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Discontinued Operations
 3 Months Ended
Mar. 31, 2012
Discontinued Operations [Abstract]  
Discontinued Operations
5. 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.

The following table summarizes the results of operations for this facility for the three months ended March 31, 2012 and 2011 (in thousands):

 

     For the Three Months Ended March 31,  
     2012     2011  

REVENUE:

     

Managed-only

    $ 193      $ 2,894   
  

 

 

    

 

 

  
     193        2,894   
  

 

 

    

 

 

  

EXPENSES:

     

Managed-only

      861        2,943   

Depreciation and amortization

      —          129   
  

 

 

    

 

 

  
     861        3,072   
  

 

 

    

 

 

  

OPERATING LOSS

      (668 )      (178 ) 

Other income

      91        —     
  

 

 

    

 

 

  

LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES

      (577 )      (178 ) 

Income tax benefit

      215        68   
  

 

 

    

 

 

  

LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES

    $ (362 )    $ (110 ) 
  

 

 

    

 

 

  

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

 

     March 31, 2012      December 31, 2011  
ASSETS      

Cash and cash equivalents

    $ 3       $ 30   

Accounts receivable

      —           3,353   

Prepaid expenses and other current assets

      13         115   
  

 

 

     

 

 

  

Total current assets

      16         3,498   

Property and equipment, net

      —           178   

Other assets

      —           3   
  

 

 

     

 

 

  

Total assets

    $ 16       $ 3,679   
  

 

 

     

 

 

  
LIABILITIES      

Accounts payable and accrued expenses

    $ 1,196       $ 2,031   
  

 

 

     

 

 

  

Total current liabilities

    $ 1,196       $ 2,031   
  

 

 

     

 

 

  

These assets and liabilities include those of the Delta facility, along with the assets and liabilities of the Gadsden Correctional Institution and the Hernando County Jail, both of which we ceased operating during the third quarter of 2010, and the Bay County Jail, which we ceased operating in 2008. We did not own any of these facilities.