EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

6.EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CoreCivic, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted stock-based awards.

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
NUMERATOR
Basic:
Net income	$	18,954	$	14,830	$	28,497	$	27,230
Diluted:
Net income	$	18,954	$	14,830	$	28,497	$	27,230
DENOMINATOR
Basic:
Weighted average common shares outstanding		110,954		113,628		111,630		113,840
Diluted:
Weighted average common shares outstanding		110,954		113,628		111,630		113,840
Effect of dilutive securities:
Restricted stock-based awards		578		324		879		631
Weighted average shares and assumed conversions		111,532		113,952		112,509		114,471
BASIC EARNINGS PER SHARE	$	0.17	$	0.13	$	0.26	$	0.24
DILUTED EARNINGS PER SHARE	$	0.17	$	0.13	$	0.25	$	0.24