Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2013	May 03, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	CXW
Entity Registrant Name	CORRECTIONS CORP OF AMERICA
Entity Central Index Key	0001070985
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		101,331,923

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 60,330	$ 62,897
Accounts receivable, net of allowance of $2,138 and $2,578, respectively	232,863	252,764
Current deferred tax assets	5,360	8,022
Prepaid expenses and other current assets	20,048	27,059
Total current assets	318,601	350,742
Property and equipment, net	2,551,961	2,568,791
Restricted cash	5,023	5,022
Investment in direct financing lease	6,991	7,467
Goodwill	11,988	11,988
Other assets	35,813	30,732
Non-current deferred tax assets	5,998
Total assets	2,936,375	2,974,742
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	216,279	166,000
Income taxes payable	2,352	102
Current liabilities of discontinued operations	79	356
Total current liabilities	218,710	166,458
Long-term debt	1,016,948	1,111,545
Deferred tax liabilities		139,526
Other liabilities	38,815	35,593
Total liabilities	1,274,473	1,453,122
Commitments and contingencies
Preferred stock - $0.01 par value; 50,000 shares authorized; none issued and outstanding at March 31, 2013 and December 31, 2012, respectively
Common stock - $0.01 par value; 300,000 shares authorized; 101,102 and 100,105 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	1,011	1,001
Additional paid-in capital	1,159,512	1,146,488
Retained earnings	501,379	374,131
Total stockholders' equity	1,661,902	1,521,620
Total liabilities and stockholders' equity	$ 2,936,375	$ 2,974,742

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Accounts receivable, allowance	$ 2,138	$ 2,578
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000	300,000
Common stock, shares issued	101,102	100,105
Common stock, shares outstanding	101,102	100,105

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References+ Details

- Definition

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
	Mar. 31, 2013	Mar. 31, 2012
REVENUES	$ 425,724	$ 435,305
EXPENSES:
Operating	307,530	315,534
General and administrative	31,232	21,840
Depreciation and amortization	27,630	28,387
Costs and Expenses, Total	366,392	365,761
OPERATING INCOME	59,332	69,544
OTHER EXPENSES:
Interest expense, net	12,566	16,890
Expenses associated with debt refinancing transactions	225	1,541
Other expense	101	12
Total non-operating expense (income)	12,892	18,443
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	46,440	51,101
Income tax (expense) benefit	134,652	(19,059)
INCOME FROM CONTINUING OPERATIONS	181,092	32,042
Loss from discontinued operations, net of taxes		(362)
NET INCOME	$ 181,092	$ 31,680
BASIC EARNINGS PER SHARE:
Income from continuing operations	$ 1.81	$ 0.32
Loss from discontinued operations, net of taxes
Net income	$ 1.81	$ 0.32
DILUTED EARNINGS PER SHARE:
Income from continuing operations	$ 1.78	$ 0.32
Loss from discontinued operations, net of taxes
Net income	$ 1.78	$ 0.32
DIVIDENDS DECLARED PER SHARE:	$ 0.53

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 181,092	$ 31,680
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27,630	28,387
Expenses associated with debt refinancing transactions	225	1,541
Amortization of debt issuance costs and other non-cash interest	1,047	1,153
Deferred income taxes	(142,862)	(613)
Income tax benefit of equity compensation	(23)	(2,076)
Non-cash equity compensation	3,214	2,639
Other expenses and non-cash items	97	182
Changes in assets and liabilities, net:
Accounts receivable, prepaid expenses and other assets	28,578	20,276
Accounts payable, accrued expenses and other liabilities	(4,416)	(29,645)
Income taxes payable	2,273	14,783
Net cash provided by operating activities	96,855	68,307
CASH FLOWS FROM INVESTING ACTIVITIES:
Expenditures for facility development and expansions	(4,182)	(9,406)
Expenditures for other capital improvements	(7,216)	(13,458)
Proceeds from sale of assets	44	441
Increase in other assets	(723)	(830)
Payments received on direct financing lease	422	374
Net cash used in investing activities	(11,655)	(22,879)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt	10,000	618,500
Principal repayments of debt	(105,000)	(683,500)
Payment of debt issuance and other refinancing and related costs	(2,415)	(6,292)
Dividends paid	(172)
Income tax benefit of equity compensation	23	2,076
Purchase and retirement of common stock	(5,430)	(2,391)
Proceeds from exercise of stock options	15,227	1,701
Net cash used in financing activities	(87,767)	(69,906)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(2,567)	(24,478)
CASH AND CASH EQUIVALENTS, beginning of period	62,897	55,832
CASH AND CASH EQUIVALENTS, end of period	60,330	31,354
Cash paid during the period for:
Interest (net of amounts capitalized of $141 and $497 in 2013 and 2012, respectively)	2,801	16,052
Income taxes paid	$ 199	$ 1,198

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Interest, capitalized interest	$ 141	$ 497

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings
Beginning Balance at Dec. 31, 2011	$ 1,408,022	$ 995	$ 1,129,435	$ 277,592
Beginning Balance (in shares) at Dec. 31, 2011		99,528
Net income	31,680			31,680
Issuance of common stock	7		7
Retirement of common stock (in shares)		(98)
Retirement of common stock	(2,391)	(1)	(2,390)
Restricted stock compensation, net of forfeitures (in shares)		(7)
Restricted stock compensation, net of forfeitures	1,576		1,576
Income tax benefit of equity compensation	1,920		1,920
Stock option compensation expense, net of forfeitures	1,056		1,056
Restricted stock grant (in shares)		332
Restricted stock grant		3	(3)
Stock options exercised (in shares)		189
Stock options exercised	1,701	2	1,699
Ending Balance at Mar. 31, 2012	1,443,571	999	1,133,300	309,272
Ending Balance (in shares) at Mar. 31, 2012		99,944
Beginning Balance at Dec. 31, 2012	1,521,620	1,001	1,146,488	374,131
Beginning Balance (in shares) at Dec. 31, 2012		100,105
Net income	181,092			181,092
Issuance of common stock	9		9
Retirement of common stock (in shares)		(143)
Retirement of common stock	(5,430)	(1)	(5,429)
Dividends declared on common stock ($0.53 per share)	(53,844)			(53,844)
Restricted stock compensation, net of forfeitures (in shares)		(7)
Restricted stock compensation, net of forfeitures	2,202		2,202
Income tax benefit of equity compensation	23		23
Stock option compensation expense, net of forfeitures	1,003		1,003
Restricted stock grant (in shares)		298
Restricted stock grant		3	(3)
Stock options exercised (in shares)		849
Stock options exercised	15,227	8	15,219
Ending Balance at Mar. 31, 2013	$ 1,661,902	$ 1,011	$ 1,159,512	$ 501,379
Ending Balance (in shares) at Mar. 31, 2013		101,102

ORGANIZATION AND OPERATIONS

3 Months Ended

Mar. 31, 2013

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS

Corrections Corporation of America (the “Company” and, together with its subsidiaries, “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 51 facilities that it owns or controls, with a total design capacity of approximately 92,500 beds in 20 states and the District of Columbia.

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 reduce recidivism and to prepare inmates for their successful re-entry into society upon their release. CCA also provides inmates health care (including medical, dental and mental health services), food services, and work and recreational programs.

CCA began operating as a real estate investment trust (“REIT”) for federal income tax purposes effective January 1, 2013. In connection with this conversion to a REIT, CCA reorganized its corporate structure and began performing its correctional services and conducting other business activities through taxable REIT subsidiaries (“TRSs”). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax and certain qualification requirements. The Company’s use of TRSs enables CCA 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. The Company’s use of TRSs also allows it to retain income generated by these TRSs for reinvestment without the requirement of distributing those earnings. Consequently, the income tax (expense) benefit recorded in 2013 and 2012 are not comparable. See Note 10.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2013

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying unaudited interim consolidated financial statements have been prepared by the Company and, in the opinion of management, reflect all normal recurring adjustments necessary for a fair presentation of results for the unaudited interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. The results of operations for the interim period are not necessarily indicative of the results to be obtained for the full fiscal year. Reference is made to the audited financial statements of CCA included in its Annual Report on Form 10-K as of and for the year ended December 31, 2012 filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2013 (File No. 001-16109) (the “2012 Form 10-K”) with respect to certain significant accounting and financial reporting policies as well as other pertinent information of the Company.

Fair Value of Financial Instruments

To meet the reporting requirements of Accounting Standard Codification (“ASC”) 825, Financial Instruments, regarding fair value of 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 March 31, 2013 and December 31, 2012, 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):


	March 31, 2013						December 31, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value

Investment in direct financing lease	$	8,811		$	10,225		$	9,233		$	10,852
Note receivable from APM	$	4,533		$	8,047		$	4,819		$	8,678
Debt	$	(1,016,948	)	$	(1,048,250	)	$	(1,111,545	)	$	(1,152,550	)

GOODWILL

3 Months Ended

Mar. 31, 2013

GOODWILL

GOODWILL

ASC 350, “Intangibles-Goodwill and Other”, establishes accounting and reporting requirements for goodwill and other intangible assets. Goodwill was $12.0 million as of March 31, 2013 and December 31, 2012 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.

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 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.

FACILITY ACTIVATION, DEVELOPMENTS, AND CLOSURES

3 Months Ended

Mar. 31, 2013

FACILITY ACTIVATION, DEVELOPMENTS, AND CLOSURES

FACILITY ACTIVATION, 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 March 31, 2013, 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 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 $130.9 million and $132.1 million as of March 31, 2013 and December 31, 2012, 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.

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 March 31, 2013, CCA has invested approximately $49.1 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 1,400 inmates for the state of California at its Red Rock facility. CCA is currently working with Arizona and California 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.

DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2013

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

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 in the first quarter of 2012 for all periods presented. There were no results of operations during the first quarter of 2013 at this facility.

The following table summarizes the results of operations for this facility for the three months ended March 31, 2012 (in thousands):


	For the Three Months Ended March 31, 2012
REVENUE:
Managed-only	$	193

		193

EXPENSES:
Managed-only		861

		861


OPERATING LOSS		(668	)

Other income		91


LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES BEFORE INCOME TAX		(577	)

Income tax benefit		215


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

There were no assets associated with discontinued operations as of March 31, 2013 and December 31, 2012, while there were $0.1 million and $0.4 million of accounts payable and accrued liabilities associated with discontinued operations as of March 31, 2013 and December 31, 2012, respectively.

- Definition

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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-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43-48

-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

DEBT

3 Months Ended

Mar. 31, 2013

DEBT

DEBT

Debt outstanding as of March 31, 2013 and December 31, 2012 consists of the following (in thousands):


	March 31, 2013		December 31, 2012

Revolving Credit Facility, principal due at maturity in December 2017; interest payable periodically at variable interest rates. The weighted average rate at both March 31, 2013 and December 31, 2012 was 1.7%.	$	560,000	$	655,000

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 $8.1 million and $8.5 million was unamortized at March 31, 2013 and December 31, 2012, respectively.		456,948		456,545


	$	1,016,948	$	1,111,545

Revolving Credit Facility. During January 2012, CCA entered into an amended and restated $785.0 million senior secured revolving credit facility (the “$785.0 Million Revolving Credit Facility”). In addition to replacing the previous $450.0 million revolving credit facility, during the first quarter of 2012 the $785.0 Million Revolving Credit Facility was used for the purchase of $335.0 million of CCA’s existing 6.25% Senior Notes and the payment of fees, commissions and expenses in connection with the foregoing as well as for other general corporate purposes. CCA capitalized approximately $6.0 million of new costs associated with the $785.0 Million 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.

During March 2013, CCA further amended the $785.0 Million Revolving Credit Facility to, among other things, increase the commitment size from $785.0 million to $900.0 million, to extend the maturity by one-year to December 2017, and to provide covenant flexibility to operate as a REIT (the “$900.0 Million Revolving Credit Facility”). CCA capitalized approximately $2.7 million of new costs associated with the amendment.

The $900.0 Million Revolving Credit Facility has an aggregate principal capacity of $900.0 million and has an “accordion” feature that provides for uncommitted incremental extensions of credit in the form of increases in the revolving commitments or incremental term loans in an aggregate principal amount up to an additional $100.0 million as requested by CCA. At CCA’s option, interest on outstanding borrowings under the $900.0 Million 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 ranging from 1.25% to 2.0% based on CCA’s leverage ratio. The $900.0 Million 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.

Based on CCA’s current leverage ratio, loans under the $900.0 Million 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. These interest provisions and fee margins were unchanged from the previous facility. The $900.0 Million Revolving Credit Facility also has a $50.0 million sublimit for the issuance of standby letters of credit. As of March 31, 2013, CCA had $560.0 million in borrowings under the $900.0 Million Revolving Credit Facility as well as $25.7 million in letters of credit outstanding resulting in $314.3 million available under the $900.0 Million Revolving Credit Facility.

The $900.0 Million 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 $900.0 Million 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 fixed charge coverage ratio. As of March 31, 2013, CCA was in compliance with all such covenants. In addition, the $900.0 Million Revolving Credit Facility contains certain covenants that, among other things, limit the incurrence of additional indebtedness, acquisitions and other investments, payment of dividends and other customary restricted payments, transactions with affiliates, asset sales, mergers and consolidations, liquidations, prepayments and modifications of other indebtedness, liens and other encumbrances and other matters customarily restricted in such agreements. In addition, the $900.0 Million Revolving Credit Facility is subject to certain cross-default provisions with terms of CCA’s other indebtedness, and is subject to acceleration upon the occurrence of a change control.

Senior Notes. Concurrent with the closing of the $900.0 Million Revolving Credit Facility on March 21, 2013, CCA announced its intention to offer up to an aggregate of $675.0 million in aggregate principal amount of new senior notes comprised of senior notes due 2020 and senior notes due 2023. Also on March 21, 2013, CCA announced a cash tender offer for any and all of its $465.0 million aggregate principal amount of 7.75% unsecured senior notes issued in June 2009 (the “7.75% Senior Notes”). Holders who validly tendered their 7.75% Senior Notes before the early tender deadline on April 3, 2013 were entitled to receive total consideration equal to $1,050 per $1,000 principal amount of the 7.75% Senior Notes, plus any accrued and unpaid interest up to, but not including, the payment date. The total consideration included $30 per $1,000 principal amount of the 7.75% Senior Notes for those Holders who validly tendered on or prior to the early tender deadline, and $20 per $1,000 principal amount of the 7.75% Senior Notes for Holders who validly tendered following the early tender deadline but on or prior to the expiration of the tender offer on April 17, 2013. On April 4, 2013, CCA accepted $315.4 million principal amount of the 7.75% Senior Notes pursuant to the tender offer for Holders who validly tendered their 7.75% Senior Notes by the early tender deadline. No Holders tendered their 7.75% Senior Notes after the early tender deadline on April 3, 2013.

On April 4, 2013, CCA completed the offering of $325.0 million aggregate principal amount of 4.125% senior notes due April 1, 2020 (the “4.125% Senior Notes”) and $350.0 million aggregate principal amount of 4.625% senior notes due May 1, 2023 (the “4.625% Senior Notes”), collectively referred to herein as the “New Notes”.

Following the expiration of the early tender deadline, CCA announced it would redeem on June 1, 2013 any and all remaining outstanding 7.75% Senior Notes at a price of 103.875% of par plus accrued interest pursuant to the indenture governing the 7.75% Senior Notes.

CCA incurred $0.2 million during the first quarter of 2013 for third-party fees and expenses associated with the tender offer, and expects to incur an additional $36.5 million of charges during the second quarter of 2013 associated with the tender offer and redemption of the 7.75% Senior Notes consisting of the write-off of loan costs and the unamortized discount on the 7.75% Senior Notes, the tender fees and expenses associated with the purchase, and the redemption premium to be paid on the 7.75% Senior Notes.

CCA used a portion of the net proceeds from the offering of the New Notes to fund the tender offer, and expects to use an additional portion of the net proceeds from the offering of the New Notes to fund the redemption of the remaining 7.75% Senior Notes outstanding on June 1, 2013. CCA also intends to use the net proceeds from the sale of the New Notes to fund the payment in cash of up to 20% of its required distribution of C-corporation accumulated earnings and profits in connection with its REIT conversion, as further described in Note 7, to pay other REIT conversion costs and for general corporate purposes.

The New Notes were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements. The Company will use commercially reasonable efforts to register the New Notes within 270 days following the closing of the New Notes offering.

The New Notes are senior unsecured obligations of the Company and are initially guaranteed by all of the Company’s subsidiaries that guarantee the $900.0 Million Revolving Credit Facility. Interest on the 4.125% Senior Notes is payable in April and October of each year, beginning October 1, 2013. Interest on the 4.625% Senior Notes is payable in May and November of each year, beginning November 1, 2013. CCA may redeem all or part of the New Notes at any time prior to three months before their respective maturity date at a “make-whole” redemption price, plus accrued and unpaid interest thereon to, but not including, the redemption date. Thereafter, the New Notes are redeemable at CCA’s option, in whole or in part, at a redemption price equal to 100% of the aggregate principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date.

- Definition

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.

+ References+ Details

STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Dividends on Common Stock

During 2012 and the first quarter of 2013, CCA’s Board of Directors declared the following quarterly 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
February 22, 2013	April 3, 2013	April 15, 2013	$	0.53

On April 8, 2013, CCA’s Board of Directors declared a special dividend to shareholders of $675 million, or approximately $6.63 per share of common stock, in connection with CCA’s previously announced plan to qualify as a REIT for federal income tax purposes effective as of January 1, 2013. The special dividend will be paid in satisfaction of requirements that CCA distribute its previously undistributed accumulated earnings and profits attributable to tax periods ending prior to January 1, 2013. CCA expects to pay the special dividend on May 20, 2013 to shareholders of record as of April 19, 2013.

Each CCA shareholder may elect to receive payment of the special dividend either in all cash, all shares of CCA common stock or a combination of cash and CCA common stock, with the total amount of cash payable to shareholders limited to a maximum of 20% of the total value of the special dividend, or $135 million. If the total amount of cash elected by shareholders exceeds 20% of the total value of the special dividend, the available cash will be prorated among those shareholders who elect to receive cash, and the remaining portion of the special dividend will be paid in shares of CCA common stock. Shareholders who do not make a timely election will be deemed to have made an election to receive payment of the special dividend in shares of CCA common stock. The total number of shares of CCA common stock to be distributed pursuant to the special dividend will be determined based on shareholder elections and the average closing price per share of CCA common stock on the New York Stock Exchange for the three trading days after May 9, 2013, the date that election forms are due.

Restricted Stock and Restricted Stock Units

During the first quarter of 2013, CCA issued 407,000 shares of restricted common stock and common stock units to certain of its employees and non-employee directors, with an aggregate fair value of $15.0 million, including 361,000 restricted shares or units to employees and non-employee directors whose compensation is charged to general and administrative expense and 46,000 restricted shares to employees whose compensation is charged to operating expense. During 2012, CCA issued 349,000 shares of restricted common stock and common stock units to certain of its employees and non-employee directors, with an aggregate fair 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.

With respect to the shares and units issued in 2013, unless earlier vested under the terms of the restricted stock unit agreement, the restricted stock units issued to officers and executive officers vest evenly over a three-year period, while the 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. With respect to shares issued prior to 2013, CCA established performance-based vesting conditions on the shares of restricted common stock and common stock units awarded to its 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 the other employees vest after three years of continuous service.

During the three months ended March 31, 2013, CCA expensed $2.2 million, net of forfeitures, relating to restricted common stock and common stock units ($0.3 million of which was recorded in operating expenses and $1.9 million of which was recorded in general and administrative expenses). During the three months ended March 31, 2012, CCA expensed $1.6 million, net of forfeitures, relating to restricted common stock and common stock units ($0.2 million of which was recorded in operating expenses and $1.4 million of which was recorded in general and administrative expenses). As of March 31, 2013, approximately 885,000 shares of restricted common stock and common stock units remained outstanding and subject to vesting.

Stock Options

In February 2013, CCA elected to no longer issue stock options to its non-employee directors, officers, and executive officers as it had in the past and instead elected to issue all of its equity compensation in the form of restricted common stock and common stock units as described above. During the three months ended March 31, 2013 and 2012, CCA expensed $1.0 million and $1.1 million, respectively, net of forfeitures, relating to its outstanding stock options. As of March 31, 2013, options to purchase 3.2 million shares of common stock were outstanding with a weighted average exercise price of $21.29.

- Definition

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

3 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. 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 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 Three Months Ended March 31,
	2013		2012
NUMERATOR
Basic:
Income from continuing operations	$	181,092	$	32,042
Loss from discontinued operations, net of taxes		—		(362	)

Net income	$	181,092	$	31,680


Diluted:
Income from continuing operations	$	181,092	$	32,042
Loss from discontinued operations, net of taxes		—		(362	)

Diluted net income	$	181,092	$	31,680


DENOMINATOR
Basic:
Weighted average common shares outstanding		100,070		99,292


Diluted:

Weighted average common shares outstanding		100,070		99,292
Effect of dilutive securities:
Stock options		1,556		631
Restricted stock		209		163

Weighted average shares and assumed conversions		101,835		100,086


BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.81	$	0.32
Loss from discontinued operations, net of taxes		—		—

Net income	$	1.81	$	0.32


DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.78	$	0.32
Loss from discontinued operations, net of taxes		—		—

Net income	$	1.78	$	0.32

Approximately 13,500 and 1.5 million stock options were excluded from the computations of diluted earnings per share for the three months ended March 31, 2013 and 2012, respectively, because they were anti-dilutive.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2013

COMMITMENTS AND CONTINGENCIES

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 includes, 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 or riot 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, and taking into consideration CCA’s self-insured retention amounts, 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.

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 March 31, 2013 plus future interest payments). 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 March 31, 2013, the outstanding principal balance of the bonds exceeded the purchase price option by $10.3 million.

- Definition

The entire disclosure for commitments and contingencies.

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+ Details

INCOME TAXES

3 Months Ended

Mar. 31, 2013

INCOME TAXES

10.

INCOME TAXES

As discussed in Note 1, the Company began operating in compliance with REIT requirements for federal income tax purposes effective January 1, 2013. As a REIT, the Company must distribute at least 90 percent of its taxable income (including dividends paid to it by its TRSs) and will not pay federal income taxes on the amount distributed to its shareholders. Therefore, the Company should not be subject to federal income taxes if it distributes 100 percent of its taxable income. Most states, where CCA holds investments in real estate, conform to the federal rules recognizing REITs. Certain subsidiaries have made an election with the Company to be treated as TRSs in conjunction with the Company’s REIT election; the TRS elections will permit CCA to engage in certain business activities in which the REIT may not conduct directly. A TRS is subject to federal and state income taxes on the income from these activities and therefore, CCA includes a provision for taxes in its consolidated financial statements.

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. As a result of CCA’s election to be taxed as a REIT effective January 1, 2013, CCA recorded during the first quarter of 2013 a net tax benefit of $137.7 million for the revaluation of certain deferred tax assets and liabilities and other income taxes associated with the REIT conversion based on the revised tax structure.

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.

CCA’s consolidated effective tax rate was approximately 8.0%, before the $137.7 million net tax benefit described above, as well as the income tax benefit associated with certain other items, and 37.3% during the three months ended March 31, 2013 and 2012, respectively. CCA’s effective tax rate is significantly lower in 2013 as a result of the election to be taxed as a REIT effective January 1, 2013. As a REIT, CCA will be entitled to a deduction for dividends paid, resulting in a substantial reduction in the amount of federal income tax expense it recognizes. Substantially all of CCA’s income tax expense will be incurred based on the earnings generated by its TRSs.

CCA’s overall effective tax rate is estimated based on its current projection of annual taxable income primarily generated in its TRSs. The effective tax rate 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 or laws affecting tax credits available to CCA, changes in other tax laws, 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.

Income Tax Contingencies

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. The guidance prescribed in ASC 740 establishes a recognition threshold of more likely than not that a tax position will be sustained upon examination. The measurement attribute requires that a tax position be measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement.

CCA had no liabilities recorded for uncertain tax positions as of March 31, 2013. 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.

- Definition

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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

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

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-Name Accounting Standards Codification

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-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 43, 44, 45, 46, 47, 48, 49

-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

SEGMENT REPORTING

3 Months Ended

Mar. 31, 2013

SEGMENT REPORTING

11.

SEGMENT REPORTING

As of March 31, 2013, CCA owned and managed 49 correctional and detention facilities, and managed 18 correctional and detention facilities it did not own. Management views CCA’s operating results in two reportable segments: (1) owned and managed correctional and detention facilities and (2) managed-only correctional and detention facilities. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies in the notes to consolidated financial statements included in CCA’s 2012 Form 10-K. Owned and managed facilities include the operating results of those facilities placed into service that were owned or controlled via a lease and managed by CCA. Managed-only facilities include the operating results of those facilities owned by a third party and managed by CCA. Following the Company’s reorganization to begin operating as a REIT effective January 1, 2013, the Company chose to reclassify the financial information provided for segment reporting purposes at two facilities where the property is effectively controlled by the Company under operating lease arrangements. Previously, the Company classified these two facilities controlled under operating leases within the managed-only segment. The Company now reports the financial information associated with these facilities as owned and managed and has reclassified its segment reporting for all periods presented. CCA measures the operating performance of each facility within the above two reportable segments, without differentiation, based on facility net operating income. CCA defines facility net operating income 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 net operating income for the reportable segments and a reconciliation to CCA’s operating income is as follows for the three months ended March 31, 2013 and 2012 (in thousands):


	For the Three Months Ended March 31,
	2013			2012
Revenue:
Owned and managed	$	341,493		$	351,763
Managed-only		83,313			82,408

Total corrections revenue		424,806			434,171


Operating expenses:
Owned and managed		229,255			235,638
Managed-only		74,050			75,057

Total operating expenses		303,305			310,695


Facility net operating income
Owned and managed		112,238			116,125
Managed-only		9,263			7,351

Total facility net operating income		121,501			123,476


Other revenue (expense):
Other revenue		918			1,134
Other operating expense		(4,225	)		(4,839	)
General and administrative		(31,232	)		(21,840	)
Depreciation and amortization		(27,630	)		(28,387	)

Operating income	$	59,332		$	69,544

The following table summarizes capital expenditures for the reportable segments for the three months ended March 31, 2013 and 2012 (amounts in thousands):


	For the Three Months Ended March 31,
	2013		2012
Capital expenditures:
Owned and managed	$	8,319	$	13,602
Managed-only		954		921
Corporate and other		1,530		6,947

Total capital expenditures	$	10,803	$	21,470

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


	March 31, 2013		December 31, 2012
Assets:
Owned and managed	$	2,638,260	$	2,654,791
Managed-only		95,361		119,191
Corporate and other		202,754		200,760

Total assets	$	2,936,375	$	2,974,742

- Definition

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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

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

-Publisher FASB

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

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

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+ Details

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES

3 Months Ended

Mar. 31, 2013

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF CCA AND SUBSIDIARIES

12.

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES

The following condensed consolidating financial statements of the

Company and subsidiaries have been prepared pursuant to Rule 3-10 of Regulation S-X. These condensed consolidating financial statements have been prepared from CCA’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 the Company (as the parent company). Accordingly, the Company (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 March 31, 2013 and December 31, 2012. With respect to the periods prior to 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 March 31, 2013

(in thousands)

ASSETS

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

Cash and cash equivalents

27,758

32,572

—

60,330

Accounts receivable, net of allowance

293,711

276,506

(337,354

)

232,863

Current deferred tax assets

5,356

—

5,360

Prepaid expenses and other current assets

2,672

26,836

(9,460

)

20,048

Total current assets

324,145

341,270

(346,814

)

318,601

Property and equipment, net

2,452,362

99,599

—

2,551,961

Restricted cash

—

5,023

—

5,023

Investment in direct financing lease

6,991

—

6,991

Goodwill

—

11,988

—

11,988

Other assets

198,110

18,880

(181,177

)

35,813

Non-current deferred tax assets

—

6,531

(533

)

5,998

Total assets

2,981,608

483,291

(528,524

)

2,936,375

LIABILITIES AND STOCKHOLDERS’ EQUITY

Accounts payable and accrued expenses

301,885

261,174

(346,780

)

216,279

Income taxes payable

—

2,352

—

2,352

Current liabilities of discontinued operations

—

Total current liabilities

301,885

263,605

(346,780

)

218,710

Long-term debt

1,016,948

98,268

(98,268

)

1,016,948

Deferred tax liabilities

533

—

(533

)

—

Other liabilities

340

38,475

—

38,815

Total liabilities

1,319,706

400,348

(445,581

)

1,274,473

Total stockholders’ equity

1,661,902

82,943

(82,943

)

1,661,902

Total liabilities and stockholders’ equity

2,981,608

483,291

(528,524

)

2,936,375

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2012

(in thousands)


ASSETS	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts

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 three months ended March 31, 2013

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

REVENUES

313,437

341,994

(229,707

)

425,724

EXPENSES:

Operating

234,660

302,577

(229,707

)

307,530

General and administrative

9,609

21,623

—

31,232

Depreciation and amortization

18,651

8,979

—

27,630

262,920

333,179

(229,707

)

366,392

OPERATING INCOME

50,517

8,815

—

59,332

OTHER (INCOME) EXPENSE:

Interest expense, net

10,095

2,471

—

12,566

Expenses associated with debt refinancing transactions

177

—

225

Other (income) expense

321

(201

)

(19

)

101

10,593

2,318

(19

)

12,892

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

39,924

6,497

46,440

Income tax (expense) benefit

138,211

(3,559

)

—

134,652

INCOME FROM CONTINUING OPERATIONS

178,135

2,938

181,092

Gain/Loss from equity in subsidiaries

2,957

—

(2,957

)

—

NET INCOME

181,092

2,938

(2,938

)

181,092

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments and Other			Total Consolidated Amounts

REVENUES	$	349,574		$	90,621		$	(4,890	)	$	435,305


EXPENSES:
Operating		237,531			82,893			(4,890	)		315,534
General and administrative		17,384			4,456			—			21,840
Depreciation and amortization		18,251			10,136			—			28,387

		273,166			97,485			(4,890	)		365,761


OPERATING INCOME (LOSS)		76,408			(6,864	)		—			69,544


OTHER (INCOME) EXPENSE:
Interest expense, net		16,594			296			—			16,890
Expenses associated with debt refinancing transactions		1,541			—			—			1,541
Other (income) expense		21			(29	)		20			12

		18,156			267			20			18,443


INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		58,252			(7,131	)		(20	)		51,101

Income tax (expense) benefit		(20,796	)		1,737			—			(19,059	)


INCOME (LOSS) FROM CONTINUING OPERATIONS		37,456			(5,394	)		(20	)		32,042

Loss from equity in subsidiaries		(5,776	)		—			5,776			—
Loss from discontinued operations, net of taxes		—			(362	)					(362	)


NET INCOME (LOSS)	$	31,680		$	(5,756	)	$	5,756		$	31,680

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2013

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
And Other

Total
Consolidated
Amounts

Net cash provided by (used in) operating activities

(123,998

)

220,853

—

96,855

Net cash used in investing activities

(8,149

)

(3,506

)

—

(11,655

)

Net cash provided by (used in) financing activities

159,905

(247,672

)

—

(87,767

)

Net Increase (Decrease) in Cash and Cash Equivalents

27,758

(30,325

)

—

(2,567

)

CASH AND CASH EQUIVALENTS, beginning of year

—

62,897

—

62,897

CASH AND CASH EQUIVALENTS, end of year

27,758

32,572

—

60,330

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by operating activities	$	64,631		$	3,676		$	—	$	68,307
Net cash used in investing activities		(10,713	)		(12,166	)		—		(22,879	)
Net cash used in financing activities		(53,918	)		(15,988	)		—		(69,906	)

Net Decrease in Cash and Cash Equivalents		—			(24,478	)		—		(24,478	)

CASH AND CASH EQUIVALENTS, beginning of year		—			55,832			—		55,832


CASH AND CASH EQUIVALENTS, end of year	$	—		$	31,354		$	—	$	31,354

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2013

Fair Value of Financial Instruments

Fair Value of Financial Instruments


	March 31, 2013						December 31, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value

Investment in direct financing lease	$	8,811		$	10,225		$	9,233		$	10,852
Note receivable from APM	$	4,533		$	8,047		$	4,819		$	8,678
Debt	$	(1,016,948	)	$	(1,048,250	)	$	(1,111,545	)	$	(1,152,550	)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value

At March 31, 2013 and December 31, 2012, 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):


	March 31, 2013						December 31, 2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value

Investment in direct financing lease	$	8,811		$	10,225		$	9,233		$	10,852
Note receivable from APM	$	4,533		$	8,047		$	4,819		$	8,678
Debt	$	(1,016,948	)	$	(1,048,250	)	$	(1,111,545	)	$	(1,152,550	)

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Summarized Results of Operations for Discontinued Facilities

The following table summarizes the results of operations for this facility for the three months ended March 31, 2012 (in thousands):


	For the Three Months Ended March 31, 2012
REVENUE:
Managed-only	$	193

		193

EXPENSES:
Managed-only		861

		861


OPERATING LOSS		(668	)

Other income		91


LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES BEFORE INCOME TAX		(577	)

Income tax benefit		215


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

DEBT (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Debt Outstanding

Debt outstanding as of March 31, 2013 and December 31, 2012 consists of the following (in thousands):


	March 31, 2013		December 31, 2012

Revolving Credit Facility, principal due at maturity in December 2017; interest payable periodically at variable interest rates. The weighted average rate at both March 31, 2013 and December 31, 2012 was 1.7%.	$	560,000	$	655,000

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 $8.1 million and $8.5 million was unamortized at March 31, 2013 and December 31, 2012, respectively.		456,948		456,545


	$	1,016,948	$	1,111,545

STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2013

Declared Common Stock Dividends

During 2012 and the first quarter of 2013, CCA’s Board of Directors declared the following quarterly 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
February 22, 2013	April 3, 2013	April 15, 2013	$	0.53

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Calculation of Numerator and Denominator in Earnings Per Share


	For the Three Months Ended March 31,
	2013		2012
NUMERATOR
Basic:
Income from continuing operations	$	181,092	$	32,042
Loss from discontinued operations, net of taxes		—		(362	)

Net income	$	181,092	$	31,680


Diluted:
Income from continuing operations	$	181,092	$	32,042
Loss from discontinued operations, net of taxes		—		(362	)

Diluted net income	$	181,092	$	31,680


DENOMINATOR
Basic:
Weighted average common shares outstanding		100,070		99,292


Diluted:

Weighted average common shares outstanding		100,070		99,292
Effect of dilutive securities:
Stock options		1,556		631
Restricted stock		209		163

Weighted average shares and assumed conversions		101,835		100,086


BASIC EARNINGS PER SHARE:
Income from continuing operations	$	1.81	$	0.32
Loss from discontinued operations, net of taxes		—		—

Net income	$	1.81	$	0.32


DILUTED EARNINGS PER SHARE:
Income from continuing operations	$	1.78	$	0.32
Loss from discontinued operations, net of taxes		—		—

Net income	$	1.78	$	0.32

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Revenue and Facility Contribution of Reportable Segments and Reconciliation to CCA's Operating Income


	For the Three Months Ended March 31,
	2013			2012
Revenue:
Owned and managed	$	341,493		$	351,763
Managed-only		83,313			82,408

Total corrections revenue		424,806			434,171


Operating expenses:
Owned and managed		229,255			235,638
Managed-only		74,050			75,057

Total operating expenses		303,305			310,695


Facility net operating income
Owned and managed		112,238			116,125
Managed-only		9,263			7,351

Total facility net operating income		121,501			123,476


Other revenue (expense):
Other revenue		918			1,134
Other operating expense		(4,225	)		(4,839	)
General and administrative		(31,232	)		(21,840	)
Depreciation and amortization		(27,630	)		(28,387	)

Operating income	$	59,332		$	69,544

Summary of Capital Expenditures for Reportable Segments

The following table summarizes capital expenditures for the reportable segments for the three months ended March 31, 2013 and 2012 (amounts in thousands):


	For the Three Months Ended March 31,
	2013		2012
Capital expenditures:
Owned and managed	$	8,319	$	13,602
Managed-only		954		921
Corporate and other		1,530		6,947

Total capital expenditures	$	10,803	$	21,470

Schedule of Assets for Reportable Segments

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


	March 31, 2013		December 31, 2012
Assets:
Owned and managed	$	2,638,260	$	2,654,791
Managed-only		95,361		119,191
Corporate and other		202,754		200,760

Total assets	$	2,936,375	$	2,974,742

- Definition

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)

3 Months Ended

Mar. 31, 2013

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

As of March 31, 2013

(in thousands)

ASSETS

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

Cash and cash equivalents

27,758

32,572

—

60,330

Accounts receivable, net of allowance

293,711

276,506

(337,354

)

232,863

Current deferred tax assets

5,356

—

5,360

Prepaid expenses and other current assets

2,672

26,836

(9,460

)

20,048

Total current assets

324,145

341,270

(346,814

)

318,601

Property and equipment, net

2,452,362

99,599

—

2,551,961

Restricted cash

—

5,023

—

5,023

Investment in direct financing lease

6,991

—

6,991

Goodwill

—

11,988

—

11,988

Other assets

198,110

18,880

(181,177

)

35,813

Non-current deferred tax assets

—

6,531

(533

)

5,998

Total assets

2,981,608

483,291

(528,524

)

2,936,375

LIABILITIES AND STOCKHOLDERS’ EQUITY

Accounts payable and accrued expenses

301,885

261,174

(346,780

)

216,279

Income taxes payable

—

2,352

—

2,352

Current liabilities of discontinued operations

—

Total current liabilities

301,885

263,605

(346,780

)

218,710

Long-term debt

1,016,948

98,268

(98,268

)

1,016,948

Deferred tax liabilities

533

—

(533

)

—

Other liabilities

340

38,475

—

38,815

Total liabilities

1,319,706

400,348

(445,581

)

1,274,473

Total stockholders’ equity

1,661,902

82,943

(82,943

)

1,661,902

Total liabilities and stockholders’ equity

2,981,608

483,291

(528,524

)

2,936,375

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2012

(in thousands)


ASSETS	Parent		Combined Subsidiary Guarantors		Consolidating Adjustments and Other			Total Consolidated Amounts

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

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2013

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
and Other

Total
Consolidated
Amounts

REVENUES

313,437

341,994

(229,707

)

425,724

EXPENSES:

Operating

234,660

302,577

(229,707

)

307,530

General and administrative

9,609

21,623

—

31,232

Depreciation and amortization

18,651

8,979

—

27,630

262,920

333,179

(229,707

)

366,392

OPERATING INCOME

50,517

8,815

—

59,332

OTHER (INCOME) EXPENSE:

Interest expense, net

10,095

2,471

—

12,566

Expenses associated with debt refinancing transactions

177

—

225

Other (income) expense

321

(201

)

(19

)

101

10,593

2,318

(19

)

12,892

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

39,924

6,497

46,440

Income tax (expense) benefit

138,211

(3,559

)

—

134,652

INCOME FROM CONTINUING OPERATIONS

178,135

2,938

181,092

Gain/Loss from equity in subsidiaries

2,957

—

(2,957

)

—

NET INCOME

181,092

2,938

(2,938

)

181,092

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the three months ended March 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments and Other			Total Consolidated Amounts

REVENUES	$	349,574		$	90,621		$	(4,890	)	$	435,305


EXPENSES:
Operating		237,531			82,893			(4,890	)		315,534
General and administrative		17,384			4,456			—			21,840
Depreciation and amortization		18,251			10,136			—			28,387

		273,166			97,485			(4,890	)		365,761


OPERATING INCOME (LOSS)		76,408			(6,864	)		—			69,544


OTHER (INCOME) EXPENSE:
Interest expense, net		16,594			296			—			16,890
Expenses associated with debt refinancing transactions		1,541			—			—			1,541
Other (income) expense		21			(29	)		20			12

		18,156			267			20			18,443


INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		58,252			(7,131	)		(20	)		51,101

Income tax (expense) benefit		(20,796	)		1,737			—			(19,059	)


INCOME (LOSS) FROM CONTINUING OPERATIONS		37,456			(5,394	)		(20	)		32,042

Loss from equity in subsidiaries		(5,776	)		—			5,776			—
Loss from discontinued operations, net of taxes		—			(362	)					(362	)


NET INCOME (LOSS)	$	31,680		$	(5,756	)	$	5,756		$	31,680

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2013

(in thousands)

Parent

Combined
Subsidiary
Guarantors

Consolidating
Adjustments
And Other

Total
Consolidated
Amounts

Net cash provided by (used in) operating activities

(123,998

)

220,853

—

96,855

Net cash used in investing activities

(8,149

)

(3,506

)

—

(11,655

)

Net cash provided by (used in) financing activities

159,905

(247,672

)

—

(87,767

)

Net Increase (Decrease) in Cash and Cash Equivalents

27,758

(30,325

)

—

(2,567

)

CASH AND CASH EQUIVALENTS, beginning of year

—

62,897

—

62,897

CASH AND CASH EQUIVALENTS, end of year

27,758

32,572

—

60,330

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the three months ended March 31, 2012

(in thousands)


	Parent			Combined Subsidiary Guarantors			Consolidating Adjustments And Other		Total Consolidated Amounts
Net cash provided by operating activities	$	64,631		$	3,676		$	—	$	68,307
Net cash used in investing activities		(10,713	)		(12,166	)		—		(22,879	)
Net cash used in financing activities		(53,918	)		(15,988	)		—		(69,906	)

Net Decrease in Cash and Cash Equivalents		—			(24,478	)		—		(24,478	)

CASH AND CASH EQUIVALENTS, beginning of year		—			55,832			—		55,832


CASH AND CASH EQUIVALENTS, end of year	$	—		$	31,354		$	—	$	31,354

Organization and Operations - Additional Information (Detail)	Mar. 31, 2013 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	51
Number of beds at the facility	92,500
Number of states in which company facilities are located	20

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment in direct financing lease, Carrying Amount	$ 8,811	$ 9,233
Note receivable from APM, Carrying Amount	4,533	4,819
Debt, Carrying Amount	(1,016,948)	(1,111,545)
Investment in direct financing lease, Fair Value	10,225	10,852
Note receivable from APM, Fair Value	8,047	8,678
Debt, Fair Value	$ (1,048,250)	$ (1,152,550)

- Definition

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

- Definition

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

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k)(1))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (d)

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-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph k

-Subparagraph 1

-Article 4

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-Subparagraph d

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-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 3

-Article 7

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-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.3)

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-Name FASB Interpretation (FIN)

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+ Details

Goodwill - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
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

- Definition

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.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph l

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-Section 50

-Paragraph 1

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+ Details

Facility Activation Developments and Closures - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended		1 Months Ended				3 Months Ended	1 Months Ended		3 Months Ended	1 Months Ended
	Sep. 30, 2012	Mar. 31, 2013 Bed	Dec. 31, 2012	Mar. 31, 2013	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	Mar. 31, 2013 San Diego Correctional Facility Facility	Sep. 30, 2012 Red Rock Correctional Center RenewalOptions	Mar. 31, 2013 Red Rock Correctional Center Facility	Mar. 31, 2013 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	1,154		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		130.9	132.1
Lease expiration date										Dec. 31, 2015
Amount invested to acquire property										49.1
Expected additional number of offenders to be managed by the company											1,000			500	500
Management contract, initial term											10 years
Management contract, number of renewal options											2
Management contract, renewal option term											5 years
Percentage of guaranteed occupancy under management contract											90.00%
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													1,400

Discontinued Operations - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Jan. 31, 2012 Delta Correctional Facility Facility	Nov. 30, 2011 Delta Correctional Facility Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Housing capacity of terminated facility, in beds				1,172
Number of inmates being transferred from facility			900
Discontinued operations, accounts payable and accrued liabilities	$ 0.1	$ 0.4

Summarized Results of Operations for Discontinued Facilities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012
Discontinued Operations [Line Items]
Managed-only, Revenue	$ 193
Disposal Group, Including Discontinued Operation, Revenue, Total	193
Managed-only, Expenses	861
Disposal Group, Including Discontinued Operation, Operating Expense, Total	861
OPERATING LOSS	(668)
Other income	91
LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES BEFORE INCOME TAX	(577)
Income tax benefit	215
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES	$ (362)

Schedule of Debt Outstanding (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term debt	$ 1,016,948	$ 1,111,545
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	560,000	655,000
Senior Notes 7.75% Due 2017
Debt Instrument [Line Items]
Long-term debt	$ 456,948	$ 456,545

- Definition

+ References+ Details

Schedule of Debt Outstanding (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving Credit Facility maturity date	Dec. 31, 2017
Weighted average rate	1.70%	1.70%
Senior Notes interest payable dates	interest payable periodically at variable interest rates.
Senior Notes 7.75% Due 2017
Debt Instrument [Line Items]
Interest rate stated percentage of Senior Notes	7.75%
Note maturity date	Jun. 30, 2017
Senior Notes interest payable dates	interest payable semi-annually in June and December at 7.75%.
Notes issued with a discount	$ 13.4
Notes, unamortized	$ 8.1	$ 8.5

- Definition

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

+ References+ Details

- Definition

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.

+ References

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-Section 45

-Paragraph 4

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-Paragraph 16

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 21

-Paragraph 20

-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

Debt - Additional Information (Detail) (USD $)		3 Months Ended								3 Months Ended		3 Months Ended			1 Months Ended			1 Months Ended		3 Months Ended
Debt - Additional Information (Detail) (USD $)	Mar. 31, 2013	Mar. 31, 2013 Amended Revolving Credit Facility	Mar. 31, 2012 Amended Revolving Credit Facility	Mar. 31, 2013 Amended Revolving Credit Facility Minimum	Mar. 31, 2013 Amended Revolving Credit Facility Maximum	Mar. 31, 2012 Revolving Credit Facility	Mar. 31, 2012 Senior Notes 6.25% Due 2013	Mar. 31, 2013 Swingline Loans	Mar. 31, 2013 Letter of Credit	Mar. 31, 2013 Senior Notes 7.75% Due 2017	Mar. 21, 2013 Senior Notes 7.75% Due 2017	Mar. 31, 2013 Senior Notes 7.75% Due 2017 Holders who validly tendered their 7.75% Senior Notes before the early tender deadline on April 3 2013	Mar. 31, 2013 Senior Notes 7.75% Due 2017 Holders who validly tendered on or prior to the early tender deadline	Mar. 31, 2013 Senior Notes 7.75% Due 2017 Holders who validly tendered following the early tender deadline but on or prior to the expiration of the tender offer on April 17, 2013	Apr. 30, 2013 Senior Notes 7.75% Due 2017 Tender Offer	Apr. 30, 2013 Senior Notes Four Point One Twenty Five Percent Due Twenty Twenty Issuance of Debt	Apr. 04, 2013 Senior Notes Four Point One Twenty Five Percent Due Twenty Twenty Issuance of Debt	Apr. 30, 2013 Senior Notes Four Point Six Twenty Five Percent Due Twenty Twenty Three Issuance of Debt	Apr. 04, 2013 Senior Notes Four Point Six Twenty Five Percent Due Twenty Twenty Three Issuance of Debt	Mar. 31, 2013 Senior Notes
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 900,000,000	$ 785,000,000			$ 450,000,000		$ 30,000,000
Debt issuance costs, capitalized		2,700,000	6,000,000
Charge against write-off of loan costs						100,000
Purchase of Senior Notes							335,000,000								315,400,000
Revolving Credit Facility maturity extension period		1 year
Revolving Credit Facility maturity date		2017-12
Line of credit interest on outstanding borrowings		At CCA's option, interest on outstanding borrowings under the $900.0 Million 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 ranging from 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%
Line of credit facility, aggregate principal amount of additional borrowing		100,000,000
Percentage of commitment fee to unfunded balance		0.30%
Borrowings under credit facility		560,000,000							25,700,000
Line of credit facility		314,300,000
Sublimit for issuance of standby letters of credit		50,000,000
Percentage of capital stock of foreign subsidiary secured by pledge under Revolving Credit Facilities		65.00%
Maximum cash tender offer										465,000,000
Early tender deadline date										April 3, 2013
Aggregate principal amount											675,000,000						325,000,000		350,000,000
Total consideration offered upon tendering of senior notes												1,050	30	20
Principal amount of Senior Notes for which consideration is offered												1,000	1,000	1,000
Cash tender paid															315,400,000
Debt instrument due date										Jun. 30, 2017						Apr. 01, 2020		May 01, 2023
Debt instrument interest rate										7.75%						4.125%		4.625%
Debt instrument redemption percentage of par										103.875%						100.00%		100.00%
Amount charged against purchase and redemption of debt										200,000
Expected write-off of loan costs, discount and fees associated with purchase and redemption of notes										$ 36,500,000
Net proceeds from senior notes, percentage of REIT required distribution to be funded																				20.00%
Period of commercially reasonable efforts to register the New Notes	270 days

Declared Common Stock Dividends (Detail) (USD $)	3 Months Ended
Declared Common Stock Dividends (Detail) (USD $)	Mar. 31, 2013
Dividends Payable [Line Items]
Per Share	$ 0.53
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
Dividend Payment 4th
Dividends Payable [Line Items]
Declaration Date	Feb. 22, 2013
Record Date	Apr. 03, 2013
Payable Date	Apr. 15, 2013
Per Share	$ 0.53

Stockholders Equity - Additional Information (Detail) (USD $)	3 Months Ended	1 Months Ended		3 Months Ended		12 Months Ended	3 Months Ended				12 Months Ended		3 Months Ended		12 Months Ended	3 Months Ended
	Mar. 31, 2013	Apr. 30, 2013 Dividend Declared	Apr. 30, 2013 Dividend Declared Maximum	Mar. 31, 2013 Restricted stock	Mar. 31, 2012 Restricted stock	Dec. 31, 2012 Restricted stock	Mar. 31, 2013 Restricted stock Officers And Executive Officers	Mar. 31, 2013 Restricted stock Other Employees	Mar. 31, 2013 Restricted stock General and Administrative Expense	Mar. 31, 2012 Restricted stock General and Administrative Expense	Dec. 31, 2012 Restricted stock General and Administrative Expense	Dec. 31, 2012 Restricted stock General and Administrative Expense Non Employee Directors	Mar. 31, 2013 Restricted stock Operating Expense	Mar. 31, 2012 Restricted stock Operating Expense	Dec. 31, 2012 Restricted stock Operating Expense	Mar. 31, 2013 Stock options	Mar. 31, 2012 Stock options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Dividend declared		$ 675,000,000
Dividend declared per share	$ 0.53	$ 6.63
Dividend declared payment date		May 20, 2013
Dividend declared record date		Apr. 19, 2013
Dividend declared, maximum percentage of cash dividend			20.00%
Dividend declared, cash	53,844,000		135,000,000
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees				407,000					361,000		290,000	349,000	46,000		59,000
Fair value of restricted common stock and common stock units and stock options issued by CCA to certain of its employees				15,000,000		9,200,000
Vesting period							3 years
Performance criteria, cumulative period							3 years
Percent of awards eligible to vest							33.33%
Vesting period, continuous service requirement								3 years
Allocated share-based compensation expense				2,200,000	1,600,000				1,900,000	1,400,000			300,000	200,000
Restricted common stock and common stock units remained outstanding and subject to vesting				885,000
Expense net of estimated forfeitures, relating to common stock options																$ 1,000,000	$ 1,100,000
Common stock options outstanding																3,200,000
Weighted average exercise price of common stock outstanding																$ 21.29

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
	Mar. 31, 2013	Mar. 31, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Income from continuing operations	$ 181,092	$ 32,042
Loss from discontinued operations, net of taxes		(362)
Net income	181,092	31,680
Weighted average shares and assumed conversions	101,835	100,086
Income from continuing operations	$ 1.81	$ 0.32
Loss from discontinued operations, net of taxes
Net income	$ 1.81	$ 0.32
Income from continuing operations	$ 1.78	$ 0.32
Loss from discontinued operations, net of taxes
Net income	$ 1.78	$ 0.32
Earnings Per Share, Basic
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Income from continuing operations	181,092	32,042
Loss from discontinued operations, net of taxes		(362)
Net income	181,092	31,680
Weighted average common shares outstanding, basic	100,070	99,292
Earnings Per Share, Diluted
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Income from continuing operations	181,092	32,042
Loss from discontinued operations, net of taxes		(362)
Net income	$ 181,092	$ 31,680
Weighted average common shares outstanding, diluted	100,070	99,292
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities	1,556	631
Restricted stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities	209	163

Earnings Per Share - Additional Information (Detail)	3 Months Ended
Earnings Per Share - Additional Information (Detail)	Mar. 31, 2013	Mar. 31, 2012
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	13,500	1,500,000

- Definition

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.

+ References

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	3 Months Ended
	Mar. 31, 2013 Bed	Mar. 31, 2013 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		$ 10.3

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Taxes [Line Items]
REIT, minimum percentage of taxable income required to be distributed	90.00%
Expected net tax benefit	$ 137.7
Effective tax rate	8.00%	37.30%
Percentage of tax position benefit maximum than being realized upon ultimate settlement	50.00%

- Definition

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

Segment Reporting - Additional Information (Detail)	3 Months Ended
Segment Reporting - Additional Information (Detail)	Mar. 31, 2013 Segment Facility
Segment Reporting Information [Line Items]
Number of facilities owned and managed	49
Number of facilities managed and not owned	18
Number of reporting segments	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
	Mar. 31, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Total management revenue	$ 424,806	$ 434,171
Total operating expenses	303,305	310,695
Other revenue	918	1,134
Other operating expense	(4,225)	(4,839)
General and administrative	(31,232)	(21,840)
Depreciation and amortization	(27,630)	(28,387)
Operating income	59,332	69,544
Owned and managed
Segment Reporting Information [Line Items]
Total management revenue	341,493	351,763
Total operating expenses	229,255	235,638
Operating income	112,238	116,125
Managed-only
Segment Reporting Information [Line Items]
Total management revenue	83,313	82,408
Total operating expenses	74,050	75,057
Operating income	9,263	7,351
Facility contribution
Segment Reporting Information [Line Items]
Operating income	$ 121,501	$ 123,476

- Definition

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	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Segment Reporting Information [Line Items]
Total capital expenditures	$ 10,803	$ 21,470
Owned and managed
Segment Reporting Information [Line Items]
Total capital expenditures	8,319	13,602
Managed-only
Segment Reporting Information [Line Items]
Total capital expenditures	954	921
Corporate and Other
Segment Reporting Information [Line Items]
Total capital expenditures	$ 1,530	$ 6,947

Schedule of Assets for Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Total assets	$ 2,936,375	$ 2,974,742
Owned and managed
Segment Reporting Information [Line Items]
Total assets	2,638,260	2,654,791
Managed-only
Segment Reporting Information [Line Items]
Total assets	95,361	119,191
Corporate and Other
Segment Reporting Information [Line Items]
Total assets	$ 202,754	$ 200,760

- Definition

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

Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 60,330	$ 62,897
Accounts receivable, net of allowance	232,863	252,764
Current deferred tax assets	5,360	8,022
Prepaid expenses and other current assets	20,048	27,059
Total current assets	318,601	350,742
Property and equipment, net	2,551,961	2,568,791
Restricted cash	5,023	5,022
Investment in direct financing lease	6,991	7,467
Goodwill	11,988	11,988
Other assets	35,813	30,732
Non-current deferred tax assets	5,998
Total assets	2,936,375	2,974,742
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	216,279	166,000
Income taxes payable	2,352	102
Current liabilities of discontinued operations	79	356
Total current liabilities	218,710	166,458
Long-term debt	1,016,948	1,111,545
Deferred tax liabilities		139,526
Other liabilities	38,815	35,593
Total liabilities	1,274,473	1,453,122
Total stockholders' equity	1,661,902	1,521,620	1,443,571	1,408,022
Total liabilities and stockholders' equity	2,936,375	2,974,742
Parent
ASSETS
Cash and cash equivalents	27,758
Accounts receivable, net of allowance	293,711	136,128
Current deferred tax assets	4	137
Prepaid expenses and other current assets	2,672	1,766
Total current assets	324,145	138,031
Property and equipment, net	2,452,362	2,462,917
Investment in direct financing lease	6,991	7,467
Other assets	198,110	191,502
Total assets	2,981,608	2,799,917
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	301,885	28,061
Total current liabilities	301,885	28,061
Long-term debt	1,016,948	1,111,545
Deferred tax liabilities	533	138,691
Other liabilities	340
Total liabilities	1,319,706	1,278,297
Total stockholders' equity	1,661,902	1,521,620
Total liabilities and stockholders' equity	2,981,608	2,799,917
Combined Subsidiary Guarantors
ASSETS
Cash and cash equivalents	32,572	62,897
Accounts receivable, net of allowance	276,506	255,192
Current deferred tax assets	5,356	7,885
Prepaid expenses and other current assets	26,836	35,175
Total current assets	341,270	361,149
Property and equipment, net	99,599	105,874
Restricted cash	5,023	5,022
Goodwill	11,988	11,988
Other assets	18,880	114,953
Non-current deferred tax assets	6,531
Total assets	483,291	598,986
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	261,174	286,342
Income taxes payable	2,352	102
Current liabilities of discontinued operations	79	356
Total current liabilities	263,605	286,800
Long-term debt	98,268	100,000
Deferred tax liabilities		835
Other liabilities	38,475	35,593
Total liabilities	400,348	423,228
Total stockholders' equity	82,943	175,758
Total liabilities and stockholders' equity	483,291	598,986
Consolidating Adjustments and Other
ASSETS
Accounts receivable, net of allowance	(337,354)	(138,556)
Prepaid expenses and other current assets	(9,460)	(9,882)
Total current assets	(346,814)	(148,438)
Other assets	(181,177)	(275,723)
Non-current deferred tax assets	(533)
Total assets	(528,524)	(424,161)
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	(346,780)	(148,403)
Total current liabilities	(346,780)	(148,403)
Long-term debt	(98,268)	(100,000)
Deferred tax liabilities	(533)
Total liabilities	(445,581)	(248,403)
Total stockholders' equity	(82,943)	(175,758)
Total liabilities and stockholders' equity	$ (528,524)	$ (424,161)

Condensed Consolidating Statement of Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
REVENUES	$ 425,724	$ 435,305
EXPENSES:
Operating	307,530	315,534
General and administrative	31,232	21,840
Depreciation and amortization	27,630	28,387
Costs and Expenses	366,392	365,761
Operating income	59,332	69,544
OTHER (INCOME) EXPENSE:
Interest expense, net	12,566	16,890
Expenses associated with debt refinancing transactions	225	1,541
Other (income) expense	101	12
Total non-operating expense (income)	12,892	18,443
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	46,440	51,101
Income tax (expense) benefit	134,652	(19,059)
INCOME (LOSS) FROM CONTINUING OPERATIONS	181,092	32,042
Loss from discontinued operations, net of taxes		(362)
NET INCOME	181,092	31,680
Parent
Condensed Financial Statements, Captions [Line Items]
REVENUES	313,437	349,574
EXPENSES:
Operating	234,660	237,531
General and administrative	9,609	17,384
Depreciation and amortization	18,651	18,251
Costs and Expenses	262,920	273,166
Operating income	50,517	76,408
OTHER (INCOME) EXPENSE:
Interest expense, net	10,095	16,594
Expenses associated with debt refinancing transactions	177	1,541
Other (income) expense	321	21
Total non-operating expense (income)	10,593	18,156
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	39,924	58,252
Income tax (expense) benefit	138,211	(20,796)
INCOME (LOSS) FROM CONTINUING OPERATIONS	178,135	37,456
Gain/Loss from equity in subsidiaries	2,957	(5,776)
NET INCOME	181,092	31,680
Combined Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
REVENUES	341,994	90,621
EXPENSES:
Operating	302,577	82,893
General and administrative	21,623	4,456
Depreciation and amortization	8,979	10,136
Costs and Expenses	333,179	97,485
Operating income	8,815	(6,864)
OTHER (INCOME) EXPENSE:
Interest expense, net	2,471	296
Expenses associated with debt refinancing transactions	48
Other (income) expense	(201)	(29)
Total non-operating expense (income)	2,318	267
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	6,497	(7,131)
Income tax (expense) benefit	(3,559)	1,737
INCOME (LOSS) FROM CONTINUING OPERATIONS	2,938	(5,394)
Loss from discontinued operations, net of taxes		(362)
NET INCOME	2,938	(5,756)
Consolidating Adjustments and Other
Condensed Financial Statements, Captions [Line Items]
REVENUES	(229,707)	(4,890)
EXPENSES:
Operating	(229,707)	(4,890)
Costs and Expenses	(229,707)	(4,890)
OTHER (INCOME) EXPENSE:
Other (income) expense	(19)	20
Total non-operating expense (income)	(19)	20
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	19	(20)
INCOME (LOSS) FROM CONTINUING OPERATIONS	19	(20)
Gain/Loss from equity in subsidiaries	(2,957)	5,776
NET INCOME	$ (2,938)	$ 5,756

Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 96,855	$ 68,307
Net cash used in investing activities	(11,655)	(22,879)
Net cash provided by (used in) financing activities	(87,767)	(69,906)
Net Increase (Decrease) in Cash and Cash Equivalents	(2,567)	(24,478)
CASH AND CASH EQUIVALENTS, beginning of period	62,897	55,832
CASH AND CASH EQUIVALENTS, end of period	60,330	31,354
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(123,998)	64,631
Net cash used in investing activities	(8,149)	(10,713)
Net cash provided by (used in) financing activities	159,905	(53,918)
Net Increase (Decrease) in Cash and Cash Equivalents	27,758
CASH AND CASH EQUIVALENTS, end of period	27,758
Combined Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	220,853	3,676
Net cash used in investing activities	(3,506)	(12,166)
Net cash provided by (used in) financing activities	(247,672)	(15,988)
Net Increase (Decrease) in Cash and Cash Equivalents	(30,325)	(24,478)
CASH AND CASH EQUIVALENTS, beginning of period	62,897	55,832
CASH AND CASH EQUIVALENTS, end of period	$ 32,572	$ 31,354

- Definition

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.

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- Definition

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.

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- Definition

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.

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2013
Dividends declared on common stock, per share	$ 0.53