EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

13.

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 Years Ended December 31,
	2024		2023		2022
NUMERATOR
Basic:
Net income	$	68,868	$	67,590	$	122,320
Diluted:
Net income	$	68,868	$	67,590	$	122,320
DENOMINATOR
Basic:
Weighted average common shares outstanding		110,939		113,798		118,199
Diluted:
Weighted average common shares outstanding		110,939		113,798		118,199
Effect of dilutive securities:
Restricted stock-based awards		902		852		899
Weighted average shares and assumed conversions		111,841		114,650		119,098
BASIC EARNINGS PER SHARE	$	0.62	$	0.59	$	1.03
DILUTED EARNINGS PER SHARE	$	0.62	$	0.59	$	1.03