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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Summary Of Components of Income Tax Expense (Benefit) | Income tax expense is comprised of the following components (in thousands):
|  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current income tax expense |  |  |  |  |  |  |  |  |
Federal |  | $ | 26,621 |  |  | $ | 25,037 |  |  | $ | 25,681 |
State |  |  | 4,182 |  |  |  | 5,899 |  |  |  | 5,840 |
|  |  | 30,803 |  |  |  | 30,936 |  |  |  | 31,521 |
Deferred income tax expense (benefit) |  |  |  |  |  |  |  |  |
Federal |  |  | (7,100 | ) |  |  | (2,156 | ) |  |  | 11,484 |
State |  |  | (608 | ) |  |  | (547 | ) |  |  | (23 | )
|  |  | (7,708 | ) |  |  | (2,703 | ) |  |  | 11,461 |
Income tax expense |  | $ | 23,095 |  |  | $ | 28,233 |  |  | $ | 42,982 |
Summary Of Components of Deferred Tax Assets and Liabilities | Significant components of CoreCivic's deferred tax assets and liabilities as of December 31, 2024 and 2023, are as follows (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Noncurrent deferred tax assets: |  |  |  |  |  |
Asset reserves and liabilities not yet deductible for tax |  | $ | 22,458 |  |  | $ | 14,915 |
Accrued compensation not yet deductible for tax |  |  | 14,252 |  |  |  | 12,419 |
Accrued workers compensation liabilities not yet deductible for tax |  |  | 11,126 |  |  |  | 11,333 |
Depreciation |  |  | 8,296 |  |  |  | 8,669 |
ROU lease assets |  |  | 5,887 |  |  |  | 25,282 |
Losses and tax credit carryforwards |  |  | 1,367 |  |  |  | 1,591 |
Intangible assets |  |  | 6,882 |  |  |  | 7,669 |
Other |  |  | 7,522 |  |  |  | 9,010 |
Total noncurrent deferred tax assets |  |  | 77,790 |  |  |  | 90,888 |
Less valuation allowance |  |  | (1,066 | ) |  |  | (848 | )
Total noncurrent deferred tax assets |  |  | 76,724 |  |  |  | 90,040 |
Noncurrent deferred tax liabilities: |  |  |  |  |  |
Depreciation |  |  | (150,481 | ) |  |  | (151,918 | )
Lease liabilities |  |  | (5,290 | ) |  |  | (24,721 | )
Intangible liabilities |  |  | (7,411 | ) |  |  | (7,860 | )
Other |  |  | (2,749 | ) |  |  | (2,456 | )
Total noncurrent deferred tax liabilities |  |  | (165,931 | ) |  |  | (186,955 | )
Net total noncurrent deferred tax liabilities |  | $ | (89,207 | ) |  | $ | (96,915 | )
Summary Of 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, 2024, 2023, and 2022 is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
Statutory federal rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State taxes, net of federal tax benefit |  |  | 2.9 |  |  |  | 4.5 |  |  |  | 3.4 |
Permanent differences |  |  | 5.9 |  |  |  | 4.3 |  |  |  | 1.7 |
Tax benefit of equity-based compensation |  |  | (2.5 | ) |  |  | (0.3 | ) |  |  | — |
Other items, net |  |  | (2.2 | ) |  |  | — |  |  |  | (0.1 | )
|  |  | 25.1 | % |  |  | 29.5 | % |  |  | 26.0 | %

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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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + 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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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