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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated for the three and nine months ended September 30, 2024 and 2023 as follows (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

September 30, 2024

 

 

September 30, 2023

 

Net income

 

$

26,289

 

 

$

24,503

 

 

$

16,385

 

 

$

82,022

 

Net loss attributable to noncontrolling interests

 

 

31

 

 

 

16

 

 

 

90

 

 

 

71

 

Less: Undistributed income allocable to participating securities

 

 

-

 

 

 

(4,159

)

 

 

(1,338

)

 

 

(13,944

)

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

 

 

26,320

 

 

 

20,360

 

 

 

15,137

 

 

 

68,149

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

135,961

 

 

 

122,066

 

 

 

129,682

 

 

 

121,850

 

Per share amount

 

$

0.19

 

 

$

0.17

 

 

$

0.12

 

 

$

0.56

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

135,961

 

 

 

122,066

 

 

 

129,682

 

 

 

121,850

 

Dilutive effect of equity incentive plans

 

 

2,169

 

 

 

1,367

 

 

 

2,340

 

 

 

1,629

 

Weighted average shares assuming dilution

 

 

138,130

 

 

 

123,433

 

 

 

132,022

 

 

 

123,479

 

Per share amount

 

$

0.19

 

 

$

0.16

 

 

$

0.11

 

 

$

0.55