Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Changes in Shareholders' Equity that are Attributable to the Company's Shareholders and to Noncontrolling Interests

The following tables present the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests for the three months ended March 31, 2025 and 2024 (in thousands):

	Common shares						Additional Paid-In					Accumulated Other Comprehensive			Treasury shares				Noncontrolling			Total Shareholders'
	Shares			Amount			Capital			Retained Earnings		Loss			Shares		Amount		Interests			Equity
For the Three Months Ended    March 31, 2025
Balance, January 1, 2025		140,181		$	1,402		$	1,315,256		$	39,880	$	(21,602	)		—	$	—	$	(1,522	)	$	1,333,414
Proceeds from exercise    of stock options		209			2			3,305			—		—			—		—		—			3,307
Stock-based compensation    expense		—			—			6,488			—		—			—		—		—			6,488
Restricted stock granted		1,827			18			(18	)		—		—			—		—		—			—
Restricted stock canceled		(107	)		(1	)		—			—		—			—		—		—			(1	)
Shares withheld for net    settlements of share-    based awards [1]		(906	)		(9	)		(22,168	)		—		—			—		—		—			(22,177	)
Issuance of common    stock - ESPP		1			—			39					—			—		—		—			39
Net income		—			—			—			19,558		—			—		—		(16	)		19,542
Other comprehensive income (loss)		—			—			—			—		948			—		—		(12	)		936
Balance, March 31, 2025		141,205		$	1,412		$	1,302,902		$	59,438	$	(20,654	)		—	$	—	$	(1,550	)	$	1,341,548

	Common shares						Additional Paid-In					Accumulated Other Comprehensive			Treasury shares					Noncontrolling			Total Shareholders'
	Shares			Amount			Capital			Retained Earnings		Loss			Shares		Amount			Interests			Equity
For the Three Months Ended    March 31, 2024
Balance, January 1, 2024		126,087		$	1,303		$	1,299,193		$	103,089	$	(16,642	)		4,210	$	(95,175	)	$	(1,454	)	$	1,290,314
Proceeds from exercise of    stock options		73			1			528			—		—			—		—			—			529
Stock-based compensation    expense		—			—			5,656			—		—			—		—			—			5,656
Restricted stock granted		929			9			(9	)		—		—			—		—			—			-
Restricted stock canceled		(20	)		—						—		—			—		—			—			-
Shares withheld for net    settlements of share-    based awards [1]		(615	)		(6	)		(7,406	)		—		—			—		—			—			(7,412	)
Issuance of common    stock - ESPP		3			—			36			—		—			—		—			—			36
Net income		—			—			—			22,668		—			—		—			(9	)		22,659
Other comprehensive income (loss)		—			—			—			—		(3,173	)		—		—			12			(3,161	)
Balance, March 31, 2024		126,457		$	1,307		$	1,297,998		$	125,757	$	(19,815	)		4,210	$	(95,175	)	$	(1,451	)	$	1,308,621

[1] The Company withheld shares through net settlements to satisfy statutory tax withholding requirements upon the vesting of shares

of restricted stock held by employees.

Schedule of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss attributable to GEO within shareholders' equity are as follows:

	Three Months Ended March 31, 2025
	(In thousands)
	Foreign currency translation adjustments, net of tax (1)			Change in fair value of derivatives, net of tax			Change in marketable securities, net of tax			Pension adjustments, net of tax			Total
Balance, January 1, 2025	$	(26,939	)	$	3,833		$	(15	)	$	1,519		$	(21,602	)
Current-period other comprehensive income (loss)		1,442			(684	)		239			(49	)		948
Balance, March 31, 2025	$	(25,497	)	$	3,149		$	224		$	1,470		$	(20,654	)

	Three Months Ended March 31, 2024
	(In thousands)
	Foreign currency translation adjustments, net of tax (1)			Change in fair value of derivatives, net of tax		Pension adjustments, net of tax		Total
Balance, January 1, 2024	$	(19,755	)	$	3,041	$	72	$	(16,642	)
Current-period other comprehensive income (loss)		(3,884	)		699		12		(3,173	)
Balance, March 31, 2024	$	(23,639	)	$	3,740	$	84	$	(19,815	)

(1)The foreign currency translation related to noncontrolling interests was not significant at March 31, 2025 or 2024.