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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2014
Tax Characterization of Dividends per Share on Common Shares | Dividends on Common Stock The tax characterization of dividends per share on common shares as reported to shareholders was as follows for the years ended December 31, 2014, 2013, and 2012:
Declaration Date |  | Record Date |  | Payable Date |  | Ordinary Income |  |  | Return of Capital |  |  | Total Per Share
May 11, 2012 |  | June 8, 2012 |  | June 22, 2012 |  |  | 0.20 | (1) |  |  | — |  |  | $0.20
August 20, 2012 |  | September 14, 2012 |  | September 28, 2012 |  |  | 0.20 | (1) |  |  | — |  |  | $0.20
November 6, 2012 |  | November 30, 2012 |  | December 14, 2012 |  |  | 0.20 | (1) |  |  | — |  |  | $0.20
February 22, 2013 |  | April 3, 2013 |  | April 15, 2013 |  |  | 0.346119 |  |  |  | 0.183881 |  |  | $0.53
May 16, 2013 |  | July 3, 2013 |  | July 15, 2013 |  |  | 0.313466 |  |  |  | 0.166534 |  |  | $0.48
August 16, 2013 |  | October 2, 2013 |  | October 15, 2013 |  |  | 0.313466 |  |  |  | 0.166534 |  |  | $0.48
December 12, 2013 |  | January 2, 2014 |  | January 15, 2014 |  |  | 0.48 | (2) |  |  | — |  |  | $0.48
February 20, 2014 |  | April 2, 2014 |  | April 15, 2014 |  |  | 0.51 | (3) |  |  | — |  |  | $0.51
May 15, 2014 |  | July 2, 2014 |  | July 15, 2014 |  |  | 0.51 | (3) |  |  | — |  |  | $0.51
August 14, 2014 |  | October 2, 2014 |  | October 15, 2014 |  |  | 0.51 | (3) |  |  | — |  |  | $0.51
December 11, 2014 |  | January 2, 2015 |  | January 15, 2015 |  |  | — | (4) |  |  | — | (4) |  | $0.51
| (1) | The amount constitutes a “Qualified Dividend”, as defined by the IRS.
| (2) | $0.072069 of this amount constitutes a “Qualified Dividend”, as defined by the IRS.
| (3) | $0.076573 of this amount constitutes a “Qualified Dividend”, as defined by the IRS.
| (4) | Taxable in 2015.
Summary of Nonvested Restricted Common Stock Transactions | Nonvested restricted common stock transactions as of December 31, 2014 and for the year then ended are summarized below (in thousands, except per share amounts).
|  | Shares of restricted common stock and RSUs |  |  | Weighted average grant date fair value |
Nonvested at December 31, 2013 |  |  | 812 |  |  | $ | 32.81 |
Granted |  |  | 548 |  |  | $ | 32.40 |
Cancelled |  |  | (31 | ) |  | $ | 32.31 |
Vested |  |  | (309 | ) |  | $ | 31.73 |
Nonvested at December 31, 2014 |  |  | 1,020 |  |  | $ | 32.93 |
Summary of Stock Option Transactions Relating to Non-Qualified Stock Option Plans | Stock option transactions relating to CCA’s non-qualified stock option plans are summarized below (in thousands, except exercise prices):
|  | No. of options |  |  | Weighted- Average Exercise Price of options |  |  | Weighted- Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2013 |  |  | 2,602 |  |  | $ | 19.31 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (712 | ) |  |  | 17.47 |  |  |  |  |  |  |  |  |
Cancelled |  |  | (6 | ) |  |  | 22.34 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2014 |  |  | 1,884 |  |  | $ | 20.00 |  |  |  | 5.0 |  |  | $ | 30,792 |
Exercisable at December 31, 2014 |  |  | 1,602 |  |  | $ | 19.58 |  |  |  | 4.6 |  |  | $ | 26,841 |
Schedule of Estimated Fair Value of Option Grant Using Black-Scholes Option Pricing Model | The fair value of the 2012 option grant was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
|  | 2012 |
Expected dividend yield |  |  | 3.0 | %
Expected stock price volatility |  |  | 42.2 | %
Risk-free interest rate |  |  | 1.0 | %
Expected life of options |  |  | 5 years |
Summary of Nonvested Stock Option Transactions Relating to Non-Qualified Stock Option Plans | Nonvested stock option transactions relating to CCA’s non-qualified stock option plans as of December 31, 2014 and changes during the year ended December 31, 2014 are summarized below (in thousands, except grant date fair values):
|  | Number of options |  |  | Weighted average grant date fair value |
Nonvested at December 31, 2013 |  |  | 679 |  |  | $ | 6.88 |
Granted |  |  | — |  |  | $ | — |
Cancelled |  |  | — |  |  | $ | — |
Vested |  |  | (397 | ) |  | $ | 7.04 |
Nonvested at December 31, 2014 |  |  | 282 |  |  | $ | 6.66 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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