Business Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating and Reporting Segments

The Company's segment revenues from external customers and a measure of segment profit are as follows (in thousands):

	Three Months Ended						Six Months Ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Revenues:
U.S. Secure Services	$	353,402		$	368,394		$	704,647		$	755,405
Electronic Monitoring and Supervision Services		121,484			64,835			209,405			125,213
Reentry Services		65,720			77,070			127,151			152,174
International Services		47,571			55,120			98,159			109,004
Total revenues	$	588,177		$	565,419		$	1,139,362		$	1,141,796
Operating income from segments:
U.S. Secure Services	$	72,824		$	78,902		$	147,532		$	147,416
Electronic Monitoring and Supervision Services		54,245			28,991			93,165			54,468
Reentry Services		14,207			13,407			24,211			26,340
International Services		3,094			5,804			9,548			12,989
Operating income from segments	$	144,370		$	127,104		$	274,456		$	241,213
General and Administrative Expenses		(49,296	)		(54,688	)	$	(97,856	)		(103,167	)
Total Operating Income	$	95,074		$	72,416		$	176,600		$	138,046

Schedule of Pre-Tax Income Reconciliation of Segments

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 thousands):

	Three Months Ended						Six Months Ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Operating income from segments	$	144,370		$	127,104		$	274,456		$	241,213
Unallocated amounts:
General and administrative expenses		(49,296	)		(54,688	)		(97,856	)		(103,167	)
Net interest expense		(27,663	)		(26,068	)		(53,656	)		(51,710	)
Gain on extinguishment of debt		-			1,654			-			4,693
(Loss) gain on disposition of real estate		3,680			(2,950	)		3,053			10,379
Income before income taxes and equity in earnings of    affiliates	$	71,091		$	45,052		$	125,997		$	101,408