0001193125-19-212102 | 10-Q | XBRL Viewer

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Jul. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-14260
Entity Registrant Name	The GEO Group, Inc
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	65-0043078
Entity Address, Address Line One	4955 Technology Way
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	561
Local Phone Number	893-0101
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	GEO
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		121,251,948
Entity Central Index Key	0000923796
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 613,966	$ 583,509	$ 1,224,633	$ 1,148,426
Operating expenses	453,168	437,797	910,165	864,506
Depreciation and amortization	32,352	31,313	64,821	63,239
General and administrative expenses	47,271	47,448	93,695	89,280
Operating income	81,175	66,951	155,952	131,401
Interest income	8,045	8,667	16,441	17,766
Interest expense	(38,932)	(36,345)	(79,212)	(72,214)
Loss on extinguishment of debt	(5,741)	(574)	(5,741)	(574)
Income before income taxes and equity in earnings of affiliates	44,547	38,699	87,440	76,379
Provision for income taxes	4,532	3,715	9,372	8,470
Equity in earnings of affiliates, net of income tax provision (benefit) of $357, $(269), $716 and $436, respectively	1,821	2,341	4,417	4,336
Net income	41,836	37,325	82,485	72,245
Net loss attributable to noncontrolling interests	78	96	134	163
Net income attributable to The GEO Group, Inc.	$ 41,914	$ 37,421	$ 82,619	$ 72,408
Weighted-average common shares outstanding:
Basic (in shares)	119,168	120,274	118,972	121,017
Diluted (in shares)	119,544	120,659	119,517	121,461
Basic:
Net income per common share attributable to The GEO Group, Inc. - basic (in dollars per share)	$ 0.35	$ 0.31	$ 0.69	$ 0.60
Diluted:
Net income per common share attributable to The GEO Group, Inc. - diluted (in dollars per share)	0.35	0.31	0.69	0.60
Dividends declared per share (in dollars per share)	$ 0.48	$ 0.47	$ 0.96	$ 0.94

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Income tax provision on equity in earnings of affiliates	$ 357	$ (269)	$ 716	$ 436

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net income	$ 41,836	$ 37,325	$ 82,485	$ 72,245
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	29	(5,061)	1,761	(4,540)
Pension liability adjustment, net of tax provision of $11, $491, $22 and $463, respectively	42	625	(605)	730
Change in fair value of derivative instrument classified as cash flow hedge, net of tax provision of $809, $402, $1,014 and $532, respectively	4,583		5,746
Change in fair value of derivative instrument classified as cash flow hedge, net of tax provision of $809, $402, $1,014 and $532, respectively		2,278		3,014
Total other comprehensive income (loss), net of tax	4,654	(2,158)	6,902	(796)
Total comprehensive income	46,490	35,167	89,387	71,449
Comprehensive loss attributable to noncontrolling interests	73	117	129	176
Comprehensive income attributable to The GEO Group, Inc.	$ 46,563	$ 35,284	$ 89,516	$ 71,625

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Tax provision on pension liability adjustment	$ 11	$ 491	$ 22	$ 463
Tax provision on change in fair value of derivative instrument classified as a cash flow hedge	$ 809		$ 1,014
Tax provision on change in fair value of derivative instrument classified as a cash flow hedge		$ 402		$ 532

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 21,561	$ 31,255
Restricted cash and cash equivalents	56,343	51,678
Accounts receivable, less allowance for doubtful accounts of $4,228 and $4,183, respectively	394,720	445,526
Contract receivable, current portion	13,944	15,535
Prepaid expenses and other current assets	46,316	57,768
Total current assets	532,884	601,762
Restricted Cash and Investments	27,358	22,431
Property and Equipment, Net	2,148,225	2,158,610
Assets Held for Sale	4,607	2,634
Contract Receivable	365,208	368,178
Operating Lease Right-of-Use Assets, Net	132,016
Deferred Income Tax Assets	29,924	29,924
Goodwill	776,357	776,359
Intangible Assets, Net	221,222	232,360
Other Non-Current Assets	70,337	65,860
Total Assets	4,308,138	4,258,118
Current Liabilities
Accounts payable	91,257	93,032
Accrued payroll and related taxes	71,369	76,009
Accrued expenses and other current liabilities	189,083	204,170
Operating lease liabilities, current portion	32,077
Current portion of finance lease liabilities, long-term debt and non-recourse debt	25,866	332,027
Total current liabilities	409,652	705,238
Deferred Income Tax Liabilities	13,681	13,681
Other Non-Current Liabilities	81,812	82,481
Operating Lease Liabilities	102,844
Finance Lease Liabilities	3,779
Finance Lease Liabilities		4,570
Long-Term Debt	2,354,526	2,397,227
Non-Recourse Debt	320,306	15,017
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Preferred stock, $0.01 par value, 30,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value, 187,500,000 shares authorized, 125,422,811 and 124,794,986 issued and 121,212,557 and 120,584,732 outstanding, respectively	1,254	1,248
Additional paid-in capital	1,220,242	1,210,916
Distributions in excess of earnings	(87,339)	(52,868)
Accumulated other comprehensive loss	(16,716)	(23,618)
Treasury stock, 4,210,254 shares, at cost	(95,175)	(95,175)
Total shareholders’ equity attributable to The GEO Group, Inc.	1,022,266	1,040,503
Noncontrolling interests	(728)	(599)
Total shareholders’ equity	1,021,538	1,039,904
Total Liabilities and Shareholders’ Equity	$ 4,308,138	$ 4,258,118

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4,228	$ 4,183
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	30,000,000	30,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	187,500,000	187,500,000
Common stock, shares issued (in shares)	125,422,811	124,794,986
Common stock, shares outstanding (in shares)	121,212,557	120,584,732
Treasury stock, shares (in shares)	4,210,254	4,210,254

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flow from Operating Activities:
Net income	$ 82,485	$ 72,245
Net loss attributable to noncontrolling interests	134	163
Net income attributable to The GEO Group, Inc.	82,619	72,408
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:
Depreciation and amortization expense	64,821	63,239
Stock-based compensation	12,180	10,787
Loss on extinguishment of debt	5,741	574
Amortization of debt issuance costs, discount and/or premium and other non-cash interest	5,023	3,992
Provision for doubtful accounts	259	525
Equity in earnings of affiliates, net of tax	(4,417)	(4,336)
Dividends received from unconsolidated joint venture	3,088	3,957
Loss (gain) on sale/disposal of property and equipment, net	1,972	(1,001)
Loss on assets held for sale	1,083	0
Changes in assets and liabilities, net of effects of acquisitions:
Changes in accounts receivable, prepaid expenses and other assets	38,866	19,838
Changes in contract receivable	3,151	(4,919)
Changes in accounts payable, accrued expenses and other liabilities	2,681	15,189
Net cash provided by operating activities	217,067	180,253
Cash Flow from Investing Activities:
Insurance proceeds - damaged property	10,761	4,036
Proceeds from sale of property and equipment	304	1,717
Proceeds from sale of assets held for sale	0	3,797
Change in restricted investments	(4,816)	(1,490)
Capital expenditures	(55,410)	(107,064)
Net cash used in investing activities	(49,161)	(99,004)
Cash Flow from Financing Activities:
Proceeds from long-term debt	170,000	245,000
Payments on long-term debt	(213,926)	(134,000)
Payments on non-recourse debt	(326,942)	(7,490)
Proceeds from non-recourse debt	326,127	0
Taxes paid related to net share settlements of equity awards	(4,177)	(4,391)
Proceeds from issuance of common stock in connection with ESPP	252	264
Payment for repurchases of common stock	0	(70,446)
Debt issuance costs	9,937	990
Proceeds from the exercise of stock options	1,077	1,372
Cash dividends paid	(116,122)	(115,017)
Net cash used in financing activities	(173,648)	(85,698)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	824	(1,881)
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(4,918)	(6,330)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	84,472	133,545
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	79,554	127,215
Non-cash Investing and Financing activities:
Right-of-use assets obtained from operating lease liabilities upon adoption of new lease standard (Refer to Note 2 - Leases)	147,000	0
Capital expenditures in accounts payable and accrued expenses	$ 6,442	$ 5,408

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The GEO Group, Inc., a Florida corporation, and subsidiaries (the “Company” or “GEO”) is a fully-integrated real estate investment trust (“REIT”) specializing in the design, financing, development and operation of correctional facilities, processing centers and community reentry centers in the United States, Australia, South Africa and the United Kingdom. The Company owns, leases and operates a broad range of facilities including maximum, medium and minimum security facilities, processing centers, as well as community-based reentry facilities and offers an expanded delivery of rehabilitation services under its 'GEO Continuum of Care' platform. The 'GEO Continuum of Care' program integrates enhanced rehabilitative programs, which are evidence-based and include cognitive behavioral treatment and post-release services, and provides academic and vocational classes in life skills and treatment programs while helping individuals reintegrate into their communities. The Company develops new facilities based on contract awards, using its project development expertise and experience to design, construct and finance what it believes are state-of-the-art facilities that maximize security and efficiency. The Company provides innovative compliance technologies, industry-leading monitoring services, and evidence-based supervision and treatment programs for community-based parolees, probationers and pretrial defendants. The Company also provides secure transportation services for individuals as contracted domestically and in the United Kingdom through its joint venture GEO Amey PECS Ltd. (“GEOAmey”). At June 30, 2019, the Company’s worldwide operations include the management and/or ownership of approximately 97,000 beds at 133 facilities, including idle facilities, projects under development and recently awarded contracts, and also include the provision of community supervision services for more than 210,000 individuals, including approximately 100,000 through an array of technology products including radio frequency, GPS, and alcohol monitoring devices. The Company's unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States and the instructions to Form 10-Q and consequently do not include all disclosures required by Form 10-K. The accounting policies followed for quarterly financial reporting are the same as those disclosed in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2019 for the year ended December 31, 2018. The accompanying December 31, 2018 consolidated balance sheet has been derived from those audited financial statements. Additional information may be obtained by referring to the Company’s Form 10-K for the year ended December 31, 2018. Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported financial position, results of operations or cash flows. In the opinion of management, all adjustments (consisting only of normal recurring items) necessary for a fair presentation of the financial information for the interim periods reported in this Quarterly Report on Form 10-Q have been made. Results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results for the entire year ending December 31, 2019, or for any other future interim or annual periods.

Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

LEASES

On January 1, 2019, the Company adopted Accounting Standard Update ("ASU") No. 2016-02, "Leases" (Topic 842) which requires that entities record lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. The Company implemented the new standard using the transition method that provided for adoption on the adoption date and recognizing a cumulative-effect adjustment to retained earnings, if any, upon adoption. Therefore, the consolidated financial statements for the three and six months ended June 30, 2019 are presented under the new standard, while comparative years presented are not adjusted and continue to be reported in accordance with the Company's historical accounting policy. Refer to Note 15 - Recent Accounting Pronouncements for further information.

The Company has operating and finance leases for facilities, ground leases, office space, computers, copier equipment and transportation vehicles that have remaining lease terms of one year to seventy-seven years, some of which include options to extend the lease for up to ten years. For leases with terms greater than 12 months, the Company records the related asset and obligation at the present value of the lease payments over the term of the lease. Many of GEO's leases include rental escalation clauses, renewal options and/or termination options that are factored into the determination of lease payments when appropriate. Only renewal or termination options that are reasonably certain to be exercised by the Company are included in the lease term which is used in the calculation of lease liabilities and right-of-use assets. GEO does not typically enter into lease agreements that contain a residual guarantee or that provide for variable lease payments.

When available, GEO uses the rate implicit in the lease to discount lease payments to present value, however, most of GEO's lease agreements do not provide a readily determinable implicit rate. Therefore, the Company must estimate its incremental borrowing rate to discount the lease payments based on information available at lease commencement.

Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):



	Classification on the Balance Sheet	June 30, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	132,016
Finance lease assets	Property and Equipment, Net	3,391
Total lease assets		$	135,407

Liabilities
Current
Operating	Operating lease liabilities, current portion	$	32,077
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,550
Noncurrent
Operating	Operating Lease Liabilities	102,844
Finance [1]	Finance Lease Liabilities	3,779
Total lease liabilities		$	140,250

[1] Also refer to Note 11 - Debt.

Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	11,738		$	24,230
Finance lease cost:
Amortization of right-of-use assets	256			512
Interest on lease liabilities	68			181
Total finance lease cost	324			693
Short-term lease cost	1,640			3,555
Total Lease Cost	$	13,702		$	28,478

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,400		$	25,016
Operating cash flows for finance leases	$	68		$	181
Financing activities for finance leases	$	396		$	790
Right-of-use assets obtained in exchange for new operating lease liabilties	$	3,154		$	6,318

Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.4 years
Weighted average discount rate:
Operating leases	4.74		%
Finance leases	8.27		%

Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of June 30, 2019 (in thousands).



	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779

Leases

LEASES

Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):



	Classification on the Balance Sheet	June 30, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	132,016
Finance lease assets	Property and Equipment, Net	3,391
Total lease assets		$	135,407

Liabilities
Current
Operating	Operating lease liabilities, current portion	$	32,077
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,550
Noncurrent
Operating	Operating Lease Liabilities	102,844
Finance [1]	Finance Lease Liabilities	3,779
Total lease liabilities		$	140,250

[1] Also refer to Note 11 - Debt.

Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	11,738		$	24,230
Finance lease cost:
Amortization of right-of-use assets	256			512
Interest on lease liabilities	68			181
Total finance lease cost	324			693
Short-term lease cost	1,640			3,555
Total Lease Cost	$	13,702		$	28,478

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,400		$	25,016
Operating cash flows for finance leases	$	68		$	181
Financing activities for finance leases	$	396		$	790
Right-of-use assets obtained in exchange for new operating lease liabilties	$	3,154		$	6,318

Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.4 years
Weighted average discount rate:
Operating leases	4.74		%
Finance leases	8.27		%

Undiscounted Cash Flows



	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779

Financial Instruments

6 Months Ended

Jun. 30, 2019

Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]

Financial Instruments

FINANCIAL INSTRUMENTS

The following tables provide a summary of the Company’s significant financial assets and liabilities carried at fair value and measured on a recurring basis as of June 30, 2019 and December 31, 2018 (in thousands):



			Fair Value Measurements at June 30, 2019
	Carrying Value at June 30, 2019		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted investment:
Rabbi Trust	$	25,708	$	—	$	25,708	$	—
Fixed income securities	1,881		—		1,881		—



			Fair Value Measurements at December 31, 2018
	Carrying Value at December 31, 2018		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted investments:
Rabbi Trust	$	20,892	$	—	$	20,892	$	—
Fixed income securities	1,801		—		1,801		—
Liabilities:
Interest rate swap derivatives	$	8,638	$	—	$	8,638	$	—

The Company’s Level 2 financial instruments included in the tables above as of June 30, 2019 and December 31, 2018 consist of interest rate swap derivative liabilities held by the Company's Australian subsidiary, the Company's rabbi trust established for GEO employee and employer contributions to The GEO Group, Inc. Non-qualified Deferred Compensation Plan and an investment in Canadian dollar denominated fixed income securities. On May 22, 2019, the Company terminated the interest rate swap derivative liabilities in connection with a debt refinancing transaction by our Australian subsidiary. Refer to Note 10 - Derivative Financial Instruments and Note 11 - Debt for additional information.

The Australian subsidiary’s interest rate swap derivative liabilities were valued using a discounted cash flow model based on projected Australian borrowing rates. The Company's restricted investment in the rabbi trust is invested in Company-owned life insurance policies which are recorded at their cash surrender values. These investments are valued based on the underlying investments held in the policies' separate account. The underlying assets are equity and fixed income pooled funds that are comprised of Level 1 and Level 2 securities. The Canadian dollar denominated securities, not actively traded, are valued using quoted rates for these and similar securities.

During the six months ended June 30, 2019, the Company transferred certain accounts receivable balances that had a carrying value of approximately $3.0 million to an unrelated third party. The transfer was accounted for as a sale and the Company has no continuing involvement with the transferred assets. The Company received cash proceeds in connection with the sale of approximately $3.0 million, and as such, there was no gain or loss in connection with the transaction.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company has recorded goodwill as a result of its various business combinations. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the tangible assets and intangible assets acquired net of liabilities assumed, including noncontrolling interests. Changes in the Company's goodwill balances from January 1, 2019 to June 30, 2019 are as follows (in thousands):



	January 1, 2019		Foreign Currency Translation			June 30, 2019
GEO Secure Services	$	316,366	$	—		$	316,366
GEO Care	459,589		—			459,589
International Services	404		(2		)	402
Total Goodwill	$	776,359	$	(2	)	$	776,357

The Company has also recorded other finite and indefinite-lived intangible assets as a result of its various business combinations. The Company's intangible assets include facility management contracts, covenants not to compete, trade names and technology, as follows (in thousands):



		June 30, 2019							December 31, 2018
	Weighted Average Useful Life (years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Facility management contracts	16.3	$	308,515	$	(137,909	)	$	170,606	$	308,419	$	(127,481	)	$	180,938
Covenants not to compete	1	—		—			—		700		(700		)	—
Technology	7.3	33,700		(28,284		)	5,416		33,700		(27,478		)	6,222
Trade names (Indefinite lived)	Indefinite	45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets		$	387,415	$	(166,193	)	$	221,222	$	388,019	$	(155,659	)	$	232,360

Amortization expense was $11.2 million and $11.7 million for the six months ended June 30, 2019 and 2018, respectively. Amortization expense was primarily related to the GEO Secure Services (formerly known as U.S. Corrections & Detention) and GEO Care segments' amortization of acquired facility management contracts. As of June 30, 2019, the weighted average period before the next contract renewal or extension for the acquired facility management contracts was approximately 1.5 years. Although the facility management contracts acquired have renewal and extension terms in the near term, the Company has historically maintained these relationships beyond the current contractual periods.

Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2019 through 2023 and thereafter is as follows (in thousands):



Fiscal Year	Total Amortization Expense
Remainder of 2019	$	11,171
2020	22,306
2021	19,782
2022	18,273
2023	13,632
Thereafter	90,858
	$	176,022

Fair Value of Assets and Liabilities

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

FAIR VALUE OF ASSETS AND LIABILITIES

The Company’s consolidated balance sheets reflect certain financial assets and liabilities at carrying value. The carrying value of certain debt instruments, if applicable, is net of unamortized discount. The following tables present the carrying values of those financial instruments and the estimated corresponding fair values at June 30, 2019 and December 31, 2018 (in thousands):



			Estimated Fair Value Measurements at June 30, 2019
	Carrying Value as of June 30, 2019		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	21,561	$	21,561	$	21,561	$	—	$	—
Restricted cash and investments	57,993		57,993		57,993		—		—
Liabilities:
Borrowings under senior credit facility	$	1,231,322	$	1,206,589	$	—	$	1,206,589	$	—
5.875% Senior Notes due 2022	250,000		247,275		—		247,275		—
5.125% Senior Notes due 2023	300,000		269,220		—		269,220		—
5.875% Senior Notes due 2024	250,000		221,240		—		221,240		—
6.00% Senior Notes due 2026	350,000		305,620		—		305,620		—
Non-recourse debt	342,233		339,188		—		339,188		—



			Estimated Fair Value Measurements at December 31, 2018
	Carrying Value as of December 31, 2018		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	31,255	$	31,255	$	31,255	$	—	$	—
Restricted cash and investments	53,217		53,217		50,499		2,718		—
Liabilities:
Borrowings under senior credit facility	$	1,273,965	$	1,188,196	$	—	$	1,188,196	$	—
5.875% Senior Notes due 2022	250,000		244,550		—		244,550		—
5.125% Senior Notes due 2023	300,000		271,992		—		271,992		—
5.875% Senior Notes due 2024	250,000		224,590		—		224,590		—
6.00% Senior Notes due 2026	350,000		310,177		—		310,177		—
Non-recourse debt	340,910		348,274		—		348,274		—

The fair values of the Company’s cash and cash equivalents, and restricted cash approximates the carrying values of these assets at June 30, 2019 and December 31, 2018. Restricted cash consists of money market funds, bank deposits, commercial paper and time deposits used for asset replacement funds and other funds contractually required to be maintained at the Company's Australian subsidiary. The fair value of the money market funds and bank deposits is based on quoted market prices (Level 1) and the fair value of commercial paper and time deposits is based on market prices for similar instruments (Level 2).

The fair values of the Company's 5.875% senior unsecured notes due 2022 ("5.875% Senior Notes due 2022"), 5.875% senior unsecured notes due 2024 ("5.875% Senior Notes due 2024"), 6.00% senior unsecured notes due 2026 (“6.00% Senior Notes”), and the 5.125% senior unsecured notes due 2023 ("5.125% Senior Notes"), although not actively traded, are based on published financial data for these instruments. The fair values of the Company's non-recourse debt related to the Washington Economic Development Finance Authority ("WEDFA") and the Company’s Australian subsidiary are estimated based on market prices of similar instruments. The fair value of borrowings under the senior credit facility is based on an estimate of trading value considering the Company’s borrowing rate, the undrawn spread and similar instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Restricted Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2019

Cash and Cash Equivalents [Abstract]

Restricted Cash and Cash Equivalents

RESTRICTED CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash, cash equivalents and restricted cash and cash equivalents reported on the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:



	June 30, 2019			June 30, 2018
Cash and Cash Equivalents	$	21,561		$	65,451
Restricted cash and cash equivalents - current	56,343			58,720
Restricted cash and investments - non-current	27,358			25,297
Less Restricted investments - non-current	(25,708		)	(22,253		)
Total cash, cash equivalents and restricted cash and cash equivalents shown in the statement of cash flows	$	79,554		$	127,215

Amounts included in restricted cash and cash equivalents are attributable to certain contractual cash restriction requirements at the Company's wholly owned Australian subsidiary related to non-recourse debt and asset replacement funds contractually required to be maintained and other guarantees. Restricted investments - non-current (included in Restricted Cash and Investments in the accompanying consolidated balance sheets) consists of the Company's rabbi trust established for employee and employer contributions to The GEO Group, Inc. Non-qualified Deferred Compensation Plan and is not considered to be a restricted cash equivalent. Refer to Note 4 - Financial Instruments.

Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

The following table presents the changes in shareholders’ equity that are attributable to the Company’s shareholders and to noncontrolling interests for the three and six months ended June 30, 2019 and 2018 (in thousands):



	Common shares					Additional Paid-In			Distributions in Excess of			Accumulated Other Comprehensive			Treasury shares				Noncontrolling			Total Shareholders'
	Shares		Amount			Capital			Earnings			Loss			Shares	Amount			Interests			Equity
Balance, January 1, 2019	120,585		$	1,248		$	1,210,916		$	(52,868	)	$	(23,618	)	4,210	$	(95,175	)	$	(599	)	$	1,039,904
Proceeds from exercise of stock options	22		—			333			—			—			—	—			—			333
Stock-based compensation expense	—		—			6,727			—			—			—	—			—			6,727
Restricted stock granted	778		8			(8		)	—			—				—			—			—
Restricted stock canceled	(6	)	—			—			—			—			—	—			—			—
Dividends paid	—		—			—			(57,945		)	—			—	—			—			(57,945		)
Shares withheld for net settlements of share-based awards [1]	(198	)	(2		)	(4,170		)	—			—			—	—			—			(4,172		)
Issuance of common stock - ESPP	6		—			124			—			—			—	—			—			124
Transition adjustment for accounting standard adoption [2]	—		—			—			(968		)	968			—	—			—			—
Net income (loss)	—		—			—			40,705			—			—	—			(56		)	40,649
Other comprehensive income	—		—			—			—			1,284			—	—			—			1,284
Balance, March 31, 2019	121,187		$	1,254		$	1,213,922		$	(71,076	)	$	(21,366	)	4,210	$	(95,175	)	$	(655	)	$	1,026,904
Proceeds from exercise of stock options	42		—			739			—			—			—	—			—			739
Stock-based compensation expense	—		—			5,453			—			—			—	—			—			5,453
Restricted stock granted	10		—			—			—			—			—	—			—			—
Restricted stock canceled	(32	)	—			—			—			—			—	—			—			—
Dividends paid	—		—			—			(58,177		)	—			—	—			—			(58,177		)
Issuance of common stock - ESPP	6		—			128			—			—			—	—			—			128
Net income (loss)	—		—			—			41,914			—			—	—			(78		)	41,836
Other comprehensive income	—		—			—			—			4,650			—	—			5			4,655
Balance, June 30, 2019	121,213		$	1,254		$	1,220,242		$	(87,339	)	$	(16,716	)	4,210	$	(95,175	)	$	(728	)	$	1,021,538



	Common shares					Additional Paid-In				Earnings in Excess of			Accumulated Other Comprehensive			Treasury shares				Noncontrolling			Total Shareholders'
	Shares		Amount			Capital				Distributions			Loss			Shares	Amount			Interests			Equity
Balance, January 1, 2018	124,008		$	1,240		$	1,190,906			$	31,541		$	(24,446	)	—	—			$	(322	)	$	1,198,919
Proceeds from exercise of stock options	15		1			260			—	—			—			—	—			—			261
Stock-based compensation expense	—		—			5,827			—	—			—			—	—			—			5,827
Restricted stock canceled	(9	)	—			—			—	—			—			—	—			—			—
Dividends paid	—		—			—				(58,319		)	—			—	—			—			(58,319		)
Shares withheld for net settlements of share-based awards [1]	(169	)	(2		)	(4,355		)	—	—			—			—	—			—			(4,357		)
Issuance of common stock - ESPP	8		—			141			—	—			—			—	—			—			141
Repurchases of common stock	(1,848	)	—			—			—	—			—			1,848	(40,182		)	—			(40,182		)
Net income (loss)	—		—			—				34,987			—			—	—			(67		)	34,920
Other comprehensive income	—		—			—				—			1,354			—	—			8			1,362
Balance, March 31, 2018	122,005		$	1,239		$	1,192,779			$	8,209		$	(23,092	)	1,848	$	(40,182	)	$	(381	)	$	1,138,572
Proceeds from exercise of stock options	62		—			1,111				—			—			—	—			—			1,111
Stock-based compensation expense	—		—			4,960				—			—			—	—			—			4,960
Restricted stock granted	896		9			(9		)		—			—			—	—			—			—
Restricted stock canceled	(19	)	—			—				—			—			—	—			—			—
Dividends paid	—		—			—				(56,698		)	—			—	—			—			(56,698		)
Shares withheld for net settlements of share-based awards [1]	(2	)	—			(34		)		—			—			—	—			—			(34		)
Issuance of common stock - ESPP	4		—			123				—			—			—	—			—			123
Repurchases of common stock	(1,269	)	—			—				—			—			1,269	(30,264		)	—			(30,264		)
Net income (loss)	—		—			—				37,421			—			—	—			(96		)	37,325
Other comprehensive income	—		—			—				—			(2,137		)	—	—			(21		)	(2,158		)
Balance, June 30, 2018	121,677		$	1,248		$	1,198,930			$	(11,068	)	$	(25,229	)	3,117	$	(70,446	)	$	(498	)	$	1,092,937

[1] During the six months ended June 30, 2019 and 2018, the Company withheld shares through net share settlements to satisfy statutory tax withholding requirements upon vesting of shares of restricted stock held by employees.

[2] On January 1, 2019, the Company adopted Accounting Standard Update ("ASU") No. 2018-02 "Income Statement-Reporting Comprehensive Income-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". Refer to Note 15 - Recent Accounting Pronouncements for further information.

REIT Distributions

As a REIT, GEO is required to distribute annually at least 90% of its REIT taxable income (determined without regard to the dividends paid deduction and by excluding net capital gain) and began paying regular quarterly REIT dividends in 2013. The amount, timing and frequency of future dividends, however, will be at the sole discretion of GEO's Board of Directors (the "Board”) and will be declared based upon various factors, many of which are beyond GEO's control, including, GEO's financial condition and operating cash flows, the amount required to maintain REIT status, limitations on distributions in GEO's existing and future debt instruments, limitations on GEO's ability to fund distributions using cash generated through GEO's taxable REIT subsidiaries ("TRSs") and other

factors that GEO's Board may deem relevant.

During the six months ended June 30, 2019 and the year ended December 31, 2018 GEO declared and paid the following regular cash distributions to its shareholders as follows:



Declaration Date	Record Date	Payment Date	Distribution Per Share	Aggregate Payment Amount (in millions)
February 5, 2018	February 16, 2018	February 27, 2018	$0.47	$58.3
April 11, 2018	April 23, 2018	May 3, 2018	$0.47	$57.4
July 10, 2018	July 20, 2018	July 27, 2018	$0.47	$57.2
October 15, 2018	October 26, 2018	November 2, 2018	$0.47	$57.2
February 4, 2019	February 15, 2019	February 22, 2019	$0.48	$57.9
April 3, 2019	April 15, 2019	April 22, 2019	$0.48	$58.2

Stock Buyback Program

On February 14, 2018, the Company announced that its Board authorized a stock buyback program authorizing the Company to repurchase up to a maximum of $200.0 million of its shares of common stock. The stock buyback program will be funded primarily with cash on hand, free cash flow and borrowings under the Company's $900 million revolving credit facility (the "Revolver"). The program is effective through October 20, 2020. The stock buyback program is intended to be implemented through purchases made from time to time in the open market or in privately negotiated transactions, in accordance with applicable Securities and Exchange Commission ("SEC") requirements. The stock buyback program does not obligate the Company to purchase any specific amount of the Company's common stock and may be suspended or extended at any time at the discretion of the Company's Board. There were no repurchases of shares of the Company's common stock during the six months ended June 30, 2019. The Company believes it has the ability to continue to fund the stock buyback program, its debt service requirements and its maintenance and growth capital expenditure requirements, while maintaining sufficient liquidity for other corporate purposes.

Prospectus Supplement

On October 20, 2017, the Company filed with the SEC an automatic shelf registration on Form S-3. Under this shelf registration, the Company may, from time to time, sell any combination of securities described in the prospectus in one or more offerings. Each time that the Company may sell securities, the Company will provide a prospectus supplement that will contain specific information about the terms of that offering and the securities being offered. On November 9, 2017, in connection with the shelf registration, the Company filed with the SEC a prospectus supplement related to the offer and sale from time to time of the Company’s common stock at an aggregate offering price of up to $150 million through sales agents. Sales of shares of the Company’s common stock under the prospectus supplement and the equity distribution agreements entered into with the sales agents, if any, may be made in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933. There were no shares of common stock sold under this prospectus supplement during the six months ended June 30, 2019.

Comprehensive Income (Loss)

Comprehensive income (loss) represents the change in shareholders' equity from transactions and other events and circumstances arising from non-shareholder sources. The Company's total comprehensive income (loss) is comprised of net income attributable to GEO, net income attributable to noncontrolling interests, foreign currency translation adjustments that arise from consolidating foreign operations that do not impact cash flows, net unrealized gains and/or losses on derivative instruments, and pension liability adjustments within shareholders' equity and comprehensive income (loss).

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



	Six Months Ended June 30, 2019
	(In thousands)
	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. (1)			Change in fair value of derivatives, net of tax (2)			Pension adjustments, net of tax			Total
Balance, January 1, 2019	$	(14,573	)	$	(5,746	)	$	(3,299	)	$	(23,618	)
Current-period other comprehensive income (loss) before reclassifications	1,761			1,895			(605		)	3,051
Amounts reclassified from other comprehensive income into earnings	—			3,851			—			3,851
Net current-period other comprehensive income (loss)	1,761			5,746			(605		)	6,902
Balance, June 30, 2019	$	(12,812	)	$	—		$	(3,904	)	$	(16,716	)

(1) The foreign currency translation related to noncontrolling interests was not significant at June 30, 2019 or December 31, 2018.

(2) On May 22, 2019, the Company refinanced the debt associated with its Ravenhall project and terminated the associated interest rate swap derivatives which resulted in the reclassification of $3.9 million into losses that were previously reported in accumulated other comprehensive income (loss). Refer to Note 11 - Debt for additional information.



	Six Months Ended June 30, 2018
	(In thousands)
	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. (1)		Change in fair value of derivatives, net of tax		Pension adjustments, net of tax		Total
Balance, January 1, 2018	(7,470	)	(11,892	)	(5,084	)	(24,446	)
Current-period other comprehensive (loss) income	(4,527	)	3,014		730		(783	)
Balance, June 30, 2018	(11,997	)	(8,878	)	(4,354	)	(25,229	)

(1) The foreign currency translation related to noncontrolling interests was not significant at June 30, 2018 or December 31, 2017.

Equity Incentive Plans

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Equity Incentive Plans

EQUITY INCENTIVE PLANS

The Board adopted The GEO Group, Inc. 2018 Stock Incentive Plan (the "2018 Plan"), which was approved by the Company's shareholders on April 24, 2018. The 2018 Plan replaced the 2014 Stock Incentive Plan (the "2014 Plan"). As of the date the 2018 Plan was adopted, it provided for a reserve of 4,600,000 shares of common stock that may be issued pursuant to awards granted under the 2018 Plan. The Company filed a Form S-8 registration statement related to the 2018 Plan on May 11, 2018.

Stock Options

The Company uses a Black-Scholes option valuation model to estimate the fair value of each time-based or performance-based option awarded. For options granted during the six months ended June 30, 2019, the fair value was estimated using the following assumptions: (i) volatility of 40.69%; (ii) expected term of 5.0 years; (iii) risk free interest rate of 2.44%; and (iv) expected dividend yield of 8.47%. A summary of the activity of stock option awards issued and outstanding under Company plans was as follows for the six months ended June 30, 2019:



	Shares		Wtd. Avg. Exercise Price		Wtd. Avg. Remaining Contractual Term (years)	Aggregate Intrinsic Value
	(in thousands)					(in thousands)
Options outstanding at January 1, 2019	1,462		$	24.30	7.20	$	924
Options granted	391		22.68
Options exercised	(64	)	16.93
Options forfeited/canceled/expired	(117	)	24.68
Options outstanding at June 30, 2019	1,672		$	24.19	7.40	$	1,122
Options vested and expected to vest at June 30, 2019	1,569		$	24.25	7.29	$	—
Options exercisable at June 30, 2019	842		$	24.67	5.99	$	1,036

On March 1, 2019, the Company granted approximately 391,000 options to certain employees which had a per share grant date fair value of $3.96. For the six months ended June 30, 2019 and June 30, 2018, the amount of stock-based compensation expense related to stock options was $0.5 million and $0.4 million, respectively. As of June 30, 2019, the Company had $2.5 million of unrecognized compensation costs related to non-vested stock option awards that are expected to be recognized over a weighted average period of 2.9 years.

Restricted Stock

Compensation expense for nonvested stock awards is recorded over the vesting period based on the fair value at the date of grant. Generally, the restricted stock awards vest in equal increments over either a three or four-year period. The fair value of restricted stock awards, which do not contain a market-based vesting condition, is determined using the closing price of the Company's common stock on the date of grant. The Company has historically issued share-based awards with service-based, performance-based and market-based vesting criteria.

A summary of the activity of restricted stock outstanding is as follows for the six months ended June 30, 2019:



	Shares		Wtd. Avg. Grant Date Fair Value
	(in thousands)
Restricted stock outstanding at January 1, 2019	2,018		$	27.62
Granted	788		23.79
Vested	(698	)	24.08
Forfeited/canceled	(38	)	24.01
Restricted stock outstanding at June 30, 2019	2,070		$	27.29

During the six months ended June 30, 2019, the Company granted approximately 788,000 shares of restricted stock to certain employees and executive officers. Of these awards, 250,000 are market and performance-based awards which will be forfeited if the Company does not achieve certain annual metrics during 2019, 2020 and 2021.

The vesting of these performance-based restricted stock grants are subject to the achievement by GEO of two annual performance metrics as follows: (i) up to 50% of the shares of restricted stock ("TSR Target Award") can vest at the end of a three year performance period if GEO meets certain total shareholder return ("TSR") performance targets, as compared to the total shareholder return of a peer group of companies, over a three year period from January 1, 2019 to December 31, 2021 and (ii) up to 50% of the shares of restricted stock ("ROCE Target Award") can vest at the end of a three year period if GEO meets certain return on capital employed ("ROCE") performance targets over a three year period from January 1, 2019 to December 31, 2021. These market and performance awards can vest at between 0% and 200% of the target awards for both metrics. The number of shares shown for the performance-based awards is based on the target awards for both metrics.

The metric related to ROCE is considered to be a performance condition. For share-based awards that contain a performance condition, the achievement of the targets must be probable before any share-based compensation expense is recorded. The Company reviews the likelihood of which the target in the range will be achieved and if deemed probable, compensation

expense is recorded at that time. If subsequent to initial measurement there is a change in the estimate of the probability of meeting the performance condition, the effect of the change in the estimated quantity of awards expected to vest is recognized by cumulatively adjusting compensation expense. If ultimately the performance targets are not met, for any awards where vesting was previously deemed probable, previously recognized compensation expense will be reversed in the period in which vesting is no longer deemed probable. The fair value of these awards was determined based on the closing price of the Company's common stock on the date of grant.

The metric related to TSR is considered to be a market condition. For share-based awards that contain a market condition, the probability of satisfying the market condition must be considered in the estimate of grant-date fair value and previously recorded compensation expense is not reversed if the market condition is never met. The fair value of these awards was determined based on a Monte Carlo simulation, which calculates a range of possible outcomes and the probabilities that they will occur, using the following key assumptions: (i) volatility of 43.7%; (ii) beta of 1.0; and (iii) risk free rate of 2.53%.

For the six months ended June 30, 2019 and June 30, 2018, the Company recognized $11.6 million and $10.4 million, respectively, of compensation expense related to its restricted stock awards. As of June 30, 2019, the Company had $35.8 million of unrecognized compensation costs related to non-vested restricted stock awards, including non-vested restricted stock awards with performance-based and market-based vesting, that are expected to be recognized over a weighted average period of 2.4 years.

Employee Stock Purchase Plan

The Company previously adopted The GEO Group Inc. 2011 Employee Stock Purchase Plan (the “Plan or "ESPP”) which was approved by the Company's shareholders. The purpose of the Plan, which is qualified under Section 423 of the Internal Revenue Service Code of 1986, as amended, is to encourage stock ownership through payroll deductions by the employees of GEO and designated subsidiaries of GEO in order to increase their identification with the Company’s goals and secure a proprietary interest in the Company’s success. These deductions are used to purchase shares of the Company’s common stock at a 5% discount from the then current market price. The Company has made available up to 750,000 shares of its common stock, which were registered with the SEC on May 4, 2012, as amended on July 18, 2014, for sale to eligible employees under the Plan.

The Plan is considered to be non-compensatory. As such, there is no compensation expense required to be recognized. Share purchases under the Plan are made on the last day of each month. During the six months ended June 30, 2019, 12,374 shares of the Company's common stock were issued in connection with the Plan.

Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share of common stock is computed by dividing the net income attributable to The GEO Group, Inc. by the weighted average number of outstanding shares of common stock. The calculation of diluted earnings per share is similar to that of basic earnings per share except that the denominator includes dilutive common stock equivalents such as stock options and shares of restricted stock. Basic and diluted earnings per share were calculated for the three and six months ended June 30, 2019 and 2018 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Net income	$	41,836	$	37,325	$	82,485	$	72,245
Net loss attributable to noncontrolling interests	78		96		134		163
Net income attributable to The GEO Group, Inc.	41,914		37,421		82,619		72,408
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Dilutive effect of equity incentive plans	376		385		545		444
Weighted average shares assuming dilution	119,544		120,659		119,517		121,461
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60

Three Months

For the three months ended June 30, 2019, 1,399,742 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 775,827 common stock equivalents from restricted shares that were anti-dilutive.

For the three months ended June 30, 2018, 969,655 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 709,153 common stock equivalents from restricted shares that were anti-dilutive.

Six Months

For the six months ended June 30, 2019, 1,297,624 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 694,029 common stock equivalents from restricted shares that were anti-dilutive.

For the six months ended June 30, 2018, 821,206 weighted average shares of common stock underlying options were excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 719,184 common stock equivalents from restricted shares that were anti-dilutive.

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS The Company’s primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in interest rates. The Company measures its derivative financial instruments at fair value. Australia - Ravenhall The Company’s Australian subsidiary had entered into interest rate swap agreements to fix the interest rate on its variable rate non-recourse debt related to a project in Ravenhall, a locality near Melbourne, Australia to 4.2%. The Company had determined that the swaps had payment, expiration dates, and provisions that coincided with the terms of the non-recourse debt and were therefore considered to be effective cash flow hedges. Accordingly, the Company recorded the change in the fair value of the interest rate swaps in accumulated other comprehensive income, net of applicable income taxes. On May 22, 2019, the Company refinanced the associated debt and terminated the swap agreements which resulted in the reclassification of $3.9 million into losses that were previously reported in accumulated other comprehensive income. Refer to Note 11 - Debt for additional information. The Company no longer has any derivative financial instruments.

Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

DEBT

Debt outstanding as of June 30, 2019 and December 31, 2018 consisted of the following (in thousands):



	June 30, 2019			December 31, 2018
Senior Credit Facility:
Term loan	$	782,000		$	786,000
Unamortized discount on term loan	(2,582		)	(2,878		)
Unamortized debt issuance costs on term loan	(6,124		)	(6,826		)
Revolver	451,904			490,843
Total Senior Credit Facility	1,225,198			1,267,139
6.00% Senior Notes:
Notes Due in 2026	350,000			350,000
Unamortized debt issuance costs	(4,558		)	(4,820		)
Total 6.00% Senior Notes Due in 2026	345,442			345,180
5.875% Senior Notes:
Notes Due in 2024	250,000			250,000
Unamortized debt issuance costs	(2,757		)	(2,971		)
Total 5.875% Senior Notes Due in 2024	247,243			247,029
5.125% Senior Notes:
Notes Due in 2023	300,000			300,000
Unamortized debt issuance costs	(3,219		)	(3,548		)
Total 5.125% Senior Notes Due in 2023	296,781			296,452
5.875% Senior Notes:
Notes Due in 2022	250,000			250,000
Unamortized debt issuance costs	(2,137		)	(2,514		)
Total 5.875% Senior Notes Due in 2022	247,863			247,486
Non-Recourse Debt	342,353			341,074
Unamortized debt issuance costs on non-recourse debt	(5,612		)	(3,883		)
Unamortized discount on non-recourse debt	(120		)	(164		)
Total Non-Recourse Debt	336,621			337,027
Finance Lease Liabilities	5,329			6,059
Other debt	—			2,469
Total debt	2,704,477			2,748,841
Current portion of finance lease liabilities, long-term debt and non-recourse debt	(25,866		)	(332,027		)
Finance Lease Liabilities, long-term portion	(3,779		)	(4,570		)
Non-Recourse Debt, long-term portion	(320,306		)	(15,017		)
Long-Term Debt	$	2,354,526		$	2,397,227

Amended Credit Agreement

On June 12, 2019, GEO entered into Amendment No. 2 to Third Amended and Restated Credit Agreement (the "Credit Agreement") by and among the refinancing lenders party thereto, the other lenders party thereto, GEO and GEO Corrections Holdings, Inc. and the administrative agent. Under the amendment, the maturity date of the revolver component of the Credit Agreement has been extended to May 17, 2024. The borrowing capacity under the amended revolver will remain at $900.0 million, and its pricing will remain unchanged currently bearing interest at LIBOR plus 2.25%. As a result of the transaction, the Company incurred a loss on extinguishment of debt of $1.2 million related to certain unamortized deferred loan costs. Additionally, loan costs of $4.7 million were incurred and capitalized in connection with the transaction.

The Credit Agreement evidences a credit facility (the "Credit Facility") consisting of a $792.0 million term loan bearing interest at LIBOR plus 2.00% (with a LIBOR floor of 0.75%), and a $900.0 million revolver initially bearing interest at LIBOR plus 2.25% (with no LIBOR floor) together with AUD275 million available solely for the issuance of financial letters of credit and performance letters of credit, in each case denominated in Australian Dollars under the Australian Dollar Letter of Credit Facility (the "Australian LC Facility"). As of June 30, 2019, there were no letters of credit issued under the Australian LC Facility. Amounts to be borrowed by GEO under the Credit Agreement are subject to the satisfaction of customary conditions to borrowing. The term loan component is scheduled to mature on March 23, 2024. The revolving credit commitment component is scheduled to mature on May 17, 2024. The Credit Agreement also has an accordion feature of $450.0 million, subject to lender demand and prevailing market conditions and satisfying the relevant borrowing conditions.

The Credit Agreement contains certain customary representations and warranties, and certain customary covenants that restrict GEO’s ability to, among other things (i) create, incur or assume any indebtedness, (ii) create, incur, assume or permit liens, (iii) make loans and investments, (iv) engage in mergers, acquisitions and asset sales, (v) make certain restricted payments, (vi) issue, sell or otherwise dispose of capital stock, (vii) engage in transactions with affiliates, (viii) allow the total leverage ratio to exceed 6.25 to 1.00, allow the senior secured leverage ratio to exceed 3.50 to 1.00, or allow the interest coverage ratio to be less than 3.00 to 1.00, (ix) cancel, forgive, make any voluntary or optional payment or prepayment on, or redeem or acquire for value any senior notes, except as permitted, (x) alter the business GEO conducts, and (xi) materially impair GEO’s lenders’ security interests in the collateral for its loans.

Events of default under the Credit Agreement include, but are not limited to, (i) GEO’s failure to pay principal or interest when due, (ii) GEO’s material breach of any representation or warranty, (iii) covenant defaults, (iv) liquidation, reorganization or other relief relating to bankruptcy or insolvency, (v) cross default under certain other material indebtedness, (vi) unsatisfied final judgments over a specified threshold, (vii) certain material environmental liability claims asserted against GEO, and (viii) a change in control.

All of the obligations under the Credit Agreement are unconditionally guaranteed by certain domestic subsidiaries of GEO and the Credit Agreement and the related guarantees are secured by a perfected first-priority pledge of substantially all of GEO’s present and future tangible and intangible domestic assets and all present and future tangible and intangible domestic assets of each guarantor, including but not limited to a first-priority pledge of all of the outstanding capital stock owned by GEO and each guarantor in their domestic subsidiaries.

GEO Australasia Holdings Pty Ltd, GEO Australasia Finance Holdings Pty Ltd as trustee for the GEO Australasia Finance Holding Trust, and together with GEO Australasia Holdings, collectively ("the Australian Borrowers") are wholly owned foreign subsidiaries of GEO. GEO has designated each of the Australian Borrowers as restricted subsidiaries under the Credit Agreement. However, the Australian Borrowers are not obligated to pay or perform any obligations under the Credit Agreement other than their own obligations as Australian Borrowers under the Credit Agreement. The Australian Borrowers do not pledge any of their assets to secure any obligations under the Credit Agreement.

On August 18, 2016, the Company executed a Letter of Offer providing for a bank guarantee line and bank guarantee/standby sub-facility in an aggregate amount of approximately AUD100 million, or $70.0 million, based on exchange rates in effect as of June 30, 2019 (collectively, the “Bank Guarantee Facility”). The Bank Guarantee Facility allows GEO to provide letters of credit to assure performance of certain obligations of its wholly owned subsidiary relating to its correctional facility in Ravenhall, located near Melbourne, Australia. The Bank Guarantee Facility is unsecured. The issuance of letters of credit under the Bank Guarantee Facility is subject to the satisfaction of the conditions precedent specified in the Letter of Offer. Letters of credit issued under the bank guarantee lines are due on demand and letters of credit issued under the bank guarantee/standby sub-facility cannot have a duration exceeding twelve months. The Bank Guarantee Facility may be terminated by the lender on 90 days written notice. As of June 30, 2019, there was AUD100 million in letters of credit issued under the Bank Guarantee Facility.

As of June 30, 2019, the Company had approximately $782 million in aggregate borrowings outstanding under its term loan, approximately $452 million in borrowings under its revolver, and approximately $62 million in letters of credit which left approximately $386 million in additional borrowing capacity under the Revolver. The weighted average interest rate on outstanding borrowings under the Credit Agreement as of June 30, 2019 was 4.5%.

6.00% Senior Notes due 2026

Interest on the 6.00% Senior Notes accrues at the stated rate. The Company pays interest semi-annually in arrears on April 15 and October 15 of each year. On or after April 15, 2019, the Company may, at its option, redeem all or part of the 6.00% Senior Notes at the redemption prices set forth in the indenture governing the 6.00% Senior Notes. The indenture contains certain covenants, including limitations and restrictions on the Company and its subsidiary guarantors. Refer to Note 16- Condensed Consolidating Financial Information.

5.875% Senior Notes due 2024

Interest on the 5.875% Senior Notes due 2024 accrues at the stated rate. The Company pays interest semi-annually in arrears on April 15 and October 15 of each year. On or after October 15, 2019, the Company may, at its option, redeem all or part of the 5.875% Senior Notes due 2024 at the redemption prices set forth in the indenture governing the 5.875% Senior Notes due 2024. The indenture contains certain covenants, including limitations and restrictions on the Company and its subsidiary guarantors. Refer to Note 16- Condensed Consolidating Financial Information.

5.125% Senior Notes due 2023

Interest on the 5.125% Senior Notes accrues at the stated rate. The Company pays interest semi-annually in arrears on April 1 and October 1 of each year. On or after April 1, 2018, the Company may, at its option, redeem all or part of the 5.125% Senior Notes at the redemption prices set forth in the indenture governing the 5.125% Senior Notes. The indenture contains certain covenants, including limitations and restrictions on the Company and its subsidiary guarantors. Refer to Note 16- Condensed Consolidating Financial Information.

5.875% Senior Notes due 2022

Interest on the 5.875% Senior Notes due 2022 accrues at the stated rate. The Company pays interest semi-annually in arrears on January 15 and July 15 of each year. On or after January 15, 2017, the Company may, at its option, redeem all or part of the 5.875% Senior Notes due 2022 at the redemption prices set forth in the indenture governing the5.875%Senior Notes due 2022. The indenture contains certain covenants, including limitations and restrictions on the Company and its subsidiary guarantors. Refer to Note 16- Condensed Consolidating Financial Information.

Non-Recourse Debt

Tacoma Processing Center

The remaining balance of the original debt service requirement under the $54.4 million note payable ("2011 Revenue Bonds") to WEDFA is $22.9 million, of which $7.3 million is classified as current in the accompanying consolidated balance sheet as of June 30, 2019. The payment of principal and interest on the 2011 Revenue Bonds issued by WEDFA is non-recourse to GEO. The 2011 Revenue Bonds will mature in October 2021 with a fixed coupon rate of 5.25%.

As of June 30, 2019, included in current restricted cash and cash equivalents is $8.3 million of funds held in trust for debt service and other reserves with respect to the above mentioned note payable to WEDFA.

Australia - Ravenhall

In connection with a design and build project agreement with the State of Victoria, the Company entered into a syndicated facility agreement (the "Construction Facility") to provide debt financing for construction of the project. The Construction Facility provided for non-recourse funding up to AUD 791.0 million, or approximately $556.0 million, based on exchange rates as of June 30, 2019. The term of the Construction Facility was through September 2019 and bore interest at a variable rate quoted by certain Australian banks plus 200 basis points. On May 22, 2019, the Company completed an offering of AUD 461.6

million, or $324.4 million, based on exchange rates as of June 30, 2019, aggregate principal amount of non-recourse senior secured notes due 2042 ("the Non-Recourse Notes"). The amortizing Non-Recourse Notes were issued by Ravenhall Finance Co Pty Limited in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The Non-Recourse Notes were issued with a coupon and yield to maturity of 4.23% with a maturity date of March 31, 2042. The net proceeds from this offering were used to refinance the outstanding Construction Facility and to pay all related fees, costs and expenses associated with the transaction. As a result of the transaction, the Company incurred a $4.5 million loss on extinguishment of debt related to swap termination fees and unamortized deferred costs associated with the Construction Facility. Additionally, loan costs of approximately $7.5 million were incurred and capitalized in connection with the offering.

Guarantees

Australia

The Company has entered into a guarantee in connection with the operating performance of a facility in Australia. The obligation amounted to approximately AUD 100.0 million, or $70.0 million, based on exchange rates as of June 30, 2019. The guarantee is secured by outstanding letters of credit under the Company's Revolver.

At June 30, 2019, the Company also had eight other letters of credit outstanding under separate international facilities relating to performance guarantees of its Australian subsidiary totaling $10.8 million.

South Africa

In connection with the creation of South African Custodial Services Pty. Limited ("SACS"), the Company had entered into certain guarantees related to the financing, construction and operation of the South African facility. The Company had guaranteed certain obligations of SACS under its debt agreements to SACS' senior lenders through the issuance of letters of credit under the Company's revolver. In July 2018, SACS settled all amounts due under the debt facilities and has therefore discharged the guaranteed obligations, therefore the guarantees related to these obligations were no longer necessary and the letters of credit were not renewed. Additionally, SACS was required to maintain funding in a rectification account maintained for the payment of certain costs in the event of contract termination. SACS has met the required funding obligation and there is no further requirement to maintain the required funding amount.

In addition to the above, the Company had also agreed to provide a loan, if required, of up to 20 million South African Rand, or $1.4 million based on exchange rates as of June 30, 2019, referred to as the shareholder's standby facility, to SACS for the purpose of financing SACS’ obligations under its contract with the South African government. No amounts have been funded under the shareholder's standby facility. The Company’s obligations under the shareholder's standby facility expired upon SACS’ release from its obligations under the common terms agreement. SACS' obligations in terms of the common terms agreements expired in February 2019 with the final payment of the facility management fees when the Company's obligations under the shareholder's standby facility expired.

The Company had also guaranteed certain obligations of SACS to the security trustee for SACS’ lenders. The Company secured its guarantee to the security trustee by ceding its rights to claims against SACS in respect of any loans or other finance agreements, and by pledging the Company’s shares in SACS. The Company’s liability under the guarantee is limited to the cession and pledge of shares. The guarantee expired in February 2019 when of all SACS' obligations in terms of the finance agreements were settled.

Except as discussed above, the Company does not have any off balance sheet arrangements.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation, Claims and Assessments As previously reported and described in the Company's prior periodic reports, including most recently in our Form 10-Q for the quarter ended March 31, 2019, former civil immigration detainees at the Aurora Immigration Processing Center filed a class action lawsuit on October 22, 2014, against the Company in the United States District Court for the District of Colorado (the “Court”). The complaint alleges that the Company was in violation of the Colorado Minimum Wages of Workers Act and the federal Trafficking Victims Protection Act ("TVPA"). The plaintiff class claims that the Company was unjustly enriched because of the level of payment the detainees received for work performed at the facility, even though the voluntary work program as well as the wage rates and standards associated with the program that are at issue in the case are authorized by the Federal government under guidelines approved by the United States Congress. On July 6, 2015, the Court found that detainees were not employees under the Colorado Minimum Wage Order and dismissed this claim. In February 2017, the Court granted the plaintiff-class’ motion for class certification. The plaintiff class seeks actual damages, compensatory damages, exemplary damages, punitive damages, restitution, attorneys’ fees and costs, and such other relief as the Court may deem proper. In the time since the Colorado suit was initially filed, three similar lawsuits have been filed - two in Washington and one in California. In Washington, one of the two lawsuits was filed on September 9, 2017 by immigration detainees against the Company in the U.S. District Court for the Western District of Washington. The second was filed on September 20, 2017 by the State Attorney General against the Company in the Superior Court of the State of Washington for Pierce County, which the Company removed to the U.S. District Court for the Western District of Washington on October 9, 2017. In California, a class-action lawsuit was filed on December 19, 2017 by immigration detainees against the Company in the U.S. District Court Eastern Division of the Central District of California. All three lawsuits allege violations of the respective state’s minimum wage laws. However, the California lawsuit, like the Colorado suit, also includes claims that the Company violated the TVPA and California's equivalent state statute. On July 2, 2019, the Company filed a Motion for Summary Judgment in the Washington Attorney General’s Tacoma lawsuit based on the Company’s position that its legal defenses prevent the case from proceeding to trial. The Company intends to take all necessary steps to vigorously defend itself and has consistently refuted the allegations and claims in these lawsuits. The Company has not recorded an accrual relating to these matters at this time, as a loss is not considered probable nor reasonably estimable at this stage of the lawsuits. We establish accruals for specific legal proceedings when it is considered probable that a loss has been incurred and the amount of the loss can be reasonably estimated. However, the results of these claims or proceedings cannot be predicted with certainty, and an unfavorable resolution of one or more of these claims or proceedings could have a material adverse effect on the Company's financial condition, results of operations or cash flows. Our accruals for loss contingencies are reviewed quarterly and adjusted as additional information becomes available. We do not accrue for anticipated legal fees and costs, but expense those items as incurred. The nature of the Company's business exposes it to various types of third-party legal claims or litigation against the Company, including, but not limited to, civil rights claims relating to conditions of confinement and/or mistreatment, sexual misconduct claims, medical malpractice claims, claims relating to the TVPA, product liability claims, intellectual property infringement claims, claims relating to employment laws (including, but not limited to, employment discrimination claims, union grievances and wage and hour claims), property loss claims, environmental claims, automobile liability claims, indemnification claims by its customers and other third parties, contractual claims and claims for personal injury or other damages resulting from contact with the Company's facilities, programs, electronic monitoring products, personnel, inmates or detainees, including damages arising from an escape or from a disturbance or riot at a facility. Expenses associated with legal proceedings may fluctuate from quarter to quarter based on the level of activity required during the different stages of legal proceedings, new developments that arise in the course of the legal proceedings, and the Company's litigation strategy. The Company does not expect the outcome of any pending claims or legal proceedings to have a material adverse effect on its financial condition, results of operations or cash flows. However, the results of these claims or proceedings cannot be predicted with certainty, and an unfavorable resolution of one or more of these claims or proceedings could have a material adverse effect on the Company's financial condition, results of operations or cash flows. Other Assessment A state non-income tax audit completed in 2016 included tax periods for which the state tax authority had a number of years ago processed a substantial tax refund. At the completion of the audit fieldwork, the Company received a notice of audit findings disallowing deductions that were previously claimed by the Company, approved by the state tax authority and served as the basis for the approved refund claim. In early January 2017, the Company received a formal Notice of Assessment of Taxes and Demand for Payment from the taxing authority disallowing the deductions. The total tax, penalty and interest related to the assessment is approximately $18.6 million. The Company has filed an administrative protest and disagrees with the assessment and intends to take all necessary steps to vigorously defend its position. The Company has established a reserve based on its estimate of the most probable loss based on the facts and circumstances known to date and the advice of outside counsel in connection with this matter. Commitments The Company currently has contractual commitments for a number of projects using Company financing. The Company’s management estimates that the cost of these existing capital projects will be approximately $173 million of which $129 million was spent through the first six months of 2019. The Company estimates the remaining capital requirements related to these capital projects will be $44 million which will be spent through the remainder of 2019. Idle Facilities As of June 30, 2019, the Company was marketing approximately 2,300 vacant beds at three of its idle facilities to potential customers. The carrying values of these idle facilities, which are included in Property and Equipment, Net in the accompanying consolidated balance sheets, totaled $27.5 million as of June 30, 2019, excluding equipment and other assets that can be easily transferred for use at other facilities. There was no indication of impairment related to the Company's idle facilities at June 30, 2019.

Business Segments and Geographic Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Business Segments and Geographic Information

BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION

Operating and Reporting Segments

The Company conducts its business through four reportable business segments: the GEO Secure Services segment (formerly known as U.S. Corrections & Detention); the GEO Care segment; the International Services segment; and the Facility Construction & Design segment. 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, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Revenues:
GEO Secure Services	$	399,475		$	368,989		$	789,985		$	727,670
GEO Care	155,507			149,928			309,350			290,006
International Services	54,388			64,592			118,612			130,750
Facility Construction & Design [1]	4,596			—			6,686			—
Total revenues	$	613,966		$	583,509		$	1,224,633		$	1,148,426
Operating income from segments:
GEO Secure Services	$	83,865		$	77,318		$	160,789		$	146,506
GEO Care	41,661			35,139			80,199			66,831
International Services	2,920			1,942			8,659			7,344
Facility Construction & Design [1]	—			—			—			—
Operating income from segments	$	128,446		$	114,399		$	249,647		$	220,681
General and Administrative Expenses	(47,271		)	(47,448		)	$	(93,695	)	(89,280		)
Total Operating Income	$	81,175		$	66,951		$	155,952		$	131,401

[1] In 2019, Facility Construction & Design revenues related to an expansion project at the Company's managed-only Fulham Correctional Centre in Australia which is expected to be completed in the third quarter of 2020.

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, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Operating income from segments	$	128,446		$	114,399		$	249,647		$	220,681
Unallocated amounts:
General and Administrative Expenses	(47,271		)	(47,448		)	(93,695		)	(89,280		)
Net Interest Expense	(30,887		)	(27,678		)	(62,771		)	(54,448		)
Loss on Extinguishment of Debt	(5,741		)	(574		)	(5,741		)	(574		)
Income before income taxes and equity in earnings of affiliates	$	44,547		$	38,699		$	87,440		$	76,379

Equity in Earnings of Affiliates

Equity in earnings of affiliates includes the Company’s 50% owned joint ventures in SACS, located in South Africa, and GEOAmey, located in the United Kingdom. The Company's investments in these entities are accounted for under the equity method of accounting. The Company’s investments in these entities are presented as a component of Other Non-Current Assets in the accompanying consolidated balance sheets.

The Company has recorded $1.2 million and $2.6 million in earnings, net of tax, for SACS operations during the three and six months ended June 30, 2019, and $2.1 million and $3.7 million in earnings, net of tax, for SACS operations during the three and six months ended June 30, 2018, respectively, which are included in equity in earnings of affiliates, net of income tax provision in the accompanying consolidated statements of operations. As of June 30, 2019 and December 31, 2018, the Company’s investment in SACS was $12.5 million and $13.4 million, respectively, and represents its share of cumulative reported earnings.

The Company has recorded $0.6 million and $1.8 million in earnings, net of tax, for GEO Amey's operations during the three months and six months ended June 30, 2019, and $0.2 million and $0.6 million in earnings, net of tax, for GEO Amey's operations during the three months and six months ended June 30, 2018, respectively, which are included in equity in earnings of affiliates, net of income tax provision in the accompanying consolidated statements of operations. As of June 30, 2019 and December 31, 2018, the Company’s investment in GEOAmey was $6.5 million and $4.8 million, respectively, and represents its share of cumulative reported earnings.

Benefit Plans

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Benefit Plans

BENEFIT PLANS

The following table summarizes key information related to the Company’s pension plans and retirement agreements (in thousands):



	Six Months Ended June 30, 2019			Year Ended December 31, 2018
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	32,474		$	32,820
Service cost	499			1,200
Interest cost	696			1,242
Actuarial loss	—			(2,166		)
Benefits paid	(391		)	(622		)
Projected benefit obligation, end of period	$	33,278		$	32,474
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	391			622
Benefits paid	(391		)	(622		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	33,278		$	32,474



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Components of Net Periodic Benefit Cost
Service cost	$	250	$	300	$	499	$	600
Interest cost	348		310		696		621
Net loss	53		133		105		266
Net periodic pension cost	$	651	$	743	$	1,300	$	1,487

The long-term portion of the pension liability as of June 30, 2019 and December 31, 2018 was $33.0 million and $32.1 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS The Company implemented the following accounting standards during the six months ended June 30, 2019: In June 2018, the FASB issued ASU No. 2018-07, "Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting" as a part of its Simplification Initiative. The amendments in this update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the period of time over which share-based payment awards vest and the pattern of cost recognition over that period. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor's own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606,"Revenue from Contracts with Customers." The new standard became effective for the Company beginning January 1, 2019. The adoption of this standard did not have a material impact on the Company's financial position, results of operations or cash flows. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement-Reporting Comprehensive Income-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". The amendments in this update allow an entity to elect to reclassify the income tax effects resulting from the Tax Cuts and Jobs Act on items within accumulated other comprehensive income ("AOCI") to retained earnings. The new standard is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption was permitted. The Company adopted the new standard effective January 1, 2019 and has made a policy election to reclassify the income tax effects resulting from the Tax Cuts and Jobs Act on items within AOCI to distributions in excess of earnings on a prospective basis. As a result, the Company reclassified $0.7 million for the tax effect of the tax rate reduction related to its pension liability and $1.7 million for the tax effect of other income tax effects of tax reform on items remaining in AOCI related to currency translation adjustments to distributions in excess of earnings on January 1, 2019. The net effect of both adjustments resulted in an aggregate increase to distributions in excess of earnings of approximately $1.0 million. Refer to Note 7 - Shareholders' Equity. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities." The objective of this guidance is to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. Certain of the amendments in this update as they relate to cash flow hedges, eliminate the requirement to separately record hedge ineffectiveness currently in earnings. Instead, the entire change in the fair value of the hedging instrument is recorded in other comprehensive income. Those amounts are reclassified to earnings in the same income statement line item that is used to present the earnings effect of the hedged item when the hedged item affects earnings. The new standard became effective for the Company beginning January 1, 2019. The adoption of this standard did not have a material impact on the Company's financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, "Leases," which requires entities to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. For finance leases and operating leases, a lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term with each initially measured at the present value of the lease payments. The amendments in ASU 2016-02 became effective for the Company on January 1, 2019. The Company elected the package of transition expedients available for expired or existing lease contracts, which allowed it to carry forward its historical assessments of (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company also elected not to apply the recognition requirements to lease arrangements that have terms of twelve months or less. The adoption had a material impact in the Company's consolidated balance sheets, but did not have an impact on its consolidated statements of operations or cash flows. The most significant impact was the recognition of right-of-use assets and lease liabilities for operating leases, while our accounting for finance leases remained substantially unchanged. The new standard resulted in the recording of operating right-of-use lease assets and operating lease liabilities of approximately $140 million and $147 million, respectively, as of January 1, 2019. Refer to Note 2 - Leases for further discussion and additional required disclosures. The following accounting standards will be adopted in future periods: In August 2018, the FASB issued ASU No. 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Topic 715.20)" as a part of its disclosure framework project. The amendments in this update remove, modify and add certain disclosures primarily related to amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year, explanations for reasons for significant gains and losses related to changes in the benefit obligation for the period, and projected and accumulated benefit obligations. The new standard is effective for the Company beginning January 1, 2021. The adoption of this standard is not expected to have a material impact on the Company's financial position, results of operations or cash flows. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820)" as a part of its disclosure framework project. The amendments in this update remove, modify and add certain disclosures primarily related to transfers between Level 1 and Level 2 of the fair value hierarchy, various disclosures related to Level 3 fair value measurements and investments in certain entities that calculate net asset value. The new standard is effective for the Company beginning January 1, 2020. The adoption of this standard is not expected to have a material impact on the Company's financial position, results of operations or cash flows. In June 2016, the FASB issued ASC No. 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments". The purpose of Update No. 2016-13 is to replace the current incurred loss impairment methodology for financial assets measured at amortized cost with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information, including forecasted information, to develop credit loss estimates. Update No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted for annual periods beginning after December 15, 2018. The Company is in the process of determining the effect that the adoption will have on its financial position and results of operations. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not, or are not expected to, have a material effect on the Company's results of operations or financial position.

Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Financial Information

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

As of June 30, 2019, the Company's 6.00% Senior Notes, 5.125% Senior Notes, the 5.875% Senior Notes due 2022 and the 5.875% Senior Notes due 2024 were fully and unconditionally guaranteed on a joint and several senior unsecured basis by the Company and certain of its wholly-owned domestic subsidiaries (the “Subsidiary Guarantors”). The following condensed consolidating financial information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:


(i)	The GEO Group, Inc., as the issuer of the notes;


(ii)	The Subsidiary Guarantors, on a combined basis, which are 100% owned by The GEO Group, Inc., and which are guarantors of the notes;


(iii)	The Company’s other subsidiaries, on a combined basis, which are not guarantors of the notes (the “Non-Guarantor Subsidiaries”);


(iv)	Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between or among the Company, the Subsidiary Guarantors and the Subsidiary Non-Guarantors and (b) eliminate the investments in the Company’s subsidiaries; and

(v)

The Company and its subsidiaries on a consolidated basis.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Three Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	233,539		$	498,406		$	61,639		$	(179,618	)	$	613,966
Operating expenses	189,310			392,023			51,453			(179,618		)	453,168
Depreciation and amortization	7,299			24,208			845			—			32,352
General and administrative expenses	17,813			24,752			4,706			—			47,271
Operating income	19,117			57,423			4,635			—			81,175
Interest income	3,497			2,180			7,716			(5,348		)	8,045
Interest expense	(23,127		)	(14,703		)	(6,450		)	5,348			(38,932		)
Loss on extinguishment of debt	(486		)	(790		)	(4,465		)	—			(5,741		)
Income (loss) before income taxes and equity in earnings of affiliates	(999		)	44,110			1,436			—			44,547
Income tax provision	239			3,550			743			—			4,532
Equity in earnings of affiliates, net of income tax provision	—			—			1,821			—			1,821
Income before equity in income of consolidated subsidiaries	(1,238		)	40,560			2,514			—			41,836
Income from consolidated subsidiaries, net of income tax provision	43,074			—			—			(43,074		)	—
Net income	41,836			40,560			2,514			(43,074		)	41,836
Net loss attributable to noncontrolling interests	—			—			78			—			78
Net income attributable to The GEO Group, Inc.	$	41,836		$	40,560		$	2,592		$	(43,074	)	$	41,914

Net income	$	41,836		$	40,560		$	2,514		$	(43,074	)	$	41,836
Other comprehensive income, net of tax	—			42			4,612			—			4,654
Total comprehensive income	$	41,836		$	40,602		$	7,126		$	(43,074	)	$	46,490
Comprehensive loss attributable to noncontrolling interests	—			—			73			—			73
Comprehensive income attributable to The GEO Group, Inc.	$	41,836		$	40,602		$	7,199		$	(43,074	)	$	46,563

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Three Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	202,186		$	474,966		$	67,256		$	(160,899	)	$	583,509
Operating expenses	161,122			381,040			56,534			(160,899		)	437,797
Depreciation and amortization	6,564			23,695			1,054			—			31,313
General and administrative expenses	16,281			25,738			5,429			—			47,448
Operating income	18,219			44,493			4,239			—			66,951
Interest income	3,406			1,447			8,908			(5,094		)	8,667
Interest expense	(19,073		)	(13,959		)	(8,407		)	5,094			(36,345		)
Loss on extinguishment of debt	(574		)	—			—			—			(574		)
Income before income taxes and equity in earnings of affiliates	1,978			31,981			4,740			—			38,699
Income tax provision	716			1,442			1,557			—			3,715
Equity in earnings of affiliates, net of income tax provision	—			—			2,341			—			2,341
Income before equity in income of consolidated subsidiaries	1,262			30,539			5,524			—			37,325
Income from consolidated subsidiaries, net of income tax provision	36,063			—			—			(36,063		)	—
Net income	37,325			30,539			5,524			(36,063		)	37,325
Net loss attributable to noncontrolling interests	—			—			96			—			96
Net income attributable to The GEO Group, Inc.	$	37,325		$	30,539		$	5,620		$	(36,063	)	$	37,421

Net income	$	37,325		$	30,539		$	5,524		$	(36,063	)	$	37,325
Other comprehensive income (loss), net of tax	—			625			(2,783		)	—			(2,158		)
Total comprehensive income	$	37,325		$	31,164		$	2,741		$	(36,063	)	$	35,167
Comprehensive loss attributable to noncontrolling interests	—			—			117			—			117
Comprehensive income attributable to The GEO Group, Inc.	$	37,325		$	31,164		$	2,858		$	(36,063	)	$	35,284

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	461,921		$	993,296		$	130,607		$	(361,191	)	$	1,224,633
Operating expenses	360,826			804,477			106,053			(361,191		)	910,165
Depreciation and amortization	14,718			48,392			1,711			—			64,821
General and administrative expenses	35,013			48,781			9,901			—			93,695
Operating income	51,364			91,646			12,942			—			155,952
Interest income	6,975			3,515			15,915			(9,964		)	16,441
Interest expense	(46,423		)	(28,551		)	(14,202		)	9,964			(79,212		)
Loss on extinguishment of debt	(486		)	(790		)	(4,465		)	—			(5,741		)
Income before income taxes and equity in earnings of affiliates	11,430			65,820			10,190			—			87,440
Income tax provision	528			5,929			2,915			—			9,372
Equity in earnings of affiliates, net of income tax provision	—			—			4,417			—			4,417
Income before equity in income of consolidated subsidiaries	10,902			59,891			11,692			—			82,485
Income from consolidated subsidiaries, net of income tax provision	71,583			—			—			(71,583		)	—
Net income	82,485			59,891			11,692			(71,583		)	82,485
Net loss attributable to noncontrolling interests	—			—			134			—			134
Net income attributable to The GEO Group, Inc.	$	82,485		$	59,891		$	11,826		$	(71,583	)	$	82,619

Net income	$	82,485		$	59,891		$	11,692		$	(71,583	)	$	82,485
Other comprehensive income (loss), net of tax	—			(605		)	7,507			—			6,902
Total comprehensive income	$	82,485		$	59,286		$	19,199		$	(71,583	)	$	89,387
Comprehensive loss attributable to noncontrolling interests	—			—			129			—			129
Comprehensive income attributable to The GEO Group, Inc.	$	82,485		$	59,286		$	19,328		$	(71,583	)	$	89,516

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	397,816		$	933,694		$	136,062		$	(319,146	)	$	1,148,426
Operating expenses	312,944			759,006			111,702			(319,146		)	864,506
Depreciation and amortization	13,024			48,138			2,077			—			63,239
General and administrative expenses	30,622			48,185			10,473			—			89,280
Operating income	41,226			78,365			11,810			—			131,401
Interest income	7,583			2,864			18,292			(10,973		)	17,766
Interest expense	(37,695		)	(28,419		)	(17,073		)	10,973			(72,214		)
Loss on extinguishment of debt	(574		)	—			—			—			(574		)
Income before income taxes and equity in earnings of affiliates	10,540			52,810			13,029			—			76,379
Income tax provision	893			3,742			3,835			—			8,470
Equity in earnings of affiliates, net of income tax provision	—			—			4,336			—			4,336
Income before equity in income of consolidated subsidiaries	9,647			49,068			13,530			—			72,245
Income from consolidated subsidiaries, net of income tax provision	62,598			—			—			(62,598		)	—
Net income	72,245			49,068			13,530			(62,598		)	72,245
Net loss attributable to noncontrolling interests	—			—			163			—			163
Net income attributable to The GEO Group, Inc.	$	72,245		$	49,068		$	13,693		$	(62,598	)	$	72,408

Net income	$	72,245		$	49,068		$	13,530		$	(62,598	)	$	72,245
Other comprehensive income (loss), net of tax	—			730			(1,526		)	—			(796		)
Total comprehensive income	$	72,245		$	49,798		$	12,004		$	(62,598	)	$	71,449
Comprehensive loss attributable to noncontrolling interests	—			—			176			—			176
Comprehensive income attributable to The GEO Group, Inc.	$	72,245		$	49,798		$	12,180		$	(62,598	)	$	71,625

CONDENSED CONSOLIDATING BALANCE SHEET

(dollars in thousands)

(unaudited)



	As of June 30, 2019
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated

ASSETS
Cash and cash equivalents	$	4,716	$	—	$	16,845		$	—		$	21,561
Restricted cash and cash equivalents	851		—		55,492			—			56,343
Accounts receivable, less allowance for doubtful accounts	163,184		186,592		41,825			3,119			394,720
Contract receivable, current portion	—		—		13,944			—			13,944
Prepaid expenses and other current assets	1,019		37,478		9,768			(1,949		)	46,316
Total current assets	169,770		224,070		137,874			1,170			532,884
Restricted Cash and Investments	—		25,708		1,650			—			27,358
Property and Equipment, Net	841,260		1,222,261		84,704			—			2,148,225
Assets Held for Sale	705		3,902		—			—			4,607
Contract Receivable	—		—		365,208			—			365,208
Operating Lease Right-of-Use Assets, Net	24,754		106,526		736			—			132,016
Intercompany Receivable	965,511		238,050		25,732			(1,229,293		)	—
Deferred Income Tax Assets	798		27,928		1,198			—			29,924
Goodwill	—		775,954		403			—			776,357
Intangible Assets, Net	—		220,670		552			—			221,222
Investment in Subsidiaries	1,479,372		573,816		2,189			(2,055,377		)	—
Other Non-Current Assets	11,361		116,819		20,424			(78,267		)	70,337
Total Assets	$	3,493,531	$	3,535,704	$	640,670		$	(3,361,767	)	$	4,308,138

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	18,083	$	67,982	$	5,192		$	—		$	91,257
Accrued payroll and related taxes	—		53,505		17,864			—			71,369
Accrued expenses and other current liabilities	28,829		132,868		27,639			(253		)	189,083
Operating lease liabilities, current portion	5,108		26,622		347			—			32,077
Current portion of finance lease liabilities, long-term debt and non-recourse debt	8,000		1,550		16,316			—			25,866
Total current liabilities	60,020		282,527		67,358			(253		)	409,652
Deferred Income Tax Liabilities	—		—		13,681			—			13,681
Intercompany Payable	106,062		1,086,737		35,070			(1,227,869		)	—
Other Non-Current Liabilities	2,362		153,949		3,768			(78,267		)	81,812
Operating lease Liabilities	20,199		82,256		389			—			102,844
Finance Lease Liabilities	—		3,779		—			—			3,779
Long-Term Debt	2,282,622		—		71,904			—			2,354,526
Non-Recourse Debt	—		—		320,306			—			320,306
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,022,266		1,926,456		128,922			(2,055,378		)	1,022,266
Noncontrolling Interests	—		—		(728		)	—			(728		)
Total Shareholders’ Equity	1,022,266		1,926,456		128,194			(2,055,378		)	1,021,538
Total Liabilities and Shareholders' Equity	$	3,493,531	$	3,535,704	$	640,670		$	(3,361,767	)	$	4,308,138

CONDENSED CONSOLIDATING BALANCE SHEET

(dollars in thousands)



	As of December 31, 2018
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated

ASSETS
Cash and cash equivalents	$	4,468	$	7,873	$	18,914		$	—		$	31,255
Restricted cash and cash equivalents	2,854		—		48,824			—			51,678
Accounts receivable, less allowance for doubtful accounts	190,594		221,957		44,377			(11,402		)	445,526
Contract receivable, current portion	—		—		15,535			—			15,535
Prepaid expenses and other current assets	2,011		50,482		7,114			(1,839		)	57,768
Total current assets	199,927		280,312		134,764			(13,241		)	601,762
Restricted Cash and Investments	—		21,009		1,422			—			22,431
Property and Equipment, Net	845,291		1,227,223		86,096			—			2,158,610
Assets Held for Sale	705		1,929		—			—			2,634
Contract Receivable	—		—		368,178						368,178
Intercompany Receivable	990,365		150,710		22,407			(1,163,482		)	—
Deferred Income Tax Assets	798		27,928		1,198			—			29,924
Goodwill	—		775,955		404			—			776,359
Intangible Assets, Net	—		231,787		573			—			232,360
Investment in Subsidiaries	1,503,841		458,229		2,190			(1,964,260		)	—
Other Non-Current Assets	9,541		115,695		19,334			(78,710		)	65,860
Total Assets	$	3,550,468	$	3,290,777	$	636,566		$	(3,219,693	)	$	4,258,118

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	13,566	$	72,128	$	7,338		$	—		$	93,032
Accrued payroll and related taxes	—		56,543		19,466			—			76,009
Accrued expenses and other current liabilities	23,565		168,231		25,615			(13,241		)	204,170
Current portion of finance lease liabilities, long-term debt and non-recourse debt	8,000		2,017		322,010			—			332,027
Total current liabilities	45,131		298,919		374,429			(13,241		)	705,238
Deferred Income Tax Liabilities	—		—		13,681			—			13,681
Intercompany Payable	142,055		989,856		31,571			(1,163,482		)	—
Other Non-Current Liabilities	1,395		152,815		6,981			(78,710		)	82,481
Finance Lease Liabilities	—		4,570		—			—			4,570
Long-Term Debt	2,321,384		—		75,843			—			2,397,227
Non-Recourse Debt	—		—		15,017			—			15,017
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,040,503		1,844,617		119,643			(1,964,260		)	1,040,503
Noncontrolling Interests	—		—		(599		)	—			(599		)
Total Shareholders’ Equity	1,040,503		1,844,617		119,044			(1,964,260		)	1,039,904
Total Liabilities and Shareholders' Equity	$	3,550,468	$	3,290,777	$	636,566		$	(3,219,693	)	$	4,258,118

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	130,455		$	31,924		$	54,688		$	217,067
Cash Flow from Investing Activities:
Insurance proceeds - damaged property	—			10,761			—			10,761
Proceeds from sale of property and equipment	—			112			192			304
Change in restricted investments	—			(4,816		)	—			(4,816		)
Capital expenditures	(12,002		)	(42,804		)	(604		)	(55,410		)
Net cash used in investing activities	(12,002		)	(36,747		)	(412		)	(49,161		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	170,000			—			—			170,000
Payments on long-term debt	(213,926		)	—			—			(213,926		)
Payments on non-recourse debt	—			—			(326,942		)	(326,942		)
Proceeds from non-recourse debt	—			—			326,127			326,127
Taxes paid related to net share settlements of equity awards	(4,177		)	—			—			(4,177		)
Proceeds from issuance of common stock in connection with ESPP	252			—			—			252
Debt issuance costs	(4,656		)	—			(5,281		)	(9,937		)
Proceeds from stock options exercised	1,077			—			—			1,077
Dividends paid	(116,122		)	—			—			(116,122		)
Net cash used in financing activities	(167,552		)	—			(6,096		)	(173,648		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	—			—			824			824
Net (Decrease) Increase in Cash. Cash Equivalents and Restricted Cash and Cash Equivalents	(49,099		)	(4,823		)	49,004			(4,918		)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	54,666			4,823			24,983			84,472
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	$	5,567		$	—		$	73,987		$	79,554

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	118,354		$	37,087		$	24,812		$	180,253
Cash Flow from Investing Activities:
Proceeds from sale of property and equipment	—			—			1,717			1,717
Proceeds from sale of assets held for sale	—			3,797						3,797
Insurance proceeds - damaged property	—			4,036			—			4,036
Change in restricted investments	—			(1,490		)	—			(1,490		)
Capital expenditures	(68,607		)	(36,998		)	(1,459		)	(107,064		)
Net cash used in investing activities	(68,607		)	(30,655		)	258			(99,004		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	245,000			—			—			245,000
Payments on long-term debt	(134,000		)	—			—			(134,000		)
Payments on non-recourse debt	—			—			(7,490		)	(7,490		)
Taxes paid related to net share settlements of equity awards	(4,391		)	—			—			(4,391		)
Proceeds from issuance of common stock in connection with ESPP	264			—			—			264
Debt issuance costs	(990		)	—			—			(990		)
Proceeds from stock options exercised	1,372			—			—			1,372
Payments for repurchases of common stock	(70,446		)	—			—			(70,446		)
Dividends paid	(115,017		)	—			—			(115,017		)
Net cash used in financing activities	(78,208		)	—			(7,490		)	(85,698		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	—			—			(1,881		)	(1,881		)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(28,461		)	6,432			15,699			(6,330		)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	54,666			4,952			73,927			133,545
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	$	26,205		$	11,384		$	89,626		$	127,215

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Dividend On July 9, 2019, the Board of Directors declared a quarterly cash dividend of $0.48 per share of common stock which was paid on July 26, 2019 to shareholders of record as of the close of business on July 19, 2019.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS The Company implemented the following accounting standards during the six months ended June 30, 2019: In June 2018, the FASB issued ASU No. 2018-07, "Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting" as a part of its Simplification Initiative. The amendments in this update expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. An entity should apply the requirements of Topic 718 to nonemployee awards except for specific guidance on inputs to an option pricing model and the period of time over which share-based payment awards vest and the pattern of cost recognition over that period. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor's own operations by issuing share-based payment awards. The amendments also clarify that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606,"Revenue from Contracts with Customers." The new standard became effective for the Company beginning January 1, 2019. The adoption of this standard did not have a material impact on the Company's financial position, results of operations or cash flows. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement-Reporting Comprehensive Income-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". The amendments in this update allow an entity to elect to reclassify the income tax effects resulting from the Tax Cuts and Jobs Act on items within accumulated other comprehensive income ("AOCI") to retained earnings. The new standard is effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption was permitted. The Company adopted the new standard effective January 1, 2019 and has made a policy election to reclassify the income tax effects resulting from the Tax Cuts and Jobs Act on items within AOCI to distributions in excess of earnings on a prospective basis. As a result, the Company reclassified $0.7 million for the tax effect of the tax rate reduction related to its pension liability and $1.7 million for the tax effect of other income tax effects of tax reform on items remaining in AOCI related to currency translation adjustments to distributions in excess of earnings on January 1, 2019. The net effect of both adjustments resulted in an aggregate increase to distributions in excess of earnings of approximately $1.0 million. Refer to Note 7 - Shareholders' Equity. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities." The objective of this guidance is to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. Certain of the amendments in this update as they relate to cash flow hedges, eliminate the requirement to separately record hedge ineffectiveness currently in earnings. Instead, the entire change in the fair value of the hedging instrument is recorded in other comprehensive income. Those amounts are reclassified to earnings in the same income statement line item that is used to present the earnings effect of the hedged item when the hedged item affects earnings. The new standard became effective for the Company beginning January 1, 2019. The adoption of this standard did not have a material impact on the Company's financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, "Leases," which requires entities to recognize lease assets and lease liabilities on the balance sheet and to disclose key information about leasing arrangements. For finance leases and operating leases, a lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term with each initially measured at the present value of the lease payments. The amendments in ASU 2016-02 became effective for the Company on January 1, 2019. The Company elected the package of transition expedients available for expired or existing lease contracts, which allowed it to carry forward its historical assessments of (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company also elected not to apply the recognition requirements to lease arrangements that have terms of twelve months or less. The adoption had a material impact in the Company's consolidated balance sheets, but did not have an impact on its consolidated statements of operations or cash flows. The most significant impact was the recognition of right-of-use assets and lease liabilities for operating leases, while our accounting for finance leases remained substantially unchanged. The new standard resulted in the recording of operating right-of-use lease assets and operating lease liabilities of approximately $140 million and $147 million, respectively, as of January 1, 2019. Refer to Note 2 - Leases for further discussion and additional required disclosures. The following accounting standards will be adopted in future periods: In August 2018, the FASB issued ASU No. 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Topic 715.20)" as a part of its disclosure framework project. The amendments in this update remove, modify and add certain disclosures primarily related to amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year, explanations for reasons for significant gains and losses related to changes in the benefit obligation for the period, and projected and accumulated benefit obligations. The new standard is effective for the Company beginning January 1, 2021. The adoption of this standard is not expected to have a material impact on the Company's financial position, results of operations or cash flows. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820)" as a part of its disclosure framework project. The amendments in this update remove, modify and add certain disclosures primarily related to transfers between Level 1 and Level 2 of the fair value hierarchy, various disclosures related to Level 3 fair value measurements and investments in certain entities that calculate net asset value. The new standard is effective for the Company beginning January 1, 2020. The adoption of this standard is not expected to have a material impact on the Company's financial position, results of operations or cash flows. In June 2016, the FASB issued ASC No. 2016-13, "Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments". The purpose of Update No. 2016-13 is to replace the current incurred loss impairment methodology for financial assets measured at amortized cost with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information, including forecasted information, to develop credit loss estimates. Update No. 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those annual periods. Early adoption is permitted for annual periods beginning after December 15, 2018. The Company is in the process of determining the effect that the adoption will have on its financial position and results of operations. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants and the SEC did not, or are not expected to, have a material effect on the Company's results of operations or financial position.

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Related Assets and Liabilities

Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):



	Classification on the Balance Sheet	June 30, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	132,016
Finance lease assets	Property and Equipment, Net	3,391
Total lease assets		$	135,407

Liabilities
Current
Operating	Operating lease liabilities, current portion	$	32,077
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,550
Noncurrent
Operating	Operating Lease Liabilities	102,844
Finance [1]	Finance Lease Liabilities	3,779
Total lease liabilities		$	140,250

[1] Also refer to Note 11 - Debt.

Lease Cost Information

Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	11,738		$	24,230
Finance lease cost:
Amortization of right-of-use assets	256			512
Interest on lease liabilities	68			181
Total finance lease cost	324			693
Short-term lease cost	1,640			3,555
Total Lease Cost	$	13,702		$	28,478

Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,400		$	25,016
Operating cash flows for finance leases	$	68		$	181
Financing activities for finance leases	$	396		$	790
Right-of-use assets obtained in exchange for new operating lease liabilties	$	3,154		$	6,318

Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.4 years
Weighted average discount rate:
Operating leases	4.74		%
Finance leases	8.27		%

Operating Lease Liability Maturity



	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779

Finance Lease Liability Maturity



	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]

Fair value assets and liabilities measured on recurring basis



			Fair Value Measurements at June 30, 2019
	Carrying Value at June 30, 2019		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted investment:
Rabbi Trust	$	25,708	$	—	$	25,708	$	—
Fixed income securities	1,881		—		1,881		—



			Fair Value Measurements at December 31, 2018
	Carrying Value at December 31, 2018		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Restricted investments:
Rabbi Trust	$	20,892	$	—	$	20,892	$	—
Fixed income securities	1,801		—		1,801		—
Liabilities:
Interest rate swap derivatives	$	8,638	$	—	$	8,638	$	—

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

Changes in the Company's goodwill balances from January 1, 2019 to June 30, 2019 are as follows (in thousands):



	January 1, 2019		Foreign Currency Translation			June 30, 2019
GEO Secure Services	$	316,366	$	—		$	316,366
GEO Care	459,589		—			459,589
International Services	404		(2		)	402
Total Goodwill	$	776,359	$	(2	)	$	776,357

Schedule of intangible assets

The Company's intangible assets include facility management contracts, covenants not to compete, trade names and technology, as follows (in thousands):



		June 30, 2019							December 31, 2018
	Weighted Average Useful Life (years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Facility management contracts	16.3	$	308,515	$	(137,909	)	$	170,606	$	308,419	$	(127,481	)	$	180,938
Covenants not to compete	1	—		—			—		700		(700		)	—
Technology	7.3	33,700		(28,284		)	5,416		33,700		(27,478		)	6,222
Trade names (Indefinite lived)	Indefinite	45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets		$	387,415	$	(166,193	)	$	221,222	$	388,019	$	(155,659	)	$	232,360

Estimated amortization expense for the remainder

Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2019 through 2023 and thereafter is as follows (in thousands):



Fiscal Year	Total Amortization Expense
Remainder of 2019	$	11,171
2020	22,306
2021	19,782
2022	18,273
2023	13,632
Thereafter	90,858
	$	176,022

Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Carrying value and estimated fair value of financial instruments

The following tables present the carrying values of those financial instruments and the estimated corresponding fair values at June 30, 2019 and December 31, 2018 (in thousands):



			Estimated Fair Value Measurements at June 30, 2019
	Carrying Value as of June 30, 2019		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	21,561	$	21,561	$	21,561	$	—	$	—
Restricted cash and investments	57,993		57,993		57,993		—		—
Liabilities:
Borrowings under senior credit facility	$	1,231,322	$	1,206,589	$	—	$	1,206,589	$	—
5.875% Senior Notes due 2022	250,000		247,275		—		247,275		—
5.125% Senior Notes due 2023	300,000		269,220		—		269,220		—
5.875% Senior Notes due 2024	250,000		221,240		—		221,240		—
6.00% Senior Notes due 2026	350,000		305,620		—		305,620		—
Non-recourse debt	342,233		339,188		—		339,188		—



			Estimated Fair Value Measurements at December 31, 2018
	Carrying Value as of December 31, 2018		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	31,255	$	31,255	$	31,255	$	—	$	—
Restricted cash and investments	53,217		53,217		50,499		2,718		—
Liabilities:
Borrowings under senior credit facility	$	1,273,965	$	1,188,196	$	—	$	1,188,196	$	—
5.875% Senior Notes due 2022	250,000		244,550		—		244,550		—
5.125% Senior Notes due 2023	300,000		271,992		—		271,992		—
5.875% Senior Notes due 2024	250,000		224,590		—		224,590		—
6.00% Senior Notes due 2026	350,000		310,177		—		310,177		—
Non-recourse debt	340,910		348,274		—		348,274		—

Restricted Cash and Cash Equivalents (Tables)

6 Months Ended

Jun. 30, 2019

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents



	June 30, 2019			June 30, 2018
Cash and Cash Equivalents	$	21,561		$	65,451
Restricted cash and cash equivalents - current	56,343			58,720
Restricted cash and investments - non-current	27,358			25,297
Less Restricted investments - non-current	(25,708		)	(22,253		)
Total cash, cash equivalents and restricted cash and cash equivalents shown in the statement of cash flows	$	79,554		$	127,215

Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Changes in shareholders' equity that are attributable to the Company's shareholders and to noncontrolling interests



	Common shares					Additional Paid-In			Distributions in Excess of			Accumulated Other Comprehensive			Treasury shares				Noncontrolling			Total Shareholders'
	Shares		Amount			Capital			Earnings			Loss			Shares	Amount			Interests			Equity
Balance, January 1, 2019	120,585		$	1,248		$	1,210,916		$	(52,868	)	$	(23,618	)	4,210	$	(95,175	)	$	(599	)	$	1,039,904
Proceeds from exercise of stock options	22		—			333			—			—			—	—			—			333
Stock-based compensation expense	—		—			6,727			—			—			—	—			—			6,727
Restricted stock granted	778		8			(8		)	—			—				—			—			—
Restricted stock canceled	(6	)	—			—			—			—			—	—			—			—
Dividends paid	—		—			—			(57,945		)	—			—	—			—			(57,945		)
Shares withheld for net settlements of share-based awards [1]	(198	)	(2		)	(4,170		)	—			—			—	—			—			(4,172		)
Issuance of common stock - ESPP	6		—			124			—			—			—	—			—			124
Transition adjustment for accounting standard adoption [2]	—		—			—			(968		)	968			—	—			—			—
Net income (loss)	—		—			—			40,705			—			—	—			(56		)	40,649
Other comprehensive income	—		—			—			—			1,284			—	—			—			1,284
Balance, March 31, 2019	121,187		$	1,254		$	1,213,922		$	(71,076	)	$	(21,366	)	4,210	$	(95,175	)	$	(655	)	$	1,026,904
Proceeds from exercise of stock options	42		—			739			—			—			—	—			—			739
Stock-based compensation expense	—		—			5,453			—			—			—	—			—			5,453
Restricted stock granted	10		—			—			—			—			—	—			—			—
Restricted stock canceled	(32	)	—			—			—			—			—	—			—			—
Dividends paid	—		—			—			(58,177		)	—			—	—			—			(58,177		)
Issuance of common stock - ESPP	6		—			128			—			—			—	—			—			128
Net income (loss)	—		—			—			41,914			—			—	—			(78		)	41,836
Other comprehensive income	—		—			—			—			4,650			—	—			5			4,655
Balance, June 30, 2019	121,213		$	1,254		$	1,220,242		$	(87,339	)	$	(16,716	)	4,210	$	(95,175	)	$	(728	)	$	1,021,538



	Common shares					Additional Paid-In				Earnings in Excess of			Accumulated Other Comprehensive			Treasury shares				Noncontrolling			Total Shareholders'
	Shares		Amount			Capital				Distributions			Loss			Shares	Amount			Interests			Equity
Balance, January 1, 2018	124,008		$	1,240		$	1,190,906			$	31,541		$	(24,446	)	—	—			$	(322	)	$	1,198,919
Proceeds from exercise of stock options	15		1			260			—	—			—			—	—			—			261
Stock-based compensation expense	—		—			5,827			—	—			—			—	—			—			5,827
Restricted stock canceled	(9	)	—			—			—	—			—			—	—			—			—
Dividends paid	—		—			—				(58,319		)	—			—	—			—			(58,319		)
Shares withheld for net settlements of share-based awards [1]	(169	)	(2		)	(4,355		)	—	—			—			—	—			—			(4,357		)
Issuance of common stock - ESPP	8		—			141			—	—			—			—	—			—			141
Repurchases of common stock	(1,848	)	—			—			—	—			—			1,848	(40,182		)	—			(40,182		)
Net income (loss)	—		—			—				34,987			—			—	—			(67		)	34,920
Other comprehensive income	—		—			—				—			1,354			—	—			8			1,362
Balance, March 31, 2018	122,005		$	1,239		$	1,192,779			$	8,209		$	(23,092	)	1,848	$	(40,182	)	$	(381	)	$	1,138,572
Proceeds from exercise of stock options	62		—			1,111				—			—			—	—			—			1,111
Stock-based compensation expense	—		—			4,960				—			—			—	—			—			4,960
Restricted stock granted	896		9			(9		)		—			—			—	—			—			—
Restricted stock canceled	(19	)	—			—				—			—			—	—			—			—
Dividends paid	—		—			—				(56,698		)	—			—	—			—			(56,698		)
Shares withheld for net settlements of share-based awards [1]	(2	)	—			(34		)		—			—			—	—			—			(34		)
Issuance of common stock - ESPP	4		—			123				—			—			—	—			—			123
Repurchases of common stock	(1,269	)	—			—				—			—			1,269	(30,264		)	—			(30,264		)
Net income (loss)	—		—			—				37,421			—			—	—			(96		)	37,325
Other comprehensive income	—		—			—				—			(2,137		)	—	—			(21		)	(2,158		)
Balance, June 30, 2018	121,677		$	1,248		$	1,198,930			$	(11,068	)	$	(25,229	)	3,117	$	(70,446	)	$	(498	)	$	1,092,937

Dividends declared

During the six months ended June 30, 2019 and the year ended December 31, 2018 GEO declared and paid the following regular cash distributions to its shareholders as follows:



Declaration Date	Record Date	Payment Date	Distribution Per Share	Aggregate Payment Amount (in millions)
February 5, 2018	February 16, 2018	February 27, 2018	$0.47	$58.3
April 11, 2018	April 23, 2018	May 3, 2018	$0.47	$57.4
July 10, 2018	July 20, 2018	July 27, 2018	$0.47	$57.2
October 15, 2018	October 26, 2018	November 2, 2018	$0.47	$57.2
February 4, 2019	February 15, 2019	February 22, 2019	$0.48	$57.9
April 3, 2019	April 15, 2019	April 22, 2019	$0.48	$58.2

Schedule of accumulated other comprehensive income (loss)

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



	Six Months Ended June 30, 2019
	(In thousands)
	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. (1)			Change in fair value of derivatives, net of tax (2)			Pension adjustments, net of tax			Total
Balance, January 1, 2019	$	(14,573	)	$	(5,746	)	$	(3,299	)	$	(23,618	)
Current-period other comprehensive income (loss) before reclassifications	1,761			1,895			(605		)	3,051
Amounts reclassified from other comprehensive income into earnings	—			3,851			—			3,851
Net current-period other comprehensive income (loss)	1,761			5,746			(605		)	6,902
Balance, June 30, 2019	$	(12,812	)	$	—		$	(3,904	)	$	(16,716	)

(1) The foreign currency translation related to noncontrolling interests was not significant at June 30, 2019 or December 31, 2018.



	Six Months Ended June 30, 2018
	(In thousands)
	Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc. (1)		Change in fair value of derivatives, net of tax		Pension adjustments, net of tax		Total
Balance, January 1, 2018	(7,470	)	(11,892	)	(5,084	)	(24,446	)
Current-period other comprehensive (loss) income	(4,527	)	3,014		730		(783	)
Balance, June 30, 2018	(11,997	)	(8,878	)	(4,354	)	(25,229	)

(1) The foreign currency translation related to noncontrolling interests was not significant at June 30, 2018 or December 31, 2017.

Equity Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Summary of the activity of stock option awards

A summary of the activity of stock option awards issued and outstanding under Company plans was as follows for the six months ended June 30, 2019:



	Shares		Wtd. Avg. Exercise Price		Wtd. Avg. Remaining Contractual Term (years)	Aggregate Intrinsic Value
	(in thousands)					(in thousands)
Options outstanding at January 1, 2019	1,462		$	24.30	7.20	$	924
Options granted	391		22.68
Options exercised	(64	)	16.93
Options forfeited/canceled/expired	(117	)	24.68
Options outstanding at June 30, 2019	1,672		$	24.19	7.40	$	1,122
Options vested and expected to vest at June 30, 2019	1,569		$	24.25	7.29	$	—
Options exercisable at June 30, 2019	842		$	24.67	5.99	$	1,036

Summary of the activity of restricted stock

A summary of the activity of restricted stock outstanding is as follows for the six months ended June 30, 2019:



	Shares		Wtd. Avg. Grant Date Fair Value
	(in thousands)
Restricted stock outstanding at January 1, 2019	2,018		$	27.62
Granted	788		23.79
Vested	(698	)	24.08
Forfeited/canceled	(38	)	24.01
Restricted stock outstanding at June 30, 2019	2,070		$	27.29

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Basic and diluted earnings per share

Basic and diluted earnings per share were calculated for the three and six months ended June 30, 2019 and 2018 as follows (in thousands, except per share data):



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Net income	$	41,836	$	37,325	$	82,485	$	72,245
Net loss attributable to noncontrolling interests	78		96		134		163
Net income attributable to The GEO Group, Inc.	41,914		37,421		82,619		72,408
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding	119,168		120,274		118,972		121,017
Dilutive effect of equity incentive plans	376		385		545		444
Weighted average shares assuming dilution	119,544		120,659		119,517		121,461
Per share amount	$	0.35	$	0.31	$	0.69	$	0.60

Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Summary of Debt

Debt outstanding as of June 30, 2019 and December 31, 2018 consisted of the following (in thousands):



	June 30, 2019			December 31, 2018
Senior Credit Facility:
Term loan	$	782,000		$	786,000
Unamortized discount on term loan	(2,582		)	(2,878		)
Unamortized debt issuance costs on term loan	(6,124		)	(6,826		)
Revolver	451,904			490,843
Total Senior Credit Facility	1,225,198			1,267,139
6.00% Senior Notes:
Notes Due in 2026	350,000			350,000
Unamortized debt issuance costs	(4,558		)	(4,820		)
Total 6.00% Senior Notes Due in 2026	345,442			345,180
5.875% Senior Notes:
Notes Due in 2024	250,000			250,000
Unamortized debt issuance costs	(2,757		)	(2,971		)
Total 5.875% Senior Notes Due in 2024	247,243			247,029
5.125% Senior Notes:
Notes Due in 2023	300,000			300,000
Unamortized debt issuance costs	(3,219		)	(3,548		)
Total 5.125% Senior Notes Due in 2023	296,781			296,452
5.875% Senior Notes:
Notes Due in 2022	250,000			250,000
Unamortized debt issuance costs	(2,137		)	(2,514		)
Total 5.875% Senior Notes Due in 2022	247,863			247,486
Non-Recourse Debt	342,353			341,074
Unamortized debt issuance costs on non-recourse debt	(5,612		)	(3,883		)
Unamortized discount on non-recourse debt	(120		)	(164		)
Total Non-Recourse Debt	336,621			337,027
Finance Lease Liabilities	5,329			6,059
Other debt	—			2,469
Total debt	2,704,477			2,748,841
Current portion of finance lease liabilities, long-term debt and non-recourse debt	(25,866		)	(332,027		)
Finance Lease Liabilities, long-term portion	(3,779		)	(4,570		)
Non-Recourse Debt, long-term portion	(320,306		)	(15,017		)
Long-Term Debt	$	2,354,526		$	2,397,227

Business Segments and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

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, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Revenues:
GEO Secure Services	$	399,475		$	368,989		$	789,985		$	727,670
GEO Care	155,507			149,928			309,350			290,006
International Services	54,388			64,592			118,612			130,750
Facility Construction & Design [1]	4,596			—			6,686			—
Total revenues	$	613,966		$	583,509		$	1,224,633		$	1,148,426
Operating income from segments:
GEO Secure Services	$	83,865		$	77,318		$	160,789		$	146,506
GEO Care	41,661			35,139			80,199			66,831
International Services	2,920			1,942			8,659			7,344
Facility Construction & Design [1]	—			—			—			—
Operating income from segments	$	128,446		$	114,399		$	249,647		$	220,681
General and Administrative Expenses	(47,271		)	(47,448		)	$	(93,695	)	(89,280		)
Total Operating Income	$	81,175		$	66,951		$	155,952		$	131,401

Pre-Tax Income Reconciliation of Segments



	Three Months Ended						Six Months Ended
	June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Operating income from segments	$	128,446		$	114,399		$	249,647		$	220,681
Unallocated amounts:
General and Administrative Expenses	(47,271		)	(47,448		)	(93,695		)	(89,280		)
Net Interest Expense	(30,887		)	(27,678		)	(62,771		)	(54,448		)
Loss on Extinguishment of Debt	(5,741		)	(574		)	(5,741		)	(574		)
Income before income taxes and equity in earnings of affiliates	$	44,547		$	38,699		$	87,440		$	76,379

Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Components of Company Plan Benefit Expense

The following table summarizes key information related to the Company’s pension plans and retirement agreements (in thousands):



	Six Months Ended June 30, 2019			Year Ended December 31, 2018
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	32,474		$	32,820
Service cost	499			1,200
Interest cost	696			1,242
Actuarial loss	—			(2,166		)
Benefits paid	(391		)	(622		)
Projected benefit obligation, end of period	$	33,278		$	32,474
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	391			622
Benefits paid	(391		)	(622		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	33,278		$	32,474

Components of Net Periodic Benefit Cost



	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Components of Net Periodic Benefit Cost
Service cost	$	250	$	300	$	499	$	600
Interest cost	348		310		696		621
Net loss	53		133		105		266
Net periodic pension cost	$	651	$	743	$	1,300	$	1,487

Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Three Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	233,539		$	498,406		$	61,639		$	(179,618	)	$	613,966
Operating expenses	189,310			392,023			51,453			(179,618		)	453,168
Depreciation and amortization	7,299			24,208			845			—			32,352
General and administrative expenses	17,813			24,752			4,706			—			47,271
Operating income	19,117			57,423			4,635			—			81,175
Interest income	3,497			2,180			7,716			(5,348		)	8,045
Interest expense	(23,127		)	(14,703		)	(6,450		)	5,348			(38,932		)
Loss on extinguishment of debt	(486		)	(790		)	(4,465		)	—			(5,741		)
Income (loss) before income taxes and equity in earnings of affiliates	(999		)	44,110			1,436			—			44,547
Income tax provision	239			3,550			743			—			4,532
Equity in earnings of affiliates, net of income tax provision	—			—			1,821			—			1,821
Income before equity in income of consolidated subsidiaries	(1,238		)	40,560			2,514			—			41,836
Income from consolidated subsidiaries, net of income tax provision	43,074			—			—			(43,074		)	—
Net income	41,836			40,560			2,514			(43,074		)	41,836
Net loss attributable to noncontrolling interests	—			—			78			—			78
Net income attributable to The GEO Group, Inc.	$	41,836		$	40,560		$	2,592		$	(43,074	)	$	41,914

Net income	$	41,836		$	40,560		$	2,514		$	(43,074	)	$	41,836
Other comprehensive income, net of tax	—			42			4,612			—			4,654
Total comprehensive income	$	41,836		$	40,602		$	7,126		$	(43,074	)	$	46,490
Comprehensive loss attributable to noncontrolling interests	—			—			73			—			73
Comprehensive income attributable to The GEO Group, Inc.	$	41,836		$	40,602		$	7,199		$	(43,074	)	$	46,563

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Three Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	202,186		$	474,966		$	67,256		$	(160,899	)	$	583,509
Operating expenses	161,122			381,040			56,534			(160,899		)	437,797
Depreciation and amortization	6,564			23,695			1,054			—			31,313
General and administrative expenses	16,281			25,738			5,429			—			47,448
Operating income	18,219			44,493			4,239			—			66,951
Interest income	3,406			1,447			8,908			(5,094		)	8,667
Interest expense	(19,073		)	(13,959		)	(8,407		)	5,094			(36,345		)
Loss on extinguishment of debt	(574		)	—			—			—			(574		)
Income before income taxes and equity in earnings of affiliates	1,978			31,981			4,740			—			38,699
Income tax provision	716			1,442			1,557			—			3,715
Equity in earnings of affiliates, net of income tax provision	—			—			2,341			—			2,341
Income before equity in income of consolidated subsidiaries	1,262			30,539			5,524			—			37,325
Income from consolidated subsidiaries, net of income tax provision	36,063			—			—			(36,063		)	—
Net income	37,325			30,539			5,524			(36,063		)	37,325
Net loss attributable to noncontrolling interests	—			—			96			—			96
Net income attributable to The GEO Group, Inc.	$	37,325		$	30,539		$	5,620		$	(36,063	)	$	37,421

Net income	$	37,325		$	30,539		$	5,524		$	(36,063	)	$	37,325
Other comprehensive income (loss), net of tax	—			625			(2,783		)	—			(2,158		)
Total comprehensive income	$	37,325		$	31,164		$	2,741		$	(36,063	)	$	35,167
Comprehensive loss attributable to noncontrolling interests	—			—			117			—			117
Comprehensive income attributable to The GEO Group, Inc.	$	37,325		$	31,164		$	2,858		$	(36,063	)	$	35,284

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	461,921		$	993,296		$	130,607		$	(361,191	)	$	1,224,633
Operating expenses	360,826			804,477			106,053			(361,191		)	910,165
Depreciation and amortization	14,718			48,392			1,711			—			64,821
General and administrative expenses	35,013			48,781			9,901			—			93,695
Operating income	51,364			91,646			12,942			—			155,952
Interest income	6,975			3,515			15,915			(9,964		)	16,441
Interest expense	(46,423		)	(28,551		)	(14,202		)	9,964			(79,212		)
Loss on extinguishment of debt	(486		)	(790		)	(4,465		)	—			(5,741		)
Income before income taxes and equity in earnings of affiliates	11,430			65,820			10,190			—			87,440
Income tax provision	528			5,929			2,915			—			9,372
Equity in earnings of affiliates, net of income tax provision	—			—			4,417			—			4,417
Income before equity in income of consolidated subsidiaries	10,902			59,891			11,692			—			82,485
Income from consolidated subsidiaries, net of income tax provision	71,583			—			—			(71,583		)	—
Net income	82,485			59,891			11,692			(71,583		)	82,485
Net loss attributable to noncontrolling interests	—			—			134			—			134
Net income attributable to The GEO Group, Inc.	$	82,485		$	59,891		$	11,826		$	(71,583	)	$	82,619

Net income	$	82,485		$	59,891		$	11,692		$	(71,583	)	$	82,485
Other comprehensive income (loss), net of tax	—			(605		)	7,507			—			6,902
Total comprehensive income	$	82,485		$	59,286		$	19,199		$	(71,583	)	$	89,387
Comprehensive loss attributable to noncontrolling interests	—			—			129			—			129
Comprehensive income attributable to The GEO Group, Inc.	$	82,485		$	59,286		$	19,328		$	(71,583	)	$	89,516

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	397,816		$	933,694		$	136,062		$	(319,146	)	$	1,148,426
Operating expenses	312,944			759,006			111,702			(319,146		)	864,506
Depreciation and amortization	13,024			48,138			2,077			—			63,239
General and administrative expenses	30,622			48,185			10,473			—			89,280
Operating income	41,226			78,365			11,810			—			131,401
Interest income	7,583			2,864			18,292			(10,973		)	17,766
Interest expense	(37,695		)	(28,419		)	(17,073		)	10,973			(72,214		)
Loss on extinguishment of debt	(574		)	—			—			—			(574		)
Income before income taxes and equity in earnings of affiliates	10,540			52,810			13,029			—			76,379
Income tax provision	893			3,742			3,835			—			8,470
Equity in earnings of affiliates, net of income tax provision	—			—			4,336			—			4,336
Income before equity in income of consolidated subsidiaries	9,647			49,068			13,530			—			72,245
Income from consolidated subsidiaries, net of income tax provision	62,598			—			—			(62,598		)	—
Net income	72,245			49,068			13,530			(62,598		)	72,245
Net loss attributable to noncontrolling interests	—			—			163			—			163
Net income attributable to The GEO Group, Inc.	$	72,245		$	49,068		$	13,693		$	(62,598	)	$	72,408

Net income	$	72,245		$	49,068		$	13,530		$	(62,598	)	$	72,245
Other comprehensive income (loss), net of tax	—			730			(1,526		)	—			(796		)
Total comprehensive income	$	72,245		$	49,798		$	12,004		$	(62,598	)	$	71,449
Comprehensive loss attributable to noncontrolling interests	—			—			176			—			176
Comprehensive income attributable to The GEO Group, Inc.	$	72,245		$	49,798		$	12,180		$	(62,598	)	$	71,625

CONDENSED CONSOLIDATING BALANCE SHEET

(dollars in thousands)

(unaudited)



	As of June 30, 2019
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated

ASSETS
Cash and cash equivalents	$	4,716	$	—	$	16,845		$	—		$	21,561
Restricted cash and cash equivalents	851		—		55,492			—			56,343
Accounts receivable, less allowance for doubtful accounts	163,184		186,592		41,825			3,119			394,720
Contract receivable, current portion	—		—		13,944			—			13,944
Prepaid expenses and other current assets	1,019		37,478		9,768			(1,949		)	46,316
Total current assets	169,770		224,070		137,874			1,170			532,884
Restricted Cash and Investments	—		25,708		1,650			—			27,358
Property and Equipment, Net	841,260		1,222,261		84,704			—			2,148,225
Assets Held for Sale	705		3,902		—			—			4,607
Contract Receivable	—		—		365,208			—			365,208
Operating Lease Right-of-Use Assets, Net	24,754		106,526		736			—			132,016
Intercompany Receivable	965,511		238,050		25,732			(1,229,293		)	—
Deferred Income Tax Assets	798		27,928		1,198			—			29,924
Goodwill	—		775,954		403			—			776,357
Intangible Assets, Net	—		220,670		552			—			221,222
Investment in Subsidiaries	1,479,372		573,816		2,189			(2,055,377		)	—
Other Non-Current Assets	11,361		116,819		20,424			(78,267		)	70,337
Total Assets	$	3,493,531	$	3,535,704	$	640,670		$	(3,361,767	)	$	4,308,138

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	18,083	$	67,982	$	5,192		$	—		$	91,257
Accrued payroll and related taxes	—		53,505		17,864			—			71,369
Accrued expenses and other current liabilities	28,829		132,868		27,639			(253		)	189,083
Operating lease liabilities, current portion	5,108		26,622		347			—			32,077
Current portion of finance lease liabilities, long-term debt and non-recourse debt	8,000		1,550		16,316			—			25,866
Total current liabilities	60,020		282,527		67,358			(253		)	409,652
Deferred Income Tax Liabilities	—		—		13,681			—			13,681
Intercompany Payable	106,062		1,086,737		35,070			(1,227,869		)	—
Other Non-Current Liabilities	2,362		153,949		3,768			(78,267		)	81,812
Operating lease Liabilities	20,199		82,256		389			—			102,844
Finance Lease Liabilities	—		3,779		—			—			3,779
Long-Term Debt	2,282,622		—		71,904			—			2,354,526
Non-Recourse Debt	—		—		320,306			—			320,306
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,022,266		1,926,456		128,922			(2,055,378		)	1,022,266
Noncontrolling Interests	—		—		(728		)	—			(728		)
Total Shareholders’ Equity	1,022,266		1,926,456		128,194			(2,055,378		)	1,021,538
Total Liabilities and Shareholders' Equity	$	3,493,531	$	3,535,704	$	640,670		$	(3,361,767	)	$	4,308,138

CONDENSED CONSOLIDATING BALANCE SHEET

(dollars in thousands)



	As of December 31, 2018
	The GEO Group, Inc.		Combined Subsidiary Guarantors		Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated

ASSETS
Cash and cash equivalents	$	4,468	$	7,873	$	18,914		$	—		$	31,255
Restricted cash and cash equivalents	2,854		—		48,824			—			51,678
Accounts receivable, less allowance for doubtful accounts	190,594		221,957		44,377			(11,402		)	445,526
Contract receivable, current portion	—		—		15,535			—			15,535
Prepaid expenses and other current assets	2,011		50,482		7,114			(1,839		)	57,768
Total current assets	199,927		280,312		134,764			(13,241		)	601,762
Restricted Cash and Investments	—		21,009		1,422			—			22,431
Property and Equipment, Net	845,291		1,227,223		86,096			—			2,158,610
Assets Held for Sale	705		1,929		—			—			2,634
Contract Receivable	—		—		368,178						368,178
Intercompany Receivable	990,365		150,710		22,407			(1,163,482		)	—
Deferred Income Tax Assets	798		27,928		1,198			—			29,924
Goodwill	—		775,955		404			—			776,359
Intangible Assets, Net	—		231,787		573			—			232,360
Investment in Subsidiaries	1,503,841		458,229		2,190			(1,964,260		)	—
Other Non-Current Assets	9,541		115,695		19,334			(78,710		)	65,860
Total Assets	$	3,550,468	$	3,290,777	$	636,566		$	(3,219,693	)	$	4,258,118

LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	$	13,566	$	72,128	$	7,338		$	—		$	93,032
Accrued payroll and related taxes	—		56,543		19,466			—			76,009
Accrued expenses and other current liabilities	23,565		168,231		25,615			(13,241		)	204,170
Current portion of finance lease liabilities, long-term debt and non-recourse debt	8,000		2,017		322,010			—			332,027
Total current liabilities	45,131		298,919		374,429			(13,241		)	705,238
Deferred Income Tax Liabilities	—		—		13,681			—			13,681
Intercompany Payable	142,055		989,856		31,571			(1,163,482		)	—
Other Non-Current Liabilities	1,395		152,815		6,981			(78,710		)	82,481
Finance Lease Liabilities	—		4,570		—			—			4,570
Long-Term Debt	2,321,384		—		75,843			—			2,397,227
Non-Recourse Debt	—		—		15,017			—			15,017
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,040,503		1,844,617		119,643			(1,964,260		)	1,040,503
Noncontrolling Interests	—		—		(599		)	—			(599		)
Total Shareholders’ Equity	1,040,503		1,844,617		119,044			(1,964,260		)	1,039,904
Total Liabilities and Shareholders' Equity	$	3,550,468	$	3,290,777	$	636,566		$	(3,219,693	)	$	4,258,118

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2019
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	130,455		$	31,924		$	54,688		$	217,067
Cash Flow from Investing Activities:
Insurance proceeds - damaged property	—			10,761			—			10,761
Proceeds from sale of property and equipment	—			112			192			304
Change in restricted investments	—			(4,816		)	—			(4,816		)
Capital expenditures	(12,002		)	(42,804		)	(604		)	(55,410		)
Net cash used in investing activities	(12,002		)	(36,747		)	(412		)	(49,161		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	170,000			—			—			170,000
Payments on long-term debt	(213,926		)	—			—			(213,926		)
Payments on non-recourse debt	—			—			(326,942		)	(326,942		)
Proceeds from non-recourse debt	—			—			326,127			326,127
Taxes paid related to net share settlements of equity awards	(4,177		)	—			—			(4,177		)
Proceeds from issuance of common stock in connection with ESPP	252			—			—			252
Debt issuance costs	(4,656		)	—			(5,281		)	(9,937		)
Proceeds from stock options exercised	1,077			—			—			1,077
Dividends paid	(116,122		)	—			—			(116,122		)
Net cash used in financing activities	(167,552		)	—			(6,096		)	(173,648		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	—			—			824			824
Net (Decrease) Increase in Cash. Cash Equivalents and Restricted Cash and Cash Equivalents	(49,099		)	(4,823		)	49,004			(4,918		)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	54,666			4,823			24,983			84,472
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	$	5,567		$	—		$	73,987		$	79,554

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(dollars in thousands)

(unaudited)



	For the Six Months Ended June 30, 2018
	The GEO Group, Inc.			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Consolidated
Cash Flow from Operating Activities:
Net cash provided by operating activities	$	118,354		$	37,087		$	24,812		$	180,253
Cash Flow from Investing Activities:
Proceeds from sale of property and equipment	—			—			1,717			1,717
Proceeds from sale of assets held for sale	—			3,797						3,797
Insurance proceeds - damaged property	—			4,036			—			4,036
Change in restricted investments	—			(1,490		)	—			(1,490		)
Capital expenditures	(68,607		)	(36,998		)	(1,459		)	(107,064		)
Net cash used in investing activities	(68,607		)	(30,655		)	258			(99,004		)
Cash Flow from Financing Activities:
Proceeds from long-term debt	245,000			—			—			245,000
Payments on long-term debt	(134,000		)	—			—			(134,000		)
Payments on non-recourse debt	—			—			(7,490		)	(7,490		)
Taxes paid related to net share settlements of equity awards	(4,391		)	—			—			(4,391		)
Proceeds from issuance of common stock in connection with ESPP	264			—			—			264
Debt issuance costs	(990		)	—			—			(990		)
Proceeds from stock options exercised	1,372			—			—			1,372
Payments for repurchases of common stock	(70,446		)	—			—			(70,446		)
Dividends paid	(115,017		)	—			—			(115,017		)
Net cash used in financing activities	(78,208		)	—			(7,490		)	(85,698		)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	—			—			(1,881		)	(1,881		)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(28,461		)	6,432			15,699			(6,330		)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	54,666			4,952			73,927			133,545
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	$	26,205		$	11,384		$	89,626		$	127,215

Basis of Presentation (Details) person in Thousands, detainee in Thousands, bed in Thousands	Jun. 30, 2019 person facility detainee bed
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of beds \| bed	97
Correctional, detention and residential treatment facilities including projects under development \| facility	133
Provision of monitoring services tracking offenders, number of individuals (more than) \| person	210
Provision of monitoring services tracking offenders using technology products (in detainees) \| detainee	100

Leases - Additional information (Details)	6 Months Ended
Leases - Additional information (Details)	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease renewal term	10 years
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining lease term	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Remaining lease term	77 years

Leases - Assets and Liabilities (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Leases [Abstract]
Operating lease assets	$ 132,016
Finance lease assets	3,391
Total lease assets	135,407
Operating lease liabilities, current portion	32,077
Finance lease liabilities, current portion	1,550
Operating Lease Liabilities	102,844
Finance Lease Liabilities	3,779
Total lease liabilities	$ 140,250

Leases - Lease Cost (Details) $ in Thousands	3 Months Ended	6 Months Ended
Leases - Lease Cost (Details) $ in Thousands	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)
Leases [Abstract]
Operating lease cost	$ 11,738	$ 24,230
Amortization of right-of-use assets	256	512
Interest on lease liabilities	68	181
Total finance lease cost	324	693
Short-term lease cost	1,640	3,555
Total Lease Cost	13,702	28,478
Operating cash flows for operating leases	12,400	25,016
Operating cash flows for finance leases	68	181
Financing activities for finance leases	396	790
Right-of-use assets obtained in exchange for new operating lease liabilties	$ 3,154	$ 6,318
Weighted average remaining lease term, operating leases	7 years 3 months 18 days	7 years 3 months 18 days
Weighted average remaining lease term, finance leases	3 years 4 months 24 days	3 years 4 months 24 days
Weighted average discount rate, operating leases	4.74%	4.74%
Weighted average discount rate, finance leases	8.27%	8.27%

Leases - Maturities (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Operating Leases
2019	$ 20,548
2020	31,861
2021	24,100
2022	17,521
2023	14,189
Thereafter	53,661
Total minimum lease payments	161,880
Less: amount of lease payment representing interest	(26,959)
Present value of future minimum lease payments	134,921
Less: current obligations under leases	(32,077)
Long-term lease obligations	102,844
Finance Leases
2019	965
2020	1,934
2021	1,936
2022	1,234
2023	0
Thereafter	0
Total minimum lease payments	6,069
Less: amount of lease payment representing interest	(740)
Present value of future minimum lease payments	5,329
Less: current obligations under leases	(1,550)
Long-term lease obligations	$ 3,779

Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Liabilities:
Accounts receivable, transferred to third party	$ 3,000
Proceeds from sale of receivables	3,000
Recurring
Restricted investment:
Rabbi Trust	25,708	$ 20,892
Fixed income securities	1,881	1,801
Recurring \| Interest rate swap derivatives
Liabilities:
Interest rate swap derivatives		8,638
Recurring \| Quoted Prices in Active Markets (Level 1)
Restricted investment:
Rabbi Trust	0	0
Fixed income securities	0	0
Recurring \| Quoted Prices in Active Markets (Level 1) \| Interest rate swap derivatives
Liabilities:
Interest rate swap derivatives		0
Recurring \| Significant Other Observable Inputs (Level 2)
Restricted investment:
Rabbi Trust	25,708	20,892
Fixed income securities	1,881	1,801
Recurring \| Significant Other Observable Inputs (Level 2) \| Interest rate swap derivatives
Liabilities:
Interest rate swap derivatives		8,638
Recurring \| Significant Unobservable Inputs (Level 3)
Restricted investment:
Rabbi Trust	0	0
Fixed income securities	$ 0	0
Recurring \| Significant Unobservable Inputs (Level 3) \| Interest rate swap derivatives
Liabilities:
Interest rate swap derivatives		$ 0

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 776,359
Foreign Currency Translation	(2)
Goodwill, end of period	776,357
GEO Secure Services
Goodwill [Roll Forward]
Goodwill, beginning of period	316,366
Foreign Currency Translation	0
Goodwill, end of period	316,366
GEO Care
Goodwill [Roll Forward]
Goodwill, beginning of period	459,589
Foreign Currency Translation	0
Goodwill, end of period	459,589
International Services
Goodwill [Roll Forward]
Goodwill, beginning of period	404
Foreign Currency Translation	(2)
Goodwill, end of period	$ 402

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (166,193)	$ (155,659)
Net Carrying Amount	176,022
Gross carrying amount	387,415	388,019
Total acquired intangible assets	221,222	232,360
Trade names
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]
Trade names (Indefinite lived)	$ 45,200	45,200
Facility management contracts
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life	16 years 3 months 18 days
Gross Carrying Amount	$ 308,515	308,419
Accumulated Amortization	(137,909)	(127,481)
Net Carrying Amount	$ 170,606	180,938
Covenants not to compete
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life	1 year
Gross Carrying Amount	$ 0	700
Accumulated Amortization	0	(700)
Net Carrying Amount	$ 0	0
Technology
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life	7 years 3 months 18 days
Gross Carrying Amount	$ 33,700	33,700
Accumulated Amortization	(28,284)	(27,478)
Net Carrying Amount	$ 5,416	$ 6,222

Goodwill and Other Intangible Assets - Estimated Amortization Expense (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Estimated amortization expense for the remainder
Remainder of 2019	$ 11,171
2020	22,306
2021	19,782
2022	18,273
2023	13,632
Thereafter	90,858
Net Carrying Amount	$ 176,022

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 11.2	$ 11.7
Facility management contracts
Finite-Lived Intangible Assets [Line Items]
Weighted average period	1 year 6 months

Fair Value of Assets and Liabilities - Carrying Values and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Assets:
Cash and cash equivalents	$ 21,561	$ 31,255	$ 65,451
Estimate of Fair Value Measurement
Assets:
Cash and cash equivalents	21,561	31,255
Restricted cash and investments	57,993	53,217
Liabilities:
Borrowings under senior credit facility	1,206,589	1,188,196
Non-recourse debt	339,188	348,274
Estimate of Fair Value Measurement \| 5.875% Senior Notes due 2022
Liabilities:
Senior notes	247,275	244,550
Estimate of Fair Value Measurement \| 5.125% Senior Notes due 2023
Liabilities:
Senior notes	269,220	271,992
Estimate of Fair Value Measurement \| 5.875% Senior Notes due 2024
Liabilities:
Senior notes	221,240	224,590
Estimate of Fair Value Measurement \| 6.00% Senior Notes due 2026
Liabilities:
Senior notes	305,620	310,177
Estimate of Fair Value Measurement \| Level 1
Assets:
Cash and cash equivalents	21,561	31,255
Restricted cash and investments	57,993	50,499
Liabilities:
Borrowings under senior credit facility	0	0
Non-recourse debt	0	0
Estimate of Fair Value Measurement \| Level 1 \| 5.875% Senior Notes due 2022
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 1 \| 5.125% Senior Notes due 2023
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 1 \| 5.875% Senior Notes due 2024
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 1 \| 6.00% Senior Notes due 2026
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 2
Assets:
Cash and cash equivalents	0	0
Restricted cash and investments	0	2,718
Liabilities:
Borrowings under senior credit facility	1,206,589	1,188,196
Non-recourse debt	339,188	348,274
Estimate of Fair Value Measurement \| Level 2 \| 5.875% Senior Notes due 2022
Liabilities:
Senior notes	247,275	244,550
Estimate of Fair Value Measurement \| Level 2 \| 5.125% Senior Notes due 2023
Liabilities:
Senior notes	269,220	271,992
Estimate of Fair Value Measurement \| Level 2 \| 5.875% Senior Notes due 2024
Liabilities:
Senior notes	221,240	224,590
Estimate of Fair Value Measurement \| Level 2 \| 6.00% Senior Notes due 2026
Liabilities:
Senior notes	305,620	310,177
Estimate of Fair Value Measurement \| Level 3
Assets:
Cash and cash equivalents	0	0
Restricted cash and investments	0	0
Liabilities:
Borrowings under senior credit facility	0	0
Non-recourse debt	0	0
Estimate of Fair Value Measurement \| Level 3 \| 5.875% Senior Notes due 2022
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 3 \| 5.125% Senior Notes due 2023
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 3 \| 5.875% Senior Notes due 2024
Liabilities:
Senior notes	0	0
Estimate of Fair Value Measurement \| Level 3 \| 6.00% Senior Notes due 2026
Liabilities:
Senior notes	0	0
Carrying Value
Assets:
Cash and cash equivalents	21,561	31,255
Restricted cash and investments	57,993	53,217
Liabilities:
Borrowings under senior credit facility	1,231,322	1,273,965
Non-recourse debt	342,233	340,910
Carrying Value \| 5.875% Senior Notes due 2022
Liabilities:
Senior notes	250,000	250,000
Carrying Value \| 5.125% Senior Notes due 2023
Liabilities:
Senior notes	300,000	300,000
Carrying Value \| 5.875% Senior Notes due 2024
Liabilities:
Senior notes	250,000	250,000
Carrying Value \| 6.00% Senior Notes due 2026
Liabilities:
Senior notes	$ 350,000	$ 350,000

Fair Value of Assets and Liabilities - Narrative (Details) - Senior Notes	Jun. 30, 2019
Debt Instrument [Line Items]
Interest rate	5.875%
5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	5.875%
5.875% Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate	5.875%
6.00% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	6.00%
5.125% Senior Notes, due 2023
Debt Instrument [Line Items]
Interest rate	5.125%

Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 21,561	$ 31,255	$ 65,451
Restricted cash and cash equivalents - current	56,343		58,720
Restricted cash and investments - non-current	27,358		25,297
Less Restricted investments - non-current	(25,708)		(22,253)
Total cash, cash equivalents and restricted cash and cash equivalents shown in the statement of cash flows	$ 79,554	$ 84,472	$ 127,215	$ 133,545

Shareholders' Equity - Changes in Shareholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	$ 1,026,904	$ 1,039,904	$ 1,138,572	$ 1,198,919	$ 1,039,904	$ 1,198,919
Proceeds from exercise of stock options	739	333	1,111	261
Proceeds from exercise of stock options (shares)					64
Stock-based compensation expense	5,453	6,727	4,960	5,827
Restricted stock granted	0	0	0
Restricted stock canceled	0	0	0	0
Dividends paid	(58,177)	(57,945)	(56,698)	(58,319)
Shares withheld for net settlements of share-based awards		(4,172)	(34)	(4,357)
Issuance of common stock - ESPP	128	124	123	141
Repurchases of common stock			(30,264)	(40,182)
Transition adjustment for accounting standard adoption							$ 0
Net income (loss)	41,836	40,649	37,325	34,920	$ 82,485	72,245
Other comprehensive income	4,654		(2,158)	1,362	6,902	(796)
Ending Balance	1,021,538	1,026,904	1,092,937	1,138,572	1,021,538	1,092,937
Common shares
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	$ 1,254	$ 1,248	$ 1,239	$ 1,240	$ 1,248	$ 1,240
Beginning Balance (shares)	121,187	120,585	122,005	124,008	120,585	124,008
Proceeds from exercise of stock options	$ 0	$ 0	$ 0	$ 1
Proceeds from exercise of stock options (shares)	42	22	62	15
Restricted stock granted	$ 0	$ 8	$ 9
Restricted stock granted (shares)	10	778	896
Restricted stock canceled	$ 0	$ 0	$ 0	$ 0
Restricted stock canceled (shares)	(32)	(6)	(19)	(9)
Shares withheld for net settlements of share-based awards		$ (2)	$ 0	$ (2)
Shares withheld for net settlements of share-based awards (shares)		(198)	(2)	(169)
Issuance of common stock - ESPP (shares)	6	6	4	8
Repurchases of common stock (shares)			(1,269)	(1,848)
Ending Balance	$ 1,254	$ 1,254	$ 1,248	$ 1,239	$ 1,254	$ 1,248
Ending Balance (shares)	121,213	121,187	121,677	122,005	121,213	121,677
Additional Paid-In Capital
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	$ 1,213,922	$ 1,210,916	$ 1,192,779	$ 1,190,906	$ 1,210,916	$ 1,190,906
Proceeds from exercise of stock options	739	333	1,111	260
Stock-based compensation expense	5,453	6,727	4,960	5,827
Restricted stock granted	0	(8)	(9)
Shares withheld for net settlements of share-based awards		(4,170)	(34)	(4,355)
Issuance of common stock - ESPP	128	124	123	141
Ending Balance	1,220,242	1,213,922	1,198,930	1,192,779	1,220,242	1,198,930
Earnings in Excess of Distributions
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	(71,076)	(52,868)	8,209	31,541	(52,868)	31,541
Dividends paid	(58,177)	(57,945)	(56,698)	(58,319)
Transition adjustment for accounting standard adoption							(968)
Net income (loss)	41,914	40,705	37,421	34,987
Ending Balance	(87,339)	(71,076)	(11,068)	8,209	(87,339)	(11,068)
Accumulated Other Comprehensive Loss
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	(21,366)	(23,618)	(23,092)	(24,446)	(23,618)	(24,446)
Transition adjustment for accounting standard adoption							$ 968
Other comprehensive income			(2,137)	1,354	6,902	(783)
Ending Balance	(16,716)	(21,366)	(25,229)	(23,092)	(16,716)	(25,229)
Treasury shares
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	$ (95,175)	$ (95,175)	$ (40,182)	$ 0	$ (95,175)	$ 0
Beginning Balance (shares)	4,210	4,210	1,848	0	4,210	0
Repurchases of common stock			$ (30,264)	$ (40,182)
Repurchases of common stock (shares)			1,269	1,848
Ending Balance	$ (95,175)	$ (95,175)	$ (70,446)	$ (40,182)	$ (95,175)	$ (70,446)
Ending Balance (shares)	4,210	4,210	3,117	1,848	4,210	3,117
Noncontrolling Interests
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Beginning Balance	$ (655)	$ (599)	$ (381)	$ (322)	$ (599)	$ (322)
Net income (loss)	(78)	(56)	(96)	(67)
Other comprehensive income			(21)	8
Ending Balance	(728)	(655)	$ (498)	$ (381)	$ (728)	$ (498)
Accounting Standards Update 2016-02
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Other comprehensive income	4,655	1,284
Accounting Standards Update 2016-02 \| Accumulated Other Comprehensive Loss
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Other comprehensive income	4,650	1,284
Accounting Standards Update 2016-02 \| Noncontrolling Interests
Changes in shareholders' equity that are attributable to the Company's shareholders and to non controlling interests
Other comprehensive income	$ 5	$ 0

Shareholders' Equity - Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2019	Apr. 03, 2019	Feb. 04, 2019	Oct. 15, 2018	Jul. 10, 2018	Apr. 11, 2018	Feb. 05, 2018
Dividends Payable [Line Items]
Minimum percentage of taxable income to be distributed as REIT	90.00%
Dividend Paid
Dividends Payable [Line Items]
Distribution Per Share (USD per share)		$ 0.48	$ 0.48	$ 0.47	$ 0.47	$ 0.47	$ 0.47
Aggregate Payment Amount		$ 58.2	$ 57.9	$ 57.2	$ 57.2	$ 57.4	$ 58.3

Shareholders' Equity - Stock Buyback Program and Prospectus Supplement (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 12, 2019	Feb. 14, 2018	Nov. 09, 2017
Common shares \| February 2018 Stock Buyback Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount			$ 200,000,000.0
Prospectus Supplement
Equity, Class of Treasury Stock [Line Items]
Maximum common stock value authorized under prospectus supplement				$ 150,000,000
Issuance of common stock under prospectus supplement (in shares)	0
Amended Credit Agreement \| Revolving Credit Facility \| Line of Credit
Equity, Class of Treasury Stock [Line Items]
Maximum borrowing capacity		$ 900,000,000

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
	May 22, 2019	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance					$ 1,040,503
Total other comprehensive income (loss), net of tax		$ 4,654	$ (2,158)	$ 1,362	6,902	$ (796)
Ending balance		1,022,266			1,022,266
Foreign currency translation adjustments, net of tax attributable to The GEO Group, Inc.
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance				(7,470)	(14,573)	(7,470)
Current-period other comprehensive income (loss) before reclassifications					1,761
Amounts reclassified from other comprehensive income into earnings					0
Total other comprehensive income (loss), net of tax					1,761	(4,527)
Ending balance		(12,812)	(11,997)		(12,812)	(11,997)
Change in fair value of derivatives, net of tax
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance				(11,892)	(5,746)	(11,892)
Current-period other comprehensive income (loss) before reclassifications					1,895
Amounts reclassified from other comprehensive income into earnings					3,851
Total other comprehensive income (loss), net of tax					5,746	3,014
Ending balance		0	(8,878)		0	(8,878)
Pension adjustments, net of tax
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance				(5,084)	(3,299)	(5,084)
Current-period other comprehensive income (loss) before reclassifications					(605)
Amounts reclassified from other comprehensive income into earnings					0
Total other comprehensive income (loss), net of tax					(605)	730
Ending balance		(3,904)	(4,354)		(3,904)	(4,354)
Total
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance				(24,446)	(23,618)	(24,446)
Current-period other comprehensive income (loss) before reclassifications					3,051
Amounts reclassified from other comprehensive income into earnings					3,851
Total other comprehensive income (loss), net of tax			(2,137)	$ 1,354	6,902	(783)
Ending balance		$ (16,716)	$ (25,229)		$ (16,716)	$ (25,229)
Ravenhall
Components of Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amounts reclassified from other comprehensive income into earnings	$ 3,900

Equity Incentive Plans - Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019 USD ($) $ / shares shares	Dec. 31, 2018 USD ($) $ / shares shares
Shares
Options outstanding, Beginning Balance, Shares \| shares	1,462
Options granted, Shares \| shares	391
Options exercised, Shares \| shares	(64)
Options forfeited/canceled/expired, Shares \| shares	(117)
Options outstanding, Ending Balance, Shares \| shares	1,672	1,462
Options vested and expected to vest, ending balance, Shares \| shares	1,569
Options exercisable, ending balance, Shares \| shares	842
Wtd. Avg. Exercise Price
Options outstanding, Beginning Balance, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	$ 24.30
Options granted, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	22.68
Options exercised, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	16.93
Options forfeited/canceled/expired, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	24.68
Options outstanding, Ending Balance, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	24.19	$ 24.30
Options vested and expected to vest, ending balance, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	24.25
Options exercisable, ending balance, Wtd. Avg. Exercise Price (in dollars per share) \| $ / shares	$ 24.67
Options, Additional Disclosures
Options outstanding, Remaining Contractual Term	7 years 4 months 24 days	7 years 2 months 12 days
Options vested and expected to vest, ending balance, Wtd. Avg., Remaining Contractual Term	7 years 3 months 14 days
Options exercisable, ending balance, Wtd. Avg. Remaining Contractual Term	5 years 11 months 26 days
Options outstanding, Aggregate Intrinsic Value \| $	$ 1,122	$ 924
Options vested and expected to vest, ending balance, Aggregate Intrinsic Value \| $	0
Options exercisable, ending balance, Aggregate Intrinsic Value \| $	$ 1,036

Equity Incentive Plans - Restricted Stock Activity (Details) - Restricted Stock shares in Thousands	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Shares
Beginning balance (in shares) \| shares	2,018
Granted (in shares) \| shares	788
Vested (in shares) \| shares	(698)
Forfeited/canceled (in shares) \| shares	(38)
Ending balance (in shares) \| shares	2,070
Wtd. Avg. Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 27.62
Granted (in dollars per share) \| $ / shares	23.79
Vested (in dollars per share) \| $ / shares	24.08
Forfeited/canceled (in dollars per share) \| $ / shares	24.01
Ending balance (in dollars per share) \| $ / shares	$ 27.29

Equity Incentive Plans - Narrative (Details) $ / shares in Units, $ in Millions		6 Months Ended
	Mar. 01, 2019 $ / shares shares	Jun. 30, 2019 USD ($) metric shares	Jun. 30, 2018 USD ($)	Apr. 24, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)		391,000
Grant date fair value (in dollars per share) \| $ / shares	$ 3.96
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		40.69%
Expected term		5 years
Risk free interest rate		2.44%
Expected dividend yield		8.47%
Options granted (in shares)	391,000
Share based compensation expense \| $		$ 0.5	$ 0.4
Unrecognized compensation costs related to non vested stock option awards \| $		$ 2.5
Expected weighted average period to recognize expense		2 years 10 months 24 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate		43.70%
Risk free interest rate		2.53%
Share based compensation expense \| $		$ 11.6	$ 10.4
Unrecognized compensation costs related to non vested stock option awards \| $		$ 35.8
Expected weighted average period to recognize expense		2 years 4 months 24 days
Granted shares (in shares)		788,000
Number of annual performance metrics \| metric		2
Beta		1.0
Restricted Stock \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Award vesting rights, percentage		0.00%
Restricted Stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Award vesting rights, percentage		200.00%
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on purchase of Common Stock for employee from the current market price		5.00%
Maximum shares authorized under ESPP for sale offer to eligible employees (in shares)		750,000
Shares issued (in shares)		12,374
2018 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)				4,600,000
Certain Employees and Executive Officers \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted shares (in shares)		788,000
Certain Employees and Executive Officers \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted shares (in shares)		250,000
Performance metric one \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Award vesting rights, percentage		50.00%
Award performance period		3 years
Performance metric two \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		50.00%
Award performance period		3 years

- Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 41,836	$ 40,649	$ 37,325	$ 34,920	$ 82,485	$ 72,245
Net loss attributable to noncontrolling interests	78		96		134	163
Net income attributable to The GEO Group, Inc.	$ 41,914		$ 37,421		$ 82,619	$ 72,408
Basic earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding (in shares)	119,168		120,274		118,972	121,017
Per share amount (USD per share)	$ 0.35		$ 0.31		$ 0.69	$ 0.60
Diluted earnings per share attributable to The GEO Group, Inc.:
Weighted average shares outstanding (in shares)	119,168		120,274		118,972	121,017
Dilutive effect of equity incentive plans (in shares)	376		385		545	444
Weighted average shares assuming dilution (in shares)	119,544		120,659		119,517	121,461
Per share amount (USD per share)	$ 0.35		$ 0.31		$ 0.69	$ 0.60

Earnings Per Share - Anti-dilutive Shares Excluded from Diluted EPS (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	1,399,742	969,655	1,297,624	821,206
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	775,827	709,153	694,029	719,184

Derivative Financial Instruments - Australia Ravenhall (Details) - USD ($) $ in Millions	May 22, 2019	Jun. 30, 2019
Ravenhall, Australia \| Operating phase \| Interest Rate Swap
Derivative [Line Items]
Fixed interest rate on derivative		4.20%
Ravenhall
Derivative [Line Items]
Amounts reclassified from other comprehensive income into earnings	$ 3.9

Debt - Debt Outstanding (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Term loan	$ 782,000	$ 786,000
Unamortized discount	(2,582)	(2,878)
Unamortized debt issuance costs	(6,124)	(6,826)
Revolver	451,904	490,843
Total Senior Credit Facility	1,225,198	1,267,139
Finance Lease Liabilities	5,329
Finance Lease Liabilities		6,059
Other debt	0	2,469
Total debt	2,704,477	2,748,841
Current portion of finance lease liabilities, long-term debt and non-recourse debt	(25,866)	(332,027)
Finance Lease Liabilities, long-term portion	(3,779)
Finance Lease Liabilities, long-term portion		(4,570)
Non-Recourse Debt, long-term portion	(320,306)	(15,017)
Long-Term Debt	$ 2,354,526	2,397,227
Senior Notes
Debt Instrument [Line Items]
Interest rate	5.875%
Non-Recourse Debt
Debt Instrument [Line Items]
Unamortized discount	$ (120)	(164)
Unamortized debt issuance costs	(5,612)	(3,883)
Non-Recourse Debt	342,353	341,074
Total Non-Recourse Debt	336,621	337,027
6.00% Senior Notes due 2026 \| Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs	(4,558)	(4,820)
Long-term debt, gross	350,000	350,000
Long-term debt	$ 345,442	345,180
Interest rate	6.00%
5.875% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (2,757)	(2,971)
Long-term debt, gross	250,000	250,000
Long-term debt	$ 247,243	247,029
Interest rate	5.875%
5.125% Senior Notes, due 2023 \| Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (3,219)	(3,548)
Long-term debt, gross	300,000	300,000
Long-term debt	$ 296,781	296,452
Interest rate	5.125%
5.875% Senior Notes due 2022 \| Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (2,137)	(2,514)
Long-term debt, gross	250,000	250,000
Long-term debt	$ 247,863	$ 247,486
Interest rate	5.875%

Debt - Amended Credit Agreement (Details)		3 Months Ended		6 Months Ended
Debt - Amended Credit Agreement (Details)	Jun. 12, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 AUD ($)	Jun. 12, 2019 AUD ($)	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt		$ 5,741,000	$ 574,000	$ 5,741,000	$ 574,000
Term loan		782,000,000		782,000,000				$ 786,000,000
Revolver		$ 451,904,000		$ 451,904,000				$ 490,843,000
Weighted average interest rate		4.50%		4.50%		4.50%
Amended Credit Agreement
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 1,200,000
Loan costs	$ 4,700,000
Total leverage ratio, maximum	6.25						6.25
Senior secured leverage ratio	3.50						3.50
Interest coverage ratio	3.00						3.00
Revolver
Debt Instrument [Line Items]
Revolver		$ 452,000,000		$ 452,000,000
Additional Revolver
Debt Instrument [Line Items]
Borrowing capacity increase		386,000,000		386,000,000
Revolving Credit Facility \| Line of Credit \| Amended Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 900,000,000
Revolving Credit Facility \| Line of Credit \| Amended Credit Agreement \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%						2.25%
Letter of Credit
Debt Instrument [Line Items]
Long-term debt		62,000,000		62,000,000
Letter of Credit \| Line of Credit \| Amended Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 275,000,000
Long-term debt		0		0
Letter of Credit \| Line of Credit \| Bank Guarantee and Standby Sub Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		70,000,000.0		70,000,000.0		$ 100,000,000
Term Loan
Debt Instrument [Line Items]
Term loan		$ 782,000,000		$ 782,000,000
Term Loan \| Line of Credit \| Amended Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 792,000,000.0
Term Loan \| Line of Credit \| Amended Credit Agreement \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%						2.00%
Interest rate	0.75%						0.75%
Accordion \| Line of Credit \| Amended Credit Agreement
Debt Instrument [Line Items]
Accordion feature, increase limit	$ 450,000,000.0

Debt - Senior Notes (Details) - Senior Notes	Jun. 30, 2019
Debt Instrument [Line Items]
Interest rate	5.875%
6.00% Senior Notes, due 2026
Debt Instrument [Line Items]
Interest rate	6.00%
5.875% Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate	5.875%
5.125% Senior Notes, due 2023
Debt Instrument [Line Items]
Interest rate	5.125%
5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	5.875%

Debt - Non-Recourse Debt (Details)	3 Months Ended		6 Months Ended
Debt - Non-Recourse Debt (Details)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 AUD ($)	May 22, 2019 USD ($)	May 22, 2019 AUD ($)	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Restricted cash and cash equivalents - current	$ 56,343,000	$ 58,720,000	$ 56,343,000	$ 58,720,000
Revolver	451,904,000		451,904,000					$ 490,843,000
Loss on extinguishment of debt	5,741,000	$ 574,000	5,741,000	$ 574,000
Non-Recourse Debt
Debt Instrument [Line Items]
Non-recourse debt	336,621,000		$ 336,621,000					$ 337,027,000
Debt Instrument, Basis Spread on Variable Rate			20000.00%
Northwest Detention Center \| Non-Recourse Debt, 2011 Revenue Bonds
Debt Instrument [Line Items]
Face amount	54,400,000		$ 54,400,000
Non-recourse debt	22,900,000		22,900,000
Current portion of non recourse debt	$ 7,300,000		$ 7,300,000
Interest rate	5.25%		5.25%		5.25%
Northwest Detention Center \| Non-Recourse Debt, Northwest Detention Center
Debt Instrument [Line Items]
Restricted cash and cash equivalents - current	$ 8,300,000		$ 8,300,000
Ravenhall \| Non-Recourse Debt
Debt Instrument [Line Items]
Loss on extinguishment of debt			4,500,000
Loan costs	7,500,000		7,500,000
Ravenhall \| Construction Facility \| Non-Recourse Debt
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 556,000,000.0		$ 556,000,000.0		$ 791,000,000.0
Ravenhall \| Non Recourse Notes \| Non-Recourse Debt
Debt Instrument [Line Items]
Face amount						$ 324,400,000	$ 461,600,000
Interest rate	4.23%		4.23%		4.23%

Debt - Guarantees (Details) $ in Millions	Jun. 30, 2019 USD ($) guarantee	Jun. 30, 2019 AUD ($) guarantee	Jun. 30, 2019 ZAR (R) guarantee
Ravenhall
Line of Credit Facility [Line Items]
Number of letters of guarantee outstanding under separate international facilities relating to performance guarantees \| guarantee	8	8	8
Letters of credit outstanding relating to performance guarantees	$ 10,800,000
Ravenhall \| Letter of Credit \| Revolver
Line of Credit Facility [Line Items]
Guaranteed obligations	70,000,000.0	$ 100.0
SACS
Line of Credit Facility [Line Items]
Maximum loan amount under standby facility	1,400,000		R 20,000,000
Amount funded	$ 0

Commitments and Contingencies (Details) $ in Millions	3 Months Ended	6 Months Ended
Commitments and Contingencies (Details) $ in Millions	Dec. 19, 2017 claim	Jun. 30, 2019 USD ($) facility bed
Commitments and Contingencies [Line Items]
Estimate of possible loss		$ 18.6
Estimated construction capital project cost		173.0
Cost already spent on existing capital projects		129.0
Remaining capital required for capital projects		$ 44.0
Number of vacant beds at idle facilities marketed to potential customers \| bed		2,300
Number of marketed idle facilities \| facility		3,000
Property and Equipment
Commitments and Contingencies [Line Items]
Carrying values of idle facilities marketed to potential customers		$ 27.5
Pending Litigation \| Immigration Detainees Against Company
Commitments and Contingencies [Line Items]
New claims filed, number \| claim	3
WASHINGTON \| Pending Litigation \| Immigration Detainees Against Company
Commitments and Contingencies [Line Items]
New claims filed, number \| claim	2
CALIFORNIA \| Pending Litigation \| Immigration Detainees Against Company
Commitments and Contingencies [Line Items]
New claims filed, number \| claim	1

Business Segments and Geographic Information - Operating and Reporting Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Revenues	$ 613,966	$ 583,509	$ 1,224,633	$ 1,148,426
Operating Income:
Operating income	81,175	66,951	155,952	131,401
General and Administrative Expenses	(47,271)	(47,448)	(93,695)	(89,280)
Operating Segments
Revenues:
Revenues	613,966	583,509	1,224,633	1,148,426
Operating Income:
Operating income	128,446	114,399	249,647	220,681
Operating Segments \| GEO Secure Services
Revenues:
Revenues	399,475	368,989	789,985	727,670
Operating Income:
Operating income	83,865	77,318	160,789	146,506
Operating Segments \| GEO Care
Revenues:
Revenues	155,507	149,928	309,350	290,006
Operating Income:
Operating income	41,661	35,139	80,199	66,831
Operating Segments \| International Services
Revenues:
Revenues	54,388	64,592	118,612	130,750
Operating Income:
Operating income	2,920	1,942	8,659	7,344
Operating Segments \| Facility Construction and Design
Revenues:
Revenues	4,596	0	6,686	0
Operating Income:
Operating income	0	0	0	0
Segment Reconciling Items
Operating Income:
General and Administrative Expenses	$ (47,271)	$ (47,448)	$ (93,695)	$ (89,280)

Business Segments and Geographic Information - Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pre-Tax Income Reconciliation of Segments
Operating income from segments	$ 81,175	$ 66,951	$ 155,952	$ 131,401
Unallocated Amount:
General and Administrative Expenses	(47,271)	(47,448)	(93,695)	(89,280)
Loss on extinguishment of debt	(5,741)	(574)	(5,741)	(574)
Income before income taxes and equity in earnings of affiliates	44,547	38,699	87,440	76,379
Operating Segments
Pre-Tax Income Reconciliation of Segments
Operating income from segments	128,446	114,399	249,647	220,681
Segment Reconciling Items
Unallocated Amount:
General and Administrative Expenses	(47,271)	(47,448)	(93,695)	(89,280)
Net Interest Expense	(30,887)	(27,678)	(62,771)	(54,448)
Loss on extinguishment of debt	$ (5,741)	$ (574)	$ (5,741)	$ (574)

Business Segments and Geographic Information - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) segment	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of reportable business segments \| segment			4
Equity in earnings of affiliates, net of income tax provision	$ 1,821	$ 2,341	$ 4,417	$ 4,336
Investment in affiliate	0		$ 0		$ 0
SACS
Schedule of Equity Method Investments [Line Items]
Ownership percentage in entity			50.00%
Equity in earnings of affiliates, net of income tax provision	1,200	2,100	$ 2,600	3,700
Investment in joint venture	12,500		12,500		13,400
Geo Amey
Schedule of Equity Method Investments [Line Items]
Equity in earnings of affiliates, net of income tax provision	600	$ 200	1,800	$ 600
Investment in affiliate	$ 6,500		$ 6,500		$ 4,800

Benefit Plans - Funded Status of Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period			$ 32,474	$ 32,820	$ 32,820
Service cost	$ 250	$ 300	499	600	1,200
Interest cost	348	$ 310	696	621	1,242
Actuarial loss			0		(2,166)
Benefits paid			(391)		(622)
Projected benefit obligation, end of period	33,278		33,278		32,474
Change in Plan Assets
Plan assets at fair value, beginning of period			0	$ 0	0
Company contributions			391		622
Benefits paid			(391)		(622)
Plan assets at fair value, end of period	0		0		0
Unfunded Status of the Plan	$ 33,278		$ 33,278		$ 32,474

Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Components of Net Periodic Benefit Cost
Service cost	$ 250	$ 300	$ 499	$ 600	$ 1,200
Interest cost	348	310	696	621	$ 1,242
Net loss	53	133	105	266
Net periodic pension cost	$ 651	$ 743	$ 1,300	$ 1,487

Benefit Plans - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Long-term portion of the pension liability	$ 33.0	$ 32.1

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transition adjustment for accounting standard adoption		$ 0
Operating right-of-use lease assets	$ 132,016
Operating lease liability	$ 134,921
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating right-of-use lease assets		140,000
Operating lease liability		147,000
Distributions In Excess Of Earnings \| Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transition adjustment for accounting standard adoption		(1,000)
Tax Rate Reduction Related To Pension Liability \| Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transition adjustment for accounting standard adoption		700
Tax Effect Of Tax Reform On Items Remaining In AOCI, Currency Translation \| Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transition adjustment for accounting standard adoption		$ (1,700)

Condensed Consolidating Financial Information - Narrative (Details)	Jun. 30, 2019
Debt Instrument [Line Items]
Percentage of subsidiary owned	100.00%
Senior Notes
Debt Instrument [Line Items]
Notes bear interest at a rate	5.875%
Senior Notes \| 6.00% Senior Notes, due 2026
Debt Instrument [Line Items]
Notes bear interest at a rate	6.00%
Senior Notes \| Senior Notes Due 2023
Debt Instrument [Line Items]
Notes bear interest at a rate	5.125%
Senior Notes \| 5.875% Senior Notes due 2022
Debt Instrument [Line Items]
Notes bear interest at a rate	5.875%

Condensed Consolidating Financial Information - Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Consolidated Statements of Income and Comprehensive Income [Abstract]
Revenues	$ 613,966		$ 583,509		$ 1,224,633	$ 1,148,426
Operating expenses	453,168		437,797		910,165	864,506
Depreciation and amortization	32,352		31,313		64,821	63,239
General and administrative expenses	47,271		47,448		93,695	89,280
Operating income	81,175		66,951		155,952	131,401
Interest income	8,045		8,667		16,441	17,766
Interest expense	(38,932)		(36,345)		(79,212)	(72,214)
Loss on extinguishment of debt	(5,741)		(574)		(5,741)	(574)
Income before income taxes and equity in earnings of affiliates	44,547		38,699		87,440	76,379
Income tax provision	4,532		3,715		9,372	8,470
Equity in earnings of affiliates, net of income tax provision	1,821		2,341		4,417	4,336
Income before equity in income of consolidated subsidiaries	41,836		37,325		82,485	72,245
Income from consolidated subsidiaries, net of income tax provision	0		0		0	0
Net loss attributable to noncontrolling interests	78		96		134	163
Net income attributable to The GEO Group, Inc.	41,914		37,421		82,619	72,408
Net income	41,836	$ 40,649	37,325	$ 34,920	82,485	72,245
Net current-period other comprehensive income (loss)	4,654		(2,158)	$ 1,362	6,902	(796)
Total comprehensive income	46,490		35,167		89,387	71,449
Comprehensive loss attributable to noncontrolling interests	73		117		129	176
Comprehensive income attributable to The GEO Group, Inc.	46,563		35,284		89,516	71,625
Reportable Legal Entities \| The GEO Group, Inc.
Consolidated Statements of Income and Comprehensive Income [Abstract]
Revenues	233,539		202,186		461,921	397,816
Operating expenses	189,310		161,122		360,826	312,944
Depreciation and amortization	7,299		6,564		14,718	13,024
General and administrative expenses	17,813		16,281		35,013	30,622
Operating income	19,117		18,219		51,364	41,226
Interest income	3,497		3,406		6,975	7,583
Interest expense	(23,127)		(19,073)		(46,423)	(37,695)
Loss on extinguishment of debt	(486)		(574)		(486)	(574)
Income before income taxes and equity in earnings of affiliates	(999)		1,978		11,430	10,540
Income tax provision	239		716		528	893
Equity in earnings of affiliates, net of income tax provision	0		0		0	0
Income before equity in income of consolidated subsidiaries	(1,238)		1,262		10,902	9,647
Income from consolidated subsidiaries, net of income tax provision	43,074		36,063		71,583	62,598
Net loss attributable to noncontrolling interests	0		0		0	0
Net income attributable to The GEO Group, Inc.	41,836		37,325		82,485	72,245
Net income	41,836		37,325		82,485	72,245
Net current-period other comprehensive income (loss)	0		0		0	0
Total comprehensive income	41,836		37,325		82,485	72,245
Comprehensive loss attributable to noncontrolling interests	0		0		0	0
Comprehensive income attributable to The GEO Group, Inc.	41,836		37,325		82,485	72,245
Reportable Legal Entities \| Combined Subsidiary Guarantors
Consolidated Statements of Income and Comprehensive Income [Abstract]
Revenues	498,406		474,966		993,296	933,694
Operating expenses	392,023		381,040		804,477	759,006
Depreciation and amortization	24,208		23,695		48,392	48,138
General and administrative expenses	24,752		25,738		48,781	48,185
Operating income	57,423		44,493		91,646	78,365
Interest income	2,180		1,447		3,515	2,864
Interest expense	(14,703)		(13,959)		(28,551)	(28,419)
Loss on extinguishment of debt	(790)		0		(790)	0
Income before income taxes and equity in earnings of affiliates	44,110		31,981		65,820	52,810
Income tax provision	3,550		1,442		5,929	3,742
Equity in earnings of affiliates, net of income tax provision	0		0		0	0
Income before equity in income of consolidated subsidiaries	40,560		30,539		59,891	49,068
Income from consolidated subsidiaries, net of income tax provision	0		0		0	0
Net loss attributable to noncontrolling interests	0		0		0	0
Net income attributable to The GEO Group, Inc.	40,560		30,539		59,891	49,068
Net income	40,560		30,539		59,891	49,068
Net current-period other comprehensive income (loss)	42		625		(605)	730
Total comprehensive income	40,602		31,164		59,286	49,798
Comprehensive loss attributable to noncontrolling interests	0		0		0	0
Comprehensive income attributable to The GEO Group, Inc.	40,602		31,164		59,286	49,798
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Consolidated Statements of Income and Comprehensive Income [Abstract]
Revenues	61,639		67,256		130,607	136,062
Operating expenses	51,453		56,534		106,053	111,702
Depreciation and amortization	845		1,054		1,711	2,077
General and administrative expenses	4,706		5,429		9,901	10,473
Operating income	4,635		4,239		12,942	11,810
Interest income	7,716		8,908		15,915	18,292
Interest expense	(6,450)		(8,407)		(14,202)	(17,073)
Loss on extinguishment of debt	(4,465)		0		(4,465)	0
Income before income taxes and equity in earnings of affiliates	1,436		4,740		10,190	13,029
Income tax provision	743		1,557		2,915	3,835
Equity in earnings of affiliates, net of income tax provision	1,821		2,341		4,417	4,336
Income before equity in income of consolidated subsidiaries	2,514		5,524		11,692	13,530
Income from consolidated subsidiaries, net of income tax provision	0		0		0	0
Net loss attributable to noncontrolling interests	78		96		134	163
Net income attributable to The GEO Group, Inc.	2,592		5,620		11,826	13,693
Net income	2,514		5,524		11,692	13,530
Net current-period other comprehensive income (loss)	4,612		(2,783)		7,507	(1,526)
Total comprehensive income	7,126		2,741		19,199	12,004
Comprehensive loss attributable to noncontrolling interests	73		117		129	176
Comprehensive income attributable to The GEO Group, Inc.	7,199		2,858		19,328	12,180
Eliminations
Consolidated Statements of Income and Comprehensive Income [Abstract]
Revenues	(179,618)		(160,899)		(361,191)	(319,146)
Operating expenses	(179,618)		(160,899)		(361,191)	(319,146)
Depreciation and amortization	0		0		0	0
General and administrative expenses	0		0		0	0
Operating income	0		0		0	0
Interest income	(5,348)		(5,094)		(9,964)	(10,973)
Interest expense	5,348		5,094		9,964	10,973
Loss on extinguishment of debt	0		0		0	0
Income before income taxes and equity in earnings of affiliates	0		0		0	0
Income tax provision	0		0		0	0
Equity in earnings of affiliates, net of income tax provision	0		0		0	0
Income before equity in income of consolidated subsidiaries	0		0		0	0
Income from consolidated subsidiaries, net of income tax provision	(43,074)		(36,063)		(71,583)	(62,598)
Net loss attributable to noncontrolling interests	0		0		0	0
Net income attributable to The GEO Group, Inc.	(43,074)		(36,063)		(71,583)	(62,598)
Net income	(43,074)		(36,063)		(71,583)	(62,598)
Net current-period other comprehensive income (loss)	0		0		0	0
Total comprehensive income	(43,074)		(36,063)		(71,583)	(62,598)
Comprehensive loss attributable to noncontrolling interests	0		0		0	0
Comprehensive income attributable to The GEO Group, Inc.	$ (43,074)		$ (36,063)		$ (71,583)	$ (62,598)

Condensed Consolidating Financial Information - Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 21,561		$ 31,255	$ 65,451
Restricted cash and cash equivalents	56,343		51,678
Accounts receivable, less allowance for doubtful accounts	394,720		445,526
Contract receivable, current portion	13,944		15,535
Prepaid expenses and other current assets	46,316		57,768
Total current assets	532,884		601,762
Restricted Cash and Investments	27,358		22,431
Property and Equipment, Net	2,148,225		2,158,610
Assets Held for Sale	4,607		2,634
Contract Receivable	365,208		368,178
Operating Lease Right-of-Use Assets, Net	132,016
Intercompany Receivable	0		0
Deferred Income Tax Assets	29,924		29,924
Goodwill	776,357		776,359
Intangible Assets, Net	221,222		232,360
Investment in Subsidiaries	0		0
Other Non-Current Assets	70,337		65,860
Total Assets	4,308,138		4,258,118
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	91,257		93,032
Accrued payroll and related taxes	71,369		76,009
Accrued expenses and other current liabilities	189,083		204,170
Operating lease liabilities, current portion	32,077
Current portion of finance lease liabilities, long-term debt and non-recourse debt	25,866		332,027
Total current liabilities	409,652		705,238
Deferred Income Tax Liabilities	13,681		13,681
Intercompany Payable	0		0
Other Non-Current Liabilities	81,812		82,481
Operating Lease Liabilities	102,844
Finance Lease Liabilities	3,779
Finance Lease Liabilities			4,570
Long-Term Debt	2,354,526		2,397,227
Non-Recourse Debt	320,306		15,017
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,022,266		1,040,503
Noncontrolling interests	(728)		(599)
Total shareholders’ equity	1,021,538	$ 1,026,904	1,039,904	$ 1,092,937	$ 1,138,572	$ 1,198,919
Total Liabilities and Shareholders’ Equity	4,308,138		4,258,118
Reportable Legal Entities \| The GEO Group, Inc.
Assets
Cash and cash equivalents	4,716		4,468
Restricted cash and cash equivalents	851		2,854
Accounts receivable, less allowance for doubtful accounts	163,184		190,594
Contract receivable, current portion	0		0
Prepaid expenses and other current assets	1,019		2,011
Total current assets	169,770		199,927
Restricted Cash and Investments	0		0
Property and Equipment, Net	841,260		845,291
Assets Held for Sale	705		705
Contract Receivable	0		0
Operating Lease Right-of-Use Assets, Net	24,754
Intercompany Receivable	965,511		990,365
Deferred Income Tax Assets	798		798
Goodwill	0		0
Intangible Assets, Net	0		0
Investment in Subsidiaries	1,479,372		1,503,841
Other Non-Current Assets	11,361		9,541
Total Assets	3,493,531		3,550,468
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	18,083		13,566
Accrued payroll and related taxes	0		0
Accrued expenses and other current liabilities	28,829		23,565
Operating lease liabilities, current portion	5,108
Current portion of finance lease liabilities, long-term debt and non-recourse debt	8,000		8,000
Total current liabilities	60,020		45,131
Deferred Income Tax Liabilities	0		0
Intercompany Payable	106,062		142,055
Other Non-Current Liabilities	2,362		1,395
Operating Lease Liabilities	20,199
Finance Lease Liabilities	0
Finance Lease Liabilities			0
Long-Term Debt	2,282,622		2,321,384
Non-Recourse Debt	0		0
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,022,266		1,040,503
Noncontrolling interests	0		0
Total shareholders’ equity	1,022,266		1,040,503
Total Liabilities and Shareholders’ Equity	3,493,531		3,550,468
Reportable Legal Entities \| Combined Subsidiary Guarantors
Assets
Cash and cash equivalents	0		7,873
Restricted cash and cash equivalents	0		0
Accounts receivable, less allowance for doubtful accounts	186,592		221,957
Contract receivable, current portion	0		0
Prepaid expenses and other current assets	37,478		50,482
Total current assets	224,070		280,312
Restricted Cash and Investments	25,708		21,009
Property and Equipment, Net	1,222,261		1,227,223
Assets Held for Sale	3,902		1,929
Contract Receivable	0		0
Operating Lease Right-of-Use Assets, Net	106,526
Intercompany Receivable	238,050		150,710
Deferred Income Tax Assets	27,928		27,928
Goodwill	775,954		775,955
Intangible Assets, Net	220,670		231,787
Investment in Subsidiaries	573,816		458,229
Other Non-Current Assets	116,819		115,695
Total Assets	3,535,704		3,290,777
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	67,982		72,128
Accrued payroll and related taxes	53,505		56,543
Accrued expenses and other current liabilities	132,868		168,231
Operating lease liabilities, current portion	26,622
Current portion of finance lease liabilities, long-term debt and non-recourse debt	1,550		2,017
Total current liabilities	282,527		298,919
Deferred Income Tax Liabilities	0		0
Intercompany Payable	1,086,737		989,856
Other Non-Current Liabilities	153,949		152,815
Operating Lease Liabilities	82,256
Finance Lease Liabilities	3,779
Finance Lease Liabilities			4,570
Long-Term Debt	0		0
Non-Recourse Debt	0		0
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	1,926,456		1,844,617
Noncontrolling interests	0		0
Total shareholders’ equity	1,926,456		1,844,617
Total Liabilities and Shareholders’ Equity	3,535,704		3,290,777
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Assets
Cash and cash equivalents	16,845		18,914
Restricted cash and cash equivalents	55,492		48,824
Accounts receivable, less allowance for doubtful accounts	41,825		44,377
Contract receivable, current portion	13,944		15,535
Prepaid expenses and other current assets	9,768		7,114
Total current assets	137,874		134,764
Restricted Cash and Investments	1,650		1,422
Property and Equipment, Net	84,704		86,096
Assets Held for Sale	0		0
Contract Receivable	365,208		368,178
Operating Lease Right-of-Use Assets, Net	736
Intercompany Receivable	25,732		22,407
Deferred Income Tax Assets	1,198		1,198
Goodwill	403		404
Intangible Assets, Net	552		573
Investment in Subsidiaries	2,189		2,190
Other Non-Current Assets	20,424		19,334
Total Assets	640,670		636,566
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	5,192		7,338
Accrued payroll and related taxes	17,864		19,466
Accrued expenses and other current liabilities	27,639		25,615
Operating lease liabilities, current portion	347
Current portion of finance lease liabilities, long-term debt and non-recourse debt	16,316		322,010
Total current liabilities	67,358		374,429
Deferred Income Tax Liabilities	13,681		13,681
Intercompany Payable	35,070		31,571
Other Non-Current Liabilities	3,768		6,981
Operating Lease Liabilities	389
Finance Lease Liabilities	0
Finance Lease Liabilities			0
Long-Term Debt	71,904		75,843
Non-Recourse Debt	320,306		15,017
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	128,922		119,643
Noncontrolling interests	(728)		(599)
Total shareholders’ equity	128,194		119,044
Total Liabilities and Shareholders’ Equity	640,670		636,566
Eliminations
Assets
Cash and cash equivalents	0		0
Restricted cash and cash equivalents	0		0
Accounts receivable, less allowance for doubtful accounts	3,119		(11,402)
Contract receivable, current portion	0		0
Prepaid expenses and other current assets	(1,949)		(1,839)
Total current assets	1,170		(13,241)
Restricted Cash and Investments	0		0
Property and Equipment, Net	0		0
Assets Held for Sale	0		0
Contract Receivable	0
Operating Lease Right-of-Use Assets, Net	0
Intercompany Receivable	(1,229,293)		(1,163,482)
Deferred Income Tax Assets	0		0
Goodwill	0		0
Intangible Assets, Net	0		0
Investment in Subsidiaries	(2,055,377)		(1,964,260)
Other Non-Current Assets	(78,267)		(78,710)
Total Assets	(3,361,767)		(3,219,693)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	0		0
Accrued payroll and related taxes	0		0
Accrued expenses and other current liabilities	(253)		(13,241)
Operating lease liabilities, current portion	0
Current portion of finance lease liabilities, long-term debt and non-recourse debt	0		0
Total current liabilities	(253)		(13,241)
Deferred Income Tax Liabilities	0		0
Intercompany Payable	(1,227,869)		(1,163,482)
Other Non-Current Liabilities	(78,267)		(78,710)
Operating Lease Liabilities	0
Finance Lease Liabilities	0
Finance Lease Liabilities			0
Long-Term Debt	0		0
Non-Recourse Debt	0		0
Commitments & Contingencies and Other
Shareholders' Equity:
The GEO Group, Inc. Shareholders' Equity	(2,055,378)		(1,964,260)
Noncontrolling interests	0		0
Total shareholders’ equity	(2,055,378)		(1,964,260)
Total Liabilities and Shareholders’ Equity	$ (3,361,767)		$ (3,219,693)

Condensed Consolidating Financial Information - Statement of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flow from Operating Activities:
Net cash provided by operating activities	$ 217,067	$ 180,253
Cash Flow from Investing Activities:
Proceeds from sale of assets held for sale	0	3,797
Insurance proceeds - damaged property	10,761	4,036
Proceeds from sale of property and equipment	304	1,717
Change in restricted investments	(4,816)	(1,490)
Capital expenditures	(55,410)	(107,064)
Net cash used in investing activities	(49,161)	(99,004)
Cash Flow from Financing Activities:
Proceeds from long-term debt	170,000	245,000
Payments on long-term debt	(213,926)	(134,000)
Payments on non-recourse debt	(326,942)	(7,490)
Proceeds from non-recourse debt	326,127	0
Taxes paid related to net share settlements of equity awards	(4,177)	(4,391)
Proceeds from issuance of common stock in connection with ESPP	252	264
Debt issuance costs	(9,937)	(990)
Proceeds from the exercise of stock options	1,077	1,372
Payment for repurchases of common stock	0	(70,446)
Dividends paid	(116,122)	(115,017)
Net cash used in financing activities	(173,648)	(85,698)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	824	(1,881)
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(4,918)	(6,330)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	84,472	133,545
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	79,554	127,215
The GEO Group, Inc.
Cash Flow from Operating Activities:
Net cash provided by operating activities	130,455	118,354
Cash Flow from Investing Activities:
Proceeds from sale of assets held for sale		0
Insurance proceeds - damaged property	0	0
Proceeds from sale of property and equipment	0	0
Change in restricted investments	0	0
Capital expenditures	(12,002)	(68,607)
Net cash used in investing activities	(12,002)	(68,607)
Cash Flow from Financing Activities:
Proceeds from long-term debt	170,000	245,000
Payments on long-term debt	(213,926)	(134,000)
Payments on non-recourse debt	0	0
Proceeds from non-recourse debt	0
Taxes paid related to net share settlements of equity awards	(4,177)	(4,391)
Proceeds from issuance of common stock in connection with ESPP	252	264
Debt issuance costs	(4,656)	(990)
Proceeds from the exercise of stock options	1,077	1,372
Payment for repurchases of common stock		(70,446)
Dividends paid	(116,122)	(115,017)
Net cash used in financing activities	(167,552)	(78,208)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	0	0
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(49,099)	(28,461)
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	54,666	54,666
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	5,567	26,205
Combined Subsidiary Guarantors
Cash Flow from Operating Activities:
Net cash provided by operating activities	31,924	37,087
Cash Flow from Investing Activities:
Proceeds from sale of assets held for sale		3,797
Insurance proceeds - damaged property	10,761	4,036
Proceeds from sale of property and equipment	112	0
Change in restricted investments	(4,816)	(1,490)
Capital expenditures	(42,804)	(36,998)
Net cash used in investing activities	(36,747)	(30,655)
Cash Flow from Financing Activities:
Proceeds from long-term debt	0	0
Payments on long-term debt	0	0
Payments on non-recourse debt	0	0
Proceeds from non-recourse debt	0
Taxes paid related to net share settlements of equity awards	0	0
Proceeds from issuance of common stock in connection with ESPP	0	0
Debt issuance costs	0	0
Proceeds from the exercise of stock options	0	0
Payment for repurchases of common stock		0
Dividends paid	0	0
Net cash used in financing activities	0	0
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	0	0
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	(4,823)	6,432
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	4,823	4,952
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	0	11,384
Combined Non-Guarantor Subsidiaries
Cash Flow from Operating Activities:
Net cash provided by operating activities	54,688	24,812
Cash Flow from Investing Activities:
Proceeds from sale of assets held for sale
Insurance proceeds - damaged property	0	0
Proceeds from sale of property and equipment	192	1,717
Change in restricted investments	0	0
Capital expenditures	(604)	(1,459)
Net cash used in investing activities	(412)	258
Cash Flow from Financing Activities:
Proceeds from long-term debt	0	0
Payments on long-term debt	0	0
Payments on non-recourse debt	(326,942)	(7,490)
Proceeds from non-recourse debt	326,127
Taxes paid related to net share settlements of equity awards	0	0
Proceeds from issuance of common stock in connection with ESPP	0	0
Debt issuance costs	(5,281)	0
Proceeds from the exercise of stock options	0	0
Payment for repurchases of common stock		0
Dividends paid	0	0
Net cash used in financing activities	(6,096)	(7,490)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	824	(1,881)
Net Decrease in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents	49,004	15,699
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period	24,983	73,927
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period	$ 73,987	$ 89,626

Subsequent Events (Details) - $ / shares		3 Months Ended		6 Months Ended
Subsequent Events (Details) - $ / shares	Jul. 09, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)		$ 0.48	$ 0.47	$ 0.96	$ 0.94
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)	$ 0.48