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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2013
Components Of Income Tax Expense | Income tax (benefit) expense is comprised of the following components (in thousands):
|  | For the Years Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current income tax (benefit) expense |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 13,674 |  |  | $ | 75,867 |  |  | $ | 70,379 |
State |  |  | 2,368 |  |  |  | 5,885 |  |  |  | 6,466 |
|  |  | 16,042 |  |  |  | 81,752 |  |  |  | 76,845 |
Deferred income tax (benefit) expense |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (144,771 | ) |  |  | 8,576 |  |  |  | 17,167 |
State |  |  | (6,266 | ) |  |  | (2,815 | ) |  |  | 2,154 |
|  |  | (151,037 | ) |  |  | 5,761 |  |  |  | 19,321 |
Income tax (benefit) expense |  | $ | (134,995 | ) |  | $ | 87,513 |  |  | $ | 96,166 |
Components of Deferred Tax Assets and Liabilities | Significant components of CCA’s deferred tax assets and liabilities as of December 31, 2013 and 2012, are as follows (in thousands):
|  | December 31, |
|  | 2013 |  |  | 2012 |
Current deferred tax assets: |  |  |  |  |  |  |  |
Asset reserves and liabilities not yet deductible for tax |  | $ | 11,284 |  |  | $ | 12,198 |
Net current deferred tax assets |  |  | 11,284 |  |  |  | 12,198 |
Current deferred tax liabilities: |  |  |  |  |  |  |  |
Other |  |  | (2,043 | ) |  |  | (4,176 | )
Net total current deferred tax assets |  | $ | 9,241 |  |  | $ | 8,022 |
Noncurrent deferred tax assets: |  |  |  |  |  |  |  |
Asset reserves and liabilities not yet deductible for tax |  | $ | 17,372 |  |  | $ | 24,392 |
Tax over book basis of certain assets |  |  | 897 |  |  |  | 13,994 |
Net operating loss and tax credit carryforwards |  |  | 4,575 |  |  |  | 8,843 |
Intangible contract value |  |  | 3,024 |  |  |  | — |
Other |  |  | 705 |  |  |  | 261 |
Total noncurrent deferred tax assets |  |  | 26,573 |  |  |  | 47,490 |
Less valuation allowance |  |  | (4,497 | ) |  |  | (2,655 | )
Net noncurrent deferred tax assets |  |  | 22,076 |  |  |  | 44,835 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |  |  |
Book over tax basis of certain assets |  |  | (9,067 | ) |  |  | (184,334 | )
Intangible lease value |  |  | (9,894 | ) |  |  | — |
Other |  |  | (37 | ) |  |  | (27 | )
Total noncurrent deferred tax liabilities |  |  | (18,998 | ) |  |  | (184,361 | )
Net total noncurrent deferred tax assets (liabilities) |  | $ | 3,078 |  |  | $ | (139,526 | )
Reconciliation of Income Tax Provision at Statutory Income Tax Rate and Effective Tax Rate | A reconciliation of the income tax provision at the statutory income tax rate and the effective tax rate as a percentage of income from continuing operations before income taxes for the years ended December 31, 2013, 2012, and 2011 is as follows:
|  | 2013 |  |  | 2011 |  |  | 2010 |
Statutory federal rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
Dividends paid deduction |  |  | (30.7 | ) |  |  | — |  |  |  | — |
State taxes, net of federal tax benefit |  |  | 1.1 |  |  |  | 1.0 |  |  |  | 2.6 |
Permanent differences |  |  | 3.0 |  |  |  | 0.7 |  |  |  | 0.5 |
Impact of REIT election |  |  | (87.0 | ) |  |  | — |  |  |  | — |
Other items, net |  |  | (1.0 | ) |  |  | (0.9 | ) |  |  | (0.9 | )
|  |  | (79.6 | )% |  |  | 35.8 | % |  |  | 37.2 | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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