XML 53 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SEGMENT REPORTING | 6 Months Ended
--- | ---
Jun. 30, 2014
SEGMENT REPORTING |
11. | SEGMENT REPORTING
As of June 30, 2014, CCA owned and managed 49 correctional and detention facilities, and managed 13 correctional and detention facilities it did not own. In addition, CCA owned three facilities that it leased to third-party operators. 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 2013 Form 10-K. Owned and managed facilities include the operating results of those facilities placed into service that were owned or controlled via a long-term lease 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 net operating income. CCA defines facility net operating income as a facility’s operating income or loss from operations before interest, taxes, asset impairments, 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 and six months ended June 30, 2014 and 2013 (in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owned and managed |  | $ | 340,024 |  |  | $ | 348,608 |  |  | $ | 674,936 |  |  | $ | 690,101 |
Managed-only |  |  | 60,328 |  |  |  | 75,310 |  |  |  | 124,331 |  |  |  | 149,622 |
Total management revenue |  |  | 400,352 |  |  |  | 423,918 |  |  |  | 799,267 |  |  |  | 839,723 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owned and managed |  |  | 227,679 |  |  |  | 234,648 |  |  |  | 455,327 |  |  |  | 463,903 |
Managed-only |  |  | 53,836 |  |  |  | 64,812 |  |  |  | 112,281 |  |  |  | 129,554 |
Total operating expenses |  |  | 281,515 |  |  |  | 299,460 |  |  |  | 567,608 |  |  |  | 593,457 |
Facility net operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owned and managed |  |  | 112,345 |  |  |  | 113,960 |  |  |  | 219,609 |  |  |  | 226,198 |
Managed-only |  |  | 6,492 |  |  |  | 10,498 |  |  |  | 12,050 |  |  |  | 20,068 |
Total facility net operating income |  |  | 118,837 |  |  |  | 124,458 |  |  |  | 231,659 |  |  |  | 246,266 |
Other revenue (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other revenue |  |  | 10,342 |  |  |  | 1,087 |  |  |  | 15,649 |  |  |  | 2,005 |
Other operating expense |  |  | (6,095 | ) |  |  | (4,541 | ) |  |  | (7,382 | ) |  |  | (8,766 | )
General and administrative |  |  | (26,559 | ) |  |  | (25,360 | ) |  |  | (51,951 | ) |  |  | (56,592 | )
Depreciation and amortization |  |  | (28,752 | ) |  |  | (27,675 | ) |  |  | (57,136 | ) |  |  | (55,052 | )
Asset impairments |  |  | (2,238 | ) |  |  | — |  |  |  | (2,238 | ) |  |  | — |
Operating income |  | $ | 65,535 |  |  | $ | 67,969 |  |  | $ | 128,601 |  |  | $ | 127,861 |
The following table summarizes capital expenditures including accrued amounts for the reportable segments for the three and six months ended June 30, 2014 and 2013 (amounts in thousands):
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owned and managed |  | $ | 23,851 |  |  | $ | 15,023 |  |  | $ | 49,471 |  |  | $ | 23,342 |
Managed-only |  |  | 767 |  |  |  | 737 |  |  |  | 1,399 |  |  |  | 1,405 |
Corporate and other |  |  | 1,845 |  |  |  | 1,361 |  |  |  | 2,877 |  |  |  | 2,891 |
Discontinued operations |  |  | — |  |  |  | (214 | ) |  |  | — |  |  |  | 72 |
Total capital expenditures |  | $ | 26,463 |  |  | $ | 16,907 |  |  | $ | 53,747 |  |  | $ | 27,710 |
The assets for the reportable segments are as follows (amounts in thousands):
|  | June 30, 2014 |  |  | December 31, 2013 |
Assets: |  |  |  |  |  |  |  |
Owned and managed |  | $ | 2,612,954 |  |  | $ | 2,715,719 |
Managed-only |  |  | 70,207 |  |  |  | 81,551 |
Corporate and other |  |  | 290,333 |  |  |  | 210,140 |
Discontinued operations |  |  | — |  |  |  | 15 |
Total assets |  | $ | 2,973,494 |  |  | $ | 3,007,425 |

X
- 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 -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration