CoreCivic Investor Presentation Q4 2020
Reconciliation to Adjusted Diluted EPS
($ in thousands, except per share amounts)
Net income (loss) attributable to common stockholders
Non-controlling interest
Diluted net income (loss) attributable to common stockholders
December 31,
2020
September 30,
2020
($26,803)
$26,717
($26,803)
$26,717
For the Three Months Ended
June 30,
2020
$22,186
$22,186
March 31,
December 31,
2020
2019
$32,057
$41,974
1,181
$33,238
$41,974
Special Items:
Expenses associated with debt repayments and refinancing transactions
Expenses associated with mergers and acquisitions
Expenses associated with COVID-19
Expenses associated with changes in corporate tax structure
Deferred tax expense on Kansas lease structure
7,141
602
338
175
2,792
2,820
195
4,698
8,165
347
I
I
3,085
I
Start-up expenses
I
Contingent consideration for acquisition of businesses
Loss (gain) on sale of real estate assets, net of taxes
17,943
620
(1,570)
I
Asset impairments
47,570
805
(2,818)
11,717
I
536
Adjusted net income
$48,838
$34,090
$39,597
$37,197
$42,751
Weighted average common shares outstanding - basic
119,636
119,632
119,630
119,336
119,096
Effect of dilutive securities:
Stock options
Restricted stock-based awards
56
Non-controlling interest - operating partnership units
1,342
Weighted average shares and assumed conversions - diluted
121,034
6
1,342
120,980
2
1,342
120,974
47
1,342
120,725
144
119,240
Adjusted Earnings Per Basic Share
Adjusted Earnings Per Diluted Share
$0.41
$0.28
$0.33
$0.30
$0.36
$0.40
$0.28
$0.33
$0.30
$0.36
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