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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated for the three and six months ended June 30, 2024 and 2023 as follows (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2023

 

 

June 30, 2024

 

 

June 30, 2023

 

Net income (loss)

 

$

(32,563

)

 

$

29,525

 

 

$

(9,904

)

 

$

57,519

 

Net loss attributable to noncontrolling interests

 

 

50

 

 

 

46

 

 

 

59

 

 

 

55

 

Less: Undistributed income allocable to participating securities

 

 

-

 

 

 

(5,016

)

 

 

-

 

 

 

(9,787

)

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

 

 

(32,513

)

 

 

24,555

 

 

 

(9,845

)

 

 

47,787

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

130,518

 

 

 

122,045

 

 

 

125,631

 

 

 

121,740

 

Per share amount

 

$

(0.25

)

 

$

0.20

 

 

$

(0.08

)

 

$

0.39

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

130,518

 

 

 

122,045

 

 

 

125,631

 

 

 

121,740

 

Dilutive effect of equity incentive plans

 

 

 

 

 

1,233

 

 

 

 

 

 

1,756

 

Weighted average shares assuming dilution

 

 

130,518

 

 

 

123,278

 

 

 

125,631

 

 

 

123,496

 

Per share amount

 

$

(0.25

)

 

$

0.20

 

 

$

(0.08

)

 

$

0.39