CoreCivic, Inc. Earnings Per Share Disclosure
Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CoreCivic, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted stock-based awards.
A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):
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For the Years Ended December 31, |
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2025 |
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2024 |
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2023 |
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NUMERATOR |
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Basic: |
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Net income |
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$ |
116,503 |
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$ |
68,868 |
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$ |
67,590 |
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Diluted: |
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Net income |
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$ |
116,503 |
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$ |
68,868 |
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$ |
67,590 |
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DENOMINATOR |
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Basic: |
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Weighted average common shares outstanding |
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107,028 |
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110,939 |
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113,798 |
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Diluted: |
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Weighted average common shares outstanding |
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107,028 |
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110,939 |
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113,798 |
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Effect of dilutive securities: |
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Restricted stock-based awards |
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740 |
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902 |
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852 |
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Weighted average shares and assumed |
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107,768 |
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111,841 |
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114,650 |
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BASIC EARNINGS PER SHARE |
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$ |
1.09 |
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$ |
0.62 |
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$ |
0.59 |
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DILUTED EARNINGS PER SHARE |
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$ |
1.08 |
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$ |
0.62 |
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$ |
0.59 |
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Historical Timeline
| Fiscal Year | Filed | |
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| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 25, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.