Business Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Revenues:
U.S. Secure Services	$	402,097		$	372,543		$	803,037		$	738,500
Electronic Monitoring and Supervision Services		84,745			108,029			171,529			240,669
Reentry Services		68,960			67,594			136,790			131,817
International Services		51,383			45,725			101,501			91,114
Total revenues	$	607,185		$	593,891		$	1,212,857		$	1,202,100
Operating income from segments:
U.S. Secure Services	$	79,769		$	67,058		$	159,010		$	131,402
Electronic Monitoring and Supervision Services		38,277			55,121			76,457			119,809
Reentry Services		12,155			10,186			24,897			20,372
International Services		2,142			1,707			4,611			5,283
Operating income from segments	$	132,343		$	134,072		$	264,975		$	276,866
General and Administrative Expenses		(52,198	)		(41,692	)		(105,268	)		(91,826	)
Total Operating Income	$	80,145		$	92,380		$	159,707		$	185,040

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, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Operating income from segments	$	132,343		$	134,072		$	264,975		$	276,866
Unallocated amounts:
General and administrative expenses		(52,198	)		(41,692	)		(105,268	)		(91,826	)
Net interest expense		(48,652	)		(53,749	)		(97,473	)		(106,839	)
Loss on extinguishment of debt		(82,339	)		(1,618	)		(82,378	)		(1,754	)
(Loss) gain on disposition on asset divestitures/impairment		(2,907	)		2,175			(2,907	)		2,175
Income (loss) before income taxes and equity in earnings of    affiliates	$	(53,753	)	$	39,188		$	(23,051	)	$	78,622