1,571,216		$	1,601,679
Electronic Monitoring and Supervision Services		278,934			241,944			256,954
Reentry Services		274,893			309,398			357,295
International Services		213,849			227,540			261,994
Total revenues	$	2,256,612		$	2,350,098		$	2,477,922
Capital Expenditures:
U.S. Secure Services	$	23,780		$	58,410		$	54,642
Electronic Monitoring and Supervision Services		29,504			32,972			32,467
Reentry Services		14,675			16,276			28,488
International Services		1,435			1,142			1,647
Total capital expenditures	$	69,394		$	108,800		$	117,244
Depreciation and amortization:
U.S. Secure Services	$	83,721		$	80,702		$	78,974
Electronic Monitoring and Supervision Services		30,422			31,678			29,828
Reentry Services		18,773			20,154			19,953
International Services		2,261			2,146			2,070
Total depreciation and amortization	$	135,177		$	134,680		$	130,825
Operating Income:
U.S. Secure Services	$	292,925		$	298,952		$	323,391
Electronic Monitoring and Supervision Services		127,070			97,421			104,538
Reentry Services [1]		50,128			6,740			44,306
International Services		22,266			19,664			16,797
Operating income from segments	$	492,389		$	422,777		$	489,032
General and Administrative Expenses		(204,306	)		(193,372	)		(185,926	)
Total operating income	$	288,083		$	229,405		$	303,106

[1] Operating income for Reentry Services for the year ended December 31, 2020 includes a goodwill impairment charge of $21.1

Schedule of Pre-Tax Income Reconciliation of Segments

The following is a reconciliation of the Company’s total operating income from its reportable segments to the Company’s income before income taxes and equity in earnings of affiliates, in each case, during the years ended December 31, 2021, 2020 and 2019, respectively.

Fiscal Year Ended	2021			2020			2019
	(In thousands)
Operating income from segments	$	492,389		$	422,777		$	489,032
Unallocated amounts:
General and administrative expense		(204,306	)		(193,372	)		(185,926	)
Net interest expense		(105,453	)		(103,765	)		(122,090	)
Gain (loss) on extinguishment of debt		4,693			5,319			(4,795	)
Net gain (loss) on disposition of assets		5,499			(6,831	)		(2,693	)
Income before income taxes and equity in earnings of affiliates	$	192,822		$	124,128		$	173,528

Geographical Information

	2021		2020
	(In thousands)
Segment assets:
U.S. Secure Services	$	2,433,023	$	2,529,375
Reentry Services		566,916		657,214
Electronic Monitoring and Supervision Services		483,112		401,291
International Services		451,547		488,040
Total segment assets	$	3,934,598	$	4,075,920

Fiscal Year	2021		2020		2019
	(In thousands)
Revenues:
U.S. operations	$	2,043,157	$	2,123,045	$	2,216,401
Australia operations		186,980		201,932		235,462
South African operations		19,527		17,044		18,779
United Kingdom operations		6,948		8,077		7,280
Total revenues	$	2,256,612	$	2,350,098	$	2,477,922
Property and Equipment, net:
U.S. operations	$	2,026,252	$	2,109,070	$	2,131,877
Australia operations		11,491		12,908		12,215
South African operations		102		127		182
United Kingdom operations		—		90		448
Total Property and Equipment, net	$	2,037,845	$	2,122,195	$	2,144,722

Asset Reconciliation of Segments

The following is a reconciliation of the Company’s reportable segment assets to the Company’s total assets as of December 31, 2021 and 2020, respectively.

	2021		2020
	(In thousands)
Reportable segment assets	$	3,934,598	$	4,075,920
Cash		506,491		283,524
Deferred income tax assets		—		36,604
Restricted cash and investments, current and non-current		96,319		64,078
Total assets	$	4,537,408	$	4,460,126

Sources of Revenue

Fiscal Year	2021		2020
	(In thousands)
Revenues:
Secure Services	$	1,702,785	$	1,798,756
Electronic Monitoring and Supervision Services		278,934		241,944
Reentry Services		274,893		309,398
Total revenues	$	2,256,612	$	2,350,098

Business Concentration

Except for the major customer noted in the following table, no other single customer made up greater than 10% of the Company’s consolidated revenues for the following fiscal years:

Customer	2021			2020			2019
Various agencies of the U.S Federal Government:		58	%		56	%		53	%