Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ References+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

REVENUE:

$ 1,757,221

$ 1,722,139

$ 1,660,760

Rental

2,664

2,204

2,557

Total Revenues

436,861

444,853

442,866

435,305

437,082

^[1]

432,137

^[1]

429,944

^[1]

425,180

^[1]

1,759,885

1,724,343

1,663,317

EXPENSES:

1,252,184

1,190,873

1,151,163

88,935

91,227

84,148

Costs and Expenses, Total

113,933

108,216

103,710

1,455,052

1,390,316

1,339,021

OPERATING INCOME

80,516

79,888

74,885

69,544

82,377

^[1]

80,905

^[1]

87,100

^[1]

83,645

^[1]

304,833

334,027

324,296

Expenses associated with debt refinancing transactions

58,363

72,940

71,127

2,099

(338)

304

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

60,124

73,244

71,168

244,709

260,783

253,128

Income tax expense

(87,586)

(97,017)

(94,765)

INCOME FROM CONTINUING OPERATIONS

157,123

163,766

158,363

(841)

^[1]

(107)

^[1]

(198)

^[1]

(110)

^[1]

(362)

(1,256)

(1,170)

$ 45,408

$ 42,339

$ 37,334

$ 31,680

$ 40,522

$ 39,240

$ 42,418

$ 40,330

$ 156,761

$ 162,510

$ 157,193

BASIC EARNINGS PER SHARE:

$ 1.58

$ 1.56

$ 1.41

$ (0.01)

$ 0.46

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.38

^[2]

$ 0.40

^[2]

$ 0.37

^[2]

$ 1.58

$ 1.55

$ 1.40

DILUTED EARNINGS PER SHARE:

$ 1.56

$ 1.55

$ 1.40

$ (0.01)

ORGANIZATION AND OPERATIONS

$ 0.45

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.37

^[2]

$ 0.39

^[2]

$ 0.37

^[2]

$ 1.56

$ 1.54

$ 1.39

DIVIDENDS PER SHARE

$ 0.20

$ 0.60

[1]	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.
[2]	The earnings per share amounts were favorably impacted by the reduction in CCA's weighted average shares outstanding resulting from share repurchases under CCA's share repurchase program.

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 156,761	$ 162,510	$ 157,193
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	113,933	108,931	106,273
Goodwill impairment			1,684
Amortization of debt issuance costs and other non-cash interest	4,316	4,331	4,250
Expenses associated with debt refinancing transactions	2,099
Deferred income taxes	5,761	19,321	26,203
Other expenses and non-cash items	1,084	1,559	645
Income tax benefit of equity compensation	(2,708)	(1,962)	(4,371)
Non-cash equity compensation	12,325	10,384	9,646
Changes in assets and liabilities, net:
Accounts receivable, prepaid expenses and other assets	12,189	46,941	(70,964)
Accounts payable, accrued expenses and other liabilities	(24,219)	(2,456)	21,049
Income taxes payable	1,715	1,517	3,907
Net cash provided by operating activities	283,256	351,076	255,515
CASH FLOWS FROM INVESTING ACTIVITIES:
Expenditures for facility acquisition, development and expansions	(30,424)	(125,682)	(101,820)
Expenditures for other capital improvements	(49,014)	(48,258)	(41,843)
Decrease in restricted cash		1,749
Proceeds from sale of assets	1,838	885	86
Increase in other assets	(4,027)	(2,248)	(1,875)
Payments received on direct financing lease and notes receivable	1,707	1,515	1,229
Net cash used in investing activities	(79,920)	(172,039)	(144,223)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt	888,500	383,623	171,167
Principal repayments of debt	(1,023,500)	(296,589)	(165,000)
Payment of debt issuance and other refinancing and related costs	(6,336)
Proceeds from exercise of stock options	4,933	2,137	6,601
Purchase and retirement of common stock	(2,808)	(239,847)	(148,830)
Income tax benefit of equity compensation	2,708	1,962	4,371
Dividends paid	(59,768)
Net cash used in financing activities	(196,271)	(148,714)	(131,691)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	7,065	30,323	(20,399)
CASH AND CASH EQUIVALENTS, beginning of year	55,832	25,509	45,908
CASH AND CASH EQUIVALENTS, end of year	62,897	55,832	25,509
Cash paid during the period for:
Interest (net of amounts capitalized of $1,057, $1,584, and $3,922 in 2012, 2011, and 2010, respectively)	66,943	71,002	69,121
Income taxes	$ 83,864	$ 70,341	$ 61,396

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 1,442,546	$ 1,160	$ 1,483,497	$ (42,111)
Beginning Balance (in shares) at Dec. 31, 2009		115,962
Net income	157,193			157,193
Issuance of common stock (in shares)		2
Issuance of common stock	47		47
Retirement of common stock (in shares)		(7,288)
Retirement of common stock	(148,952)	(73)	(148,879)
Restricted stock compensation, net of forfeitures (in shares)		(26)
Restricted stock compensation, net of forfeitures	5,508		5,508
Stock option compensation expense, net of forfeitures	4,091		4,091
Income tax benefit of equity compensation	3,837		3,837
Restricted stock grants (in shares)		293
Restricted stock grants		3	(3)
Stock options exercised (in shares)		811
Stock options exercised	6,601	8	6,593
Ending Balance at Dec. 31, 2010	1,470,871	1,098	1,354,691	115,082
Ending Balance (in shares) at Dec. 31, 2010		109,754
Net income	162,510			162,510
Issuance of common stock (in shares)		3
Issuance of common stock	51		51
Retirement of common stock (in shares)		(10,661)
Retirement of common stock	(239,725)	(107)	(239,618)
Restricted stock compensation, net of forfeitures (in shares)		(22)
Restricted stock compensation, net of forfeitures	6,123		6,123
Stock option compensation expense, net of forfeitures	4,210		4,210
Income tax benefit of equity compensation	1,845		1,845
Restricted stock grants (in shares)		186
Restricted stock grants		2	(2)
Stock options exercised (in shares)		268
Stock options exercised	2,137	2	2,135
Ending Balance at Dec. 31, 2011	1,408,022	995	1,129,435	277,592
Ending Balance (in shares) at Dec. 31, 2011		99,528
Net income	156,761			156,761
Issuance of common stock (in shares)		1
Issuance of common stock	29		29
Retirement of common stock (in shares)		(110)
Retirement of common stock	(2,808)	(1)	(2,807)
Dividends declared on common stock ($0.60 per share)	(60,222)			(60,222)
Restricted stock compensation, net of forfeitures (in shares)		(13)
Restricted stock compensation, net of forfeitures	7,635		7,635
Stock option compensation expense, net of forfeitures	4,661		4,661
Income tax benefit of equity compensation	2,609		2,609
Restricted stock grants (in shares)		333
Restricted stock grants		3	(3)
Stock options exercised (in shares)		366
Stock options exercised	4,933	4	4,929
Ending Balance at Dec. 31, 2012	$ 1,521,620	$ 1,001	$ 1,146,488	$ 374,131
Ending Balance (in shares) at Dec. 31, 2012		100,105

ORGANIZATION AND OPERATIONS

12 Months Ended

Dec. 31, 2012

1.	ORGANIZATION AND OPERATIONS

Corrections Corporation of America (together with its subsidiaries, the “Company” or “CCA”) is the nation’s largest owner of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently operates 67 correctional and detention facilities, including 47 facilities that it owns, with a total design capacity of approximately 92,500 beds in 20 states and the District of Columbia. CCA also owns two additional correctional facilities that it leases to third-party operators, one of which is currently vacant.

CCA specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, CCA’s facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to help reduce recidivism and to prepare inmates for their successful reentry into society upon their release. CCA also provides health care (including medical, dental and mental health services), food services, and work and recreational programs.

In February 2013, CCA received a favorable ruling from the IRS substantially in the form submitted, and announced that the Company had completed its analysis of the feasibility and potential benefits of converting to a real estate investment trust (“REIT”) and had completed the reorganization of its corporate structure to begin operating as a REIT for federal income tax purposes effective January 1, 2013.

Beginning in 2013, CCA will provide correctional services and conduct other business activities through one or more Taxable REIT Subsidiaries (“TRSs”). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax and certain qualification requirements. CCA’s use of TRSs enables the Company to continue to provide correctional services at facilities it owns and at facilities owned by its government partners and to engage in certain other business activities while complying with REIT qualification requirements. CCA’s use of TRSs also allows it to retain income generated by these TRSs for reinvestment without the requirement of distributing those earnings.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements include the accounts of CCA on a consolidated basis with its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.

Cash and Cash Equivalents

CCA considers all liquid debt instruments with a maturity of three months or less at the time of purchase to be cash equivalents.

Restricted Cash

Restricted cash at both December 31, 2012 and 2011 of $5.0 million is restricted for a capital improvements, replacements, and repairs reserve.

Accounts Receivable and Allowance for Doubtful Accounts

At December 31, 2012 and 2011, accounts receivable of $252.8 million and $269.7 million were net of allowances for doubtful accounts totaling $2.6 million and $1.2 million, respectively. Accounts receivable consist primarily of amounts due from federal, state, and local government agencies for the utilization of CCA’s correctional and detention facilities, as well as for operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services to such government agencies.

Accounts receivable are stated at estimated net realizable value. CCA recognizes allowances for doubtful accounts to ensure receivables are not overstated due to uncollectibility. Bad debt reserves are maintained for customers in the aggregate based on a variety of factors, including the length of time receivables are past due, significant one-time events and historical experience. If circumstances related to customers change, estimates of the recoverability of receivables would be further adjusted.

Property and Equipment

Property and equipment are carried at cost. Assets acquired by CCA in conjunction with acquisitions are recorded at estimated fair market value. Betterments, renewals and significant repairs that extend the life of an asset are capitalized; other repair and maintenance costs are expensed. Interest is capitalized to the asset to which it relates in connection with the construction or expansion of facilities. Preacquisition costs directly associated with the development of a correctional facility are capitalized as part of the cost of the development project. Preacquisition costs are written-off to general and administrative expense whenever a project is abandoned. The cost and accumulated depreciation applicable to assets retired are removed from the accounts and the gain or loss on disposition is recognized in income. Depreciation is computed over the estimated useful lives of depreciable assets using the straight-line method. Useful lives for property and equipment are as follows:


Land improvements			5 – 20 years
Buildings and improvements			5 – 50 years
Equipment and software			3 – 5 years
Office furniture and fixtures			5 years

Accounting for the Impairment of Long-Lived Assets Other Than Goodwill

Long-lived assets other than goodwill are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, impairment is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal and external appraisals, as applicable.

Goodwill

Goodwill represents the cost in excess of the net assets of businesses acquired in CCA’s managed-only segment. As further discussed in Note 3, goodwill is tested for impairment at least annually using a fair-value based approach.

Investment in Direct Financing Lease

Investment in direct financing lease represents the portion of CCA’s management contract with a governmental agency that represents lease payments on buildings and equipment. The lease is accounted for using the financing method and, accordingly, the minimum lease payments to be received over the term of the lease less unearned income are capitalized as CCA’s investment in the lease. Unearned income is recognized as income over the term of the lease using the interest method.

Investment in Affiliates

Investments in affiliates that are equal to or less than 50%-owned over which CCA can exercise significant influence are accounted for using the equity method of accounting.

Debt Issuance Costs

Generally, debt issuance costs, which are included in other assets in the consolidated balance sheets, are capitalized and amortized into interest expense using the interest method, or on a straight-line basis over the term of the related debt, if not materially different than the interest method. However, certain debt issuance costs incurred in connection with debt refinancings are charged to expense in accordance with Accounting Standards Codification (“ASC”) 470-50, “Modifications and Extinguishments.”

Management and Other Revenue

CCA maintains contracts with certain governmental entities to manage their facilities for fixed per diem rates. CCA also maintains contracts with various federal, state, and local governmental entities for the housing of inmates in company-owned facilities at fixed per diem rates or monthly fixed rates. These contracts usually contain expiration dates with renewal options ranging from annual to multi-year renewals. Most of these contracts have current terms that require renewal every two to five years. Additionally, most facility management contracts contain clauses that allow the government agency to terminate a contract without cause, and are generally subject to legislative appropriations. CCA generally expects to renew these contracts for periods consistent with the remaining renewal options allowed by the contracts or other reasonable extensions; however, no assurance can be given that such renewals will be obtained. Fixed monthly rate revenue is recorded in the month earned and fixed per diem revenue, including revenue under those contracts that include guaranteed minimum populations, is recorded based on the per diem rate multiplied by the number of inmates housed or guaranteed during the respective period.

CCA recognizes any additional management service revenues upon completion of services provided to the customer. Certain of the government agencies also have the authority to audit and investigate CCA’s contracts with them. For contracts that actually or effectively provide for certain reimbursement of expenses, if the agency determines that CCA has improperly allocated costs to a specific contract, CCA may not be reimbursed for those costs and could be required to refund the amount of any such costs that have been reimbursed. The reimbursement of expenses is recognized as a reduction to expense in the period the expenses are incurred by CCA. There were no material adverse audit findings during any of the periods presented.

Other revenue consists primarily of ancillary revenues associated with operating correctional and detention facilities, such as commissary, phone, and vending sales, and are recorded in the period the goods and services are provided. Revenues generated from prisoner transportation services for governmental agencies are recorded in the period the inmates have been transported to their destination. Design and construction management fees earned from governmental agencies for certain expansion and development projects at managed-only facilities operated by CCA are recorded based on a percentage of completion of the construction project.

Rental Revenue

Rental revenue is recognized based on the terms of CCA’s leases.

Self-Funded Insurance Reserves

CCA is significantly self-insured for employee health, workers’ compensation, automobile liability claims, and general liability claims. As such, CCA’s insurance expense is largely dependent on claims experience and CCA’s ability to control its claims experience. CCA has consistently accrued the estimated liability for employee health insurance based on its history of claims experience and time lag between the incident date and the date the cost is paid by CCA. CCA has accrued the estimated liability for workers’ compensation and automobile insurance based on an actuarially determined liability, discounted to the net present value of the outstanding liabilities, using a combination of actuarial methods used to project ultimate losses. The liability for employee health, workers’ compensation, and automobile insurance includes estimates for both claims incurred and for claims incurred but not reported. CCA records litigation reserves related to general liability matters for which it is probable that a loss has been incurred and the range of such loss can be estimated. These estimates could change in the future.

Income Taxes

Income taxes are accounted for under the provisions of ASC 740, “Income Taxes”. ASC 740 generally requires CCA to record deferred income taxes for the tax effect of differences between book and tax bases of its assets and liabilities.

Deferred income taxes reflect the available net operating losses and the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Realization of the future tax benefits related to deferred tax assets is dependent on many factors, including CCA’s past earnings history, expected future earnings, the character and jurisdiction of such earnings, unsettled circumstances that, if unfavorably resolved, would adversely affect utilization of its deferred tax assets, carryback and carryforward periods, and tax strategies that could potentially enhance the likelihood of realization of a deferred tax asset. See Note 11 for a further description of the impact expected as a result of CCA’s intention to convert to a REIT.

Income tax contingencies are accounted for under the provisions of ASC 740, “Income Taxes”. ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.

Foreign Currency Transactions

CCA has extended a working capital loan to Agecroft Prison Management, Ltd. (“APM”), the operator of a correctional facility in Salford, England previously owned by a subsidiary of CCA. The working capital loan is denominated in British pounds; consequently, CCA adjusts these receivables to the current exchange rate at each balance sheet date and recognizes the unrealized currency gain or loss in current period earnings. See Note 6 for further discussion of CCA’s relationship with APM.

Fair Value of Financial Instruments

To meet the reporting requirements of ASC 825, “Financial Instruments”, CCA calculates the estimated fair value of financial instruments using market interest rates and quoted market prices of similar instruments or discounted cash flow techniques with observable Level 2 inputs, as defined in ASC 820, “Fair Value Measurement”. At December 31, 2012 and 2011, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands):


	December 31,
	2012						2011
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Investment in direct financing lease	$	9,233		$	10,852		$	10,798		$	12,613
Note receivable from APM	$	4,819		$	8,678		$	4,749		$	7,825
Debt	$	(1,111,545	)	$	(1,152,550	)	$	(1,245,014	)	$	(1,302,550	)

Use of Estimates in Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates and those differences could be material.

Concentration of Credit Risks

CCA’s credit risks relate primarily to cash and cash equivalents, restricted cash, accounts receivable, and an investment in a direct financing lease. Cash and cash equivalents and restricted cash are primarily held in bank accounts and overnight investments. CCA maintains deposits of cash in excess of federally insured limits with certain financial institutions. CCA’s accounts receivable and investment in direct financing lease represent amounts due primarily from governmental agencies. CCA’s financial instruments are subject to the possibility of loss in carrying value as a result of either the failure of other parties to perform according to their contractual obligations or changes in market prices that make the instruments less valuable.

CCA derives its revenues primarily from amounts earned under federal, state, and local government management contracts. For each of the years ended December 31, 2012, 2011 and 2010, federal correctional and detention authorities represented 43% of CCA’s total revenue. Federal correctional and detention authorities consist primarily of the Federal Bureau of Prisons (“BOP”), the United States Marshals Service (“USMS”), and the U.S. Immigration and Customs Enforcement (“ICE”). The BOP accounted for 12%, 12%, and 15% of total revenue for 2012, 2011, and 2010, respectively. The USMS accounted for 19%, 20%, and 16% of total revenue for 2012, 2011, and 2010, respectively. ICE accounted for 12% of total revenue for each of 2012, 2011, and 2010. These federal customers have management contracts at facilities CCA owns and at facilities CCA manages but does not own. Additionally, CCA’s management contracts with state correctional authorities represented 50% of total revenue during each of the years ended December 31, 2012, 2011, and 2010, respectively. The State of California Department of Corrections and Rehabilitation (the “CDCR”) accounted for 12%, 13%, and 13% of total revenue for the years ended December 31, 2012, 2011, and 2010, respectively. No other customer generated more than 10% of total revenue during 2012, 2011, or 2010. Although the revenue generated from each of these agencies is derived from numerous management contracts, the loss of one or more of such contracts could have a material adverse impact on CCA’s financial condition and results of operations.

Comprehensive Income

In June 2011, FASB issued Accounting Standards Update (“ASU”) No. 2011-05, “Presentation of Comprehensive Income”, which amended the disclosure and presentation requirements of Comprehensive Income. Specifically, FASB ASU No. 2011-05 requires that all nonowner changes in stockholders’ equity be presented either in 1) a single continuous statement of comprehensive income or 2) two separate but consecutive statements, in which the first statement presents total net income and its components, and the second statement presents total other comprehensive income and its components. The ASU does not change the items that are required to be reported in other comprehensive income. The ASU was effective for interim and annual periods beginning after December 15, 2011, and has been applied retrospectively. This ASU did not have any impact on the Company’s results of operations or financial position as the Company has no items of comprehensive income.

Accounting for Stock-Based Compensation

Restricted Stock

CCA accounts for restricted stock-based compensation under the recognition and measurement principles of ASC 718, “Compensation-Stock Compensation”. CCA amortizes the fair market value as of the grant date of restricted stock awards over the vesting period using the straight-line method. The fair market value of performance-based restricted stock is amortized over the vesting period as long as CCA expects to meet the performance criteria. If achievement of the performance criteria becomes improbable, an adjustment is made to reverse the expense previously recognized.

Stock Options

CCA’s stock option plans are described more fully in Note 13. CCA accounts for those plans under the recognition and measurement principles of ASC 718. All options granted under those plans had an exercise price equal to the market value of the underlying common stock on the date of grant.

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

GOODWILL

12 Months Ended

Dec. 31, 2012

GOODWILL

3.	GOODWILL

Goodwill for continuing operations was $12.0 million as of December 31, 2012 and 2011 and was associated with facilities CCA manages but does not own. This goodwill was established in connection with the acquisitions of two service companies during 2000. ASC 350, “Intangibles-Goodwill and Other”, establishes accounting and reporting requirements for goodwill and other intangible assets. In September 2011, CCA early adopted the Financial Accounting Standards Board’s Accounting Standards Update (“ASU”) 2011-08 that gives companies the option to perform a qualitative assessment that may allow them to skip the annual two-step impairment test. Under the amendments in ASU 2011-08, a company has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. If the two-step impairment test is required, CCA determines the fair value of a reporting unit using a collaboration of various common valuation techniques, including market multiples and discounted cash flows. These impairment tests are required to be performed at least annually. CCA performed its impairment tests during the fourth quarter, in connection with CCA’s annual budgeting process, and concluded no additional impairments had occurred. CCA will perform these impairment tests at least annually and whenever circumstances indicate the carrying value of goodwill may not be recoverable.

During the second quarter of 2010, a goodwill impairment charge of $1.7 million was recorded as a result of the contract terminations at the Gadsden Correctional Institution and the Hernando County Jail as further described in Note 12. The operations of these two facilities were transferred to other operators during the third quarter of 2010 and are reported as discontinued operations for all periods presented.

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

PROPERTY AND EQUIPMENT

4.	PROPERTY AND EQUIPMENT

At December 31, 2012, CCA owned 51 real estate properties, including 49 correctional and detention facilities, two of which CCA leased to other operators (one of which is currently vacant), and two corporate office buildings. At December 31, 2012, CCA also managed 20 correctional and detention facilities owned by governmental agencies.

Property and equipment, at cost, consists of the following (in thousands):


	December 31,
	2012			2011
Land and improvements	$	122,258		$	119,171
Buildings and improvements		3,036,018			2,958,044
Equipment and software		318,314			301,786
Office furniture and fixtures		30,805			30,251
Construction in progress		60,572			99,408

		3,567,967			3,508,660
Less: Accumulated depreciation		(999,176	)		(899,920	)

	$	2,568,791		$	2,608,740

Construction in progress primarily consists of correctional facilities under construction or expansion. Interest is capitalized on construction in progress and amounted to $1.1 million, $1.6 million, and $3.9 million in 2012, 2011, and 2010, respectively.

Depreciation expense was $114.1 million, $108.4 million, and $106.1 million for the years ended December 31, 2012, 2011, and 2010, respectively.

Eleven of the facilities owned by CCA are or will be subject to options that allow various governmental agencies to purchase those facilities. Certain of these options to purchase are based on a depreciated book value while others are based on a fair market value calculation. In addition, two facilities, one of which is also subject to a purchase option, are constructed on land that CCA leases from governmental agencies under ground leases. Under the terms of those ground leases, the facilities become the property of the governmental agencies upon expiration of the ground leases. CCA depreciates these properties over the shorter of the term of the applicable ground lease or the estimated useful life of the property.

CCA leases portions of the land and building of the San Diego Correctional Facility under an operating lease that expires December 2015 pursuant to amended lease terms executed between CCA and the County of San Diego in January 2010. CCA also leases land and building at the Elizabeth Detention Center under operating leases that expire June 2015. CCA also leases the land and building at the North Georgia Detention Center under an operating lease that was recently amended in June 2012 and expires in 2027. The rental expense incurred for these leases was $4.7 million, $6.2 million, and $6.2 million for the years ended December 31, 2012, 2011, and 2010, respectively. Future minimum lease payments as of December 31, 2012 under these operating leases are as follows:


2013	$	4,919
2014		4,929
2015		3,547
2016		825
2017		825
Thereafter		7,425

In December 2009, CCA entered into an Economic Development Agreement with the Wheeler County Development Authority (“Wheeler County”) in Wheeler County, Georgia to implement a tax abatement plan related to CCA’s bed expansion project at its Wheeler Correctional Facility. The tax abatement plan provides for 50% abatement of real property taxes for six years. Under the plan, legal title of CCA’s real property was transferred to Wheeler County. In December 2009, Wheeler County issued bonds in a maximum principal amount of $30.0 million. The bonds were issued to CCA, so no cash exchanged hands. Wheeler County then leased the real property back to CCA. The lease payments are equal to the amount of the payments on the bonds. At any time, CCA has the option to purchase the real property by paying off the bonds, plus $100. Due to the form of the transaction, CCA has not recorded the bond or the capital lease associated with sale lease-back transaction. The original cost of CCA’s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life.

In December 2009, CCA also entered into an Economic Development Agreement with the Douglas-Coffee County Industrial Authority (“Coffee County”) in Coffee County, Georgia to implement a tax abatement plan related to CCA’s bed expansion project at its Coffee Correctional Facility. The tax abatement plan provides for 100% abatement of real property taxes for five years. Under the plan, legal title of CCA’s real property was transferred to Coffee County. In December 2009, Coffee County issued bonds in a maximum principal amount of $33.0 million. The bonds were issued to CCA, so no cash exchanged hands. Coffee County then leased the real property back to CCA. The lease payments are equal to the amount of the payments on the bonds. At any time, CCA has the option to purchase the real property by paying off the bonds, plus $100. Due to the form of the transaction, CCA has not recorded the bond or the capital lease associated with sale lease-back transaction. The original cost of CCA’s property and equipment is recorded on the balance sheet and is being depreciated over its estimated useful life.

FACILITY ACTIVATIONS, DEVELOPMENTS, AND CLOSURES

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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FACILITY ACTIVATIONS, DEVELOPMENTS, AND CLOSURES

12 Months Ended

Dec. 31, 2012

5.	FACILITY ACTIVATIONS, DEVELOPMENTS, AND CLOSURES

In February 2008, CCA announced its intention to construct a new correctional facility in Trousdale County, Tennessee. However, during the first quarter of 2009 CCA suspended the construction of this facility until there is greater clarity around the timing of future bed absorption by its customers. CCA continues to monitor its customers’ needs, and could promptly resume construction of the facility. As of December 31, 2012, CCA has capitalized $29.0 million related to the Trousdale facility, including $0.6 million in equipment and $15.2 million of pre-fabricated concrete cells that are constructed and being stored on this site but are generally transferable to other potential CCA development projects.

In late January 2012, the governor of Kentucky submitted his proposed budget, which included the transfer of the inmates currently held at one of CCA’s facilities to a facility owned by the state of Kentucky that had previously been closed. During 2012, the Kentucky Department of Corrections completed the removal of the inmates previously housed in the 656-bed Otter Creek Correctional Center, a facility CCA owns in Wheelwright, Kentucky, and CCA subsequently idled the facility. The Otter Creek facility is subject to a deed of conveyance with the City of Wheelwright that includes a provision, among others, that would allow assumption of ownership of the facility by the City of Wheelwright if CCA ceases to operate the facility for more than two years. CCA is currently pursuing various customers to utilize the facility.

In June 2012, CCA received notification from the lessor of a non-secure educational facility CCA owns in Houston, Texas that the lessor was no longer able to continue making payments under the lease, resulting in a default under the lease agreement. During the third quarter of 2012, CCA reached a settlement with the lessor for damages due CCA under the defaulted lease agreement that required the lessor to pay $1.0 million in satisfaction of future lease obligations. CCA is marketing this facility to other potential customers for either a lease or a sale transaction.

During 2010, CCA idled the 1,600-bed Prairie Correctional Facility, the 752-bed Huerfano County Correctional Center, and its 2,160-bed Diamondback Correctional Facility due to excess capacity within the states of Minnesota, Washington, and Arizona allowing those states to phase out the utilization of private sector beds at that time. Additionally, CCA owns the Queensgate Correctional Facility in Ohio and Shelby Training Center in Tennessee that were both idled in 2008. All such facilities are currently available for use to potential customers. The carrying values of CCA’s seven idled facilities totaled $132.1 million and $137.0 million as of December 31, 2012 and December 31, 2011, respectively, excluding equipment and other assets that could generally be transferred and used at other facilities CCA owns without significant cost. CCA tested each of the aforementioned seven facilities for impairment when it was notified by the respective customers that they would no longer be utilizing such facility. CCA updates the impairment analyses on an annual basis for each of the idled facilities and for the suspended construction project in Trousdale County, Tennessee, and evaluates on a quarterly basis market developments for the potential utilization of each of these facilities in order to identify events that may cause CCA to reconsider its most recent assumptions. As a result of CCA’s analyses, CCA determined each of these assets to have recoverable values in excess of the corresponding carrying values.

CCA commenced development of the new Jenkins Correctional Center in Georgia during the third quarter of 2010, pursuant to a construction and management contract awarded to CCA by the Georgia Department of Corrections in September 2010 to manage up to 1,150 male inmates. Construction was completed during the first quarter of 2012 at a total cost of approximately $51.0 million. The contract has an initial one-year base term with 24 one-year renewal options. Additionally, the contract provides for a population guarantee of 90% of the contracted beds which commenced in July 2012 following a 120-day ramp-up period. The Georgia Department of Corrections began transferring inmates into the facility in March 2012 and as of December 31, 2012, the facility housed approximately 1,130 inmates.

In September 2011, CCA announced that it entered into a contract with the state of Ohio to purchase the 1,798-bed Lake Erie Correctional Institution located in Conneaut, Ohio. In December 2011, CCA completed the purchase of the Lake Erie facility, which was constructed in 1999, for a purchase price of approximately $73.0 million. CCA also entered into a management contract to manage state of Ohio inmates at this facility, which commenced on January 1, 2012 and has an initial term of twenty years with unlimited renewal options subject to appropriations and mutual agreement. The management contract also provides a guaranteed occupancy of 90% of the contracted beds which commenced in March 2012 following a transition period.

In order to retain federal inmate populations CCA currently manages in the 1,154-bed San Diego Correctional Facility, CCA will be required to construct a new facility in the future at a site it is currently developing. The existing San Diego Correctional Facility is subject to a ground lease with the County of San Diego. Under the provisions of the lease, the facility is divided into different premises whereby, pursuant to an amendment to the ground lease executed in January 2010, ownership of the entire facility reverts to the County upon expiration of the lease on December 31, 2015. As of December 31, 2012, CCA has invested approximately $48.7 million to acquire property, conduct environmental studies, obtain building permits, and complete various other design activities related to the new facility. CCA has developed plans to build a detention facility and a construction timeline that coincides with the expiration of the ground lease with the County of San Diego. CCA plans to use this new facility to house the existing federal inmate populations at the San Diego Correctional Facility. However, CCA can provide no assurance that it will be able to retain these inmate populations.

In September 2012, CCA announced that it was awarded a new management contract from the Arizona Department of Corrections to house up to 1,000 medium-security inmates at its 1,596-bed Red Rock Correctional Center in Arizona. The new management contract contains an initial term of ten years, with two five-year renewal options upon mutual agreement and provides an occupancy guarantee of 90% of the contracted beds, which is expected to be implemented in two phases. CCA expects to begin receiving approximately 500 inmates from Arizona beginning in January of 2014 and an additional 500 inmates in 2015. Additionally, the contract provides the state of Arizona with an option to purchase the Red Rock facility at any time during the term of the contract, including extension options, based on an amortization schedule starting with the fair market value and decreasing evenly to zero over the twenty-year term. In order to prepare the Red Rock facility to house Arizona inmates under this contract, CCA expects to incur approximately $20.0 million in capital improvements for certain physical plant modifications. CCA currently manages approximately 1,500 inmates for the state of California at its Red Rock facility. CCA expects to begin working with Arizona and California in 2013 to determine the most desirable time to transfer California populations from the Red Rock facility. To the extent California needs replacement capacity, the contract with the state of California provides flexibility to utilize other beds in CCA’s system upon mutual agreement.

INVESTMENT IN AFFILIATE

12 Months Ended

Dec. 31, 2012

INVESTMENT IN AFFILIATE

6.	INVESTMENT IN AFFILIATE

CCA has determined that its joint venture investment in APM represents a variable interest entity (“VIE”) in accordance with ASC 810, “Consolidation” of which CCA is not the primary beneficiary. CCA has a 50% ownership interest in APM, an entity holding the management contract for a correctional facility, HM Prison Forest Bank, under a 25-year prison management contract with an agency of the United Kingdom government. The Forest Bank facility, located in Salford, England, was previously constructed and owned by a wholly-owned subsidiary of CCA, which was sold in April 2001. All gains and losses under the joint venture are accounted for using the equity method of accounting. During 2000, CCA extended a working capital loan to APM, which has an outstanding balance of $4.8 million as of December 31, 2012. The outstanding working capital loan represents CCA’s maximum exposure to loss in connection with APM.

For the years ended December 31, 2012, 2011, and 2010 equity in earnings (losses) of joint venture was $323,000, $(134,000), and $18,000, respectively, which is included in other (income) expense in the consolidated statements of operations. Because CCA’s investment in APM has no carrying value, equity in the net deficit of APM is applied as a reduction to the net carrying value of the note receivable balance, which is included in other assets in the accompanying consolidated balance sheets.

INVESTMENT IN DIRECT FINANCING LEASE

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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INVESTMENT IN DIRECT FINANCING LEASE

12 Months Ended

Dec. 31, 2012

7.	INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2012, CCA’s investment in a direct financing lease represents net receivables under a building and equipment lease between CCA and the District of Columbia for the D.C. Correctional Treatment Facility.

A schedule of minimum rentals to be received under the direct financing lease in future years is as follows (in thousands):


2013	$	2,793
2014		2,793
2015		2,793
2016		2,793
2017		694

Total minimum obligation		11,866
Less unearned interest income		(2,633	)
Less current portion of direct financing lease		(1,766	)

Investment in direct financing lease	$	7,467

During the years ended December 31, 2012, 2011, and 2010, CCA recorded interest income of $1.2 million, $1.4 million, and $1.6 million, respectively, under this direct financing lease.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2012

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9.	ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following (in thousands):


	December 31,
	2012		2011
Trade accounts payable	$	46,662	$	45,447
Accrued salaries and wages		42,443		49,802
Accrued workers’ compensation and auto liability		8,455		8,092
Accrued litigation		8,795		11,221
Accrued employee medical insurance		10,480		10,353
Accrued property taxes		24,434		23,405
Accrued interest		3,509		14,270
Other		21,222		33,136

	$	166,000	$	195,726

The total liability for workers’ compensation and auto liability was $23.5 million and $22.3 million as of December 31, 2012 and 2011, respectively, with the long-term portion included in other long-term liabilities in the accompanying consolidated balance sheets. These liabilities were discounted to the net present value of the outstanding liabilities using a 3.0% rate in 2012 and 2011. These liabilities amounted to $26.3 million and $25.0 million on an undiscounted basis as of December 31, 2012 and 2011, respectively.

DEBT

12 Months Ended

Dec. 31, 2012

DEBT

10.

DEBT

Debt consists of the following (in thousands):


	December 31,
	2012		2011
Revolving Credit Facility, principal due at maturity in December 2016; interest payable periodically at variable interest rates. The weighted average rate at December 31, 2012 and 2011 was 1.7% and 1.0%, respectively.	$	655,000	$	265,000

6.25% Senior Notes, principal due at maturity in March 2013; interest payable semi-annually in March and September at 6.25%. These notes were redeemed in 2012, as further described hereafter.		—		375,000

6.75% Senior Notes, principal due at maturity in January 2014; interest payable semi-annually in January and July at 6.75%. These notes were redeemed in 2012, as further described hereafter.		—		150,000

7.75% Senior Notes, principal due at maturity in June 2017; interest payable semi-annually in June and December at 7.75%. These notes were issued with a $13.4 million discount, of which $8.5 million and $10.0 million was unamortized at December 31, 2012 and 2011, respectively.		456,545		455,014

	$	1,111,545	$	1,245,014

Revolving Credit Facility. During December 2007, CCA entered into a $450.0 million senior secured revolving credit facility (the “Revolving Credit Facility”). The Revolving Credit Facility was utilized to fund expansion and development projects, the stock repurchase program as further described in Note 13, working capital, capital expenditures, and general corporate purposes.

During January 2012, CCA entered into an amended and restated $785.0 million senior secured revolving credit facility (the “Amended Revolving Credit Facility”). CCA capitalized approximately $6.0 million of new costs associated with the issuance of the Amended Revolving Credit Facility and incurred a charge of $0.1 million during the first quarter of 2012 for the write-off of loan costs associated with the previous Revolving Credit Facility.

The Amended Revolving Credit Facility has an aggregate principal capacity of $785.0 million and matures in December 2016. At CCA’s option, interest on outstanding borrowings of the Amended Revolving Credit Facility is based on either a base rate plus a margin ranging from 0.25% to 1.0% or a London Interbank Offered Rate (“LIBOR”) plus a margin of 1.25% to 2.0% based on CCA’s leverage ratio. Based on CCA’s current leverage ratio, loans under the Amended Revolving Credit Facility currently bear interest at the base rate plus a margin of 0.50% or at LIBOR plus a margin of 1.50%, and a commitment fee equal to 0.30% of the unfunded balance.

The Amended Revolving Credit Facility has a $30.0 million sublimit for swing line loans that enables CCA to borrow from the Administrative Agent without advance notice at the base rate. The Amended Revolving Credit Facility also has a $100.0 million sublimit for the issuance of standby letters of credit. As of December 31, 2012, CCA had $655.0 million in borrowings outstanding under the Amended Revolving Credit Facility as well as $26.0 million in letters of credit outstanding, resulting in $104.0 million being available under the Amended Revolving Credit Facility.

The Amended Revolving Credit Facility is secured by a pledge of all of the capital stock of CCA’s domestic subsidiaries, 65% of the capital stock of CCA’s foreign subsidiaries, all of CCA’s accounts receivable, and all of CCA’s deposit accounts.

The Amended Revolving Credit Facility requires CCA to meet certain financial covenants, including, without limitation, a maximum total leverage ratio, a maximum secured leverage ratio, and a minimum interest coverage ratio. As of December 31, 2012, CCA was in compliance with all such covenants. In addition, the Amended Revolving Credit Facility contains certain covenants which, among other things, limits both the incurrence of additional indebtedness, investments, payment of dividends, transactions with affiliates, asset sales, acquisitions, capital expenditures, mergers and consolidations, prepayments and modifications of other indebtedness, liens and encumbrances and other matters customarily restricted in such agreements. The Amended Revolving Credit Facility is subject to acceleration upon the occurrence of a change of control. In addition, the Amended Revolving Credit Facility is subject to certain cross-default provisions with terms of CCA’s other indebtedness.

6.25% Senior Notes. Interest on the $375.0 million aggregate original principal amount of CCA’s 6.25% unsecured senior notes issued in March 2005 (the “6.25% Senior Notes”) accrued at the stated rate and was payable on March 15 and September 15 of each year. The 6.25% Senior Notes were originally scheduled to mature on March 15, 2013.

In conjunction with the announcement in December 2011 of the Amended Revolving Credit Facility, CCA announced a cash tender offer for up to $150.0 million of its outstanding 6.25% Senior Notes. Holders who validly tendered their 6.25% Senior Notes before the early tender deadline on January 5, 2012 were entitled to receive total consideration equal to $1,002.50 per $1,000 principal amount of the 6.25% Senior Notes, plus any accrued and unpaid interest on the 6.25% Senior Notes up to, but not including, the payment date. On January 6, 2012, CCA completed a cash tender for $57.5 million principal amount of the 6.25% Senior Notes. Following the expiration of the tender offer, CCA announced it would redeem $277.5 million of the 6.25% Senior Notes to reduce the outstanding principal amount of the 6.25% Senior Notes to $40.0 million following the purchase and redemption. CCA incurred a charge of approximately $1.4 million during the first quarter of 2012 in connection with the purchase and redemption of $335.0 million of the 6.25% Senior Notes.

In March 2012, CCA announced its election to call for redemption on April 16, 2012 the remaining $40.0 million in aggregate principal amount of the 6.25% Senior Notes. The April 2012 redemption of the 6.25% Senior Notes was at a redemption price equal to 100% of the principal amount, together with accrued and unpaid interest through (but not including) the redemption date. CCA incurred an additional charge of $0.1 million during the second quarter of 2012 primarily to write-off the remaining loan costs associated with the 6.25% Senior Notes.

6.75% Senior Notes. Interest on the $150.0 million aggregate original principal amount of CCA’s 6.75% unsecured senior notes issued in January 2006 (the “6.75% Senior Notes”) accrued at the stated rate and was payable on January 31 and July 31 of each year. The 6.75% Senior Notes were originally scheduled to mature on January 31, 2014.

During 2012, CCA redeemed the full $150.0 million aggregate principal amount of 6.75% Senior Notes on three separate dates: $60.0 million on June 14, 2012, $50.0 million on August 27, 2012, and $40.0 million on December 19, 2012. The redemptions were each at a redemption price equal to 100% of the principal amount, together with accrued and unpaid interest through (but not including) the redemption date. CCA incurred aggregate charges of $0.5 million during 2012 primarily to write-off the loan costs associated with the 6.75% Senior Notes.

7.75% Senior Notes. Interest on the $465.0 million aggregate principal amount of CCA’s 7.75% unsecured senior notes issued in June 2009 (the “7.75% Senior Notes”) accrues at the stated rate and is payable on June 1 and December 1 of each year. The 7.75% Senior Notes are scheduled to mature on June 1, 2017. The 7.75% Senior Notes were issued at a price of 97.116%, resulting in a yield to maturity of 8.25%. CCA may redeem all or a portion of the notes on or after June 1, 2013. Redemption prices are set forth in the indenture governing the 7.75% Senior Notes.

Guarantees and Covenants. The Company transferred the real property and related assets of CCA (as the parent corporation) to certain of its subsidiaries effective December 27, 2002. Accordingly, CCA (as the parent corporation to its subsidiaries) had no independent assets or operations (as defined under Rule 3-10(f) of Regulation S-X). As part of the Company’s internal legal reorganization to prepare to elect REIT status on January 1, 2013, as further described herein, the Company transferred certain real estate assets and contacts from certain of its subsidiaries effective December 31, 2012 to CCA (as the parent company). Accordingly, CCA (as the parent corporation to its subsidiaries) which heretofore had no independent assets or operations (as defined under Rule 3-10(f) of Regulation S-X ) maintains its own independent assets as of December 31, 2012. Accordingly, CCA has provided the condensed consolidating financial information in Note 18 to these consolidated financial statements in accordance with the requirements of Rule 3-10(f) of Regulation S-X effective as of January 1, 2012, but have not provided any comparative information for prior periods. All of the parent corporation’s domestic subsidiaries have provided full and unconditional guarantees of the 7.75 % Senior Notes. Each of CCA’s subsidiaries guaranteeing the 7.75% Senior Notes are 100% owned subsidiaries of CCA; the subsidiary guarantees are full and unconditional and are joint and several obligations of the guarantors; and all non-guarantor subsidiaries are minor (as defined in Rule 3-10(h)(6) of Regulation S-X). These guarantees were also applicable to the 6.25% Senior Notes and 6.75% Senior Notes prior to redemptions.

As of December 31, 2012, neither CCA nor any of its subsidiary guarantors had any material or significant restrictions on CCA’s ability to obtain funds from its subsidiaries by dividend or loan or to transfer assets from such subsidiaries.

The indentures governing the 7.75% Senior Notes contain certain customary covenants that, subject to certain exceptions and qualifications, restrict CCA’s ability to, among other things, make restricted payments; incur additional debt or issue certain types of preferred stock; create or permit to exist certain liens; consolidate, merge or transfer all or substantially all of CCA’s assets; and enter into transactions with affiliates. In addition, if CCA sells certain assets (and generally does not use the proceeds of such sales for certain specified purposes) or experiences specific kinds of changes in control, CCA must offer to repurchase all or a portion of the Senior Notes. The offer price for the Senior Notes in connection with an asset sale would be equal to 100% of the aggregate principal amount of the notes repurchased plus accrued and unpaid interest and liquidated damages, if any, on the notes repurchased to the date of purchase. The offer price for the Senior Notes in connection with a change in control would be 101% of the aggregate principal amount of the notes repurchased plus accrued and unpaid interest and liquidated damages, if any, on the notes repurchased to the date of purchase. The Senior Notes are also subject to certain cross-default provisions with the terms of CCA’s Amended Revolving Credit Facility, as more fully described hereafter.

Other Debt Transactions

Letters of Credit. At December 31, 2012 and 2011, CCA had $26.0 million and $28.3 million, respectively, in outstanding letters of credit. The letters of credit were issued to secure CCA’s workers’ compensation and general liability insurance policies, performance bonds, and utility deposits. The letters of credit outstanding at December 31, 2012 were provided by a sub-facility under the Revolving Credit Facility.

Debt Maturities

Scheduled principal payments as of December 31, 2012 for the next five years and thereafter were as follows (in thousands):


2013	$	—
2014		—
2015		—
2016		655,000
2017		465,000
Thereafter		—

Total principal payments		1,120,000
Unamortized bond discount		(8,455	)

Total debt	$	1,111,545

Cross-Default Provisions

The provisions of CCA’s debt agreements relating to the Amended Revolving Credit Facility and the 7.75% Senior Notes contain certain cross-default provisions. Any events of default under the Amended Revolving Credit Facility that results in the lenders’ actual acceleration of amounts outstanding thereunder also result in an event of default under the 7.75% Senior Notes. Additionally, any events of default under the 7.75% Senior Notes that give rise to the ability of the holders of such indebtedness to exercise their acceleration rights also result in an event of default under the Amended Revolving Credit Facility.

If CCA were to be in default under the Amended Revolving Credit Facility, and if the lenders under the Amended Revolving Credit Facility elected to exercise their rights to accelerate CCA’s obligations under the Amended Revolving Credit Facility, such events could result in the acceleration of all or a portion of CCA’s 7.75% Senior Notes, which would have a material adverse effect on CCA’s liquidity and financial position. CCA does not have sufficient working capital to satisfy its debt obligations in the event of an acceleration of all or a substantial portion of CCA’s outstanding indebtedness.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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INCOME TAXES

12 Months Ended

Dec. 31, 2012

INCOME TAXES

11.

INCOME TAXES

Income tax expense is comprised of the following components (in thousands):


	For the Years Ended December 31,
	2012			2011		2010
Current income tax expense
Federal	$	75,940		$	71,230	$	63,056
State		5,885			6,466		5,506

		81,825			77,696		68,562

Deferred income tax expense
Federal		8,576			17,167		24,035
State		(2,815	)		2,154		2,168

		5,761			19,321		26,203

Income tax expense	$	87,586		$	97,017	$	94,765

The current income tax expense for 2012, 2011, and 2010 is net of $0.1 million, $0.9 million, and $0.8 million, respectively, of tax benefits of operating loss carryforwards.

Significant components of CCA’s deferred tax assets and liabilities as of December 31, 2012 and 2011, are as follows (in thousands):


	December 31,
	2012			2011
Current deferred tax assets:
Asset reserves and liabilities not yet deductible for tax	$	12,198		$	14,350

Net current deferred tax assets		12,198			14,350

Current deferred tax liabilities:
Other		(4,176	)		(2,582	)

Net total current deferred tax assets	$	8,022		$	11,768

Noncurrent deferred tax assets:
Asset reserves and liabilities not yet deductible for tax	$	24,392		$	21,145
Tax over book basis of certain assets		13,994			17,347
Net operating loss and tax credit carryforwards		8,843			9,095
Other		261			874

Total noncurrent deferred tax assets		47,490			48,461
Less valuation allowance		(2,655	)		(2,862	)

Net noncurrent deferred tax assets		44,835			45,599

Noncurrent deferred tax liabilities:
Book over tax basis of certain assets		(184,334	)		(182,084	)
Other		(27	)		(18	)

Total noncurrent deferred tax liabilities		(184,361	)		(182,102	)

Net total noncurrent deferred tax liabilities	$	(139,526	)	$	(136,503	)

Deferred income taxes reflect the available net operating losses and tax credit carryforwards and the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Realization of the future tax benefits related to deferred tax assets is dependent on many factors, including CCA’s past earnings history, expected future earnings, the character and jurisdiction of such earnings, unsettled circumstances that, if unfavorably resolved, would adversely affect utilization of its deferred tax assets, carryback and carryforward periods, and tax strategies that could potentially enhance the likelihood of realization of a deferred tax asset.

The tax benefits associated with equity-based compensation reduced income taxes payable by $2.6 million, $1.8 million, and $3.8 million during 2012, 2011, and 2010, respectively. Such benefits were recorded as increases to stockholders’ equity.

A reconciliation of the income tax provision at the statutory income tax rate and the effective tax rate as a percentage of income from continuing operations before income taxes for the years ended December 31, 2012, 2011, and 2010 is as follows:


	2012			2011			2010
Statutory federal rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal tax benefit		1.0			2.6			2.7
Permanent differences		0.7			0.5			0.7
Change in valuation allowance		0.0			0.1			(0.1	)
Changes in tax contingencies		0.0			(0.1	)		0.0
Other items, net		(0.9	)		(0.9	)		(0.9	)

		35.8	%		37.2	%		37.4	%

CCA has approximately $3.6 million in net operating losses applicable to various states that it expects to carryforward in future years to offset taxable income in such states. CCA has a valuation allowance of $0.6 million for the estimated amount of the net operating losses that will expire unused. In addition, CCA has $5.2 million of state tax credits applicable to various states that it expects to carry forward in future years to offset taxable income in such states. CCA has a $1.6 million valuation allowance related to state tax credits that are expected to expire unused. These net operating losses and state tax credits expire at various dates through 2020. Although CCA’s estimate of future taxable income is based on current assumptions that it believes to be reasonable, CCA’s assumptions may prove inaccurate and could change in the future, which could result in the expiration of additional net operating losses or credits. CCA would be required to establish a valuation allowance at such time that it no longer expected to utilize these net operating losses or credits, which could result in a material impact on its results of operations in the future.

CCA’s effective tax rate was 35.8%, 37.2%, and 37.4% during 2012, 2011, and 2010, respectively. CCA’s effective tax rate was lower in 2012 as a result of the revaluation of certain deferred tax assets and liabilities which resulted in a net tax benefit of $2.9 million caused by the internal reorganization of our corporate structure as of December 31, 2012 to facilitate our ability to qualify as a REIT for federal income tax purposes effective for our taxable year beginning January 1, 2013. CCA’s overall effective tax rate is estimated based on CCA’s current projection of taxable income and could change in the future as a result of changes in these estimates, the implementation of additional tax planning strategies, changes in federal or state tax rates, changes in estimates related to uncertain tax positions, or changes in state apportionment factors, as well as changes in the valuation allowance applied to CCA’s deferred tax assets that are based primarily on the amount of state net operating losses and tax credits that could expire unused.

CCA had no liabilities for uncertain tax positions as of December 31, 2012 and 2011. CCA recognizes interest and penalties related to unrecognized tax positions in income tax expense. CCA does not currently anticipate that the total amount of unrecognized tax positions will significantly increase or decrease in the next twelve months.

CCA’s U.S. federal income tax returns for tax years 2009 and beyond remain subject to examination by the Internal Revenue Service (“IRS”). All states in which CCA files income tax returns follow the same statute of limitations as federal, with the exception of the following states whose open tax years include December 31, 2008 through December 31, 2011: Arizona, California, Colorado, Kentucky, Michigan, Minnesota, New Jersey, Texas, and Wisconsin.

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:


Unrecognized Benefit January 1, 2011	$	98
Decreases from Prior Period Tax Positions		—
Increases from Current Period Tax Positions		—
Decreases Related to Settlements of Tax Positions		—
Decreases Due to Lapse of Statute of Limitations		(98	)

Unrecognized Benefit December 31, 2011	$	—
Decreases from Prior Period Tax Positions		—
Increases from Current Period Tax Positions		—
Decreases Related to Settlements of Tax Positions		—
Decreases Due to Lapse of Statute of Limitations		—

Unrecognized Benefit December 31, 2012	$	—

As discussed in Note 1, the Company plans to begin operating as a REIT for federal income tax purposes effective January 1, 2013. The success of such plan remains subject to the payment of the Company’s accumulated earnings and profits (for which to distribute the expected portion in cash is dependent on certain debt modifications) and compliance with general income and asset tests. As a result of CCA’s intention to elect to be taxed as a REIT effective January 1, 2013, it expects to record during 2013 a significant net tax benefit for the revaluation of certain deferred tax assets and liabilities based on the revised expected effective tax rate as a REIT. The tax accounting associated with being taxed as a REIT could also result in a portion of the NOL’s and tax credits being reserved.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2012

DISCONTINUED OPERATIONS

12.

DISCONTINUED OPERATIONS

Under the provisions of ASC 205-20, “Discontinued Operations”, the identification and classification of a facility as held for sale, or the termination of any of CCA’s management contracts by expiration or otherwise, may result in the classification of the operating results of such facility, net of taxes, as a discontinued operation, so long as the financial results can be clearly identified, and so long as CCA does not have any significant continuing involvement in the operations of the component after the disposal or termination transaction.

The results of operations, net of taxes, and the assets and liabilities of three correctional facilities each as further described below, have been reflected in the accompanying consolidated financial statements as discontinued operations in accordance with ASC 205-20 for the years ended December 31, 2012, 2011, and 2010.

In April 2010, CCA announced that pursuant to a re-bid of the management contract at the 1,520-bed Gadsden Correctional Institution in Quincy, Florida, the Florida DMS indicated its intent to award the management of the Gadsden facility to another operator. CCA transitioned management of the Gadsden facility during the third quarter of 2010 to the new operator. Additionally, in April 2010, CCA also provided notice to Hernando County, Florida of its intent to terminate the management contract at the 876-bed Hernando County Jail during the third quarter of 2010. Accordingly, the results of operations, net of taxes, and the assets and liabilities of these two facilities have been reported as discontinued operations since the termination of operations in the third quarter of 2010 for all periods presented.

In November 2011, CCA announced its joint decision with the state of Mississippi to cease operations at the state-owned 1,172-bed Delta Correctional Facility in Greenwood, Mississippi. In December 2011, CCA began the process of transferring the population of approximately 900 inmates from the facility, which was completed in January 2012. Accordingly, the results of operations, net of taxes, and the assets and liabilities of the Delta facility have been reported as discontinued operations for all periods presented.

The following table summarizes the results of operations for these facilities for the years ended December 31, 2012, 2011, and 2010 (in thousands):


	For the Years Ended December 31,
	2012			2011			2010
REVENUE:
Managed-only	$	193		$	11,270		$	34,620

		193			11,270			34,620

EXPENSES:
Managed-only		861			12,527			32,324
Depreciation and amortization		—			715			2,563
Goodwill impairment		—			—			1,684

		861			13,242			36,571

OPERATING LOSS		(668	)		(1,972	)		(1,951	)
Other income		91			—			60

LOSS BEFORE INCOME TAXES		(577	)		(1,972	)		(1,891	)
Income tax benefit		215			716			721

LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES	$	(362	)	$	(1,256	)	$	(1,170	)

The assets and liabilities of the discontinued operations presented in the accompanying consolidated balance sheets are as follows (in thousands):


	December 31,
	2012		2011
ASSETS
Cash and cash equivalents	$	—	$	30
Accounts receivable		—		3,353
Prepaid expenses and other current assets		—		115

Total current assets		—		3,498
Property and equipment, net		—		178

Other assets		—		3

Total assets	$	—	$	3,679

LIABILITIES
Accounts payable and accrued expenses	$	356	$	2,031

Total current liabilities	$	356	$	2,031

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details

STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' EQUITY

13.

STOCKHOLDERS’ EQUITY

Common Stock Dividend

On February 27, 2012, CCA announced its Board of Directors approved a plan to initiate an annual dividend of $0.80 per common share payable quarterly and commencing in the second quarter of 2012 of $0.20 per common share. During 2012, CCA’s Board of Directors declared the following dividends on its common stock:


Declaration Date	Record Date	Payable Date	Per Share
May 11, 2012	June 8, 2012	June 22, 2012	$	0.20
August 20, 2012	September 14, 2012	September 28, 2012	$	0.20
November 6, 2012	November 30, 2012	December 14, 2012	$	0.20

Future dividends will depend on CCA’s distribution requirements as a REIT, future earnings, capital requirements, financial condition, opportunities for alternative uses of capital, and on such other factors as the Board of Directors of CCA may consider relevant. During the year ended December 31, 2011 CCA did not pay any dividends on its common stock. Pursuant to the terms of the indentures governing CCA’s senior notes, and CCA’s amended and restated revolving credit facility depending on its leverage ratio, CCA is limited in the amount of dividends it can declare or pay on outstanding shares of common stock.

Stock Repurchase Programs

During 2008 and 2009, CCA purchased 10.7 million shares of its common stock at an aggregate cost of $125.0 million, or an average price of $11.72 per share, pursuant to a stock repurchase program approved by the Board of Directors in November 2008. In August 2011, the Board of Directors approved an increase in the aggregate amount under an additional stock repurchase program from $350.0 million to $500.0 million after expanding the authorization in May 2011 by $100.0 million from the $250.0 million originally approved by the Board in February 2010. During 2010 and 2011, CCA completed the purchase of 17.7 million shares at a cost of $383.2 million, or an average price of $21.63 per share. Combining both stock repurchase programs, CCA purchased a total of 28.4 million shares of its common stock at an aggregate cost of $508.2 million, or an average price of $17.91.

CCA utilized cash on hand, net cash provided by operations, and borrowings available under the Revolving Credit Facility to fund the repurchases. In February 2012, the additional share repurchase program was terminated in conjunction with the announcement to commence a quarterly cash dividend beginning in the second quarter of 2012. There were no share repurchases in 2012.

Common Stock

Restricted shares. During 2012, CCA issued approximately 349,000 shares of restricted common stock and common stock units to certain of CCA’s employees and non-employee directors, with an aggregate value of $9.2 million, including 290,000 restricted shares or units to employees and non-employee directors whose compensation is charged to general and administrative expense and 59,000 restricted shares to employees whose compensation is charged to operating expense. During 2011, CCA issued approximately 265,000 shares of restricted common stock and common stock units to certain of CCA’s employees, with an aggregate value of $6.5 million, including 227,000 restricted shares or units to employees whose compensation is charged to general and administrative expense and 38,000 restricted shares to employees whose compensation is charged to operating expense.

CCA established performance-based vesting conditions on the shares of restricted common stock and common stock units awarded to CCA’s officers and executive officers. Unless earlier vested under the terms of the agreements, shares or units issued to officers and executive officers are subject to vesting over a three-year period based upon the satisfaction of certain performance criteria. No more than one-third of such shares or units may vest in the first performance period; however, the performance criteria are cumulative for the three-year period. Unless earlier vested under the terms of the agreements, the shares of restricted stock issued to other employees of CCA vest after three years of continuous service. Shares of restricted stock and common stock units issued to non-employee directors vest on a date approximately following the one-year anniversary of the grant date.

Nonvested restricted common stock transactions as of December 31, 2012 and for the year then ended are summarized below (in thousands, except per share amounts).


	Shares of restricted common stock and units			Weighted average grant date fair value
Nonvested at December 31, 2011		768		$	20.47
Granted		349		$	26.36
Cancelled		(18	)	$	21.96
Vested		(319	)	$	16.81

Nonvested at December 31, 2012		780		$	24.59

During 2012, 2011, and 2010, CCA expensed $7.6 million ($1.2 million of which was recorded in operating expenses and $6.4 million of which was recorded in general and administrative expenses), $6.1 million ($1.1 million of which was recorded in operating expenses and $5.0 million of which was recorded in general and administrative expenses), and $5.5 million ($1.1 million of which was recorded in operating expenses and $4.4 million of which was recorded in general and administrative expenses), net of forfeitures, relating to the restricted common stock and common stock units, respectively. As of December 31, 2012, CCA had $9.1 million of total unrecognized compensation cost related to restricted common stock and common stock units that is expected to be recognized over a remaining weighted-average period of 1.8 years.

Preferred Stock

CCA has the authority to issue 50.0 million shares of $0.01 par value per share preferred stock (the “Preferred Stock”). The Preferred Stock may be issued from time to time upon authorization by the Board of Directors, in such series and with such preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications or other provisions as may be fixed by CCA’s Board of Directors.

Stock Option Plans

CCA has equity incentive plans under which, among other things, incentive and non-qualified stock options are granted to certain employees and non-employee directors of CCA by the compensation committee of CCA’s Board of Directors. The options are granted with exercise prices equal to the fair market value on the date of grant. Vesting periods for options granted to employees generally range from three to four years. Options granted to non-employee directors vest on a date approximately following the first anniversary of the grant date. The term of such options is ten years from the date of grant.

Stock option transactions relating to CCA’s non-qualified stock option plans are summarized below (in thousands, except exercise prices):

No. of
options

Weighted-
Average
Exercise Price
of options

Weighted-
Average
Remaining
Contractual
Term

Aggregate
Intrinsic
Value

Outstanding at December 31, 2011

3,653

18.63

Granted

787

26.44

Exercised

(366

)

13.46

Cancelled

(27

)

20.42

Outstanding at December 31, 2012

4,047

20.61

6.0

60,160

Exercisable at December 31, 2012

2,726

18.81

4.8

45,396

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between CCA’s stock price as of December 31, 2012 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2012. This amount changes based on the fair market value of CCA’s stock. The total intrinsic value of options exercised during the years ended December 31, 2012, 2011, and 2010 was $5.5 million, $4.5 million, and $11.4 million, respectively.

The weighted average fair value of options granted during 2012, 2011, and 2010 was $7.50, $9.66, and $7.76 per option, respectively, based on the estimated fair value using the Black-Scholes option-pricing model. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:


	2012			2011			2010
Expected dividend yield		3.0	%		0.0	%		0.0	%
Expected stock price volatility		42.2	%		42.1	%		38.8	%
Risk-free interest rate		1.0	%		2.1	%		2.4	%
Expected life of options		5 years			5 years			5 years

CCA estimates expected stock price volatility based on actual historical changes in the market value of CCA’s stock. The risk-free interest rate is based on the U.S. Treasury yield with a term that is consistent with the expected life of the stock options. The expected life of stock options is based on CCA’s historical experience and is calculated separately for groups of employees that have similar historical exercise behavior.

Nonvested stock option transactions relating to CCA’s non-qualified stock option plans as of December 31, 2012 and changes during the year ended December 31, 2012 are summarized below (in thousands, except exercise prices):


	Number of options			Weighted average grant date fair value
Nonvested at December 31, 2011		1,189		$	7.89
Granted		787		$	7.50
Cancelled		(25	)	$	7.64
Vested		(630	)	$	7.35

Nonvested at December 31, 2012		1,321		$	7.91

As of December 31, 2012, CCA had $6.1 million of total unrecognized compensation cost related to stock options that is expected to be recognized over a remaining weighted-average period of 2.1 years.

At CCA’s 2011 annual meeting of stockholders held in May 2011 CCA’s stockholders approved an amendment to the 2008 Stock Incentive Plan that increased the authorized limit on issuance of new awards to an aggregate of up to 18.0 million shares. In addition, during the 2003 annual meeting the stockholders approved the adoption of CCA’s Non-Employee Directors’ Compensation Plan, authorizing CCA to issue up to 225,000 shares of common stock pursuant to the plan. As of December 31, 2012, CCA had 11.1 million shares available for issuance under the Amended and Restated 2008 Stock Incentive Plan and 0.2 million shares available for issuance under the Non-Employee Directors’ Compensation Plan.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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+ Details

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2012

EARNINGS PER SHARE

14.

EARNINGS PER SHARE

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 CCA, diluted earnings per share is computed by dividing net income as adjusted, by the weighted average number of common shares after considering the additional dilution related to restricted stock grants and stock options.

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):


	For the Years Ended December 31,
	2012			2011			2010
NUMERATOR
Basic:
Income from continuing operations	$	157,123		$	163,766		$	158,363
Loss from discontinued operations, net of taxes		(362	)		(1,256	)		(1,170	)

Net income	$	156,761		$	162,510		$	157,193


Diluted:
Income from continuing operations	$	157,123		$	163,766		$	158,363
Loss from discontinued operations, net of taxes		(362	)		(1,256	)		(1,170	)

Diluted net income	$	156,761		$	162,510		$	157,193


DENOMINATOR
Basic:
Weighted average common shares outstanding		99,545			104,736			112,015


Diluted:
Weighted average common shares outstanding		99,545			104,736			112,015
Effect of dilutive securities:
Stock options		864			603			769
Restricted stock-based compensation		214			196			193

Weighted average shares and assumed conversions		100,623			105,535			112,977


BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.58		$	1.56		$	1.41
Loss from discontinued operations, net of taxes		—			(0.01	)		(0.01	)

Net income	$	1.58		$	1.55		$	1.40


DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.56		$	1.55		$	1.40
Loss from discontinued operations, net of taxes		—			(0.01	)		(0.01	)

Net income	$	1.56		$	1.54		$	1.39

Approximately 0.7 million, 1.6 million, and 1.4 million stock options were excluded from the computations of diluted earnings per share for the years ended December 31, 2012, 2011, and 2010, respectively, because they were anti-dilutive.

COMMITMENTS AND CONTINGENCIES

The entire disclosure for earnings per share.

+ References+ Details

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2012

15.

COMMITMENTS AND CONTINGENCIES

Legal Proceedings

General. The nature of CCA’s business results in claims and litigation alleging that it is liable for damages arising from the conduct of its employees, inmates, or others. The nature of such claims include, but is not limited to, claims arising from employee or inmate misconduct, medical malpractice, employment matters, property loss, contractual claims, and personal injury or other damages resulting from contact with CCA’s facilities, personnel or prisoners, including damages arising from a prisoner’s escape or from a disturbance at a facility. CCA maintains insurance to cover many of these claims, which may mitigate the risk that any single claim would have a material effect on CCA’s consolidated financial position, results of operations, or cash flows, provided the claim is one for which coverage is available. The combination of self-insured retentions and deductible amounts means that, in the aggregate, CCA is subject to substantial self-insurance risk.

CCA records litigation reserves related to certain matters for which it is probable that a loss has been incurred and the range of such loss can be estimated. Based upon management’s review of the potential claims and outstanding litigation and based upon management’s experience and history of estimating losses, management believes a loss in excess of amounts already recognized would not be material to CCA’s financial statements. In the opinion of management, there are no pending legal proceedings that would have a material effect on CCA’s consolidated financial position, results of operations, or cash flows. Any receivable for insurance recoveries is recorded separately from the corresponding litigation reserve, and only if recovery is determined to be probable. Adversarial proceedings and litigation are, however, subject to inherent uncertainties, and unfavorable decisions and rulings could occur which could have a material adverse impact on CCA’s consolidated financial position, results of operations, or cash flows for the period in which such decisions or rulings occur, or future periods. Expenses associated with legal proceedings may also fluctuate from quarter to quarter based on changes in CCA’s assumptions, new developments, or by the effectiveness of CCA’s litigation and settlement strategies.

Insurance Contingencies

Each of CCA’s management contracts and the statutes of certain states require the maintenance of insurance. CCA maintains various insurance policies including employee health, workers’ compensation, automobile liability, and general liability insurance. These policies are fixed premium policies with various deductible amounts that are self-funded by CCA. Reserves are provided for estimated incurred claims for which it is probable that a loss has been incurred and the range of such loss can be estimated.

Guarantees

Hardeman County Correctional Facilities Corporation (“HCCFC”) is a nonprofit, mutual benefit corporation organized under the Tennessee Nonprofit Corporation Act to purchase, construct, improve, equip, finance, own and manage a detention facility located in Hardeman County, Tennessee. HCCFC was created as an instrumentality of Hardeman County to implement the County’s incarceration agreement with the state of Tennessee to house certain inmates.

During 1997, HCCFC issued $72.7 million of revenue bonds, which were primarily used for the construction of a 2,016-bed medium security correctional facility. In addition, HCCFC entered into a construction and management agreement with CCA in order to assure the timely and coordinated acquisition, construction, development, marketing and operation of the correctional facility.

HCCFC leases the correctional facility to Hardeman County in exchange for all revenue from the operation of the facility. HCCFC has, in turn, entered into a management agreement with CCA for the correctional facility.

In connection with the issuance of the revenue bonds, CCA is obligated, under a debt service deficit agreement, to pay the trustee of the bond’s trust indenture (the “Trustee”) amounts necessary to pay any debt service deficits consisting of principal and interest requirements (outstanding principal balance of $28.8 million at December 31, 2012 plus future interest payments), if there is any default. In addition, in the event the state of Tennessee, which is currently utilizing the facility to house certain inmates, exercises its option to purchase the correctional facility, CCA is also obligated to pay the difference between principal and interest owed on the bonds on the date set for the redemption of the bonds and amounts paid by the state of Tennessee for the facility plus all other funds on deposit with the Trustee and available for redemption of the bonds. Ownership of the facility reverts to the state of Tennessee in 2017 at no cost. Therefore, CCA does not currently believe the state of Tennessee will exercise its option to purchase the facility. At December 31, 2012, the outstanding principal balance of the bonds exceeded the purchase price option by $9.3 million.

Retirement Plan

All employees of CCA are eligible to participate in the Corrections Corporation of America 401(k) Savings and Retirement Plan (the “Plan”) upon reaching age 18 and completing one year of qualified service. Eligible employees may contribute up to 90% of their eligible compensation subject to IRS limitations. For the years ended December 31, 2012, 2011, and 2010, CCA provided a discretionary matching contribution equal to 100% of the employee’s contributions up to 5% of the employee’s eligible compensation to employees with at least one thousand hours of employment in the plan year. Prior to January 1, 2012, employer contributions were made to those who were employed by CCA on the last day of the plan year, and investment earnings or losses thereon become vested 20% after two years of service, 40% after three years of service, 80% after four years of service, and 100% after five or more years of service. Effective January 1, 2012, the Plan adopted a safe harbor provision that provides, among other changes, future employer matching contributions to be paid into the Plan each pay period and vest immediately.

During the years ended December 31, 2012, 2011, and 2010, CCA’s discretionary contributions to the Plan, net of forfeitures, were $11.1 million, $9.2 million, and $8.3 million, respectively.

Deferred Compensation Plans

During 2002, the compensation committee of the board of directors approved CCA’s adoption of two non-qualified deferred compensation plans (the “Deferred Compensation Plans”) for non-employee directors and for certain senior executives. The Deferred Compensation Plans are unfunded plans maintained for the purpose of providing CCA’s directors and certain of its senior executives the opportunity to defer a portion of their compensation. Under the terms of the Deferred Compensation Plans, certain senior executives may elect to contribute on a pre-tax basis up to 50% of their base salary and up to 100% of their cash bonus, and non-employee directors may elect to contribute on a pre-tax basis up to 100% of their director retainer and meeting fees. During the years ended December 31, 2012, 2011, and 2010, CCA matched 100% of employee contributions up to 5% of total cash compensation. CCA also contributes a fixed rate of return on balances in the Deferred Compensation Plans, determined at the beginning of each plan year. Vesting provisions for matching contributions and investment earnings thereon conform to the vesting provisions of CCA’s 401(k) Plan. However, CCA did not change the vesting provisions to conform with the 401(k) Plan effective January 1, 2012. Distributions are generally payable no earlier than five years subsequent to the date an individual becomes a participant in the Plan, or upon termination of employment (or the date a director ceases to serve as a director of CCA), at the election of the participant. Distributions to senior executives must commence on or before the later of 60 days after the participant’s separation from service or the fifteenth day of the month following the month the individual attains age 65.

During 2012, 2011, and 2010, CCA provided a fixed return of 5.9%, 6.0%, and 6.2% to participants in the Deferred Compensation Plans, respectively. CCA has purchased life insurance policies on the lives of certain employees of CCA, which are intended to fund distributions from the Deferred Compensation Plans. CCA is the sole beneficiary of such policies. At the inception of the Deferred Compensation Plans, CCA established an irrevocable Rabbi Trust to secure the plans’ obligations. However, assets in the Deferred Compensation Plans are subject to creditor claims in the event of bankruptcy. During 2012, 2011, and 2010, CCA recorded $0.5 million, $0.3 million, and $0.3 million, respectively, of matching contributions as general and administrative expense associated with the Deferred Compensation Plans. Assets in the Rabbi Trust were $12.6 million and $8.8 million as of December 31, 2012 and 2011, respectively. As of December 31, 2012 and 2011, CCA’s liability related to the Deferred Compensation Plans was $15.6 million and $12.2 million, respectively, which was reflected in accounts payable and accrued expenses and other liabilities in the accompanying balance sheets.

Employment and Severance Agreements

CCA currently has employment agreements with several of its executive officers, which provide for the payment of certain severance amounts upon termination of employment under certain circumstances or a change of control, as defined in the agreements.

The entire disclosure for commitments and contingencies.

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+ Details

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2012

SEGMENT REPORTING

16.

SEGMENT REPORTING

As of December 31, 2012, CCA owned and managed 47 correctional and detention facilities, and managed 20 correctional and detention facilities it did not own. Management views CCA’s operating results in two reportable segments: owned and managed correctional and detention facilities and managed-only correctional and detention facilities. The accounting policies of the reportable segments are the same as those described in Note 2. Owned and managed facilities include the operating results of those facilities placed into service that were owned and managed by CCA. Managed-only facilities include the operating results of those facilities owned by a third party and managed by CCA. CCA measures the operating performance of each facility within the above two reportable segments, without differentiation, based on facility contribution. CCA defines facility contribution as a facility’s operating income or loss from operations before interest, taxes, goodwill impairment, depreciation, and amortization. Since each of CCA’s facilities within the two reportable segments exhibit similar economic characteristics, provide similar services to governmental agencies, and operate under a similar set of operating procedures and regulatory guidelines, the facilities within the identified segments have been aggregated and reported as one reportable segment.

The revenue and facility contribution for the reportable segments and a reconciliation to CCA’s operating income is as follows for the three years ended December 31, 2012, 2011, and 2010 (in thousands):


	For the Years Ended December 31,
	2012			2011			2010
Revenue:
Owned and managed	$	1,395,193		$	1,356,678		$	1,331,707
Managed-only		359,417			361,246			324,858

Total management revenue		1,754,610			1,717,924			1,656,565


Operating expenses:
Owned and managed		916,730			864,252			853,248
Managed-only		317,761			310,701			282,165

Total operating expenses		1,234,491			1,174,953			1,135,413


Facility contribution:
Owned and managed		478,463			492,426			478,459
Managed-only		41,656			50,545			42,693

Total facility contribution		520,119			542,971			521,152


Other revenue (expense):
Rental and other revenue		5,275			6,419			6,752
Other operating expense		(17,693	)		(15,920	)		(15,750	)
General and administrative expense		(88,935	)		(91,227	)		(84,148	)
Depreciation and amortization		(113,933	)		(108,216	)		(103,710	)

Operating income	$	304,833		$	334,027		$	324,296

The following table summarizes capital expenditures for the reportable segments for the years ended December 31, 2012, 2011, and 2010 (in thousands):


	For the Years Ended December 31,
	2012		2011		2010
Capital expenditures:
Owned and managed	$	54,681	$	151,724	$	120,144
Managed-only		4,580		8,452		9,745
Corporate and other		17,685		10,905		7,822
Discontinued operations		—		301		491

Total capital expenditures	$	76,946	$	171,382	$	138,202

The assets for the reportable segments are as follows (in thousands):


	December 31,
	2012		2011
Assets:
Owned and managed	$	2,643,055	$	2,711,926
Managed-only		130,927		123,806
Corporate and other		200,760		180,220
Discontinued operations		—		3,679

Total assets	$	2,974,742	$	3,019,631

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES

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+ Details

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2012

SUBSEQUENT EVENTS

17.

SUBSEQUENT EVENTS

During February 2013, CCA issued approximately 0.4 million shares of restricted common stock and common stock units to certain of CCA’s employees and non-employee directors, with an aggregate value of $15.0 million. Unless earlier vested under the terms of the restricted stock unit agreement, approximately 0.3 million restricted stock units were issued to officers and executive officers and vest evenly over a three-year period. Approximately 0.1 million shares issued to other employees “cliff” vest on the third anniversary of the award. Shares of restricted common stock units issued to non-employee directors vest on the first anniversary of the award. Any restricted stock units that become vested will be settled in shares of CCA’s common stock.

On February 21, 2013, the Company’s Board of Directors declared a quarterly dividend of $0.53 per common share payable April 15, 2013 to shareholders of record on April 3, 2013.

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES

12 Months Ended

Dec. 31, 2012

18.

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES

The following condensed consolidating financial statements of CCA and subsidiaries have been prepared pursuant to Rule 3-10 of Regulation S-X. These condensed consolidating financial statements have been prepared from the Company’s financial information on the same basis of accounting as the consolidated financial statements. On December 31, 2012 CCA transferred certain real estate assets and contracts from certain of its subsidiaries to CCA (as the parent company). Accordingly, CCA (as the parent corporation to its subsidiaries) which heretofore had no independent assets or operations (as defined under Rule 3-10(f) of Regulation S-X) maintains its own independent assets as of December 31, 2012. Such internal legal restructuring has been reported in the following condensed consolidating financial statements as if it had occurred on January 1, 2012.

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2012

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

ASSETS

Cash and cash equivalents

—

62,897

—

62,897

Accounts receivable, net of allowance

136,128

255,192

(138,556

)

252,764

Deferred tax assets

137

7,885

—

8,022

Prepaid expenses and other current assets

1,766

35,175

(9,882

)

27,059

Total current assets

138,031

361,149

(148,438

)

350,742

Property and equipment, net

2,462,917

105,874

—

2,568,791

Restricted cash

—

5,022

—

5,022

Investment in direct financing lease

7,467

—

7,467

Goodwill

—

11,988

—

11,988

Other assets

191,502

114,953

(275,723

)

30,732

Total assets

2,799,917

598,986

(424,161

)

2,974,742

LIABILITIES AND STOCKHOLDERS’ EQUITY

Accounts payable and accrued expenses

28,061

286,342

(148,403

)

166,000

Income taxes payable

—

102

—

102

Current liabilities of discontinued operations

—

356

—

356

Total current liabilities

28,061

286,800

(148,403

)

166,458

Long-term debt

1,111,545

100,000

(100,000

)

1,111,545

Deferred tax liabilities

138,691

835

—

139,526

Other liabilities

—

35,593

—

35,593

Total liabilities

1,278,297

423,228

(248,403

)

1,453,122

Total stockholders’ equity

1,521,620

175,758

(175,758

)

1,521,620

Total liabilities and stockholders’ equity

2,799,917

598,986

(424,161

)

2,974,742

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the year ended December 31, 2012

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

REVENUE:

Management and other

1,408,613

366,199

(17,591

)

1,757,221

Rental

2,664

—

2,664

1,411,277

366,199

(17,591

)

1,759,885

EXPENSES:

Operating

943,803

325,972

(17,591

)

1,252,184

General and administrative

70,792

18,143

—

88,935

Depreciation and amortization

74,452

39,481

—

113,933

1,089,047

383,596

(17,591

)

1,455,052

OPERATING INCOME (LOSS)

322,230

(17,397

)

—

304,833

OTHER (INCOME) EXPENSE:

Interest expense, net

57,174

1,189

—

58,363

Expenses associated with debt refinancing transactions

2,099

—

2,099

Other (income) expense

(31

)

(323

)

(338

)

59,289

1,158

(323

)

60,124

INCOME (LOSS) FROM CONTINUING

OPERATIONS BEFORE INCOME TAXES

262,941

(18,555

)

323

244,709

Income tax (expense) benefit

(93,870

)

6,284

—

(87,586

)

INCOME (LOSS) FROM CONTINUING OPERATIONS

169,071

(12,271

)

323

157,123

Loss from equity in subsidiaries

(12,310

)

—

12,310

—

Loss from discontinued operations, net of taxes

—

(362

)

—

(362

)

NET INCOME (LOSS)

156,761

(12,633

)

12,633

156,761

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the year ended December 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by operating activities	$	260,602		$	22,654		$	—	$	283,256
Net cash used in investing activities		(42,378	)		(37,542	)		—		(79,920	)
Net cash used in financing activities		(218,224	)		21,953			—		(196,271	)

Net Increase in Cash and Cash Equivalents		—			7,065			—		7,065
CASH AND CASH EQUIVALENTS, beginning of year		—			55,832			—		55,832

CASH AND CASH EQUIVALENTS, end of year	$	—		$	62,897		$	—	$	62,897

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2012

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

19.

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Selected quarterly financial information for each of the quarters in the years ended December 31, 2012 and 2011 is as follows (in thousands, except per share data):


	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Revenue	$	435,305	$	442,866	$	444,853	$	436,861
Operating income		69,544		74,885		79,888		80,516
Net income		31,680		37,334		42,339		45,408

Basic earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.46

Diluted earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.45


	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Revenue ⁽¹⁾	$	425,180		$	429,944		$	432,137		$	437,082
Operating income ⁽¹⁾		83,645			87,100			80,905			82,377
Loss from discontinued operations, net of taxes ⁽¹⁾		(110	)		(198	)		(107	)		(841	)
Net income		40,330			42,418			39,240			40,522

Basic earnings per share:
Net income ⁽²⁾	$	0.37		$	0.40		$	0.38		$	0.41

Diluted earnings per share:
Net income ⁽²⁾	$	0.37		$	0.39		$	0.37		$	0.41

⁽¹⁾	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

⁽²⁾	The earnings per share amounts were favorably impacted by the reduction in CCA’s weighted average shares outstanding resulting from share repurchases under CCA’s share repurchase program.


	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Total revenue previously reported	$	428,074		$	432,803		$	435,043		$	439,693
Discontinued operations		(2,894	)		(2,859	)		(2,906	)		(2,611	)

Revised total revenue	$	425,180		$	429,944		$	432,137		$	437,082

Operating income previously reported	$	83,467		$	86,781		$	80,735		$	81,072
Discontinued operations		178			319			170			1,305

Revised operating income	$	83,645		$	87,100		$	80,905		$	82,377

Income from discontinued operations, net of taxes, previously reported	$	—		$	—		$	—		$	—
Discontinued operations subsequent to the respective reporting period		(110	)		(198	)		(107	)		(841	)

Revised loss from discontinued operations, net of taxes	$	(110	)	$	(198	)	$	(107	)	$	(841	)

Cash and Cash Equivalents

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2012

Basis of Presentation

Basis of Presentation

The consolidated financial statements include the accounts of CCA on a consolidated basis with its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.

Cash and Cash Equivalents

CCA considers all liquid debt instruments with a maturity of three months or less at the time of purchase to be cash equivalents.

Restricted Cash

Restricted Cash

Restricted cash at both December 31, 2012 and 2011 of $5.0 million is restricted for a capital improvements, replacements, and repairs reserve.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful Accounts

Property and Equipment

Property and Equipment


Land improvements			5 – 20 years
Buildings and improvements			5 – 50 years
Equipment and software			3 – 5 years
Office furniture and fixtures			5 years

Accounting for the Impairment of Long-Lived Assets Other Than Goodwill

Accounting for the Impairment of Long-Lived Assets Other Than Goodwill

Goodwill

Goodwill

Investment in Direct Financing Lease

Investment in Direct Financing Lease

Investment in Affiliates

Investment in Affiliates

Investments in affiliates that are equal to or less than 50%-owned over which CCA can exercise significant influence are accounted for using the equity method of accounting.

Debt Issuance Costs

Debt Issuance Costs

Management and Other Revenue

Management and Other Revenue

Rental Revenue

Rental Revenue

Rental revenue is recognized based on the terms of CCA’s leases.

Self-Funded Insurance Reserves

Self-Funded Insurance Reserves

Income Taxes

Income Taxes

Foreign Currency Transactions

Foreign Currency Transactions

Fair Value of Financial Instruments

Fair Value of Financial Instruments


	December 31,
	2012						2011
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Investment in direct financing lease	$	9,233		$	10,852		$	10,798		$	12,613
Note receivable from APM	$	4,819		$	8,678		$	4,749		$	7,825
Debt	$	(1,111,545	)	$	(1,152,550	)	$	(1,245,014	)	$	(1,302,550	)

Use of Estimates in Preparation of Financial Statements

Use of Estimates in Preparation of Financial Statements

Concentration of Credit Risks

Concentration of Credit Risks

Comprehensive Income

Comprehensive Income

Accounting for Stock-Based Compensation

Accounting for Stock-Based Compensation

Restricted Stock

Stock Options

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Useful Life Of Property And Equipment

Useful lives for property and equipment are as follows:


Land improvements			5 – 20 years
Buildings and improvements			5 – 50 years
Equipment and software			3 – 5 years
Office furniture and fixtures			5 years

Schedule Of Financial Instruments Having Difference Between Carrying Amount And Fair Value

At December 31, 2012 and 2011, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands):


	December 31,
	2012						2011
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Investment in direct financing lease	$	9,233		$	10,852		$	10,798		$	12,613
Note receivable from APM	$	4,819		$	8,678		$	4,749		$	7,825
Debt	$	(1,111,545	)	$	(1,152,550	)	$	(1,245,014	)	$	(1,302,550	)

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property And Equipment

Property and equipment, at cost, consists of the following (in thousands):


	December 31,
	2012			2011
Land and improvements	$	122,258		$	119,171
Buildings and improvements		3,036,018			2,958,044
Equipment and software		318,314			301,786
Office furniture and fixtures		30,805			30,251
Construction in progress		60,572			99,408

		3,567,967			3,508,660
Less: Accumulated depreciation		(999,176	)		(899,920	)

	$	2,568,791		$	2,608,740

Schedule Of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2012 under these operating leases are as follows:


2013	$	4,919
2014		4,929
2015		3,547
2016		825
2017		825
Thereafter		7,425

Schedule Of Minimum Rentals To Be Received Under The Direct Financing Lease In Future Years

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

INVESTMENT IN DIRECT FINANCING LEASE (Tables)

12 Months Ended

Dec. 31, 2012

A schedule of minimum rentals to be received under the direct financing lease in future years is as follows (in thousands):


2013	$	2,793
2014		2,793
2015		2,793
2016		2,793
2017		694

Total minimum obligation		11,866
Less unearned interest income		(2,633	)
Less current portion of direct financing lease		(1,766	)

Investment in direct financing lease	$	7,467

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Accounts Payable And Accrued Expenses

Accounts payable and accrued expenses consist of the following (in thousands):


	December 31,
	2012		2011
Trade accounts payable	$	46,662	$	45,447
Accrued salaries and wages		42,443		49,802
Accrued workers’ compensation and auto liability		8,455		8,092
Accrued litigation		8,795		11,221
Accrued employee medical insurance		10,480		10,353
Accrued property taxes		24,434		23,405
Accrued interest		3,509		14,270
Other		21,222		33,136

	$	166,000	$	195,726

DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Debt Outstanding

Debt consists of the following (in thousands):


	December 31,
	2012		2011
Revolving Credit Facility, principal due at maturity in December 2016; interest payable periodically at variable interest rates. The weighted average rate at December 31, 2012 and 2011 was 1.7% and 1.0%, respectively.	$	655,000	$	265,000

6.25% Senior Notes, principal due at maturity in March 2013; interest payable semi-annually in March and September at 6.25%. These notes were redeemed in 2012, as further described hereafter.		—		375,000

6.75% Senior Notes, principal due at maturity in January 2014; interest payable semi-annually in January and July at 6.75%. These notes were redeemed in 2012, as further described hereafter.		—		150,000

7.75% Senior Notes, principal due at maturity in June 2017; interest payable semi-annually in June and December at 7.75%. These notes were issued with a $13.4 million discount, of which $8.5 million and $10.0 million was unamortized at December 31, 2012 and 2011, respectively.		456,545		455,014

	$	1,111,545	$	1,245,014

Schedule Of Principal Payments

Scheduled principal payments as of December 31, 2012 for the next five years and thereafter were as follows (in thousands):


2013	$	—
2014		—
2015		—
2016		655,000
2017		465,000
Thereafter		—

Total principal payments		1,120,000
Unamortized bond discount		(8,455	)

Total debt	$	1,111,545

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Components Of Income Tax Expense

Income tax expense is comprised of the following components (in thousands):


	For the Years Ended December 31,
	2012			2011		2010
Current income tax expense
Federal	$	75,940		$	71,230	$	63,056
State		5,885			6,466		5,506

		81,825			77,696		68,562

Deferred income tax expense
Federal		8,576			17,167		24,035
State		(2,815	)		2,154		2,168

		5,761			19,321		26,203

Income tax expense	$	87,586		$	97,017	$	94,765

Components Of Deferred Tax Assets And Liabilities

Significant components of CCA’s deferred tax assets and liabilities as of December 31, 2012 and 2011, are as follows (in thousands):


	December 31,
	2012			2011
Current deferred tax assets:
Asset reserves and liabilities not yet deductible for tax	$	12,198		$	14,350

Net current deferred tax assets		12,198			14,350

Current deferred tax liabilities:
Other		(4,176	)		(2,582	)

Net total current deferred tax assets	$	8,022		$	11,768

Noncurrent deferred tax assets:
Asset reserves and liabilities not yet deductible for tax	$	24,392		$	21,145
Tax over book basis of certain assets		13,994			17,347
Net operating loss and tax credit carryforwards		8,843			9,095
Other		261			874

Total noncurrent deferred tax assets		47,490			48,461
Less valuation allowance		(2,655	)		(2,862	)

Net noncurrent deferred tax assets		44,835			45,599

Noncurrent deferred tax liabilities:
Book over tax basis of certain assets		(184,334	)		(182,084	)
Other		(27	)		(18	)

Total noncurrent deferred tax liabilities		(184,361	)		(182,102	)

Net total noncurrent deferred tax liabilities	$	(139,526	)	$	(136,503	)

Reconciliation Of Income Tax Provision At Statutory Income Tax Rate And Effective Tax Rate


	2012			2011			2010
Statutory federal rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal tax benefit		1.0			2.6			2.7
Permanent differences		0.7			0.5			0.7
Change in valuation allowance		0.0			0.1			(0.1	)
Changes in tax contingencies		0.0			(0.1	)		0.0
Other items, net		(0.9	)		(0.9	)		(0.9	)

		35.8	%		37.2	%		37.4	%

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits, Excluding Interest And Penalties

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:


Unrecognized Benefit January 1, 2011	$	98
Decreases from Prior Period Tax Positions		—
Increases from Current Period Tax Positions		—
Decreases Related to Settlements of Tax Positions		—
Decreases Due to Lapse of Statute of Limitations		(98	)

Unrecognized Benefit December 31, 2011	$	—
Decreases from Prior Period Tax Positions		—
Increases from Current Period Tax Positions		—
Decreases Related to Settlements of Tax Positions		—
Decreases Due to Lapse of Statute of Limitations		—

Unrecognized Benefit December 31, 2012	$	—

Summarized Results Of Operations For Discontinued Facilities

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

The following table summarizes the results of operations for these facilities for the years ended December 31, 2012, 2011, and 2010 (in thousands):


	For the Years Ended December 31,
	2012			2011			2010
REVENUE:
Managed-only	$	193		$	11,270		$	34,620

		193			11,270			34,620

EXPENSES:
Managed-only		861			12,527			32,324
Depreciation and amortization		—			715			2,563
Goodwill impairment		—			—			1,684

		861			13,242			36,571

OPERATING LOSS		(668	)		(1,972	)		(1,951	)
Other income		91			—			60

LOSS BEFORE INCOME TAXES		(577	)		(1,972	)		(1,891	)
Income tax benefit		215			716			721

LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES	$	(362	)	$	(1,256	)	$	(1,170	)

Consolidated Balance Sheets Of The Discontinued Operations

The assets and liabilities of the discontinued operations presented in the accompanying consolidated balance sheets are as follows (in thousands):


	December 31,
	2012		2011
ASSETS
Cash and cash equivalents	$	—	$	30
Accounts receivable		—		3,353
Prepaid expenses and other current assets		—		115

Total current assets		—		3,498
Property and equipment, net		—		178

Other assets		—		3

Total assets	$	—	$	3,679

LIABILITIES
Accounts payable and accrued expenses	$	356	$	2,031

Total current liabilities	$	356	$	2,031

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Nonvested Restricted Common Stock Transactions

Nonvested restricted common stock transactions as of December 31, 2012 and for the year then ended are summarized below (in thousands, except per share amounts).


	Shares of restricted common stock and units			Weighted average grant date fair value
Nonvested at December 31, 2011		768		$	20.47
Granted		349		$	26.36
Cancelled		(18	)	$	21.96
Vested		(319	)	$	16.81

Nonvested at December 31, 2012		780		$	24.59

Summary Of Stock Option Transactions Relating To Non-Qualified Stock Option Plans

Stock option transactions relating to CCA’s non-qualified stock option plans are summarized below (in thousands, except exercise prices):

No. of
options

Weighted-
Average
Exercise Price
of options

Weighted-
Average
Remaining
Contractual
Term

Aggregate
Intrinsic
Value

Outstanding at December 31, 2011

3,653

18.63

Granted

787

26.44

Exercised

(366

)

13.46

Cancelled

(27

)

20.42

Outstanding at December 31, 2012

4,047

20.61

6.0

60,160

Exercisable at December 31, 2012

2,726

18.81

4.8

45,396

Schedule Of Estimated Fair Value Of Option Grant Using Black-Scholes Option Pricing Model

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:


	2012			2011			2010
Expected dividend yield		3.0	%		0.0	%		0.0	%
Expected stock price volatility		42.2	%		42.1	%		38.8	%
Risk-free interest rate		1.0	%		2.1	%		2.4	%
Expected life of options		5 years			5 years			5 years

Summary Of Nonvested Stock Option Transactions Relating To Non-Qualified Stock Option Plans


	Number of options			Weighted average grant date fair value
Nonvested at December 31, 2011		1,189		$	7.89
Granted		787		$	7.50
Cancelled		(25	)	$	7.64
Vested		(630	)	$	7.35

Nonvested at December 31, 2012		1,321		$	7.91

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share


	For the Years Ended December 31,
	2012			2011			2010
NUMERATOR
Basic:
Income from continuing operations	$	157,123		$	163,766		$	158,363
Loss from discontinued operations, net of taxes		(362	)		(1,256	)		(1,170	)

Net income	$	156,761		$	162,510		$	157,193


Diluted:
Income from continuing operations	$	157,123		$	163,766		$	158,363
Loss from discontinued operations, net of taxes		(362	)		(1,256	)		(1,170	)

Diluted net income	$	156,761		$	162,510		$	157,193


DENOMINATOR
Basic:
Weighted average common shares outstanding		99,545			104,736			112,015


Diluted:
Weighted average common shares outstanding		99,545			104,736			112,015
Effect of dilutive securities:
Stock options		864			603			769
Restricted stock-based compensation		214			196			193

Weighted average shares and assumed conversions		100,623			105,535			112,977


BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.58		$	1.56		$	1.41
Loss from discontinued operations, net of taxes		—			(0.01	)		(0.01	)

Net income	$	1.58		$	1.55		$	1.40


DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.56		$	1.55		$	1.40
Loss from discontinued operations, net of taxes		—			(0.01	)		(0.01	)

Net income	$	1.56		$	1.54		$	1.39

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Revenue And Facility Contribution Of Reportable Segments And Reconciliation To CCA's Operating Income


	For the Years Ended December 31,
	2012			2011			2010
Revenue:
Owned and managed	$	1,395,193		$	1,356,678		$	1,331,707
Managed-only		359,417			361,246			324,858

Total management revenue		1,754,610			1,717,924			1,656,565


Operating expenses:
Owned and managed		916,730			864,252			853,248
Managed-only		317,761			310,701			282,165

Total operating expenses		1,234,491			1,174,953			1,135,413


Facility contribution:
Owned and managed		478,463			492,426			478,459
Managed-only		41,656			50,545			42,693

Total facility contribution		520,119			542,971			521,152


Other revenue (expense):
Rental and other revenue		5,275			6,419			6,752
Other operating expense		(17,693	)		(15,920	)		(15,750	)
General and administrative expense		(88,935	)		(91,227	)		(84,148	)
Depreciation and amortization		(113,933	)		(108,216	)		(103,710	)

Operating income	$	304,833		$	334,027		$	324,296

Summary Of Capital Expenditures For Reportable Segments

The following table summarizes capital expenditures for the reportable segments for the years ended December 31, 2012, 2011, and 2010 (in thousands):


	For the Years Ended December 31,
	2012		2011		2010
Capital expenditures:
Owned and managed	$	54,681	$	151,724	$	120,144
Managed-only		4,580		8,452		9,745
Corporate and other		17,685		10,905		7,822
Discontinued operations		—		301		491

Total capital expenditures	$	76,946	$	171,382	$	138,202

Schedule Of Assets For The Reportable Segments

The assets for the reportable segments are as follows (in thousands):


	December 31,
	2012		2011
Assets:
Owned and managed	$	2,643,055	$	2,711,926
Managed-only		130,927		123,806
Corporate and other		200,760		180,220
Discontinued operations		—		3,679

Total assets	$	2,974,742	$	3,019,631

Condenced Consolidating Balance Sheet

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES (Tables)

12 Months Ended

Dec. 31, 2012

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2012

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

ASSETS

Cash and cash equivalents

—

62,897

—

62,897

Accounts receivable, net of allowance

136,128

255,192

(138,556

)

252,764

Deferred tax assets

137

7,885

—

8,022

Prepaid expenses and other current assets

1,766

35,175

(9,882

)

27,059

Total current assets

138,031

361,149

(148,438

)

350,742

Property and equipment, net

2,462,917

105,874

—

2,568,791

Restricted cash

—

5,022

—

5,022

Investment in direct financing lease

7,467

—

7,467

Goodwill

—

11,988

—

11,988

Other assets

191,502

114,953

(275,723

)

30,732

Total assets

2,799,917

598,986

(424,161

)

2,974,742

LIABILITIES AND STOCKHOLDERS’ EQUITY

Accounts payable and accrued expenses

28,061

286,342

(148,403

)

166,000

Income taxes payable

—

102

—

102

Current liabilities of discontinued operations

—

356

—

356

Total current liabilities

28,061

286,800

(148,403

)

166,458

Long-term debt

1,111,545

100,000

(100,000

)

1,111,545

Deferred tax liabilities

138,691

835

—

139,526

Other liabilities

—

35,593

—

35,593

Total liabilities

1,278,297

423,228

(248,403

)

1,453,122

Total stockholders’ equity

1,521,620

175,758

(175,758

)

1,521,620

Total liabilities and stockholders’ equity

2,799,917

598,986

(424,161

)

2,974,742

Condenced Consolidating Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the year ended December 31, 2012

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

REVENUE:

Management and other

1,408,613

366,199

(17,591

)

1,757,221

Rental

2,664

—

2,664

1,411,277

366,199

(17,591

)

1,759,885

EXPENSES:

Operating

943,803

325,972

(17,591

)

1,252,184

General and administrative

70,792

18,143

—

88,935

Depreciation and amortization

74,452

39,481

—

113,933

1,089,047

383,596

(17,591

)

1,455,052

OPERATING INCOME (LOSS)

322,230

(17,397

)

—

304,833

OTHER (INCOME) EXPENSE:

Interest expense, net

57,174

1,189

—

58,363

Expenses associated with debt refinancing transactions

2,099

—

2,099

Other (income) expense

(31

)

(323

)

(338

)

59,289

1,158

(323

)

60,124

INCOME (LOSS) FROM CONTINUING

OPERATIONS BEFORE INCOME TAXES

262,941

(18,555

)

323

244,709

Income tax (expense) benefit

(93,870

)

6,284

—

(87,586

)

INCOME (LOSS) FROM CONTINUING OPERATIONS

169,071

(12,271

)

323

157,123

Loss from equity in subsidiaries

(12,310

)

—

12,310

—

Loss from discontinued operations, net of taxes

—

(362

)

—

(362

)

NET INCOME (LOSS)

156,761

(12,633

)

12,633

156,761

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the year ended December 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by operating activities	$	260,602		$	22,654		$	—	$	283,256
Net cash used in investing activities		(42,378	)		(37,542	)		—		(79,920	)
Net cash used in financing activities		(218,224	)		21,953			—		(196,271	)

Net Increase in Cash and Cash Equivalents		—			7,065			—		7,065
CASH AND CASH EQUIVALENTS, beginning of year		—			55,832			—		55,832

CASH AND CASH EQUIVALENTS, end of year	$	—		$	62,897		$	—	$	62,897

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Selected Quarterly Financial Information

Selected quarterly financial information for each of the quarters in the years ended December 31, 2012 and 2011 is as follows (in thousands, except per share data):


	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Revenue	$	435,305	$	442,866	$	444,853	$	436,861
Operating income		69,544		74,885		79,888		80,516
Net income		31,680		37,334		42,339		45,408

Basic earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.46

Diluted earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.45


	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Revenue ⁽¹⁾	$	425,180		$	429,944		$	432,137		$	437,082
Operating income ⁽¹⁾		83,645			87,100			80,905			82,377
Loss from discontinued operations, net of taxes ⁽¹⁾		(110	)		(198	)		(107	)		(841	)
Net income		40,330			42,418			39,240			40,522

Basic earnings per share:
Net income ⁽²⁾	$	0.37		$	0.40		$	0.38		$	0.41

Diluted earnings per share:
Net income ⁽²⁾	$	0.37		$	0.39		$	0.37		$	0.41

⁽¹⁾	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

⁽²⁾	The earnings per share amounts were favorably impacted by the reduction in CCA’s weighted average shares outstanding resulting from share repurchases under CCA’s share repurchase program.


	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Total revenue previously reported	$	428,074		$	432,803		$	435,043		$	439,693
Discontinued operations		(2,894	)		(2,859	)		(2,906	)		(2,611	)

Revised total revenue	$	425,180		$	429,944		$	432,137		$	437,082

Operating income previously reported	$	83,467		$	86,781		$	80,735		$	81,072
Discontinued operations		178			319			170			1,305

Revised operating income	$	83,645		$	87,100		$	80,905		$	82,377

Income from discontinued operations, net of taxes, previously reported	$	—		$	—		$	—		$	—
Discontinued operations subsequent to the respective reporting period		(110	)		(198	)		(107	)		(841	)

Revised loss from discontinued operations, net of taxes	$	(110	)	$	(198	)	$	(107	)	$	(841	)

Organization and Operations - Additional Information (Detail)	Dec. 31, 2012 State Bed Facility
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of facilities operated by company	67
Number of facilities owned by company	47
Number of beds at the facility	92,500
Number of states in which company facilities are located	20
Number of correctional facilities leased to third-party operators	2

Summary Of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Organization And Operations [Line Items]
Restricted cash	$ 5,000,000	$ 5,000,000
Accounts receivable, net of allowances for doubtful accounts	252,764,000	269,685,000
Accounts receivable, allowances for doubtful accounts	$ 2,578,000	$ 1,218,000
Percentage of ownership required for exercise significant influence in affiliates	50.00%
Federal Correctional And Detention Authorities
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	43.00%	43.00%	43.00%
Federal Bureau Of Prisons
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	12.00%	12.00%	15.00%
United States Marshals Service
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	19.00%	20.00%	16.00%
United States Immigration And Customs Enforcement
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	12.00%	12.00%	12.00%
State Correctional Authorities
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	50.00%	50.00%	50.00%
State Of California Department Of Corrections And Rehabilitation
Organization And Operations [Line Items]
Percentage of revenues generated from government management contracts	12.00%	13.00%	13.00%
Minimum
Organization And Operations [Line Items]
Renewal of contract terms	2
Maximum
Organization And Operations [Line Items]
Renewal of contract terms	5

The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

+ References+ Details

The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations.

+ References+ Details

Schedule Of Useful Life Of Property And Equipment (Detail)	12 Months Ended
	Dec. 31, 2012
Land Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	5 years
Land Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	20 years
Building and Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	5 years
Building and Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	50 years
Equipment And Software \| Minimum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	3 years
Equipment And Software \| Maximum
Property, Plant and Equipment [Line Items]
Average number of useful life in years	5 years
Office Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Average number of useful life in years	5 years

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment in direct financing lease, Carrying Amount	$ 9,233	$ 10,798
Note receivable from APM, Carrying Amount	4,819	4,749
Debt, Carrying Amount	(1,111,545)	(1,245,014)
Investment in direct financing lease, Fair Value	10,852	12,613
Note receivable from APM, Fair Value	8,678	7,825
Debt, Fair Value	$ (1,152,550)	$ (1,302,550)

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay.

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+ Details

Goodwill - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2010	Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Line Items]
Establishment of goodwill	This goodwill was established in connection with the acquisitions of two service companies during 2000.
Goodwill	$ 11,988		$ 11,988
Goodwill impairment charges		$ 1,684

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

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+ Details

Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment.

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+ Details

Property And Equipment - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012 Facility Building Property	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 Elizabeth Detention Center	Dec. 31, 2012 North Georgia Detention Center	Dec. 31, 2012 San Diego Correctional Facility	Dec. 31, 2009 Wheeler County Development Authority Y	Dec. 31, 2009 Douglas-Coffee County Industrial Authority Y
Number of real estate properties owned	51
Number of correctional and detention facilities	49
Number of real estate properties leased	2
Number of vacant real estate properties	1
Number of corporate office buildings	2
Number of correctional and detention facilities owned by government agencies	20
Interest capitalization cost on construction in progress	$ 1,100,000	$ 1,600,000	$ 3,900,000
Depreciation expense	114,100,000	108,400,000	106,100,000
Number of facilities subject to options	11
Number of facilities subject to options that are constructed on land which is leased from governmental agencies	2
Number of facilities also subject to purchase option	1
Operating lease, expire date				June 2015	2027	December 2015
Rental expenses incurred on lease property	4,700,000	6,200,000	6,200,000
Percentage of income tax abatement							50.00%	100.00%
Principal amount of bond issued							30,000,000	33,000,000
Purchase price paid for real property in addition to bonds value							$ 100	$ 100
Number of years of tax abatement							6	5

Property And Equipment (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Land and improvements	$ 122,258	$ 119,171
Buildings and improvements	3,036,018	2,958,044
Equipment and software	318,314	301,786
Office furniture and fixtures	30,805	30,251
Construction in progress	60,572	99,408
Property and equipment, gross	3,567,967	3,508,660
Less: Accumulated depreciation	(999,176)	(899,920)
Property, and Equipment, total	$ 2,568,791	$ 2,608,740

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References+ Details

Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

+ References+ Details

Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

+ References+ Details

Schedule Of Future Minimum Lease Payments (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Leases Future Minimum Payments [Line Items]
2013	$ 4,919
2014	4,929
2015	3,547
2016	825
2017	825
Thereafter	$ 7,425

Facility Activation Developments and Closures - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended		12 Months Ended		1 Months Ended				1 Months Ended	3 Months Ended	12 Months Ended	1 Months Ended	3 Months Ended		12 Months Ended	1 Months Ended	9 Months Ended	1 Months Ended
	Dec. 31, 2012 Bed	Dec. 31, 2011	Dec. 31, 2012	Jan. 31, 2012 Otter Creek Correctional Center Facility	Jan. 31, 2012 Otter Creek Correctional Center Minimum	Dec. 31, 2010 Prairie Correctional Facility Facility	Dec. 31, 2010 Huerfano County Correctional Center Facility Facility	Dec. 31, 2010 Diamondback Correctional Facility Facility	Sep. 30, 2010 Jenkins Correctional Center D RenewalOptions Y	Mar. 31, 2012 Jenkins Correctional Center	Dec. 31, 2012 Jenkins Correctional Center	Dec. 31, 2011 Lake Erie Correctional Institution	Mar. 31, 2012 Lake Erie Correctional Institution Y	Sep. 30, 2011 Lake Erie Correctional Institution Facility	Dec. 31, 2012 San Diego Correctional Facility Facility	Sep. 30, 2012 Red Rock Correctional Center RenewalOptions Facility	Sep. 30, 2012 Red Rock Correctional Center California State	Sep. 30, 2012 Red Rock Correctional Center Beginning in January of 2014	Sep. 30, 2012 Red Rock Correctional Center 2015
Facility Activations Developments And Closures [Line Items]
Construction cost of facility, capitalized amount			$ 29.0
Equipment			0.6
Pre-fabricated concrete cells			15.2
Number of beds at the facility	92,500			656		1,600	752	2,160						1,798	1,154	1,596
Assumption of ownership of the facility by the City of Wheelwright if CCA ceases to operate the facility, duration					2 years
Lease default settlement, lessor payment in satisfaction of future lease obligations	1.0
Carrying value of idle facilities	132.1	137.0
Expected additional number of offenders to be managed by the company									1,150	1,130	1,130					1,000		500	500
Construction cost										51.0	51.0
Construction contract initial term, in years									1				20
Construction contract number of renewal options									24
Construction contract renewal option term, in years									1
Population guarantee, percentage									90.00%
Ramp-up period, in days									120
Terms of contract awarded by the Georgia Department of Corrections										The contract has an initial one-year base term with 24 one-year renewal options. Additionally, the contract provides for a population guarantee of 90% of the contracted beds which commenced in July 2012 following a 120-day ramp-up period.
Purchase price of facility												73.0
Percentage of guaranteed occupancy under management contract												90.00%				90.00%
Lease expiration date															Dec. 31, 2015
Amount invested to acquire property															48.7
Management contract, initial term																10 years
Management contract, number of renewal options																2
Management contract, renewal option term																5 years
Management contract term facility will revert to the state of Arizona																20 years
Expected capital improvements cost for certain physical plant modifications																$ 20.0
Currently managed inmates																	1,500

Investment In Affiliate - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012 Y	Dec. 31, 2011	Dec. 31, 2010
Investments in and Advances to Affiliates [Line Items]
Ownership interest in APM	50.00%
Duration of prison management contract with an agency of the United Kingdom government	25
Working capital loan to APM	$ 4,800,000
Equity earnings (losses) of joint venture	$ 323,000	$ (134,000)	$ 18,000

The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

+ References+ Details

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

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-Article 7

+ Details

Investment In Direct Financing Lease (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Schedule of Finance Lease Obligations [Line Items]
2013	$ 2,793
2014	2,793
2015	2,793
2016	2,793
2017	694
Total minimum obligation	11,866
Less unearned interest income	(2,633)
Less current portion of direct financing lease	(1,766)
Investment in direct financing lease	$ 7,467

Schedule Of Other Assets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Schedule of Other Assets [Line Items]
Debt issuance costs, less accumulated amortization of $4,987 and $13,779, respectively	$ 11,568	$ 10,115
Notes receivable, net	4,175	3,922
Cash equivalents and cash surrender value of life insurance held in Rabbi trust	12,559	8,801
Deposits	2,013	1,791
Other	417	418
Other assets, total	$ 30,732	$ 25,047

Carrying amount as of the balance sheet date of amounts which could be received based on the terms of the insurance contract upon surrendering life policies owned by the entity.

+ References+ Details

Schedule Of Accounts Payable And Accrued Expenses (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Accounts Payable and Accrued Liabilities [Line Items]
Trade accounts payable	$ 46,662	$ 45,447
Accrued salaries and wages	42,443	49,802
Accrued workers' compensation and auto liability	8,455	8,092
Accrued litigation	8,795	11,221
Accrued employee medical insurance	10,480	10,353
Accrued property taxes	24,434	23,405
Accrued interest	3,509	14,270
Other	21,222	33,136
Accounts payable and accrued expenses, total	$ 166,000	$ 195,726

Accounts Payable And Accrued Expenses - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Accounts Payable and Accrued Liabilities [Line Items]
Workers' compensation and auto liability	$ 23.5	$ 22.3
Workers' compensation discount rate	3.00%	3.00%
Workers compensation and auto liability, undiscounted basis	$ 26.3	$ 25.0

Percent discount applied to worker's compensation reserve liability to reduce the reserve to present value.

+ References+ Details

Schedule of Debt Outstanding (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
Long-term debt	$ 1,111,545	$ 1,245,014
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	655,000	265,000
Senior Notes 6.25% Due 2013
Debt Instrument [Line Items]
Long-term debt		375,000
Senior Notes 6.75% Due 2014
Debt Instrument [Line Items]
Long-term debt		150,000
Senior Notes 7.75% Due 2017
Debt Instrument [Line Items]
Long-term debt	$ 456,545	$ 455,014

+ References+ Details

Schedule of Debt Outstanding (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
Notes issued with a discount	$ 8,455,000
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving Credit Facility maturity date	Dec. 31, 2016
Weighted average rate	1.70%	1.00%
Senior Notes interest payable dates	interest payable periodically at variable interest rates
Senior Notes 6.25% Due 2013
Debt Instrument [Line Items]
Interest rate stated percentage of Senior Notes	6.25%
Note maturity date	Mar. 15, 2013
Senior Notes interest payable dates	interest payable semi-annually in March and September at 6.25%.
Senior Notes 6.75% Due 2014
Debt Instrument [Line Items]
Interest rate stated percentage of Senior Notes	6.75%
Note maturity date	Jan. 31, 2014
Senior Notes interest payable dates	interest payable semi-annually in January and July at 6.75%.
Senior Notes 7.75% Due 2017
Debt Instrument [Line Items]
Interest rate stated percentage of Senior Notes	7.75%
Note maturity date	Jun. 01, 2017
Senior Notes interest payable dates	interest payable semi-annually in June and December at 7.75%.
Notes issued with a discount	13,400,000
Notes, unamortized	$ 8,500,000	$ 10,000,000

The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.

+ References+ Details

The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized.

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+ Details

Debt - Additional Information (Detail) (USD $)	12 Months Ended		3 Months Ended	12 Months Ended			1 Months Ended		3 Months Ended	12 Months Ended		12 Months Ended	3 Months Ended	12 Months Ended			12 Months Ended
Debt - Additional Information (Detail) (USD $)	Dec. 31, 2012	Dec. 31, 2011	Mar. 31, 2012 Amended Revolving Credit Facility	Dec. 31, 2012 Amended Revolving Credit Facility	Dec. 31, 2012 Amended Revolving Credit Facility Minimum	Dec. 31, 2012 Amended Revolving Credit Facility Maximum	Dec. 31, 2011 Senior Notes 6.25% Due 2013	Jan. 06, 2012 Senior Notes 6.25% Due 2013	Jun. 30, 2012 Senior Notes 6.25% Due 2013	Dec. 31, 2012 Senior Notes 6.25% Due 2013	Sep. 30, 2012 Senior Notes 6.25% Due 2013	Dec. 31, 2012 Senior Notes 7.75% Due 2017	Mar. 31, 2012 Revolving Credit Facility	Dec. 31, 2012 Revolving Credit Facility	Dec. 31, 2012 Swingline Loans	Dec. 31, 2012 Letter of Credit	Dec. 31, 2012 Senior Notes 6.75% Due 2014	Dec. 31, 2012 Senior Notes 6.75% Due 2014 Scenario 1	Dec. 31, 2012 Senior Notes 6.75% Due 2014 Scenario 2	Dec. 31, 2012 Senior Notes 6.75% Due 2014 Scenario 3
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity				$ 785,000,000										$ 450,000,000	$ 30,000,000
Revolving Credit Facility initiation date														Dec. 31, 2007
Debt issuance costs, capitalized			6,000,000
Charge against write-off of loan costs									100,000				100,000				500,000
Revolving Credit Facility maturity date														Dec. 31, 2016
Line of credit interest on outstanding borrowings				At CCA's option, interest on outstanding borrowings of the Amended Revolving Credit Facility is based on either a base rate plus a margin ranging from 0.25% to 1.0% or a London Interbank Offered Rate ("LIBOR") plus a margin of 1.25% to 2.0% based on CCA's leverage ratio.
Base rate plus a margin				0.50%	0.25%	1.00%
LIBOR plus a margin				1.50%	1.25%	2.00%
Percentage of commitment fee to unfunded balance				0.30%
Sublimit for issuance of standby letters of credit				100,000,000
Borrowings under credit facility				655,000,000												26,000,000
Line of credit facility				104,000,000
Percentage of capital stock of foreign subsidiary secured by pledge under Revolving Credit Facilities				65.00%
Aggregate principal amount										375,000,000		465,000,000					150,000,000
Interest rate stated percentage of Senior Notes										6.25%		7.75%					6.75%
Unsecured senior notes issued date										Mar. 31, 2005		Jun. 30, 2009					Jan. 31, 2006
Note maturity date										Mar. 15, 2013		Jun. 01, 2017					Jan. 31, 2014
Maximum cash tender offer							150,000,000
Early tender deadline date							January 5, 2012
Total consideration offered upon tendering of senior notes							1,002.50
Principal amount of Senior Notes for which consideration is offered							1,000
Cash tender paid								57,500,000
Redemption of Senior Notes								277,500,000
Principal amount of Senior Notes outstanding after redemption								40,000,000			40,000,000
Amount charged against purchase and redemption of debt										1,400,000
Redemption date										April 16, 2012
Percentage of redemption price of the principal amount together with accrued and unpaid interest											100.00%						100.00%
Redemption date																		Jun. 14, 2012	Aug. 27, 2012	Dec. 19, 2012
Redeemable aggregate principal amount																		60,000,000	50,000,000	40,000,000
Issued price of Senior Notes												97.116%
Yield to maturity												8.25%
Percentage holding shares of subsidiaries guaranteeing the Senior Notes										100.00%		100.00%					100.00%
Percentage of Senior Notes offer price in connection with an asset sale	100.00%
Percentage of Senior Notes offer price in connection with change in control	101.00%
Revolving Credit Facility letters of credit outstanding	$ 26,000,000	$ 28,300,000

Schedule Of Principal Payments (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
2013
2014
2015
2016	655,000
2017	465,000
Thereafter
Total principal payments	1,120,000
Unamortized bond discount	(8,455)
Total debt	$ 1,111,545	$ 1,245,014

Components Of Income Tax Expense (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Income Tax Expenses [Line Items]
Current income tax expense, Federal	$ 75,940	$ 71,230	$ 63,056
Current income tax expense, State	5,885	6,466	5,506
Current income tax expense, Total	81,825	77,696	68,562
Deferred income tax expense, Federal	8,576	17,167	24,035
Deferred income tax expense, State	(2,815)	2,154	2,168
Deferred income tax expense, Total	5,761	19,321	26,203
Income tax expense	$ 87,586	$ 97,017	$ 94,765

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations.

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details

The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations.

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+ Details

The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law.

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The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

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+ Details

The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws.

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Deferred Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6510177

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 8, 16, 17, 289

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References+ Details

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Income Taxes [Line Items]
Current income tax expense	$ 100,000	$ 900,000	$ 800,000
Tax benefits associated with equity-based compensation	2,609,000	1,845,000	3,837,000
Net operating losses carry forward	3,600,000
Net operating losses valuation allowances	600,000
Tax credits carry forward	5,200,000
Tax credits carry forward, valuation allowances	1,600,000
Net operating losses carry forward expiration dates	2020
Tax credits carry forward expiration dates	2020
Effective tax rate	35.80%	37.20%	37.40%
Expected net tax benefit	$ (2,900,000)

Components Of Deferred Tax Assets And Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Deferred Income Tax Assets And Liabilities [Line Items]
Asset reserves and liabilities not yet deductible for tax	$ 12,198	$ 14,350
Net current deferred tax assets	12,198	14,350
Current deferred tax liabilities, Other	(4,176)	(2,582)
Net total current deferred tax assets	8,022	11,768
Asset reserves and liabilities not yet deductible for tax	24,392	21,145
Tax over book basis of certain assets	13,994	17,347
Net operating loss and tax credit carryforwards	8,843	9,095
Noncurrent deferred tax assets, Other	261	874
Total noncurrent deferred tax assets	47,490	48,461
Less valuation allowance	(2,655)	(2,862)
Net noncurrent deferred tax assets	44,835	45,599
Book over tax basis of certain assets	(184,334)	(182,084)
Deferred tax liabilities, other	(27)	(18)
Total noncurrent deferred tax liabilities	(184,361)	(182,102)
Net total noncurrent deferred tax liabilities	$ (139,526)	$ (136,503)

Reconciliation Of Income Tax Provision At Statutory Income Tax Rate And Effective Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Reconciliation of Provision of Income Taxes [Line Items]
Statutory federal rate	35.00%	35.00%	35.00%
State taxes, net of federal tax benefit	1.00%	2.60%	2.70%
Permanent differences	0.70%	0.50%	0.70%
Change in valuation allowance	0.00%	0.10%	(0.10%)
Changes in tax contingencies	0.00%	(0.10%)	0.00%
Other items, net	(0.90%)	(0.90%)	(0.90%)
Effective income tax rate, Total	35.80%	37.20%	37.40%

A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations.

+ References+ Details

Discontinued Operations [Line Items]

The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems.

+ References+ Details

Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits, Excluding Interest And Penalties (Detail) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Reconciliation of Unrecognized Tax Benefits [Line Items]
Unrecognized Benefit Beginning		$ 98
Decreases from Prior Period Tax Positions
Increases from Current Period Tax Positions
Decreases Related to Settlements of Tax Positions
Decreases Due to Lapse of Statute of Limitations		$ (98)

Summarized Results of Operations for Discontinued Facilities (Detail) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Managed-only, Revenue

$ 193

$ 11,270

$ 34,620

Discontinued operations - revenue

2,611

2,906

2,859

2,894

193

11,270

34,620

Managed-only, Expenses

861

12,527

32,324

Depreciation and amortization, Expenses

715

2,563

Goodwill impairment, Expenses

1,684

Disposal Group, Including Discontinued Operation, Operating Expense, Total

861

13,242

36,571

OPERATING LOSS

1,305

170

319

178

(668)

(1,972)

(1,951)

Other income

LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES

(577)

(1,972)

(1,891)

Income tax benefit

215

716

721

LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES

$ (841)

^[1]

$ (107)

^[1]

$ (198)

^[1]

$ (110)

^[1]

$ (362)

$ (1,256)

$ (1,170)

[1]	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

Consolidated Balance Sheets of Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Discontinued Operations [Line Items]
Cash and cash equivalents		$ 30
Accounts receivable		3,353
Prepaid expenses and other current assets		115
Total current assets		3,498
Property and equipment, net		178
Other assets		3
Total assets		3,679
Accounts payable and accrued expenses	356	2,031
Total current liabilities	$ 356	$ 2,031

Stockholders Equity - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended			3 Months Ended	12 Months Ended			24 Months Ended		48 Months Ended
	Aug. 31, 2011	May 31, 2011	Feb. 28, 2010	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2009	Dec. 31, 2011	Feb. 27, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Dividend per share				$ 0.20	$ 0.60
Annual dividend per share											$ 0.80
Approval of share repurchase program of CCA's common stock by company's Board of Directors	$ 500.0	$ 350.0	$ 250.0
Increased aggregate value of shares authorized for repurchase under share repurchase program		100.0
Common stock repurchased by CCA, shares								17,700,000	10,700,000	28,400,000
Common stock repurchased by CCA								383.2	125.0	508.2
Common stock repurchased by CCA, average price per share								$ 21.63	$ 11.72	$ 17.91
Preferred stock, shares authorized					50,000,000	50,000,000		50,000,000		50,000,000
Preferred stock, shares par value					$ 0.01	$ 0.01		$ 0.01		$ 0.01
Total intrinsic value of options exercised					5.5	4.5	11.4
Weighted average fair value of options granted per option					$ 7.50	$ 9.66	$ 7.76
2008 Stock Incentive Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares authorized for issuance of awards						18,000,000		18,000,000		18,000,000
Number of shares available for issuance					11,100,000
Non-Employee Directors' Compensation Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares authorized for issuance of awards						225,000		225,000		225,000
Number of shares available for issuance					200,000
Stock Option
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Unrecognized compensation cost					6.1
Remaining period for recognizing the unrecognized compensation cost, in years					2 years 1 month 6 days
Term of options					P10Y
Stock Option \| Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Vesting period					3 years
Stock Option \| Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Vesting period					4 years
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees					349,000
Fair value of restricted common stock and common stock units and stock options issued by CCA to certain of its employees					9.2	6.5
Unrecognized compensation cost					9.1
Remaining period for recognizing the unrecognized compensation cost, in years					1 year 9 months 18 days
Allocated share-based compensation expense					7.6	6.1	5.5
Restricted Stock \| Officers And Executive Officers
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Vesting period					3 years
Performance criteria, cumulative period					3 years
Percent of awards eligible to vest					33.33%
Restricted Stock \| Other Employees
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Vesting period, continuous service requirement					3 years
Restricted Stock \| General and Administrative Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees					290,000	227,000
Allocated share-based compensation expense					6.4	5.0	4.4
Restricted Stock \| General and Administrative Expense \| Non Employee Directors
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees						265,000
Restricted Stock \| Operating Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees					59,000	38,000
Allocated share-based compensation expense					$ 1.2	$ 1.1	$ 1.1

Declared Common Stock Dividends (Detail) (USD $)	3 Months Ended	12 Months Ended
Declared Common Stock Dividends (Detail) (USD $)	Jun. 30, 2012	Dec. 31, 2012
Dividends Payable [Line Items]
Per Share	$ 0.20	$ 0.60
Dividend Payment 1st
Dividends Payable [Line Items]
Declaration Date		May 11, 2012
Record Date		Jun. 08, 2012
Payable Date		Jun. 22, 2012
Per Share		$ 0.20
Dividend Payment 2nd
Dividends Payable [Line Items]
Declaration Date		Aug. 20, 2012
Record Date		Sep. 14, 2012
Payable Date		Sep. 28, 2012
Per Share		$ 0.20
Dividend Payment 3rd
Dividends Payable [Line Items]
Declaration Date		Nov. 06, 2012
Record Date		Nov. 30, 2012
Payable Date		Dec. 14, 2012
Per Share		$ 0.20

Summary Of Nonvested Restricted Common Stock Transactions (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Nonvested at December 31, 2011	1,189
Number of options, Granted	787
Number of options, Cancelled	(25)
Number of options, Vested	(630)
Number of options, Nonvested at December 31, 2012	1,321
Weighted average grant date fair value, Nonvested at December 31, 2011	$ 7.89
Weighted average grant date fair value, Granted	$ 7.50
Weighted average grant date fair value, Cancelled	$ 7.64
Weighted average grant date fair value, Vested	$ 7.35
Weighted average grant date fair value, Nonvested at December 31, 2012	$ 7.91
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Nonvested at December 31, 2011	768
Number of options, Granted	349
Number of options, Cancelled	(18)
Number of options, Vested	(319)
Number of options, Nonvested at December 31, 2012	780
Weighted average grant date fair value, Nonvested at December 31, 2011	$ 20.47
Weighted average grant date fair value, Granted	$ 26.36
Weighted average grant date fair value, Cancelled	$ 21.96
Weighted average grant date fair value, Vested	$ 16.81
Weighted average grant date fair value, Nonvested at December 31, 2012	$ 24.59

The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

+ References+ Details

The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.

+ References+ Details

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References+ Details

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

+ References+ Details

Summary Of Stock Option Transactions Relating To Non-Qualified Stock Option Plans (Detail) (Nonvested Stock Option, USD $) Share data in Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Nonvested Stock Option
Number of Shares
No. of options, Outstanding at December 31, 2011	3,653
No. of options, Granted	787
No. of options, Exercised	(366)
No. of options, Cancelled	(27)
No. of options, Outstanding at December 31, 2012	4,047
No. of options, Exercisable at December 31, 2012	2,726
Weighted-Average Exercise Price per Share
Weighted-Average Exercise Price of options, Outstanding at December 31, 2011	$ 18.63
Weighted-Average Exercise Price of options, Granted	$ 26.44
Weighted-Average Exercise Price of options, Exercised	$ 13.46
Weighted-Average Exercise Price of options, Cancelled	$ 20.42
Weighted-Average Exercise Price of options, Outstanding at December 31, 2012	$ 20.61
Weighted-Average Exercise Price of options, Exercisable at December 31, 2012	$ 18.81
Weighted Average Remaining Contractual Term (in years)
Outstanding at December 31, 2012	6 years
Exercisable at December 31, 2012	4 years 9 months 18 days
Aggregate Intrinsic Value
Outstanding at December 31, 2012	$ 60,160
Exercisable at December 31, 2012	$ 45,396

Schedule Of Estimated Fair Value Of Option Grant Using Black-Scholes Option Pricing Model (Detail)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Schedule of Weighted Average Fair Values of Stock Options [Line Items]
Expected dividend yield	3.00%	0.00%	0.00%
Expected stock price volatility	42.20%	42.10%	38.80%
Risk-free interest rate	1.00%	2.10%	2.40%
Expected life of options	5 years	5 years	5 years

Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 157,123

$ 163,766

$ 158,363

(841)

^[1]

(107)

^[1]

(198)

^[1]

(110)

^[1]

(362)

(1,256)

(1,170)

Weighted average shares and assumed conversions

45,408

42,339

37,334

31,680

40,522

39,240

42,418

40,330

156,761

162,510

157,193

100,623

105,535

112,977

$ 1.58

$ 1.56

$ 1.41

$ (0.01)

$ 0.46

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.38

^[2]

$ 0.40

^[2]

$ 0.37

^[2]

$ 1.58

$ 1.55

$ 1.40

$ 1.56

$ 1.55

$ 1.40

$ (0.01)

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

$ 0.45

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.37

^[2]

$ 0.39

^[2]

$ 0.37

^[2]

$ 1.56

$ 1.54

$ 1.39

Earnings Per Share, Basic

157,123

163,766

158,363

(362)

(1,256)

(1,170)

Weighted average common shares outstanding, basic

156,761

162,510

157,193

99,545

104,736

112,015

Earnings Per Share, Diluted

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

157,123

163,766

158,363

(362)

(1,256)

(1,170)

Weighted average common shares outstanding, diluted

$ 156,761

$ 162,510

$ 157,193

99,545

104,736

112,015

Stock options

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Effect of dilutive securities

864

603

769

Restricted stock-based compensation

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Effect of dilutive securities

214

196

193

[1]	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.
[2]	The earnings per share amounts were favorably impacted by the reduction in CCA's weighted average shares outstanding resulting from share repurchases under CCA's share repurchase program.

Earnings Per Share - Additional Information (Detail) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share because they were anti-dilutive	0.7	1.6	1.4

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Antidilution

-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Diluted Earnings Per Share

-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Contingent Stock Agreement

-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 13, 14

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012 Y D Bed	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 After Two Years Of Service	Dec. 31, 2012 After Three Years Of Service	Dec. 31, 2012 After Four Years Of Service	Dec. 31, 2012 After Five Or More Years Of Service	Dec. 31, 2012 Executive Officer	Dec. 31, 2012 Non Employee Directors	Dec. 31, 2012 Hardeman County Correctional Facilities Corporation	Dec. 31, 1997 Hardeman County Correctional Facilities Corporation Facility
Loss Contingencies [Line Items]
Number of pending legal proceedings that would have an effect on consolidated financial position, results of operations, or cash flows	0
Issuance of revenue bonds											$ 72.7
Number of beds at the facility	92,500										2,016
Outstanding principal balance of revenue bonds										28.8
Outstanding principal balance of the bonds exceeded the purchase price option										9.3
Minimum age limit for participating in the Savings and Retirement Plan, years	18
Minimum qualified service required to participate in the Savings and Retirement Plan, years	1
Eligible employee contribution on eligible compensation	90.00%
Employer discretionary matching contribution equal to employee contribution	100.00%	100.00%	100.00%
Maximum percentage of employer discretionary matching contribution of employee eligible compensation	5.00%	5.00%	5.00%
Minimum number of hours of employment in the plan year for discretionary matching contribution	One thousand hours
Vested percentage of employer contributions and investment earnings or losses				20.00%	40.00%	80.00%	100.00%
Discretionary contribution plan forfeitures, net	11.1	9.2	8.3
Number of qualified deferred compensation plans	2
Contribution as percentage of salary								50.00%
Contribution as percentage of cash bonus								100.00%
Contribution as percentage of retainer and meeting fees									100.00%
Total cash compensation under Deferred Compensation Plans	5.00%	5.00%	5.00%
Time period when distributions are paid, minimum years subsequent to the date an individual becomes a participant in the Plan	5
Distributions to senior executives commencement period, days after participant's separation from service	60
Distributions to senior executives commencement period, time period	The fifteenth day of the month following the month the individual attains age 65.
Percentage of fixed return form Deferred Compensation Plans to participants	5.90%	6.00%	6.20%
Deferred Compensation Plans assets	12.6	8.8
Matching contributions as general and administrative expense associated with the Deferred Compensation Plans	0.5	0.3	0.3
Deferred Compensation Plans liability	$ 15.6	$ 12.2

Schedule of Revenue and Facility Contribution of Reportable Segments and Reconciliation to CCA's Operating Income (Detail) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Total management revenue

$ 1,754,610

$ 1,717,924

$ 1,656,565

Total operating expenses

1,234,491

1,174,953

1,135,413

Rental and other revenue

5,275

6,419

6,752

Other operating expense

(17,693)

(15,920)

(15,750)

(88,935)

(91,227)

(84,148)

(113,933)

(108,216)

(103,710)

80,516

79,888

74,885

69,544

82,377

^[1]

80,905

^[1]

87,100

^[1]

83,645

^[1]

304,833

334,027

324,296

Owned and managed

Total management revenue

1,395,193

1,356,678

1,331,707

Total operating expenses

916,730

864,252

853,248

478,463

492,426

478,459

Managed-only

Total management revenue

359,417

361,246

324,858

Total operating expenses

317,761

310,701

282,165

41,656

50,545

42,693

Facility contribution

$ 520,119

$ 542,971

$ 521,152

[1]	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References+ Details

Summary of Capital Expenditures Including Accrued Amounts for Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Segment Reporting Information [Line Items]
Total capital expenditures	$ 76,946	$ 171,382	$ 138,202
Owned and managed
Segment Reporting Information [Line Items]
Total capital expenditures	54,681	151,724	120,144
Managed-only
Segment Reporting Information [Line Items]
Total capital expenditures	4,580	8,452	9,745
Corporate and Other
Segment Reporting Information [Line Items]
Total capital expenditures	17,685	10,905	7,822
Discontinued operations
Segment Reporting Information [Line Items]
Total capital expenditures		$ 301	$ 491

Schedule of Assets for Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Information [Line Items]
Total assets	$ 2,974,742	$ 3,019,631
Owned and managed
Segment Reporting Information [Line Items]
Total assets	2,643,055	2,711,926
Managed-only
Segment Reporting Information [Line Items]
Total assets	130,927	123,806
Corporate and Other
Segment Reporting Information [Line Items]
Total assets	200,760	180,220
Discontinued operations
Segment Reporting Information [Line Items]
Total assets		$ 3,679

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References+ Details

Subsequent Events - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended	12 Months Ended		1 Months Ended
	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2012 Restricted Stock	Feb. 28, 2013 Performance Shares Issued To Officers Restricted Stock	Feb. 28, 2013 Performance Shares Issued To Officers Restricted Stock Other Employees	Feb. 28, 2013 Performance Shares Issued To Officers Restricted Stock Units (RSUs) Officers and executive officers	Feb. 28, 2013 Dividend Declared
Subsequent Event [Line Items]
Number of shares issued			349,000	400,000	100,000	300,000
Aggregate value of shares issued				$ 15.0
Vesting period						3 years
Dividend declared per common share	$ 0.20	$ 0.60					$ 0.53
Dividend payable date							Apr. 15, 2013
Dividend declared, record date							Apr. 03, 2013

Number of share instruments newly issued under a share-based compensation plan.

+ References+ Details

Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
ASSETS
Cash and cash equivalents	$ 62,897	$ 55,802
Accounts receivable, net of allowance	252,764	269,685
Deferred tax assets	8,022	11,768
Prepaid expenses and other current assets	27,059	18,676
Total current assets	350,742	359,429
Property and equipment, net	2,568,791	2,608,740
Restricted cash	5,022	5,013
Investment in direct financing lease	7,467	9,233
Goodwill	11,988	11,988
Other assets	30,732	25,047
Total assets	2,974,742	3,019,631
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	166,000	195,726
Income taxes payable	102	605
Current liabilities of discontinued operations	356	2,031
Total current liabilities	166,458	198,362
Long-term debt	1,111,545	1,245,014
Deferred tax liabilities	139,526	136,503
Other liabilities	35,593	31,730
Total liabilities	1,453,122	1,611,609
Total stockholders' equity	1,521,620	1,408,022	1,470,871	1,442,546
Total liabilities and stockholders' equity	2,974,742	3,019,631
Parent
ASSETS
Accounts receivable, net of allowance	136,128
Deferred tax assets	137
Prepaid expenses and other current assets	1,766
Total current assets	138,031
Property and equipment, net	2,462,917
Investment in direct financing lease	7,467
Other assets	191,502
Total assets	2,799,917
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	28,061
Total current liabilities	28,061
Long-term debt	1,111,545
Deferred tax liabilities	138,691
Total liabilities	1,278,297
Total stockholders' equity	1,521,620
Total liabilities and stockholders' equity	2,799,917
Combined Subsidiary Guarantors
ASSETS
Cash and cash equivalents	62,897
Accounts receivable, net of allowance	255,192
Deferred tax assets	7,885
Prepaid expenses and other current assets	35,175
Total current assets	361,149
Property and equipment, net	105,874
Restricted cash	5,022
Goodwill	11,988
Other assets	114,953
Total assets	598,986
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	286,342
Income taxes payable	102
Current liabilities of discontinued operations	356
Total current liabilities	286,800
Long-term debt	100,000
Deferred tax liabilities	835
Other liabilities	35,593
Total liabilities	423,228
Total stockholders' equity	175,758
Total liabilities and stockholders' equity	598,986
Consolidating Adjustments
ASSETS
Accounts receivable, net of allowance	(138,556)
Prepaid expenses and other current assets	(9,882)
Total current assets	(148,438)
Other assets	(275,723)
Total assets	(424,161)
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	(148,403)
Total current liabilities	(148,403)
Long-term debt	(100,000)
Total liabilities	(248,403)
Total stockholders' equity	(175,758)
Total liabilities and stockholders' equity	$ (424,161)

Condensed Consolidating Statement of Operations (Detail) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

REVENUE:

$ 1,757,221

$ 1,722,139

$ 1,660,760

Rental

2,664

2,204

2,557

436,861

444,853

442,866

435,305

437,082

^[1]

432,137

^[1]

429,944

^[1]

425,180

^[1]

1,759,885

1,724,343

1,663,317

EXPENSES:

1,252,184

1,190,873

1,151,163

88,935

91,227

84,148

113,933

108,216

103,710

1,455,052

1,390,316

1,339,021

OPERATING INCOME (LOSS)

80,516

79,888

74,885

69,544

82,377

^[1]

80,905

^[1]

87,100

^[1]

83,645

^[1]

304,833

334,027

324,296

Expenses associated with debt refinancing transactions

58,363

72,940

71,127

2,099

(338)

304

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

60,124

73,244

71,168

244,709

260,783

253,128

Income tax (expense) benefit

(87,586)

(97,017)

(94,765)

157,123

163,766

158,363

(841)

^[1]

(107)

^[1]

(198)

^[1]

(110)

^[1]

(362)

(1,256)

(1,170)

45,408

42,339

37,334

31,680

40,522

39,240

42,418

40,330

156,761

162,510

157,193

Parent

REVENUE:

1,408,613

Rental

2,664

1,411,277

EXPENSES:

943,803

70,792

74,452

1,089,047

OPERATING INCOME (LOSS)

322,230

Expenses associated with debt refinancing transactions

57,174

2,099

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

59,289

262,941

Income tax (expense) benefit

(93,870)

Loss from equity in subsidiaries

169,071

(12,310)

156,761

Combined Subsidiary Guarantors

REVENUE:

366,199

366,199

EXPENSES:

325,972

18,143

39,481

383,596

OPERATING INCOME (LOSS)

(17,397)

1,189

(31)

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

1,158

(18,555)

Income tax (expense) benefit

6,284

(12,271)

(362)

(12,633)

Consolidating Adjustments

REVENUE:

(17,591)

(17,591)

EXPENSES:

(17,591)

(17,591)

(323)

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

(323)

323

Loss from equity in subsidiaries

323

12,310

$ 12,633

[1]	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	$ 283,256	$ 351,076	$ 255,515
Net cash used in investing activities	(79,920)	(172,039)	(144,223)
Net cash used in financing activities	(196,271)	(148,714)	(131,691)
Net Increase in Cash and Cash Equivalents	7,065	30,323	(20,399)
CASH AND CASH EQUIVALENTS, beginning of year	55,832	25,509	45,908
CASH AND CASH EQUIVALENTS, end of year	62,897	55,832	25,509
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	260,602
Net cash used in investing activities	(42,378)
Net cash used in financing activities	(218,224)
Combined Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Net cash provided by operating activities	22,654
Net cash used in investing activities	(37,542)
Net cash used in financing activities	21,953
Net Increase in Cash and Cash Equivalents	7,065
CASH AND CASH EQUIVALENTS, beginning of year	55,832
CASH AND CASH EQUIVALENTS, end of year	$ 62,897

For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents.

+ References+ Details

Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References+ Details

Quarterly Financial Information [Line Items]

The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

+ References+ Details

Schedule of Selected Quarterly Financial Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 436,861

$ 444,853

$ 442,866

$ 435,305

$ 437,082

^[1]

$ 432,137

^[1]

$ 429,944

^[1]

$ 425,180

^[1]

$ 1,759,885

$ 1,724,343

$ 1,663,317

Income (loss) from discontinued operations, net of taxes

80,516

79,888

74,885

69,544

82,377

^[1]

80,905

^[1]

87,100

^[1]

83,645

^[1]

304,833

334,027

324,296

(841)

^[1]

(107)

^[1]

(198)

^[1]

(110)

^[1]

(362)

(1,256)

(1,170)

Basic earnings per share: Net income

45,408

42,339

37,334

31,680

40,522

39,240

42,418

40,330

156,761

162,510

157,193

$ 0.46

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.38

^[2]

$ 0.40

^[2]

$ 0.37

^[2]

$ 1.58

$ 1.55

$ 1.40

Diluted earnings per share: Net income

$ 0.45

^[2]

$ 0.42

^[2]

$ 0.37

^[2]

$ 0.32

^[2]

$ 0.41

^[2]

$ 0.37

^[2]

$ 0.39

^[2]

$ 0.37

^[2]

$ 1.56

$ 1.54

$ 1.39

Discontinued operations - revenue

(2,611)

(2,906)

(2,859)

(2,894)

(193)

(11,270)

(34,620)

Discontinued operations - Operating Income

1,305

170

319

178

(668)

(1,972)

(1,951)

Discontinued operations subsequent to the respective reporting period

(841)

(107)

(198)

(110)

Previously Reported

Quarterly Financial Information [Line Items]

439,693

435,043

432,803

428,074