XML 114 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

DISCONTINUED OPERATIONS | 12 Months Ended
--- | ---
Dec. 31, 2013
DISCONTINUED OPERATIONS |
12. | DISCONTINUED OPERATIONS
Under the provisions of ASC 205-20, “Discontinued Operations”, the identification and classification of a facility as held for sale, or the termination of any of CCA’s management contracts by expiration or otherwise, may result in the classification of the operating results of such facility, net of taxes, as a discontinued operation, so long as the financial results can be clearly identified, and so long as CCA does not have any significant continuing involvement in the operations of the component after the disposal or termination transaction. The results of operations, net of taxes, and the assets and liabilities of three correctional facilities each as further described hereafter, have been reflected in the accompanying consolidated financial statements as discontinued operations in accordance with ASC 205-20 for the years ended December 31, 2013, 2012, and 2011. 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. During the second quarter of 2013, CCA announced that the TDCJ elected not to renew its contract for the 2,216-bed managed-only Dawson State Jail in Dallas, Texas due to a legislative budget reduction. As a result, upon expiration of the contract in August 2013, CCA ceased operations of the Dawson State Jail. During the second quarter of 2013, CCA also received notification that it was not selected for the continued management of the 1,000-bed managed-only Wilkinson County Correctional Facility in Woodville, Mississippi at the end of the contract on June 30, 2013. Accordingly, the results of operations, net of taxes, and the assets and liabilities of these three facilities have been reported as discontinued operations for all periods presented. The following table summarizes the results of operations for the facilities classified as discontinued operations for the years ended December 31, 2013, 2012 and 2011 (in thousands):
|  | For the Years Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
REVENUE: |  |  |  |  |  |  |  |  |  |  |  |
Managed-only |  | $ | 19,984 |  |  | $ | 36,421 |  |  | $ | 46,808 |
|  |  | 19,984 |  |  |  | 36,421 |  |  |  | 46,808 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |
Managed-only |  |  | 22,529 |  |  |  | 35,994 |  |  |  | 45,131 |
Depreciation and amortization |  |  | 799 |  |  |  | 870 |  |  |  | 1,363 |
Asset impairments |  |  | 2,637 |  |  |  | — |  |  |  | — |
|  |  | 25,965 |  |  |  | 36,864 |  |  |  | 46,494 |
OPERATING (LOSS) INCOME |  |  | (5,981 | ) |  |  | (443 | ) |  |  | 314 |
Other (expense) income |  |  | (17 | ) |  |  | 96 |  |  |  | 1 |
(LOSS) INCOME BEFORE INCOME TAXES |  |  | (5,998 | ) |  |  | (347 | ) |  |  | 315 |
Income tax benefit (expense) |  |  | 2,241 |  |  |  | 142 |  |  |  | (135 | )
(LOSS) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES |  | $ | (3,757 | ) |  | $ | (205 | ) |  | $ | 180 |
The assets and liabilities of the discontinued operations presented in the accompanying consolidated balance sheets are as follows (in thousands):
|  | December 31, |
|  | 2013 |  |  | 2012 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 10 |  |  | $ | 93 |
Accounts receivable |  |  | — |  |  |  | 5,680 |
Prepaid expenses and other current assets |  |  | 5 |  |  |  | 676 |
Total current assets |  |  | 15 |  |  |  | 6,449 |
Property and equipment, net |  |  | — |  |  |  | 2,309 |
Goodwill |  |  | — |  |  |  | 831 |
Other assets |  |  | — |  |  |  | 30 |
Total assets |  | $ | 15 |  |  | $ | 9,619 |
LIABILITIES |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 886 |  |  | $ | 1,827 |
Total current liabilities |  | $ | 886 |  |  | $ | 1,827 |

X
- 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). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration