Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Reconciliation of Total Operating Income from its Reportable Segments to Income Before Income Taxes and Equity in Earnings

Summarized financial information for the Company's segments is shown in the following tables including 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 each case, during the years ended December 31, 2024, 2023 and 2022, respectively.

Fiscal Year 2024	U.S. Secure Services		Electronic Monitoring and Supervision Services		Reentry Services		International Services		Total
Revenues	$	1,604,386	$	332,826	$	277,566	$	208,924	$	2,423,702
Less:
Labor and Related Taxes [1]		885,863		91,262		126,610		122,039		1,225,774
Medical Services and Supplies [1]		63,585		—		—		—		63,585
Other Segment Items [2]		352,021		94,209		92,659		72,451		611,340
Operating Income from Segments	$	302,917	$	147,355	$	58,297	$	14,434	$	523,003
Unallocated amounts:
General and administrative expense										(213,028	)
Net interest expense										(181,837	)
Loss on extinguishment of debt										(86,637	)
Net loss on asset divestitures/impairment										(2,907	)
Income before income taxes and equity in earnings of affiliates									$	38,594
Capital Expenditures	$	46,837	$	24,190	$	6,206	$	1,458	$	78,691
Depreciation and amortization	$	85,685	$	24,523	$	13,619	$	2,393	$	126,220

Fiscal Year 2023	U.S. Secure Services		Electronic Monitoring and Supervision Services		Reentry Services		International Services		Total
Revenues	$	1,518,292	$	425,879	$	275,102	$	193,894	$	2,413,167
Less:
Labor and Related Taxes [1]		824,893		96,510		125,626		104,028		1,151,057
Medical Services and Supplies [1]		71,483		—		—		—		71,483
Other Segment Items [2]		351,927		116,466		100,741		78,338		647,472
Operating Income from Segments	$	269,989	$	212,903	$	48,735	$	11,528	$	543,155
Unallocated amounts:
General and administrative expense										(190,766	)
Net interest expense										(210,500	)
Loss on extinguishment of debt										(8,532	)
Net gain on asset divestitures/impairment										4,691
Income before income taxes and equity in earnings of affiliates									$	138,048
Capital Expenditures	$	48,270	$	17,434	$	4,403	$	2,895	$	73,002
Depreciation and amortization	$	78,917	$	28,053	$	16,588	$	2,226	$	125,784

Fiscal Year 2022	U.S. Secure Services		Electronic Monitoring and Supervision Services		Reentry Services		International Services		Total
Revenues	$	1,437,831	$	496,268	$	255,428	$	187,200	$	2,376,727
Less:
Labor and Related Taxes [1]		755,290		95,157		113,649		89,261		1,053,357
Medical Services and Supplies [1]		67,327		—		—		—		67,327
Other Segment Items [2]		334,396		162,917		98,856		78,957		675,126
Operating Income from Segments	$	280,818	$	238,194	$	42,923	$	18,982	$	580,917
Unallocated amounts:
General and administrative expense										(196,972	)
Net interest expense										(148,562	)
Loss on extinguishment of debt										(37,895	)
Net gain on asset divestitures/impairment										32,332
Income before income taxes and equity in earnings of affiliates									$	229,820
Capital Expenditures	$	52,613	$	31,354	$	3,181	$	2,878	$	90,026
Depreciation and amortization	$	80,600	$	31,838	$	18,416	$	2,071	$	132,925

[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included in the amounts shown.

[2] Other segment items include:

U.S. Secure Services - depreciation and amortization, food services and supplies, utilities, repairs and maintenance, rent and lease expense and certain other overhead expenses.

Electronic Monitoring and Supervision Services - depreciation and amortization, cost of goods sold, rent and lease expense and certain other overhead expenses.

Reentry Services - depreciation and amortization, medical services and supplies, food services and supplies, rent and lease expense, utilities and certain other overhead expenses.

International Services - medical services and supplies, food services and supplies, utilities, repairs and maintenance and certain other overhead expenses.

Geographical Information

	2024		2023
	(In thousands)
Segment assets:
U.S. Secure Services	$	2,356,105	$	2,390,803
Electronic Monitoring and Supervision Services		504,782		511,984
Reentry Services		465,014		478,124
International Services		71,610		77,005
Total segment assets	$	3,397,511	$	3,457,916

Fiscal Year	2024		2023		2022
	(In thousands)
Revenues:
U.S. operations	$	2,214,778	$	2,219,400	$	2,189,527
Australia operations		190,872		177,653		168,225
South African operations		18,052		16,114		18,975
Total revenues	$	2,423,702	$	2,413,167	$	2,376,727
Property and Equipment, net:
U.S. operations	$	1,890,662	$	1,933,460	$	1,991,968
Australia operations		8,944		10,700		9,961
South African operations		84		118		92
Total Property and Equipment, net	$	1,899,690	$	1,944,278	$	2,002,021

Asset Reconciliation of Segments

The following is a reconciliation of the Company’s reportable segment assets to the Company’s total assets as of December 31, 2024 and 2023, respectively.

	2024		2023
	(In thousands)
Reportable segment assets	$	3,397,511	$	3,457,916
Cash		76,896		93,971
Deferred income tax assets		9,522		8,551
Restricted cash and investments, current and non-current		148,151		135,968
Total assets	$	3,632,080	$	3,696,406

Sources of Revenue

Fiscal Year	2024		2023
	(In thousands)
Revenues:
Secure Services [1]	$	1,813,310	$	1,712,186
Electronic Monitoring and Supervision Services		332,826		425,879
Reentry Services		277,566		275,102
Total revenues	$	2,423,702	$	2,413,167

[1] Includes international secured services

Business Concentration

Except for the major customer noted in the following table, no other single customer made up greater than 10% of the Company’s consolidated revenues for the following fiscal years:

Customer	2024			2023			2022
Various agencies of the U.S Federal Government:		62	%		63	%		64	%

Concentration of credit risk related to the major customer above for accounts receivable is as follows:

Customer	2024			2023
Various agencies of the U.S Federal Government:		64	%		54	%