Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Changes in Shareholders' Equity that are Attributable to the Company's Shareholders and to Noncontrolling Interests

The following tables present the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Common shares					Additional Paid-In			Distributions in Excess of			Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares			Amount		Capital			Earnings			Loss			Shares		Amount			Interests			Equity
For the Three Months Ended    June 30, 2022
Balance, March 31, 2022		124,011		$	1,289	$	1,281,268		$	(137,741	)	$	(17,632	)		4,852	$	(105,099	)	$	(1,250	)	$	1,020,835
Stock-based compensation    expense		—			—		3,556			—			—			—		—			—			3,556
Restricted stock granted		2			—		—			—			—			—		—			—			—
Restricted stock canceled		(14	)		—		—			—			—			—		—			—			—
Other adjustment		—			—		—			(91	)		—			—		—			—			(91	)
Shares withheld for net    settlements of share-    based awards [1]		(3	)		—		(17	)		—			—			—		—			—			(17	)
Issuance of common    stock - ESPP		7			—		60						—			—		—			—			60
Net income (loss)		—			—		—			53,727			—			—		—			(54	)		53,673
Other comprehensive income    (loss)		—			—		—			—			(8,207	)		—		—			23			(8,184	)
Balance, June 30, 2022		124,003		$	1,289	$	1,284,867		$	(84,105	)	$	(25,839	)		4,852	$	(105,099	)	$	(1,281	)	$	1,069,832

	Common shares						Additional Paid-In			Distributions in Excess of			Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares			Amount			Capital			Earnings			Loss			Shares		Amount			Interests			Equity
For the Three Months Ended    June 30, 2021
Balance, March 31, 2021		122,303		$	1,272		$	1,268,027		$	(202,834	)	$	(20,110	)		4,852	$	(105,099	)	$	(1,083	)	$	940,173
Stock-based compensation    expense		—			—			4,023			—			—			—		—			—			4,023
Restricted stock granted		200			2			(2	)		—			—			—		—			—			-
Restricted stock canceled		(93	)		(1	)		1			—			—			—		—			—			-
Shares withheld for net    settlements of share-    based awards [1]		(12	)		—			(100	)		—			—			—		—			—			(100	)
Issuance of common    stock - ESPP		11			—			65			—			—			—		—			—			65
Net income (loss)		—			—			—			41,959			—			—		—			(28	)		41,931
Other comprehensive income    (loss)		—			—			—			—			(1,022	)		—		—			(2	)		(1,024	)
Balance, June 30, 2021		122,409		$	1,273		$	1,272,014		$	(160,875	)	$	(21,132	)		4,852	$	(105,099	)	$	(1,113	)	$	985,068

	Common shares						Additional Paid-In			Distributions in Excess of			Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares			Amount			Capital			Earnings			Loss			Shares		Amount			Interests			Equity
For the Six Months Ended    June 30, 2022
Balance January 1, 2022		122,472		$	1,273		$	1,276,213		$	(175,960	)	$	(20,216	)		4,852	$	(105,099	)	$	(1,195	)	$	975,016
Stock-based compensation    expense		—			—			9,869			—			—			—		—			—			9,869
Restricted stock granted		1,786			18			(18	)		—			—			—		—			—			—
Restricted stock canceled		(40	)		—			—			—			—			—		—			—			—
Other adjustment		—			—			—			(91	)		—			—		—			—			(91	)
Shares withheld for net    settlements of share-    based awards [1]		(229	)		(2	)		(1,300	)		—			—			—		—			—			(1,302	)
Issuance of common    stock - ESPP		14			—			103			—			—			—		—			—			103
Net income (loss)		—			—			—			91,946			—			—		—			(94	)		91,852
Other comprehensive income    (loss)		—			—			—			—			(5,623	)		—		—			8			(5,615	)
Balance, June 30, 2022		124,003		$	1,289		$	1,284,867		$	(84,105	)	$	(25,839	)		4,852	$	(105,099	)	$	(1,281	)	$	1,069,832

	Common shares						Additional Paid-In			Earnings in Excess of			Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares			Amount			Capital			Distributions			Loss			Shares		Amount			Interests			Equity
For the Six Months Ended    June 30, 2021
Balance, January 1, 2021		121,318		$	1,262		$	1,262,267		$	(222,892	)	$	(22,589	)		4,835	$	(104,946	)	$	(1,020	)	$	912,082
Proceeds from exercise    of stock options		—			—			1			—			—			—		—			—			1
Stock-based compensation    expense		—			—			11,426			—			—			—		—			—			11,426
Restricted stock granted		1,448			14			(14	)		—			—			—		—			—			-
Restricted stock canceled		(111	)		—			—			—			—			—		—			—			-
Dividends paid		—			—			—			(30,487	)		—			—		—			—			(30,487	)
Shares withheld for net    settlements of share-    based awards [1]		(256	)		(3	)		(1,999	)		—			—			—		—			—			(2,002	)
Issuance of common    stock - ESPP		27			—			180			—			—			—		—			—			180
Purchase of treasury shares		(17	)		—			—			—			—			17		(153	)		—			(153	)
Other adjustment to additional paid-in capital		—			—			153			—			—			—		—			—			153
Net income (loss)		—			—			—			92,504			—			—		—			(88	)		92,416
Other comprehensive    income (loss)		—			—			—			—			1,457			—		—			(5	)		1,452
Balance, June 30, 2021		122,409		$	1,273		$	1,272,014		$	(160,875	)	$	(21,132	)		4,852	$	(105,099	)	$	(1,113	)	$	985,068

[1] During the three and six months ended June 30, 2022 and 2021, the Company withheld shares through net share settlements to satisfy statutory tax withholding requirements upon vesting of shares of restricted stock held by employees.

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) attributable to GEO within shareholders' equity are as follows:

	Six Months Ended June 30, 2022
	(In thousands)
	Foreign currency translation adjustments, net of tax (1)			Change in fair value of derivatives, net of tax			Change in marketable securities, net of tax			Pension adjustments, net of tax			Total
Balance, January 1, 2022	$	(12,461	)	$	(2,524	)	$	7		$	(5,238	)	$	(20,216	)
Current-period other comprehensive income (loss)		(9,409	)		4,374			(758	)		170			(5,623	)
Balance, June 30, 2022	$	(21,870	)	$	1,850		$	(751	)	$	(5,068	)	$	(25,839	)

	Six Months Ended June 30, 2021
	(In thousands)
	Foreign currency translation adjustments, net of tax (1)			Change in fair value of derivatives, net of tax			Pension adjustments, net of tax			Total
Balance, January 1, 2021	$	(9,207	)	$	(4,752	)	$	(8,630	)	$	(22,589	)
Current-period other comprehensive income (loss)		(636	)		311			1,782			1,457
Balance, June 30, 2021	$	(9,843	)	$	(4,441	)	$	(6,848	)	$	(21,132	)

(1)The foreign currency translation related to noncontrolling interests was not significant at June 30, 2022 or 2021.