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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated for the three and six months ended June 30, 2022 and 2021 as follows (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,
2022

 

 

June 30,
2021

 

 

June 30,
2022

 

 

June 30,
2021

 

Net income

 

$

53,673

 

 

$

41,931

 

 

$

91,852

 

 

$

92,416

 

Net loss attributable to noncontrolling interests

 

 

54

 

 

 

28

 

 

 

94

 

 

 

88

 

Less: Undistributed income allocable to participating securities

 

 

(9,171

)

 

 

(7,197

)

 

 

(15,717

)

 

 

(7,715

)

Net income attributable to The GEO Group, Inc. available to common stockholders

 

 

44,556

 

 

 

34,762

 

 

 

76,229

 

 

 

84,789

 

Basic earnings per share attributable to The GEO Group,
   Inc. available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

121,119

 

 

 

120,426

 

 

 

120,918

 

 

 

120,225

 

Per share amount

 

$

0.37

 

 

$

0.29

 

 

$

0.63

 

 

$

0.71

 

Diluted earnings per share attributable to The GEO Group,
   Inc. available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

121,119

 

 

 

120,426

 

 

 

120,918

 

 

 

120,225

 

Dilutive effect of equity incentive plans

 

 

762

 

 

 

44

 

 

 

732

 

 

 

206

 

Weighted average shares assuming dilution

 

 

121,881

 

 

 

120,470

 

 

 

121,650

 

 

 

120,431

 

Per share amount

 

$

0.37

 

 

$

0.29

 

 

$

0.63

 

 

$

0.70