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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Future Minimum Lease Payments | The expense incurred for all operating leases, inclusive of short-term and variable leases, but exclusive of the non-lease food services component of the STFRC lease, was $20.9 million, $34.2 million, and $34.2 million for the years ended December 31, 2024, 2023, and 2022, respectively. The cash payments for operating leases are reflected as cash flows from operating activities on the accompanying consolidated statements of cash flows and cash payments for financing leases are reflected as cash flows from financing activities. Future minimum lease payments as of December 31, 2024 for the Company's operating lease liabilities are as follows (in thousands):
2025 |  | $ | 4,573 |
2026 |  |  | 4,259 |
2027 |  |  | 3,622 |
2028 |  |  | 3,190 |
2029 |  |  | 2,804 |
Thereafter |  |  | 6,149 |
Total future minimum lease payments |  |  | 24,597 |
Less amount representing interest |  |  | (3,613 | )
Total present value of minimum lease payments |  | $ | 20,984 |
Schedule of Future Minimum Lease Payments to be Received from Third-Party Lessees for Company's Operating Leases and Finance Leases | Future minimum lease payments to be received from third-party lessees as of December 31, 2024 for the Company's operating leases are as follows (in thousands):
2025 |  | $ | 15,962 |
2026 |  |  | 16,174 |
2027 |  |  | 15,615 |
2028 |  |  | 11,950 |
2029 |  |  | 8,308 |
Thereafter |  |  | 2,279 |
Financing Leasing Transactions On January 24, 2018, CoreCivic entered into a 20-year lease agreement with the Kansas Department of Corrections ("KDOC") for a 2,432-bed correctional facility to be constructed by the Company in Lansing, Kansas. The new facility, reported in the Company's CoreCivic Properties segment, replaced the Lansing Correctional Facility, Kansas' largest correctional complex for adult male inmates, originally constructed in 1863. CoreCivic will be responsible for facility maintenance throughout the 20-year term of the lease, at which time ownership will revert to the state of Kansas. Construction of the facility commenced in the first quarter of 2018, and construction was completed in January 2020, at which time the lease commenced. CoreCivic accounts for the lease with the KDOC partially as a financing receivable under ASC 842, with the remaining portion of the lease payments attributable to maintenance services and capital expenditures as revenue streams under ASC 606. As of December 31, 2024 and 2023, the financing receivable was $135.3 million an d $139.0 million, respectively, included in Other Assets on the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, the Lansing Correctional Facility generate d $2.7 million, $2.6 million, and $2.5 million, respectively, of revenue associated with the non-lease services components of the arrangement, and $8.3 million, $8.5 million, and $8.7 million of interest income, respectively. Future minimum lease payments to be received from the third-party lessee as of December 31, 2024 for the Company's finance lease is as follows (in thousands):
2025 |  | $ | 16,484 |
2026 |  |  | 16,804 |
2027 |  |  | 17,130 |
2028 |  |  | 17,462 |
2029 |  |  | 17,801 |
Thereafter |  |  | 199,956 |
Total future minimum lease payments to be received |  |  | 285,637 |
Less amount representing interest |  |  | (75,890 | )
Less amount representing maintenance services and capital expenditures |  |  | (74,420 | )
Total present value of minimum lease payments to be received |  | $ | 135,327 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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