Business Segments and Geographic Information (Tables)

9 Months Ended

Sep. 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						Nine Months Ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
Revenues:
U.S. Secure Services	$	400,908		$	385,007		$	1,203,945		$	1,123,507
Electronic Monitoring and Supervision Services		80,067			94,489			251,596			335,158
Reentry Services		70,112			71,375			206,902			203,192
International Services		52,038			51,914			153,539			143,028
Total revenues	$	603,125		$	602,785		$	1,815,982		$	1,804,885
Operating income from segments:
U.S. Secure Services	$	79,363		$	64,187		$	238,373		$	195,589
Electronic Monitoring and Supervision Services		33,011			46,651			109,468			166,460
Reentry Services		13,748			16,826			38,645			37,198
International Services		3,330			3,281			7,941			8,564
Operating income from segments	$	129,452		$	130,945		$	394,427		$	407,811
General and Administrative Expenses		(47,081	)		(47,356	)		(152,349	)		(139,182	)
Total Operating Income	$	82,371		$	83,589		$	242,078		$	268,629

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						Nine Months Ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
Operating income from segments	$	129,452		$	130,945		$	394,427		$	407,811
Unallocated amounts:
General and administrative expenses		(47,081	)		(47,356	)		(152,349	)		(139,182	)
Net interest expense		(42,330	)		(54,457	)		(139,803	)		(161,296	)
Loss on extinguishment of debt		(2,920	)		(91	)		(85,298	)		(1,845	)
Gain (loss) on disposition on asset divestitures/impairment		-			1,274			(2,907	)		3,449
Income before income taxes and equity in earnings of    affiliates	$	37,121		$	30,315		$	14,070		$	108,937