v2.4.0.6
Segment Reporting
 3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting
11. SEGMENT REPORTING

As of March 31, 2012, CCA owned and managed 47 correctional and detention facilities, and managed 20 correctional and detention facilities it did not own. Management views CCA's operating results in two reportable segments: (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 2011 Form 10-K. Owned and managed facilities include the operating results of those facilities placed into service that were owned and managed by CCA. Managed-only facilities include the operating results of those facilities owned by a third party and managed by CCA. CCA measures the operating performance of each facility within the above two reportable segments, without differentiation, based on facility contribution. CCA defines facility contribution as a facility's operating income or loss from operations before interest, taxes, goodwill impairment, depreciation, and amortization. Since each of CCA's facilities within the two reportable segments exhibit similar economic characteristics, provide similar services to governmental agencies, and operate under a similar set of operating procedures and regulatory guidelines, the facilities within the identified segments have been aggregated and reported as one reportable segment.

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

 

     For the Three Months
Ended March 31, 		 
     2012     2011  

Revenue:

     

Owned and managed

    $ 345,701      $ 335,631   

Managed-only

      88,470        88,122   
  

 

 

    

 

 

  

Total management revenue

      434,171        423,753   
  

 

 

    

 

 

  

Operating expenses:

     

Owned and managed

      230,480        213,191   

Managed-only

      80,215        76,756   
  

 

 

    

 

 

  

Total operating expenses

      310,695        289,947   
  

 

 

    

 

 

  

Facility contribution:

     

Owned and managed

      115,221        122,440   

Managed-only

      8,255        11,366   
  

 

 

    

 

 

  

Total facility contribution

      123,476        133,806   
  

 

 

    

 

 

  

Other revenue (expense):

     

Rental and other revenue

      1,134        1,427   

Other operating expense

      (4,839 )      (3,215 ) 

General and administrative

      (21,840 )      (21,447 ) 

Depreciation and amortization

      (28,387 )      (26,926 ) 
  

 

 

    

 

 

  

Operating income

    $ 69,544      $ 83,645   
  

 

 

    

 

 

  

The following table summarizes capital expenditures for the reportable segments for the three months ended March 31, 2012 and 2011 (amounts in thousands):

 

     For the Three Months
Ended March 31, 		 
     2012      2011  

Capital expenditures:

      

Owned and managed

    $ 13,591       $ 11,291   

Managed-only

      932         850   

Discontinued operations

      —           53   

Corporate and other

      6,947         1,354   
  

 

 

     

 

 

  

Total capital expenditures

    $ 21,470       $ 13,548   
  

 

 

     

 

 

  

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

 

     March 31, 2012      December 31, 2011  

Assets:

      

Owned and managed

    $ 2,699,814       $ 2,711,926   

Managed-only

      110,823         123,806   

Corporate and other

      160,473         180,220   

Discontinued operations

      16         3,679   
  

 

 

     

 

 

  

Total assets

    $ 2,971,126       $ 3,019,631