CoreCivic (CXW) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	CXW
Entity Registrant Name	CORRECTIONS CORP OF AMERICA
Entity Central Index Key	1,070,985
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		117,222,665

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 78,402	$ 74,393
Restricted cash	985
Accounts receivable, net of allowance of $1,370 and $748, respectively	250,537	248,588
Current deferred tax assets	8,411	13,229
Prepaid expenses and other current assets	36,233	29,775
Total current assets	374,568	365,985
Property and equipment, net	2,772,743	2,658,628
Restricted cash	122	2,858
Investment in direct financing lease	1,348	3,223
Goodwill	15,155	16,110
Non-current deferred tax assets	5,876	2,301
Other assets	80,820	78,086
Total assets	3,250,632	3,127,191
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	322,271	317,566
Income taxes payable	1,483	1,368
Current liabilities of discontinued operations		54
Total current liabilities	323,754	318,988
Long-term debt	1,320,000	1,200,000
Deferred revenue	72,722	87,227
Other liabilities	60,275	39,476
Total liabilities	$ 1,776,751	$ 1,645,691
Commitments and contingencies
Preferred stock - $0.01 par value; 50,000 shares authorized; none issued and outstanding at September 30, 2015 and December 31, 2014, respectively	$ 0	$ 0
Common stock - $0.01 par value; 300,000 shares authorized; 117,223 and 116,764 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	1,172	1,168
Additional paid-in capital	1,758,386	1,748,303
Accumulated deficit	(285,677)	(267,971)
Total stockholders' equity	1,473,881	1,481,500
Total liabilities and stockholders' equity	$ 3,250,632	$ 3,127,191

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts receivable, allowance	$ 1,370	$ 748
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	117,223,000	116,764,000
Common stock, shares outstanding	117,223,000	116,764,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES	$ 459,957	$ 408,474	$ 1,345,252	$ 1,223,390
EXPENSES:
Operating	326,500	282,712	945,197	857,702
General and administrative	26,791	27,635	76,770	79,586
Depreciation and amortization	41,230	28,277	108,315	85,413
Asset impairments			955	2,238
Costs and Expenses, Total	394,521	338,624	1,131,237	1,024,939
OPERATING INCOME	65,436	69,850	214,015	198,451
OTHER (INCOME) EXPENSE:
Interest expense, net	11,764	10,376	33,715	29,088
Expenses associated with debt refinancing transactions	701		701
Other (income) expense	(363)	(143)	(353)	(1,143)
Total non-operating expense (income)	12,102	10,233	34,063	27,945
INCOME BEFORE INCOME TAXES	53,334	59,617	179,952	170,506
Income tax expense	(2,658)	(2,071)	(6,696)	(5,490)
NET INCOME	$ 50,676	$ 57,546	$ 173,256	$ 165,016
BASIC EARNINGS PER SHARE	$ 0.43	$ 0.50	$ 1.48	$ 1.42
DILUTED EARNINGS PER SHARE	0.43	0.49	1.47	1.41
Dividend declared on common stock, per share	$ 0.54	$ 0.51	$ 1.62	$ 1.53

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 173,256	$ 165,016
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	108,315	85,413
Asset impairments	955	2,238
Amortization of debt issuance costs and other non-cash interest	2,186	2,325
Expenses associated with debt refinancing transactions	701
Deferred income taxes	1,243	(3,648)
Non-cash revenue and other income	(2,143)	(3,384)
Income tax benefit of equity compensation	(529)	(222)
Non-cash equity compensation	11,516	10,438
Other expenses and non-cash items	2,372	3,603
Changes in assets and liabilities, net:
Accounts receivable, prepaid expenses and other assets	(9,686)	16,366
Accounts payable, accrued expenses and other liabilities	16,911	(29,324)
Income taxes payable	644	(132)
Net cash provided by operating activities	305,741	248,689
CASH FLOWS FROM INVESTING ACTIVITIES:
Expenditures for facility development and expansions	(143,847)	(47,178)
Expenditures for other capital improvements	(39,087)	(31,545)
Capitalized lease payments	(34,470)	(70,000)
Acquisition of businesses	(13,795)
Decrease in restricted cash	1,251	2,983
Proceeds from sale of assets	501	806
Decrease in other assets	2,106	1,967
Payments received on direct financing lease and notes receivable	1,662	1,473
Net cash used in investing activities	(225,679)	(141,494)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt	522,000	185,000
Principal repayments of debt	(402,000)	(150,000)
Payment of debt issuance and other refinancing and related costs	(4,575)
Payment of lease obligations	(3,156)
Dividends paid	(187,451)	(174,686)
Income tax benefit of equity compensation	529	222
Purchase and retirement of common stock	(9,454)	(3,052)
Decrease (increase) in restricted cash for dividends	500	(100)
Proceeds from exercise of stock options	7,554	6,349
Net cash used in financing activities	(76,053)	(136,267)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,009	(29,072)
CASH AND CASH EQUIVALENTS, beginning of period	74,393	77,919
CASH AND CASH EQUIVALENTS, end of period	78,402	48,847
Cash paid during the period for:
Interest (net of amounts capitalized of $4,546 and $1,664 in 2015 and 2014, respectively)	20,397	22,525
Income taxes	$ 6,858	$ 14,299

Consolidated Statements of Cas6

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Interest, capitalized interest	$ 4,546	$ 1,664

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2013		115,923
Beginning Balance at Dec. 31, 2013	$ 1,502,507	$ 1,159	$ 1,725,363	$ (224,015)
Net income	165,016			165,016
Retirement of common stock (in shares)		(92)
Retirement of common stock	(3,052)	$ (1)	(3,051)
Dividend on common stock	(179,190)			(179,190)
Restricted stock compensation, net of forfeitures (in shares)		(14)
Restricted stock compensation, net of forfeitures	8,975		8,898	77
Income tax benefit of equity compensation	222		222
Stock option compensation expense, net of forfeitures	1,463		1,463
Restricted stock grants (in shares)		267
Restricted stock grants	3	$ 3
Stock options exercised (in shares)		392
Stock options exercised	6,349	$ 4	6,345
Ending Balance (in shares) at Sep. 30, 2014		116,476
Ending Balance at Sep. 30, 2014	1,502,293	$ 1,165	1,739,240	(238,112)
Beginning Balance (in shares) at Dec. 31, 2014		116,764
Beginning Balance at Dec. 31, 2014	1,481,500	$ 1,168	1,748,303	(267,971)
Net income	173,256			173,256
Retirement of common stock (in shares)		(237)
Retirement of common stock	(9,454)	$ (3)	(9,451)
Dividend on common stock	(191,023)			(191,023)
Restricted stock compensation, net of forfeitures (in shares)		(9)
Restricted stock compensation, net of forfeitures	10,937		10,876	61
Income tax benefit of equity compensation	529		529
Stock option compensation expense, net of forfeitures	579		579
Restricted stock grants (in shares)		303
Restricted stock grants	3	$ 3
Stock options exercised (in shares)		402
Stock options exercised	7,554	$ 4	7,550
Ending Balance (in shares) at Sep. 30, 2015		117,223
Ending Balance at Sep. 30, 2015	$ 1,473,881	$ 1,172	$ 1,758,386	$ (285,677)

Consolidated Statement of Stoc8

Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Dividend on common stock, per share	$ 0.54	$ 0.51	$ 1.62	$ 1.53

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	9 Months Ended
	Sep. 30, 2015
ORGANIZATION AND OPERATIONS	1. ORGANIZATION AND OPERATIONS Corrections Corporation of America (together with its subsidiaries, the “Company” or “CCA”) is the nation’s largest owner of privatized correctional and detention facilities and one of the largest prison operators in the United States. As of September 30, 2015, CCA owned or controlled 54 correctional and detention facilities, and managed an additional 11 facilities owned by its government partners, with a total design capacity of approximately 83,000 beds in 19 states and the District of Columbia. CCA is a Real Estate Investment Trust (“REIT”) specializing in owning, operating and managing prisons and other correctional facilities and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, CCA’s facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. These services are intended to help reduce recidivism and to prepare offenders for their successful re-entry into society upon their release. CCA also provides or makes available to offenders certain health care (including medical, dental and mental health services), food services, and work and recreational programs. CCA began operating as a REIT for federal income tax purposes effective January 1, 2013. The Company provides correctional services and conducts other business activities through taxable REIT subsidiaries (“TRSs”). A TRS is a subsidiary of a REIT that is subject to applicable corporate income tax and certain qualification requirements. The Company’s use of TRSs enables CCA to comply with REIT qualification requirements while providing correctional services at facilities it owns and at facilities owned by its government partners and to engage in certain other business operations. A TRS is not subject to the distribution requirements applicable to REITs so it may retain income generated by its operations for reinvestment.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited interim consolidated financial statements have been prepared by the Company and, in the opinion of management, reflect all normal recurring adjustments necessary for a fair presentation of results for the unaudited interim periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. The results of operations for the interim period are not necessarily indicative of the results to be obtained for the full fiscal year. Reference is made to the audited financial statements of CCA included in its Annual Report on Form 10-K Form 10-K”) Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers”, which establishes a single, comprehensive revenue recognition standard for all contracts with customers. For public reporting entities such as CCA, ASU 2014-09 was originally effective for interim and annual periods beginning after December 15, 2016 and early adoption of the ASU was not permitted. In July 2015, the FASB agreed to defer the effective date of the ASU for public reporting entities by one year, or to interim and annual periods beginning after December 15, 2017. Early adoption is now allowed as of the original effective date for public companies. CCA is reviewing the ASU to determine the potential impact it might have on the Company’s results of operations, cash flows, or financial position and its related financial statement disclosures, along with evaluating which transition method will be utilized upon adoption. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The new standard was further amended by ASU 2015-15 issued in August 2015. Under the new standard, debt issuance costs, excluding those costs incurred related to revolving credit facilities, will be presented as a direct deduction from the face amount of the related liability, rather than as a deferred charge, or asset, on the balance sheet as currently required. For public reporting entities such as CCA, the new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption of this new standard is permitted and CCA intends to adopt the new standard in the fourth quarter of 2015 in the Company’s Annual Report on Form 10-K. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”, which eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, under the new standard, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. For public reporting entities such as CCA, guidance in ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. CCA does not currently expect that the new standard will have a material impact on its financial statements. Fair Value of Financial Instruments To meet the reporting requirements of Accounting Standards Codification (“ASC”) 825, “Financial Instruments”, regarding fair value of financial instruments, CCA calculates the estimated fair value of financial instruments using market interest rates, quoted market prices of similar instruments, or discounted cash flow techniques with observable Level 1 inputs for publicly traded debt and Level 2 inputs for all other financial instruments, as defined in ASC 820, “Fair Value Measurement”. At September 30, 2015 and December 31, 2014, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Value Carrying Fair Value Investment in direct financing lease $ 3,811 $ 4,072 $ 5,473 $ 6,048 Note receivable from Agecroft Prison Management, Ltd. $ 3,589 $ 6,139 $ 3,677 $ 6,539 Debt $ (1,320,000 ) $ (1,318,063 ) $ (1,200,000 ) $ (1,179,625 ) Revenue Recognition – Multiple-Element Arrangement In September 2014, CCA agreed under an expansion of an existing inter-governmental service agreement (“IGSA”) between the city of Eloy, Arizona and U.S. Immigration and Customs Enforcement (“ICE”) to provide residential space and services at the newly activated South Texas Family Residential Center. The amended IGSA qualifies as a multiple-element arrangement under the guidance in ASC 605, “Revenue Recognition”. CCA evaluates each deliverable in an arrangement to determine whether it represents a separate unit of accounting. A deliverable constitutes a separate unit of accounting when it has standalone value to the customer. ASC 605 requires revenue to be allocated to each unit of accounting based on a selling price hierarchy. The selling price for a deliverable is based on its vendor specific objective evidence (“VSOE”) of selling price, if available, third party evidence (“TPE”) if VSOE of selling price is not available, or estimated selling price (“ESP”) if neither VSOE of selling price nor TPE is available. CCA establishes VSOE of selling price using the price charged for a deliverable when sold separately. CCA establishes TPE of selling price by evaluating similar products or services in standalone sales to similarly situated customers. CCA establishes ESP based on management judgment considering internal factors such as margin objectives, pricing practices and controls, and market conditions. In arrangements with multiple elements, CCA allocates the transaction price to the individual units of accounting at inception of the arrangement based on their relative selling price.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2015
GOODWILL	3. GOODWILL ASC 350, “Intangibles-Goodwill and Other”, establishes accounting and reporting requirements for goodwill and other intangible assets. Goodwill was $15.2 million and $16.1 million as of September 30, 2015 and December 31, 2014, respectively. This goodwill was established in connection with the acquisition of Correctional Alternatives, Inc. (“CAI”) during the third quarter of 2013, and the acquisitions of two service companies during 2000. CCA applies the FASB’s ASU 2011-08, “Intangibles-Goodwill and Other”, which gives companies the option to perform a qualitative assessment that may allow them to skip the annual two-step impairment test. Under the amendments in ASU 2011-08, a company has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. If the two-step impairment test is required, CCA determines the fair value of a reporting unit using a collaboration of various common valuation techniques, including market multiples and discounted cash flows. These impairment tests are required to be performed at least annually. CCA performs its impairment tests during the fourth quarter in connection with CCA’s annual budgeting process. CCA will perform these impairment tests at least annually and whenever circumstances indicate the carrying value of goodwill may not be recoverable. In April 2015, CCA provided notice to the state of Louisiana that it would cease management of the Winn Correctional Center within 180 days, in accordance with the notice provisions of the contract. Management of the facility transitioned to another operator effective September 30, 2015. In anticipation of terminating the contract at this facility, CCA recorded an asset impairment of $1.0 million during the first quarter of 2015 for the write-off of goodwill associated with the Winn facility. CCA generated operating income, net of depreciation and amortization, of $0.3 million and $0.8 million at this facility for the three and nine months ended September 30, 2014, respectively, and incurred an operating loss, net of depreciation and amortization and the goodwill impairment, of $1.3 million and $5.8 million for the three and nine months ended September 30, 2015, respectively.

REAL ESTATE TRANSACTIONS

REAL ESTATE TRANSACTIONS	9 Months Ended
	Sep. 30, 2015
REAL ESTATE TRANSACTIONS	4. REAL ESTATE TRANSACTIONS Idle Facilities During May 2015, the state of Vermont announced that it elected to not renew the contract that would have allowed for Vermont’s continued use of CCA’s owned and operated 816-bed Lee Adjustment Center. The contract expired on June 30, 2015. During the first six months of 2015, the offender population at the Lee Adjustment Center averaged 308 offenders, compared with 458 offenders during the same period in 2014. CCA idled the Lee Adjustment Center following the transfer of the offender population during June 2015, but continues to market the facility to other customers. Upon receiving notice from the customer during the second quarter of 2015, CCA performed an impairment analysis of the Lee Adjustment Center property, which has a carrying value of $11.0 million as of September 30, 2015, and concluded that this asset has a recoverable value in excess of the carrying value. CCA also has five additional idled facilities that are currently available and being actively marketed to other customers. The following table summarizes each of the idled facilities and their respective carrying values, excluding equipment and other assets that could generally be transferred and used at other facilities CCA owns without significant cost (dollars in thousands): Net Carrying Values Facility Design Date Idled September 30, December 31, Prairie Correctional Facility 1,600 2010 $ 18,126 $ 18,748 Huerfano County Correctional Center 752 2010 18,464 19,033 Diamondback Correctional Facility 2,160 2010 43,404 44,480 Otter Creek Correctional Center 656 2012 23,479 24,089 Marion Adjustment Center 826 2013 12,646 12,978 Lee Adjustment Center 816 2015 10,969 11,365 6,810 $ 127,088 $ 130,693 During the three months ended September 30, 2015 and 2014, the idled facilities incurred approximately $2.0 million and $1.7 million, respectively, in combined operating expenses during the periods such facilities were idle. During the nine months ended September 30, 2015 and 2014, the idled facilities incurred approximately $5.4 million and $5.1 million, respectively, in combined operating expenses during the periods such facilities were idle. The operating expenses incurred in the nine months ended September 30, 2014 exclude the incremental expenses incurred in connection with the activation of the Diamondback facility which began in the third quarter of 2013 and continued until near the end of the second quarter of 2014, when anticipated opportunities to activate the facility were deferred. CCA considers the cancellation of a contract as an indicator of impairment and tested each of the aforementioned facilities for impairment when it was notified by the respective customers that they would no longer be utilizing such facility. Upon notification of cancellation by the respective customers, CCA concluded in each case that no impairment had occurred. CCA updates the impairment analyses on an annual basis for each of the idled facilities and evaluates on a quarterly basis market developments for the potential utilization of each of these facilities in order to identify events that may cause CCA to reconsider its most recent assumptions. As a result of CCA’s analyses, CCA determined each of the six idled facilities to have recoverable values in excess of the corresponding carrying values. Construction of New Facilities In order to retain federal inmate populations CCA managed in the 1,154-bed San Diego Correctional Facility, CCA constructed the 1,482-bed Otay Mesa Detention Center in San Diego. The existing San Diego Correctional Facility is subject to a ground lease with the County of San Diego. Under the provisions of the lease, the facility is divided into different premises whereby, pursuant to an amendment to the ground lease executed in January 2010, ownership of the entire facility reverts to the County upon expiration of the lease on December 31, 2015. CCA completed construction of the Otay Mesa Detention Center for approximately $157.0 million and began transitioning operations in October 2015 from the San Diego Correctional Facility to the new facility. In November 2013, CCA announced its decision to re-commence construction of a correctional facility in Trousdale County, Tennessee. CCA suspended construction of this facility in 2009 until it had greater clarity around the timing of a new contract. In October 2013, Trousdale County received notice from the Tennessee Department of Corrections of its intent to partner with the County to develop a new correctional facility to house state of Tennessee inmates. In April 2014, CCA entered into an agreement with Trousdale County whereby CCA agreed to finance, design, build and operate a 2,552-bed facility to meet the responsibilities of a separate IGSA between Trousdale County and the state of Tennessee regarding correctional services. In July 2014, CCA received notice that Trousdale County and the state of Tennessee finalized the IGSA. In order to guarantee access to the beds, the IGSA with the state of Tennessee includes a minimum monthly payment plus a per diem payment for each inmate housed in the facility in excess of 90% of the design capacity, provided that during a twenty-six week ramp period the minimum payment is based on the greater of the number of inmates actually at the facility or 90% of the beds available pursuant to the ramp schedule. As of September 30, 2015, CCA has invested approximately $134.2 million in the Trousdale Turner Correctional Center and construction is expected to be completed in the fourth quarter of 2015. Activations In September 2014, CCA announced that it had agreed under an expansion of an existing IGSA between the city of Eloy, Arizona and ICE to house up to 2,400 individuals at the South Texas Family Residential Center, a facility leased by CCA in Dilley, Texas. Services provided under the amended IGSA commenced in the fourth quarter of 2014, have a term of up to four years, and can be extended by bi-lateral modifications. The agreement provides for a fixed monthly payment in accordance with a graduated schedule. Under terms of the amended IGSA, ICE can terminate the agreement for convenience, without penalty, by providing CCA with at least a 90-day notice. In addition, terms allow for ICE to terminate the agreement with CCA at any time, without penalty, due to a non-appropriation of funds . Under the fixed monthly payment schedule of the amended IGSA, ICE agreed to pay CCA $70.0 million in two $35.0 million installments during the fourth quarter of 2014 and fixed monthly payments over the remaining months of the contract. As described in Note 2, CCA used the multiple-element arrangement guidance prescribed in ASC 605, “Revenue Recognition” in determining the total revenue to be recognized over the term of the amended IGSA. CCA determined that there were five distinct elements related to the amended IGSA with ICE. In the three and nine months ended September 30, 2015, CCA recognized $71.0 million and $172.8 million, respectively, in revenue associated with the amended IGSA with the unrecognized balance of the fixed monthly payments reported in deferred revenue. The current portion of deferred revenue is reflected within accounts payable and accrued expenses while the long-term portion is reflected in deferred revenue in the accompanying consolidated balance sheet as of September 30, 2015. In June 2015, ICE announced a policy change with regards to family detention that may shorten the duration of ICE detention for those who are awaiting further process before immigration courts. In addition, numerous lawsuits to which CCA is not a party have challenged the government’s policy of detaining migrant families. In one such lawsuit in the United States District Court for the Central District of California regarding a settlement agreement between ICE and a plaintiffs’ class consisting of detained minors, the court issued an order on August 21, 2015, enforcing the settlement agreement and requiring compliance by October 23, 2015. The court’s order clarifies that the government has the flexibility to hold class members for longer periods of time during influxes of large numbers of undocumented migrant families via the southern U.S. border. The order, however, could require ICE to shorten the duration of detention of class members, which could impact the South Texas Family Residential Center. The federal government filed its notice of appeal, specifying two grounds, while announcing its intention to comply with the court’s order during the appeal’s pendency. The government must file its opening brief in the appeal by February 29, 2016. The class members must respond to the government’s brief no later than March 30, 2016. Any court decision or government action that impacts this contract could materially affect CCA’s financial condition and results of operations. Acquisitions On August 27, 2015, CCA acquired four community corrections facilities from a privately held owner of community corrections facilities and other government leased assets. The four acquired community corrections facilities have a capacity of approximately 600 beds and are leased to Community Education Centers, Inc. (“CEC”) under triple net lease agreements that extend through July 2019 and include multiple five-year lease extension options. CEC separately contracts with the Pennsylvania Department of Corrections and the Philadelphia Prison System to provide rehabilitative and re-entry services to residents and inmates at the leased facilities. CCA acquired the four facilities in the real estate-only transaction as a strategic investment that expands the Company’s investment in the residential re-entry market. The consideration paid for the asset portfolio consisted of approximately $13.8 million in cash, excluding transaction related expenses of $0.2 million. In allocating the purchase price, CCA recorded $13.4 million of net tangible assets and $0.4 million of identifiable intangible assets.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2015
BUSINESS COMBINATIONS	5. BUSINESS COMBINATIONS On October 28, 2015, CCA closed on the acquisition of 100% of the stock of Avalon Correctional Services, Inc. (“Avalon”), along with a facility operated by Avalon, and has entered into an agreement to purchase an additional facility operated by Avalon that is expected to close in the fourth quarter of 2015. Avalon, a privately held community corrections company that operates 11 community corrections facilities with approximately 3,000 beds in Oklahoma, Texas, and Wyoming, specializes in community correctional services, drug and alcohol treatment services, and residential re-entry services. Avalon provides these services for various federal, state, and local agencies, many with which CCA currently partners. CCA acquired Avalon as a strategic investment that continues to expand the re-entry assets owned and services provided by the Company. The aggregate purchase price of $157.5 million, excluding transaction related expenses, includes two earn-outs, including one for $2.0 million based on the achievement of certain utilization milestones over the next 12 months, and another for $5.5 million based on the completion of and transition to a newly constructed facility that will deliver the contracted services currently provided at the Dallas Transitional Center. CCA currently expects both earn-outs to be achieved. The completed transactions were funded utilizing cash from CCA’s $900.0 Million Revolving Credit Facility, as defined hereafter. The Company is currently evaluating the allocation of the purchase price to determine the values of tangible and intangible assets. The results of operations for Avalon will be included in the Company’s consolidated financial statements from the date of acquisition.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2015
DEBT	6. DEBT Debt outstanding as of September 30, 2015 and December 31, 2014 consists of the following (in thousands): September 30, 2015 December 31, $900.0 Million Revolving Credit Facility, principal due at maturity in July 2020; interest payable periodically at variable interest rates. The weighted average rate at September 30, 2015 and December 31, 2014 was 1.5% and 1.9%, respectively. $ 395,000 $ 525,000 4.625% Senior Notes, principal due at maturity in May 2023; interest payable semi-annually in May and November at 4.625%. 350,000 350,000 4.125% Senior Notes, principal due at maturity in April 2020; interest payable semi-annually in April and October at 4.125%. 325,000 325,000 5.0% Senior Notes, principal due at maturity in October 2022; interest payable semi-annually in April and October at 5.0%. 250,000 — $ 1,320,000 $ 1,200,000 Revolving Credit Facility. Following the amendment executed in July 2015, the $900.0 Million Revolving Credit Facility has an aggregate principal capacity of $900.0 million and has an “accordion” feature that provides for uncommitted incremental extensions of credit in the form of increases in the revolving commitments or incremental term loans in an aggregate principal amount up to an additional $350.0 million as requested by CCA, subject to bank approval. At CCA’s option, interest on outstanding borrowings under the $900.0 Million Revolving Credit Facility is based on either a base rate plus a margin ranging from 0.00% to 0.75% or at LIBOR plus a margin ranging from 1.00% to 1.75% based on CCA’s leverage ratio. The $900.0 Million Revolving Credit Facility includes a $30.0 million sublimit for swing line loans that enables CCA to borrow at the base rate from the Administrative Agent without advance notice. Based on CCA’s current leverage ratio, loans under the $900.0 Million Revolving Credit Facility bear interest at the base rate plus a margin of 0.50% or at LIBOR plus a margin of 1.50%, and a commitment fee equal to 0.35% of the unfunded balance. The $900.0 Million Revolving Credit Facility also has a $50.0 million sublimit for the issuance of standby letters of credit. As of September 30, 2015, CCA had $395.0 million in borrowings under the $900.0 Million Revolving Credit Facility as well as $14.1 million in letters of credit outstanding resulting in $490.9 million available under the $900.0 Million Revolving Credit Facility. The $900.0 Million Revolving Credit Facility is secured by a pledge of all of the capital stock of CCA’s domestic subsidiaries, 65% of the capital stock of CCA’s foreign subsidiaries, all of CCA’s accounts receivable, and all of CCA’s deposit accounts. The $900.0 Million Revolving Credit Facility requires CCA to meet certain financial covenants, including, without limitation, a maximum total leverage ratio, a maximum secured leverage ratio, and a minimum fixed charge coverage ratio. As of September 30, 2015, CCA was in compliance with all such covenants. In addition, the $900.0 Million Revolving Credit Facility contains certain covenants that, among other things, limit the incurrence of additional indebtedness, acquisitions and other investments, payment of dividends and other customary restricted payments, transactions with affiliates, asset sales, mergers and consolidations, liquidations, prepayments and modifications of other indebtedness, liens and other encumbrances and other matters customarily restricted in such agreements. In addition, the $900.0 Million Revolving Credit Facility is subject to certain cross-default provisions with terms of CCA’s other indebtedness, and is subject to acceleration upon the occurrence of a change of control. Incremental Term Loan. 2016 $ 5.0 2017 10.0 2018 10.0 2019 15.0 2020 60.0 Total $ 100.0 Senior Notes. On September 25, 2015, CCA completed the offering of $250.0 million aggregate principal amount of 5.0% senior notes due October 15, 2022 (the “5.0% Senior Notes”). Interest on the 5.0% Senior Notes accrues at the stated rate and is payable in April and October of each year. CCA capitalized $3.4 million during the third quarter of 2015 for third-party fees and expenses associated with the new issuance of the 5.0% Senior Notes. CCA used net proceeds from the offering to pay down a portion of the $900.0 Million Revolving Credit Facility and to pay related fees and expenses. The 4.125% Senior Notes, the 4.625% Senior Notes, and the 5.0% Senior Notes, collectively referred to herein as the “Senior Notes,” are senior unsecured obligations of the Company and are guaranteed by all of the Company’s subsidiaries that guarantee the $900.0 Million Revolving Credit Facility. CCA may redeem all or part of the Senior Notes at any time prior to three months before their respective maturity date at a “make-whole” redemption price, plus accrued and unpaid interest thereon to, but not including, the redemption date. Thereafter, the Senior Notes are redeemable at CCA’s option, in whole or in part, at a redemption price equal to 100% of the aggregate principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. CCA also has the flexibility to issue additional debt or equity securities from time to time when the Company determines that market conditions and the opportunity to utilize the proceeds from the issuance of such securities are favorable.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2015
STOCKHOLDERS' EQUITY	7. STOCKHOLDERS’ EQUITY Dividends on Common Stock During 2014 and the first nine months of 2015, CCA’s Board of Directors declared the following quarterly dividends on its common stock: Declaration Date Record Date Payable Date Per Share February 20, 2014 April 2, 2014 April 15, 2014 $ 0.51 May 15, 2014 July 2, 2014 July 15, 2014 $ 0.51 August 14, 2014 October 2, 2014 October 15, 2014 $ 0.51 December 11, 2014 January 2, 2015 January 15, 2015 $ 0.51 February 20, 2015 April 2, 2015 April 15, 2015 $ 0.54 May 14, 2015 July 2, 2015 July 15, 2015 $ 0.54 August 13, 2015 October 2, 2015 October 15, 2015 $ 0.54 Future dividends will depend on CCA’s distribution requirements as a REIT, future earnings, capital requirements, financial condition, opportunities for alternative uses of capital, and on such other factors as the Board of Directors of CCA may consider relevant. Stock Options In the first nine months of 2015 and during 2014, CCA elected not to issue stock options to its non-employee directors, officers, and executive officers as it had in years prior to 2013 and instead elected to issue all of its equity compensation in the form of restricted common stock and common stock units as described below. However, CCA continues to recognize stock option expense during the vesting period of stock options awarded in prior years. During the three months ended September 30, 2015 and 2014, CCA expensed $0.1 million and $0.4 million, respectively, net of estimated forfeitures, relating to its outstanding stock options, all of which was charged to general and administrative expenses. During the nine months ended September 30, 2015 and 2014, CCA expensed $0.6 million and $1.5 million, respectively, net of estimated forfeitures, relating to its outstanding stock options, all of which was charged to general and administrative expenses. As of September 30, 2015, options to purchase 1.5 million shares of common stock were outstanding with a weighted average exercise price of $20.32. Restricted Stock and Restricted Stock Units During the first nine months of 2015, CCA issued 438,000 shares of restricted common stock units (“RSUs”) to certain of its employees and non-employee directors, with an aggregate fair value of $17.5 million, including 385,000 RSUs to employees and non-employee directors whose compensation is charged to general and administrative expenses and 53,000 RSUs to employees whose compensation is charged to operating expense. During 2014, CCA issued 548,000 shares of RSUs to certain of its employees and non-employee directors, with an aggregate fair value of $17.8 million, including 478,000 RSUs to employees and non-employee directors whose compensation is charged to general and administrative expense and 70,000 RSUs to employees whose compensation is charged to operating expense. CCA established performance-based vesting conditions on the shares of restricted common stock and RSUs awarded to its officers and executive officers in 2015 and 2014 and in years prior to 2013. Unless earlier vested under the terms of the agreements, shares or RSUs issued to officers and executive officers in these years are subject to vesting over a three-year period based upon the satisfaction of certain performance criteria. With respect to the RSUs issued in 2015 to officers and executive officers, annual performance criteria was established for each of the three years ending December 31, 2015, 2016, and 2017, and no more than one-third of the RSUs may vest in any one performance period. With respect to RSUs issued in 2014 and in years prior to 2013, no more than one-third of such shares or RSUs may vest in the first performance period; however, the performance criteria are cumulative for the three-year period. With respect to the RSUs issued in 2013 to officers and executive officers, unless earlier vested under the terms of the RSU agreement, the RSUs issued vest evenly over a three-year period and are not subject to performance-based criteria. Shares of restricted stock and RSUs issued to other employees, unless earlier vested under the terms of the agreements, “cliff” vest on the third anniversary of the award, while RSUs issued to non-employee directors vest one year from the date of award. During the three months ended September 30, 2015, CCA expensed $3.7 million, net of forfeitures, relating to restricted common stock and RSUs ($0.3 million of which was recorded in operating expenses and $3.4 million of which was recorded in general and administrative expenses). During the three months ended September 30, 2014, CCA expensed $3.1 million, net of forfeitures, relating to restricted common stock and RSUs ($0.4 million of which was recorded in operating expenses and $2.7 million of which was recorded in general and administrative expenses). During the nine months ended September 30, 2015, CCA expensed $10.9 million, net of forfeitures, relating to restricted common stock and RSUs ($1.1 million of which was recorded in operating expenses and $9.8 million of which was recorded in general and administrative expenses). During the nine months ended September 30, 2014, CCA expensed $9.0 million, net of forfeitures, relating to restricted common stock and RSUs ($1.1 million of which was recorded in operating expenses and $7.9 million of which was recorded in general and administrative expenses). As of September 30, 2015, approximately 1.0 million shares of restricted common stock and RSUs remained outstanding and subject to vesting.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE	8. EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For CCA, diluted earnings per share is computed by dividing net income by the weighted average number of common shares after considering the additional dilution related to restricted share grants and stock options. A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data): For the Three Months For the Nine Months 2015 2014 2015 2014 NUMERATOR Basic: Net income $ 50,676 $ 57,546 $ 173,256 $ 165,016 Diluted: Net income $ 50,676 $ 57,546 $ 173,256 $ 165,016 DENOMINATOR Basic: Weighted average common shares outstanding 117,066 116,185 116,889 116,025 Diluted: Weighted average common shares outstanding 117,066 116,185 116,889 116,025 Effect of dilutive securities: Stock options 559 886 716 895 Restricted stock-based compensation 149 318 181 263 Weighted average shares and assumed conversions 117,774 117,389 117,786 117,183 BASIC EARNINGS PER SHARE $ 0.43 $ 0.50 $ 1.48 $ 1.42 DILUTED EARNINGS PER SHARE $ 0.43 $ 0.49 $ 1.47 $ 1.41 Approximately 16,000 and 5,000 stock options were excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2015, respectively, because they were anti-dilutive. Approximately 16,000 stock options were excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2014 because they were anti-dilutive.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Legal Proceedings The nature of CCA’s business results in claims and litigation alleging that it is liable for damages arising from the conduct of its employees, offenders or others. The nature of such claims includes, but is not limited to, claims arising from employee or offender misconduct, medical malpractice, employment matters, property loss, contractual claims, including claims regarding compliance with contract performance requirements, and personal injury or other damages resulting from contact with CCA’s facilities, personnel or offenders, including damages arising from an offender’s escape or from a disturbance at a facility. CCA maintains insurance to cover many of these claims, which may mitigate the risk that any single claim would have a material effect on CCA’s consolidated financial position, results of operations, or cash flows, provided the claim is one for which coverage is available. The combination of self-insured retentions and deductible amounts means that, in the aggregate, CCA is subject to substantial self-insurance risk. CCA records litigation reserves related to certain matters for which it is probable that a loss has been incurred and the range of such loss can be estimated. Based upon management’s review of the potential claims and outstanding litigation and based upon management’s experience and history of estimating losses, and taking into consideration CCA’s self-insured retention amounts, management believes a loss in excess of amounts already recognized would not be material to CCA’s financial statements. In the opinion of management, there are no pending legal proceedings that would have a material effect on CCA’s consolidated financial position, results of operations, or cash flows. Any receivable for insurance recoveries is recorded separately from the corresponding litigation reserve, and only if recovery is determined to be probable. Adversarial proceedings and litigation are, however, subject to inherent uncertainties, and unfavorable decisions and rulings resulting from legal proceedings could occur which could have a material adverse impact on CCA’s consolidated financial position, results of operations, or cash flows for the period in which such decisions or rulings occur, or future periods. Expenses associated with legal proceedings may also fluctuate from quarter to quarter based on changes in CCA’s assumptions, new developments, or by the effectiveness of CCA’s litigation and settlement strategies. Guarantees Hardeman County Correctional Facilities Corporation (“HCCFC”) is a nonprofit, mutual benefit corporation organized under the Tennessee Nonprofit Corporation Act to purchase, construct, improve, equip, finance, own and manage a detention facility located in Hardeman County, Tennessee. HCCFC was created as an instrumentality of Hardeman County to implement the County’s incarceration agreement with the state of Tennessee to house certain inmates. During 1997, HCCFC issued $72.7 million of revenue bonds, which were primarily used for the construction of a 2,016-bed medium security correctional facility. In addition, HCCFC entered into a construction and management agreement with CCA in order to assure the timely and coordinated acquisition, construction, development, marketing and operation of the correctional facility. HCCFC leases the correctional facility to Hardeman County in exchange for all revenue from the operation of the facility. HCCFC has, in turn, entered into a management agreement with CCA for the correctional facility. In connection with the issuance of the revenue bonds, CCA is obligated, under a debt service deficit agreement, to pay the trustee of the bond’s trust indenture (the “Trustee”) amounts necessary to pay any debt service deficits consisting of principal and interest requirements (outstanding principal balance of $12.8 million at September 30, 2015 plus future interest payments). In the event the state of Tennessee, which is currently utilizing the facility to house certain inmates, exercises its option to purchase the correctional facility, CCA is also obligated to pay the difference between principal and interest owed on the bonds on the date set for the redemption of the bonds and amounts paid by the state of Tennessee for the facility plus all other funds on deposit with the Trustee and available for redemption of the bonds. Ownership of the facility reverts to the state of Tennessee in 2017 at no cost. Therefore, CCA does not currently believe the state of Tennessee will exercise its option to purchase the facility. At September 30, 2015, the outstanding principal balance of the bonds exceeded the purchase price option by $4.9 million.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
INCOME TAXES	10. INCOME TAXES As discussed in Note 1, the Company began operating in compliance with REIT requirements for federal income tax purposes effective January 1, 2013. As a REIT, the Company must distribute at least 90 percent of its taxable income (including dividends paid to it by its TRSs) and will not pay federal income taxes on the amount distributed to its stockholders. Therefore, the Company should not be subject to federal income taxes if it distributes 100 percent of its taxable income. In addition, the Company must meet a number of other organizational and operational requirements. It is management’s intention to adhere to these requirements and maintain the Company’s REIT status. Most states where CCA holds investments in real estate conform to the federal rules recognizing REITs. Certain subsidiaries have made an election with the Company to be treated as TRSs in conjunction with the Company’s REIT election; the TRS elections permit CCA to engage in certain business activities in which the REIT may not engage directly. A TRS is subject to federal and state income taxes on the income from these activities and therefore, CCA includes a provision for taxes in its consolidated financial statements. Income taxes are accounted for under the provisions of ASC 740 “Income Taxes”. ASC 740 generally requires CCA to record deferred income taxes for the tax effect of differences between book and tax bases of its assets and liabilities. Deferred income taxes reflect the available net operating losses and the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Realization of the future tax benefits related to deferred tax assets is dependent on many factors, including CCA’s past earnings history, expected future earnings, the character and jurisdiction of such earnings, unsettled circumstances that, if unfavorably resolved, would adversely affect utilization of its deferred tax assets, carryback and carryforward periods, and tax strategies that could potentially enhance the likelihood of realization of a deferred tax asset. CCA recorded an income tax expense of $2.7 million and $2.1 million for the three months ended September 30, 2015 and 2014, respectively. CCA recorded an income tax expense of $6.7 million and $5.5 million for the nine months ended September 30, 2015 and 2014, respectively. As a REIT, CCA is entitled to a deduction for dividends paid, resulting in a substantial reduction in the amount of federal income tax expense it recognizes. Substantially all of CCA’s income tax expense is incurred based on the earnings generated by its TRSs. CCA’s overall effective tax rate is estimated based on its current projection of taxable income primarily generated in its TRSs. The Company’s consolidated effective tax rate could fluctuate in the future based on changes in estimates of taxable income, the relative amounts of taxable income generated by the TRSs and the REIT, the implementation of additional tax planning strategies, changes in federal or state tax rates or laws affecting tax credits available to the Company, changes in other tax laws, changes in estimates related to uncertain tax positions, or changes in state apportionment factors, as well as changes in the valuation allowance applied to the Company’s deferred tax assets that are based primarily on the amount of state net operating losses and tax credits that could expire unused. Income Tax Contingencies ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance prescribed in ASC 740 establishes a recognition threshold of more likely than not that a tax position will be sustained upon examination. The measurement attribute requires that a tax position be measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. CCA had no liabilities recorded for uncertain tax positions as of September 30, 2015. CCA recognizes interest and penalties related to unrecognized tax positions in income tax expense. CCA does not currently anticipate that the total amount of unrecognized tax positions will significantly increase or decrease in the next twelve months. During the third quarter of 2015, the Company was notified that the Internal Revenue Service would commence an audit of the federal income tax return of one of the Company’s TRSs for the year ended December 31, 2013. The audit has just begun and, therefore, it is too early to predict the outcome of the audit.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2015
SEGMENT REPORTING	11. SEGMENT REPORTING As of September 30, 2015, CCA owned and managed 47 correctional and detention facilities, and managed 11 correctional and detention facilities it did not own. In addition, CCA owned seven facilities that it leased to third-party operators. Management views CCA’s operating results in one operating segment. However, the Company has chosen to report financial performance segregated for (1) owned and managed correctional and detention facilities and (2) managed-only correctional and detention facilities as the Company believes this information is useful to users of the financial statements. 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. The operating performance of the owned and managed and the managed-only correctional and detention facilities can be measured based on their 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. The revenue and net operating income for the owned and managed and the managed-only facilities and a reconciliation to CCA’s operating income is as follows for the three and nine months ended September 30, 2015 and 2014 (in thousands): For the Three Months For the Nine Months 2015 2014 2015 2014 Revenue: Owned and managed $ 395,587 $ 345,105 $ 1,155,604 $ 1,020,041 Managed-only 54,750 53,915 161,408 178,246 Total management revenue 450,337 399,020 1,317,012 1,198,287 Operating expenses: Owned and managed 270,221 227,816 777,940 683,143 Managed-only 50,364 47,300 147,073 159,581 Total operating expenses 320,585 275,116 925,013 842,724 Facility net operating income: Owned and managed 125,366 117,289 377,664 336,898 Managed-only 4,386 6,615 14,335 18,665 Total facility net operating income 129,752 123,904 391,999 355,563 Other revenue (expense): Rental and other revenue 9,620 9,454 28,240 25,103 Other operating expense (5,915 ) (7,596 ) (20,184 ) (14,978 ) General and administrative (26,791 ) (27,635 ) (76,770 ) (79,586 ) Depreciation and amortization (41,230 ) (28,277 ) (108,315 ) (85,413 ) Asset impairments — — (955 ) (2,238 ) Operating income $ 65,436 $ 69,850 $ 214,015 $ 198,451 The following table summarizes capital expenditures including accrued amounts for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands): For the Three Months For the Nine Months 2015 2014 2015 2014 Capital expenditures: Owned and managed $ 41,775 $ 101,920 $ 195,136 $ 151,391 Managed-only 1,074 872 2,973 2,271 Corporate and other 15,809 4,995 25,409 7,872 Total capital expenditures $ 58,658 $ 107,787 $ 223,518 $ 161,534 The total assets are as follows (in thousands): September 30, December 31, Assets: Owned and managed $ 2,852,712 $ 2,745,905 Managed-only 65,588 68,146 Corporate and other 332,332 313,140 Total assets $ 3,250,632 $ 3,127,191

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES	9 Months Ended
	Sep. 30, 2015
CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES	12. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES The following condensed consolidating financial statements of CCA and subsidiaries have been prepared pursuant to Rule 3-10 of Regulation S-X. These condensed consolidating financial statements have been prepared from the Company’s financial information on the same basis of accounting as the consolidated financial statements. CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2015 (in thousands) ASSETS Parent Combined Consolidating Total Cash and cash equivalents $ 32,417 $ 45,985 $ — $ 78,402 Restricted cash 645 340 — 985 Accounts receivable, net of allowance 173,613 154,382 (77,458 ) 250,537 Current deferred tax assets 164 8,247 — 8,411 Prepaid expenses and other current assets 3,512 40,680 (7,959 ) 36,233 Total current assets 210,351 249,634 (85,417 ) 374,568 Property and equipment, net 2,531,397 241,346 — 2,772,743 Restricted cash 122 — — 122 Investment in direct financing lease 1,348 — — 1,348 Goodwill — 15,155 — 15,155 Non-current deferred tax assets — 6,230 (354 ) 5,876 Other assets 252,542 45,657 (217,379 ) 80,820 Total assets $ 2,995,760 $ 558,022 $ (303,150 ) $ 3,250,632 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued expenses $ 200,169 $ 207,484 $ (85,382 ) $ 322,271 Income taxes payable 3 1,480 — 1,483 Total current liabilities 200,172 208,964 (85,382 ) 323,754 Long-term debt 1,320,000 115,000 (115,000 ) 1,320,000 Non-current deferred tax liabilities 354 — (354 ) — Deferred revenue — 72,722 — 72,722 Other liabilities 1,353 58,922 — 60,275 Total liabilities 1,521,879 455,608 (200,736 ) 1,776,751 Total stockholders’ equity 1,473,881 102,414 (102,414 ) 1,473,881 Total liabilities and stockholders’ equity $ 2,995,760 $ 558,022 $ (303,150 ) $ 3,250,632 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2014 (in thousands) ASSETS Parent Combined Consolidating Total Cash and cash equivalents $ 12,337 $ 62,056 $ — $ 74,393 Accounts receivable, net of allowance 167,626 178,911 (97,949 ) 248,588 Current deferred tax assets — 13,241 (12 ) 13,229 Prepaid expenses and other current assets 17,060 34,705 (21,990 ) 29,775 Total current assets 197,023 288,913 (119,951 ) 365,985 Property and equipment, net 2,459,053 199,575 — 2,658,628 Restricted cash 1,267 1,591 — 2,858 Investment in direct financing lease 3,223 — — 3,223 Goodwill — 16,110 — 16,110 Non-current deferred tax assets — 2,778 (477 ) 2,301 Other assets 241,690 47,046 (210,650 ) 78,086 Total assets $ 2,902,256 $ 556,013 $ (331,078 ) $ 3,127,191 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued expenses $ 218,403 $ 205,213 $ (106,050 ) $ 317,566 Income taxes payable 195 1,173 — 1,368 Current deferred tax liabilities 13 — (13 ) — Note payable to an affiliate — 13,854 (13,854 ) — Current liabilities of discontinued operations — 54 — 54 Total current liabilities 218,611 220,294 (119,917 ) 318,988 Long-term debt 1,200,000 115,000 (115,000 ) 1,200,000 Non-current deferred tax liabilities 477 — (477 ) — Deferred revenue — 87,227 — 87,227 Other liabilities 1,668 37,808 — 39,476 Total liabilities 1,420,756 460,329 (235,394 ) 1,645,691 Total stockholders’ equity 1,481,500 95,684 (95,684 ) 1,481,500 Total liabilities and stockholders’ equity $ 2,902,256 $ 556,013 $ (331,078 ) $ 3,127,191 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2015 (in thousands) Parent Combined Consolidating Total REVENUES $ 294,578 $ 384,840 $ (219,461 ) $ 459,957 EXPENSES: Operating 226,020 319,941 (219,461 ) 326,500 General and administrative 8,226 18,565 — 26,791 Depreciation and amortization 20,623 20,607 — 41,230 254,869 359,113 (219,461 ) 394,521 OPERATING INCOME 39,709 25,727 — 65,436 OTHER (INCOME) EXPENSE: Interest expense, net 7,739 4,025 — 11,764 Expenses associated with debt refinancing transactions 701 — — 701 Other (income) expense 131 (469 ) (25 ) (363 ) 8,571 3,556 (25 ) 12,102 INCOME BEFORE INCOME TAXES 31,138 22,171 25 53,334 Income tax expense (480 ) (2,178 ) — (2,658 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 30,658 19,993 25 50,676 Income from equity in subsidiaries 20,018 — (20,018 ) — NET INCOME $ 50,676 $ 19,993 $ (19,993 ) $ 50,676 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2014 (in thousands) Parent Combined Consolidating Total REVENUES $ 319,127 $ 310,597 $ (221,250 ) $ 408,474 EXPENSES: Operating 226,820 277,142 (221,250 ) 282,712 General and administrative 8,719 18,916 — 27,635 Depreciation and amortization 20,389 7,888 — 28,277 255,928 303,946 (221,250 ) 338,624 OPERATING INCOME 63,199 6,651 — 69,850 OTHER (INCOME) EXPENSE: Interest expense, net 8,821 1,555 — 10,376 Other (income) expense 250 (61 ) (332 ) (143 ) 9,071 1,494 (332 ) 10,233 INCOME BEFORE INCOME TAXES 54,128 5,157 332 59,617 Income tax expense (208 ) (1,863 ) — (2,071 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 53,920 3,294 332 57,546 Income from equity in subsidiaries 3,626 — (3,626 ) — NET INCOME $ 57,546 $ 3,294 $ (3,294 ) $ 57,546 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2015 (in thousands) Parent Combined Consolidating Total REVENUES $ 899,992 $ 1,093,011 $ (647,751 ) $ 1,345,252 EXPENSES: Operating 669,653 923,295 (647,751 ) 945,197 General and administrative 23,725 53,045 — 76,770 Depreciation and amortization 60,967 47,348 — 108,315 Asset impairments — 955 — 955 754,345 1,024,643 (647,751 ) 1,131,237 OPERATING INCOME 145,647 68,368 — 214,015 OTHER (INCOME) EXPENSE: Interest expense, net 24,420 9,295 — 33,715 Expenses associated with debt refinancing transactions 701 — — 701 Other (income) expense 91 (479 ) 35 (353 ) 25,212 8,816 35 34,063 INCOME BEFORE INCOME TAXES 120,435 59,552 (35 ) 179,952 Income tax expense (1,001 ) (5,695 ) — (6,696 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 119,434 53,857 (35 ) 173,256 Income from equity in subsidiaries 53,822 — (53,822 ) — NET INCOME $ 173,256 $ 53,857 $ (53,857 ) $ 173,256 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2014 (in thousands) Parent Combined Consolidating Total REVENUES $ 939,686 $ 936,352 $ (652,648 ) $ 1,223,390 EXPENSES: Operating 671,914 838,436 (652,648 ) 857,702 General and administrative 25,648 53,938 — 79,586 Depreciation and amortization 60,266 25,147 — 85,413 Asset impairments 2,238 — — 2,238 760,066 917,521 (652,648 ) 1,024,939 OPERATING INCOME 179,620 18,831 — 198,451 OTHER (INCOME) EXPENSE: Interest expense, net 26,232 2,856 — 29,088 Other (income) expense 87 (589 ) (641 ) (1,143 ) 26,319 2,267 (641 ) 27,945 INCOME BEFORE INCOME TAXES 153,301 16,564 641 170,506 Income tax expense (342 ) (5,148 ) — (5,490 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 152,959 11,416 641 165,016 Income from equity in subsidiaries 12,057 — (12,057 ) — NET INCOME $ 165,016 $ 11,416 $ (11,416 ) $ 165,016 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2015 (in thousands) Parent Combined Consolidating And Other Total Net cash provided by operating activities $ 182,363 $ 123,378 $ — $ 305,741 Net cash used in investing activities (82,731 ) (75,349 ) (67,599 ) (225,679 ) Net cash provided by (used in) financing activities (79,552 ) (64,100 ) 67,599 (76,053 ) Net increase (decrease) in cash and cash equivalents 20,080 (16,071 ) — 4,009 CASH AND CASH EQUIVALENTS, beginning of period 12,337 62,056 — 74,393 CASH AND CASH EQUIVALENTS, end of period $ 32,417 $ 45,985 $ — $ 78,402 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2014 (in thousands) Parent Combined Consolidating And Other Total Net cash provided by (used in) operating activities $ 253,232 $ (4,543 ) $ — $ 248,689 Net cash used in investing activities (130,102 ) (81,892 ) 70,500 (141,494 ) Net cash provided by (used in) financing activities (144,443 ) 78,676 (70,500 ) (136,267 ) Net decrease in cash and cash equivalents (21,313 ) (7,759 ) — (29,072 ) CASH AND CASH EQUIVALENTS, beginning of period 31,647 46,272 — 77,919 CASH AND CASH EQUIVALENTS, end of period $ 10,334 $ 38,513 $ — $ 48,847

BASIS OF PRESENTATION AND SUM21

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers”, which establishes a single, comprehensive revenue recognition standard for all contracts with customers. For public reporting entities such as CCA, ASU 2014-09 was originally effective for interim and annual periods beginning after December 15, 2016 and early adoption of the ASU was not permitted. In July 2015, the FASB agreed to defer the effective date of the ASU for public reporting entities by one year, or to interim and annual periods beginning after December 15, 2017. Early adoption is now allowed as of the original effective date for public companies. CCA is reviewing the ASU to determine the potential impact it might have on the Company’s results of operations, cash flows, or financial position and its related financial statement disclosures, along with evaluating which transition method will be utilized upon adoption. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The new standard was further amended by ASU 2015-15 issued in August 2015. Under the new standard, debt issuance costs, excluding those costs incurred related to revolving credit facilities, will be presented as a direct deduction from the face amount of the related liability, rather than as a deferred charge, or asset, on the balance sheet as currently required. For public reporting entities such as CCA, the new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption of this new standard is permitted and CCA intends to adopt the new standard in the fourth quarter of 2015 in the Company’s Annual Report on Form 10-K. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”, which eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Instead, under the new standard, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. For public reporting entities such as CCA, guidance in ASU 2015-16 is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. CCA does not currently expect that the new standard will have a material impact on its financial statements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments To meet the reporting requirements of Accounting Standards Codification (“ASC”) 825, “Financial Instruments”, regarding fair value of financial instruments, CCA calculates the estimated fair value of financial instruments using market interest rates, quoted market prices of similar instruments, or discounted cash flow techniques with observable Level 1 inputs for publicly traded debt and Level 2 inputs for all other financial instruments, as defined in ASC 820, “Fair Value Measurement”. At September 30, 2015 and December 31, 2014, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Value Carrying Fair Value Investment in direct financing lease $ 3,811 $ 4,072 $ 5,473 $ 6,048 Note receivable from Agecroft Prison Management, Ltd. $ 3,589 $ 6,139 $ 3,677 $ 6,539 Debt $ (1,320,000 ) $ (1,318,063 ) $ (1,200,000 ) $ (1,179,625 )
Revenue Recognition - Multiple-Element Arrangement	Revenue Recognition – Multiple-Element Arrangement In September 2014, CCA agreed under an expansion of an existing inter-governmental service agreement (“IGSA”) between the city of Eloy, Arizona and U.S. Immigration and Customs Enforcement (“ICE”) to provide residential space and services at the newly activated South Texas Family Residential Center. The amended IGSA qualifies as a multiple-element arrangement under the guidance in ASC 605, “Revenue Recognition”. CCA evaluates each deliverable in an arrangement to determine whether it represents a separate unit of accounting. A deliverable constitutes a separate unit of accounting when it has standalone value to the customer. ASC 605 requires revenue to be allocated to each unit of accounting based on a selling price hierarchy. The selling price for a deliverable is based on its vendor specific objective evidence (“VSOE”) of selling price, if available, third party evidence (“TPE”) if VSOE of selling price is not available, or estimated selling price (“ESP”) if neither VSOE of selling price nor TPE is available. CCA establishes VSOE of selling price using the price charged for a deliverable when sold separately. CCA establishes TPE of selling price by evaluating similar products or services in standalone sales to similarly situated customers. CCA establishes ESP based on management judgment considering internal factors such as margin objectives, pricing practices and controls, and market conditions. In arrangements with multiple elements, CCA allocates the transaction price to the individual units of accounting at inception of the arrangement based on their relative selling price.

BASIS OF PRESENTATION AND SUM22

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value	At September 30, 2015 and December 31, 2014, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Value Carrying Fair Value Investment in direct financing lease $ 3,811 $ 4,072 $ 5,473 $ 6,048 Note receivable from Agecroft Prison Management, Ltd. $ 3,589 $ 6,139 $ 3,677 $ 6,539 Debt $ (1,320,000 ) $ (1,318,063 ) $ (1,200,000 ) $ (1,179,625 )

REAL ESTATE TRANSACTIONS (Table

REAL ESTATE TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2015
Summary of Idled Facilities and Respective Carrying Values	The following table summarizes each of the idled facilities and their respective carrying values, excluding equipment and other assets that could generally be transferred and used at other facilities CCA owns without significant cost (dollars in thousands): Net Carrying Values Facility Design Date Idled September 30, December 31, Prairie Correctional Facility 1,600 2010 $ 18,126 $ 18,748 Huerfano County Correctional Center 752 2010 18,464 19,033 Diamondback Correctional Facility 2,160 2010 43,404 44,480 Otter Creek Correctional Center 656 2012 23,479 24,089 Marion Adjustment Center 826 2013 12,646 12,978 Lee Adjustment Center 816 2015 10,969 11,365 6,810 $ 127,088 $ 130,693

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule Of Debt Outstanding	Debt outstanding as of September 30, 2015 and December 31, 2014 consists of the following (in thousands): September 30, 2015 December 31, $900.0 Million Revolving Credit Facility, principal due at maturity in July 2020; interest payable periodically at variable interest rates. The weighted average rate at September 30, 2015 and December 31, 2014 was 1.5% and 1.9%, respectively. $ 395,000 $ 525,000 4.625% Senior Notes, principal due at maturity in May 2023; interest payable semi-annually in May and November at 4.625%. 350,000 350,000 4.125% Senior Notes, principal due at maturity in April 2020; interest payable semi-annually in April and October at 4.125%. 325,000 325,000 5.0% Senior Notes, principal due at maturity in October 2022; interest payable semi-annually in April and October at 5.0%. 250,000 — $ 1,320,000 $ 1,200,000
Schedule of Principal Payments	Scheduled principal payments for the Term Loan are as follows (in millions): 2016 $ 5.0 2017 10.0 2018 10.0 2019 15.0 2020 60.0 Total $ 100.0

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2015
Declared Common Stock Dividends	During 2014 and the first nine months of 2015, CCA’s Board of Directors declared the following quarterly dividends on its common stock: Declaration Date Record Date Payable Date Per Share February 20, 2014 April 2, 2014 April 15, 2014 $ 0.51 May 15, 2014 July 2, 2014 July 15, 2014 $ 0.51 August 14, 2014 October 2, 2014 October 15, 2014 $ 0.51 December 11, 2014 January 2, 2015 January 15, 2015 $ 0.51 February 20, 2015 April 2, 2015 April 15, 2015 $ 0.54 May 14, 2015 July 2, 2015 July 15, 2015 $ 0.54 August 13, 2015 October 2, 2015 October 15, 2015 $ 0.54

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data): For the Three Months For the Nine Months 2015 2014 2015 2014 NUMERATOR Basic: Net income $ 50,676 $ 57,546 $ 173,256 $ 165,016 Diluted: Net income $ 50,676 $ 57,546 $ 173,256 $ 165,016 DENOMINATOR Basic: Weighted average common shares outstanding 117,066 116,185 116,889 116,025 Diluted: Weighted average common shares outstanding 117,066 116,185 116,889 116,025 Effect of dilutive securities: Stock options 559 886 716 895 Restricted stock-based compensation 149 318 181 263 Weighted average shares and assumed conversions 117,774 117,389 117,786 117,183 BASIC EARNINGS PER SHARE $ 0.43 $ 0.50 $ 1.48 $ 1.42 DILUTED EARNINGS PER SHARE $ 0.43 $ 0.49 $ 1.47 $ 1.41

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Revenue and Net Operating Income of Owned and Managed and the Managed-Only Facilities and Reconciliation to CCA's Operating Income	The revenue and net operating income for the owned and managed and the managed-only facilities and a reconciliation to CCA’s operating income is as follows for the three and nine months ended September 30, 2015 and 2014 (in thousands): For the Three Months For the Nine Months 2015 2014 2015 2014 Revenue: Owned and managed $ 395,587 $ 345,105 $ 1,155,604 $ 1,020,041 Managed-only 54,750 53,915 161,408 178,246 Total management revenue 450,337 399,020 1,317,012 1,198,287 Operating expenses: Owned and managed 270,221 227,816 777,940 683,143 Managed-only 50,364 47,300 147,073 159,581 Total operating expenses 320,585 275,116 925,013 842,724 Facility net operating income: Owned and managed 125,366 117,289 377,664 336,898 Managed-only 4,386 6,615 14,335 18,665 Total facility net operating income 129,752 123,904 391,999 355,563 Other revenue (expense): Rental and other revenue 9,620 9,454 28,240 25,103 Other operating expense (5,915 ) (7,596 ) (20,184 ) (14,978 ) General and administrative (26,791 ) (27,635 ) (76,770 ) (79,586 ) Depreciation and amortization (41,230 ) (28,277 ) (108,315 ) (85,413 ) Asset impairments — — (955 ) (2,238 ) Operating income $ 65,436 $ 69,850 $ 214,015 $ 198,451
Summary of Capital Expenditures Including Accrued Amounts	The following table summarizes capital expenditures including accrued amounts for the three and nine months ended September 30, 2015 and 2014 (amounts in thousands): For the Three Months For the Nine Months 2015 2014 2015 2014 Capital expenditures: Owned and managed $ 41,775 $ 101,920 $ 195,136 $ 151,391 Managed-only 1,074 872 2,973 2,271 Corporate and other 15,809 4,995 25,409 7,872 Total capital expenditures $ 58,658 $ 107,787 $ 223,518 $ 161,534
Schedule of Total Assets	The total assets are as follows (in thousands): September 30, December 31, Assets: Owned and managed $ 2,852,712 $ 2,745,905 Managed-only 65,588 68,146 Corporate and other 332,332 313,140 Total assets $ 3,250,632 $ 3,127,191

CONDENSED CONSOLIDATING FINAN28

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2015
CONDENSED CONSOLIDATING BALANCE SHEET	CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2015 (in thousands) ASSETS Parent Combined Consolidating Total Cash and cash equivalents $ 32,417 $ 45,985 $ — $ 78,402 Restricted cash 645 340 — 985 Accounts receivable, net of allowance 173,613 154,382 (77,458 ) 250,537 Current deferred tax assets 164 8,247 — 8,411 Prepaid expenses and other current assets 3,512 40,680 (7,959 ) 36,233 Total current assets 210,351 249,634 (85,417 ) 374,568 Property and equipment, net 2,531,397 241,346 — 2,772,743 Restricted cash 122 — — 122 Investment in direct financing lease 1,348 — — 1,348 Goodwill — 15,155 — 15,155 Non-current deferred tax assets — 6,230 (354 ) 5,876 Other assets 252,542 45,657 (217,379 ) 80,820 Total assets $ 2,995,760 $ 558,022 $ (303,150 ) $ 3,250,632 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued expenses $ 200,169 $ 207,484 $ (85,382 ) $ 322,271 Income taxes payable 3 1,480 — 1,483 Total current liabilities 200,172 208,964 (85,382 ) 323,754 Long-term debt 1,320,000 115,000 (115,000 ) 1,320,000 Non-current deferred tax liabilities 354 — (354 ) — Deferred revenue — 72,722 — 72,722 Other liabilities 1,353 58,922 — 60,275 Total liabilities 1,521,879 455,608 (200,736 ) 1,776,751 Total stockholders’ equity 1,473,881 102,414 (102,414 ) 1,473,881 Total liabilities and stockholders’ equity $ 2,995,760 $ 558,022 $ (303,150 ) $ 3,250,632 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2014 (in thousands) ASSETS Parent Combined Consolidating Total Cash and cash equivalents $ 12,337 $ 62,056 $ — $ 74,393 Accounts receivable, net of allowance 167,626 178,911 (97,949 ) 248,588 Current deferred tax assets — 13,241 (12 ) 13,229 Prepaid expenses and other current assets 17,060 34,705 (21,990 ) 29,775 Total current assets 197,023 288,913 (119,951 ) 365,985 Property and equipment, net 2,459,053 199,575 — 2,658,628 Restricted cash 1,267 1,591 — 2,858 Investment in direct financing lease 3,223 — — 3,223 Goodwill — 16,110 — 16,110 Non-current deferred tax assets — 2,778 (477 ) 2,301 Other assets 241,690 47,046 (210,650 ) 78,086 Total assets $ 2,902,256 $ 556,013 $ (331,078 ) $ 3,127,191 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable and accrued expenses $ 218,403 $ 205,213 $ (106,050 ) $ 317,566 Income taxes payable 195 1,173 — 1,368 Current deferred tax liabilities 13 — (13 ) — Note payable to an affiliate — 13,854 (13,854 ) — Current liabilities of discontinued operations — 54 — 54 Total current liabilities 218,611 220,294 (119,917 ) 318,988 Long-term debt 1,200,000 115,000 (115,000 ) 1,200,000 Non-current deferred tax liabilities 477 — (477 ) — Deferred revenue — 87,227 — 87,227 Other liabilities 1,668 37,808 — 39,476 Total liabilities 1,420,756 460,329 (235,394 ) 1,645,691 Total stockholders’ equity 1,481,500 95,684 (95,684 ) 1,481,500 Total liabilities and stockholders’ equity $ 2,902,256 $ 556,013 $ (331,078 ) $ 3,127,191
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2015 (in thousands) Parent Combined Consolidating Total REVENUES $ 294,578 $ 384,840 $ (219,461 ) $ 459,957 EXPENSES: Operating 226,020 319,941 (219,461 ) 326,500 General and administrative 8,226 18,565 — 26,791 Depreciation and amortization 20,623 20,607 — 41,230 254,869 359,113 (219,461 ) 394,521 OPERATING INCOME 39,709 25,727 — 65,436 OTHER (INCOME) EXPENSE: Interest expense, net 7,739 4,025 — 11,764 Expenses associated with debt refinancing transactions 701 — — 701 Other (income) expense 131 (469 ) (25 ) (363 ) 8,571 3,556 (25 ) 12,102 INCOME BEFORE INCOME TAXES 31,138 22,171 25 53,334 Income tax expense (480 ) (2,178 ) — (2,658 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 30,658 19,993 25 50,676 Income from equity in subsidiaries 20,018 — (20,018 ) — NET INCOME $ 50,676 $ 19,993 $ (19,993 ) $ 50,676 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended September 30, 2014 (in thousands) Parent Combined Consolidating Total REVENUES $ 319,127 $ 310,597 $ (221,250 ) $ 408,474 EXPENSES: Operating 226,820 277,142 (221,250 ) 282,712 General and administrative 8,719 18,916 — 27,635 Depreciation and amortization 20,389 7,888 — 28,277 255,928 303,946 (221,250 ) 338,624 OPERATING INCOME 63,199 6,651 — 69,850 OTHER (INCOME) EXPENSE: Interest expense, net 8,821 1,555 — 10,376 Other (income) expense 250 (61 ) (332 ) (143 ) 9,071 1,494 (332 ) 10,233 INCOME BEFORE INCOME TAXES 54,128 5,157 332 59,617 Income tax expense (208 ) (1,863 ) — (2,071 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 53,920 3,294 332 57,546 Income from equity in subsidiaries 3,626 — (3,626 ) — NET INCOME $ 57,546 $ 3,294 $ (3,294 ) $ 57,546 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2015 (in thousands) Parent Combined Consolidating Total REVENUES $ 899,992 $ 1,093,011 $ (647,751 ) $ 1,345,252 EXPENSES: Operating 669,653 923,295 (647,751 ) 945,197 General and administrative 23,725 53,045 — 76,770 Depreciation and amortization 60,967 47,348 — 108,315 Asset impairments — 955 — 955 754,345 1,024,643 (647,751 ) 1,131,237 OPERATING INCOME 145,647 68,368 — 214,015 OTHER (INCOME) EXPENSE: Interest expense, net 24,420 9,295 — 33,715 Expenses associated with debt refinancing transactions 701 — — 701 Other (income) expense 91 (479 ) 35 (353 ) 25,212 8,816 35 34,063 INCOME BEFORE INCOME TAXES 120,435 59,552 (35 ) 179,952 Income tax expense (1,001 ) (5,695 ) — (6,696 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 119,434 53,857 (35 ) 173,256 Income from equity in subsidiaries 53,822 — (53,822 ) — NET INCOME $ 173,256 $ 53,857 $ (53,857 ) $ 173,256 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the nine months ended September 30, 2014 (in thousands) Parent Combined Consolidating Total REVENUES $ 939,686 $ 936,352 $ (652,648 ) $ 1,223,390 EXPENSES: Operating 671,914 838,436 (652,648 ) 857,702 General and administrative 25,648 53,938 — 79,586 Depreciation and amortization 60,266 25,147 — 85,413 Asset impairments 2,238 — — 2,238 760,066 917,521 (652,648 ) 1,024,939 OPERATING INCOME 179,620 18,831 — 198,451 OTHER (INCOME) EXPENSE: Interest expense, net 26,232 2,856 — 29,088 Other (income) expense 87 (589 ) (641 ) (1,143 ) 26,319 2,267 (641 ) 27,945 INCOME BEFORE INCOME TAXES 153,301 16,564 641 170,506 Income tax expense (342 ) (5,148 ) — (5,490 ) INCOME BEFORE EQUITY IN SUBSIDIARIES 152,959 11,416 641 165,016 Income from equity in subsidiaries 12,057 — (12,057 ) — NET INCOME $ 165,016 $ 11,416 $ (11,416 ) $ 165,016
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2015 (in thousands) Parent Combined Consolidating And Other Total Net cash provided by operating activities $ 182,363 $ 123,378 $ — $ 305,741 Net cash used in investing activities (82,731 ) (75,349 ) (67,599 ) (225,679 ) Net cash provided by (used in) financing activities (79,552 ) (64,100 ) 67,599 (76,053 ) Net increase (decrease) in cash and cash equivalents 20,080 (16,071 ) — 4,009 CASH AND CASH EQUIVALENTS, beginning of period 12,337 62,056 — 74,393 CASH AND CASH EQUIVALENTS, end of period $ 32,417 $ 45,985 $ — $ 78,402 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 30, 2014 (in thousands) Parent Combined Consolidating And Other Total Net cash provided by (used in) operating activities $ 253,232 $ (4,543 ) $ — $ 248,689 Net cash used in investing activities (130,102 ) (81,892 ) 70,500 (141,494 ) Net cash provided by (used in) financing activities (144,443 ) 78,676 (70,500 ) (136,267 ) Net decrease in cash and cash equivalents (21,313 ) (7,759 ) — (29,072 ) CASH AND CASH EQUIVALENTS, beginning of period 31,647 46,272 — 77,919 CASH AND CASH EQUIVALENTS, end of period $ 10,334 $ 38,513 $ — $ 48,847

Organization and Operations - A

Organization and Operations - Additional Information (Detail)	Sep. 30, 2015BedFacilityState	Aug. 27, 2015Bed
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of facilities owned by government partners, managed	11
Number of facilities owned or controlled by company	54
Number of beds at the facility | Bed	83,000	600
Number of states in which company facilities are located | State	19

Basis of Presentation and Sum30

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Other assets
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Unamortized debt issuance costs	$ 11,900,000	$ 9,500,000
Amended Revolving Credit Facility
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Line of credit facility maximum borrowing capacity	$ 900,000,000

Schedule of Financial Instrumen

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investment in direct financing lease, Carrying Amount	$ 3,811	$ 5,473
Note receivable from Agecroft Prison Management, Ltd., Carrying Amount	3,589	3,677
Debt, Carrying Amount	(1,320,000)	(1,200,000)
Investment in direct financing lease, Fair Value	4,072	6,048
Note receivable from Agecroft Prison Management, Ltd., Fair Value	6,139	6,539
Debt, Fair Value	$ (1,318,063)	$ (1,179,625)

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Establishment of goodwill				This goodwill was established in connection with the acquisition of Correctional Alternatives, Inc. ("CAI") during the third quarter of 2013, and the acquisitions of two service companies during 2000.
Goodwill	$ 15,155			$ 15,155		$ 16,110
Asset impairment charges				955	$ 2,238
Operating income (loss)	65,436		$ 69,850	214,015	198,451
Winn Correctional Center
Goodwill and Intangible Assets Disclosure [Line Items]
Asset impairment charges		$ 1,000
Operating income (loss)	$ (1,300)		$ 300	$ (5,800)	$ 800

Real Estate Transactions - Addi

Real Estate Transactions - Additional Information (Detail) $ in Thousands	Aug. 27, 2015USD ($)BedFacility	Sep. 30, 2014Facility	Sep. 30, 2015USD ($)Bed	Dec. 31, 2014USD ($)Installment	Sep. 30, 2014USD ($)Facility	Jun. 30, 2015BedPerson	Jun. 30, 2014Person	Sep. 30, 2015USD ($)BedBusiness-Combination	Sep. 30, 2014USD ($)Facility	Nov. 30, 2013Bed
Facility Activations Developments And Closures [Line Items]
Number of beds at the facility | Bed	600		83,000					83,000
Operating Expense			$ 326,500		$ 282,712			$ 945,197	$ 857,702
Deferred Revenue - Noncurrent			72,722	$ 87,227				72,722
Revenue			450,337		399,020			1,317,012	1,198,287
Consideration paid	$ 13,795							13,795
Business acquisition transaction related expenses	200
Purchase price, net tangible assets	13,400
Purchase price, identifiable intangible assets	$ 400
Number of facilities acquired | Facility	4
Lease expiration date	2019-07
Lease extension period	5 years
Idle Facilities
Facility Activations Developments And Closures [Line Items]
Operating Expense			2,000		$ 1,700			5,400	$ 5,100
Lee Adjustment Center
Facility Activations Developments And Closures [Line Items]
Number of offender | Person						308	458
Net carrying value			$ 10,969	11,365				$ 10,969
Number of beds at the facility | Bed			816			816		816
San Diego Correctional Facility
Facility Activations Developments And Closures [Line Items]
Number of beds at the facility | Bed			1,154					1,154
Lease expiration date								Dec. 31, 2015
Otay Mesa Detention Center
Facility Activations Developments And Closures [Line Items]
Number of beds at the facility | Bed			1,482					1,482
Amount invested to acquire property			$ 157,000					$ 157,000
Trousdale Turner Correctional Center
Facility Activations Developments And Closures [Line Items]
Number of beds at the facility | Bed										2,552
Amount invested to acquire property			134,200					$ 134,200
Percentage of guaranteed occupancy under management contract								90.00%
South Texas Family Residential Center | Third Party Lessor | Non-appropriation of fund
Facility Activations Developments And Closures [Line Items]
Agreement notice period for termination		60 days
Lease termination penalty								$ 13,500
ICE
Facility Activations Developments And Closures [Line Items]
Deferred Revenue - Noncurrent				$ 70,000
Number of distinct multiple element arrangements | Business-Combination								5
Revenue			$ 71,000					$ 172,800
ICE | Installment Payment
Facility Activations Developments And Closures [Line Items]
Number of installments | Installment				2
Installments due				Dec. 31, 2014
Amount to be settled as an installment				$ 35,000
Maximum | South Texas Family Residential Center
Facility Activations Developments And Closures [Line Items]
Number of beds at the facility | Facility		2,400			2,400				2,400
Management contract, initial term		4 years
Minimum | South Texas Family Residential Center
Facility Activations Developments And Closures [Line Items]
Agreement notice period for termination		90 days

Idled Facilities and Respective

Idled Facilities and Respective Carrying Values Excluding Equipment and Other Assets (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)Bed	Aug. 27, 2015Bed	Jun. 30, 2015Bed	Dec. 31, 2014USD ($)
Facility Activations Developments And Closures [Line Items]
Design Capacity	83,000	600
Prairie Correctional Facility
Facility Activations Developments And Closures [Line Items]
Design Capacity	1,600
Date Idled	2,010
Net carrying value | $	$ 18,126			$ 18,748
Huerfano County Correctional Center
Facility Activations Developments And Closures [Line Items]
Design Capacity	752
Date Idled	2,010
Net carrying value | $	$ 18,464			19,033
Diamondback Correctional Facility
Facility Activations Developments And Closures [Line Items]
Design Capacity	2,160
Date Idled	2,010
Net carrying value | $	$ 43,404			44,480
Otter Creek Correctional Center
Facility Activations Developments And Closures [Line Items]
Design Capacity	656
Date Idled	2,012
Net carrying value | $	$ 23,479			24,089
Marion Adjustment Center
Facility Activations Developments And Closures [Line Items]
Design Capacity	826
Date Idled	2,013
Net carrying value | $	$ 12,646			12,978
Lee Adjustment Center
Facility Activations Developments And Closures [Line Items]
Design Capacity	816		816
Date Idled	2,015
Net carrying value | $	$ 10,969			11,365
Idle Facilities
Facility Activations Developments And Closures [Line Items]
Design Capacity	6,810
Net carrying value | $	$ 127,088			$ 130,693

Business Combinations - Additio

Business Combinations - Additional Information (Detail)	Oct. 28, 2015USD ($)BedFacility	Aug. 27, 2015BedFacility	Sep. 30, 2015USD ($)Bed	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of beds at the facility | Bed		600	83,000
Number of facilities acquired | Facility		4
Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Business Acquisition [Line Items]
Line of credit facility maximum borrowing capacity			$ 900,000,000	$ 900,000,000
Subsequent Event | Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Business Acquisition [Line Items]
Line of credit facility maximum borrowing capacity	$ 900,000,000
Subsequent Event | Avalon Correctional Services, Inc
Business Acquisition [Line Items]
Business acquisition, acquisition date	Oct. 28, 2015
Business acquisition, percentage of acquired stock	100.00%
Number of beds at the facility | Bed	3,000
Number of facilities acquired | Facility	11
Aggregate purchase price	$ 157,500,000
Subsequent Event | Avalon Correctional Services, Inc | The achievement of certain utilization milestones over the next 12 months
Business Acquisition [Line Items]
Amounts due under earn-outs business combinations	2,000,000
Subsequent Event | Avalon Correctional Services, Inc | The completion of and transition to a newly constructed facility that will deliver the contracted services currently provided at the Dallas Transitional Center
Business Acquisition [Line Items]
Amounts due under earn-outs business combinations	$ 5,500,000

Schedule of Debt Outstanding (D

Schedule of Debt Outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 25, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 1,320,000		$ 1,200,000
Senior Notes 4.625% Due 2023
Debt Instrument [Line Items]
Long-term debt	350,000		350,000
Senior Notes 4.125% Due 2020
Debt Instrument [Line Items]
Long-term debt	325,000		325,000
Senior Notes 5.0% Due 2022
Debt Instrument [Line Items]
Long-term debt	250,000	$ 250,000
Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 395,000		$ 525,000

Schedule of Debt Outstanding (P

Schedule of Debt Outstanding (Parenthetical) (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Senior Notes 4.625% Due 2023
Debt Instrument [Line Items]
Stated interest rate	4.625%
Debt maturity date	May 1, 2023
Senior Notes interest payable dates	interest payable semi-annually in May and November at 4.625%.
Senior Notes 4.125% Due 2020
Debt Instrument [Line Items]
Stated interest rate	4.125%
Debt maturity date	Apr. 1, 2020
Senior Notes interest payable dates	interest payable semi-annually in April and October at 4.125%.
Senior Notes 5.0% Due 2022
Debt Instrument [Line Items]
Stated interest rate	5.00%
Debt maturity date	Oct. 15, 2022
Senior Notes interest payable dates	interest payable semi-annually in April and October at 5.0%.
Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 900,000,000	$ 900,000,000
Revolving Credit Facility maturity date	Jul. 31, 2020
Weighted average rate	1.50%	1.90%
Senior Notes interest payable dates	interest payable periodically at variable interest rates.

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Oct. 06, 2015	Jul. 31, 2015	Apr. 30, 2013	Sep. 30, 2015	Sep. 30, 2015	Oct. 28, 2015	Sep. 25, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Borrowings under credit facility				$ 395,000,000	$ 395,000,000
Revolving Credit Facility letters of credit outstanding				14,100,000	14,100,000
Long-term debt				1,320,000,000	$ 1,320,000,000			$ 1,200,000,000
Senior Notes Due 2020
Debt Instrument [Line Items]
Aggregate principal amount			$ 325,000,000
Debt maturity date			Apr. 1, 2020
Stated interest rate			4.125%
Senior Notes Due 2023
Debt Instrument [Line Items]
Aggregate principal amount			$ 350,000,000
Debt maturity date			May 1, 2023
Stated interest rate			4.625%
Senior Notes 5.0% Due 2022
Debt Instrument [Line Items]
Debt issuance costs				$ 3,400,000
Debt maturity date					Oct. 15, 2022
Stated interest rate				5.00%	5.00%
Long-term debt				$ 250,000,000	$ 250,000,000		$ 250,000,000
Long-term debt payment description					Interest on the 5.0% Senior Notes accrues at the stated rate and is payable in April and October of each year.
Debt instrument redemption percentage of par							100.00%
Senior Notes 4.125% Due 2020
Debt Instrument [Line Items]
Debt maturity date					Apr. 1, 2020
Stated interest rate				4.125%	4.125%
Long-term debt				$ 325,000,000	$ 325,000,000			325,000,000
Debt instrument redemption percentage of par			100.00%
Senior Notes 4.625% Due 2023
Debt Instrument [Line Items]
Debt maturity date					May 1, 2023
Stated interest rate				4.625%	4.625%
Long-term debt				$ 350,000,000	$ 350,000,000			350,000,000
Debt instrument redemption percentage of par			100.00%
Amended Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity				900,000,000	$ 900,000,000
Amended Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 900,000,000
Reduction in applicable margin of base rate		0.25%
Reduction in applicable margin of LIBOR rate		0.25%
Debt issuance costs		$ 2,100,000
Charge against write-off of loan costs				700,000
Line of credit interest on outstanding borrowings					At CCA's option, interest on outstanding borrowings under the $900.0 Million Revolving Credit Facility is based on either a base rate plus a margin ranging from 0.00% to 0.75% or at LIBOR plus a margin ranging from 1.00% to 1.75% based on CCA's leverage ratio.
Base rate plus a margin					0.50%
LIBOR plus a margin					1.50%
Line of credit facility, aggregate principal amount of additional borrowing		350,000,000
Sublimit swing line loans		30,000,000
Percentage of commitment fee to unfunded balance					0.35%
Line of credit facility, remaining borrowing capacity				490,900,000	$ 490,900,000
Sublimit for issuance of standby letters of credit		$ 50,000,000
Percentage of capital stock of foreign subsidiary secured by pledge under Revolving Credit Facilities		65.00%
Amended Revolving Credit Facility | $900.0 Million Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Base rate plus a margin		0.00%
LIBOR plus a margin		1.00%
Amended Revolving Credit Facility | $900.0 Million Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Base rate plus a margin		0.75%
LIBOR plus a margin		1.75%
Amended Revolving Credit Facility | $900.0 Million Revolving Credit Facility | Extended Maturity
Debt Instrument [Line Items]
Revolving Credit Facility maturity date		Jul. 31, 2020
Revolving Credit Facility | $900.0 Million Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity				900,000,000	$ 900,000,000			900,000,000
Revolving Credit Facility maturity date					Jul. 31, 2020
Long-term debt				$ 395,000,000	$ 395,000,000			$ 525,000,000
Revolving Credit Facility | $900.0 Million Revolving Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity						$ 900,000,000
Revolving Credit Facility | Term Loan | $900.0 Million Revolving Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Debt issuance costs	$ 500,000
Base rate plus a margin	0.50%
LIBOR plus a margin	1.75%
Line of credit facility, current borrowing capacity	$ 100,000,000

Schedule of Principal Payments

Schedule of Principal Payments (Detail) - Term Loan - Subsequent Event $ in Millions	Oct. 06, 2015USD ($)
Debt Instrument [Line Items]
2,016	$ 5
2,017	10
2,018	10
2,019	15
2,020	60
Total	$ 100

Declared Common Stock Dividends

Declared Common Stock Dividends (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Dividends Payable [Line Items]
Per Share	$ 0.54	$ 0.51	$ 1.62	$ 1.53
Dividend Payment 1st
Dividends Payable [Line Items]
Declaration Date			Feb. 20, 2014
Record Date			Apr. 2, 2014
Payable Date			Apr. 15, 2014
Per Share			$ 0.51
Dividend Payment 2nd
Dividends Payable [Line Items]
Declaration Date			May 15, 2014
Record Date			Jul. 2, 2014
Payable Date			Jul. 15, 2014
Per Share			$ 0.51
Dividend Payment 3rd
Dividends Payable [Line Items]
Declaration Date			Aug. 14, 2014
Record Date			Oct. 2, 2014
Payable Date			Oct. 15, 2014
Per Share			$ 0.51
Dividend Payment 4th
Dividends Payable [Line Items]
Declaration Date			Dec. 11, 2014
Record Date			Jan. 2, 2015
Payable Date			Jan. 15, 2015
Per Share			$ 0.51
Dividend Payment 5th
Dividends Payable [Line Items]
Declaration Date			Feb. 20, 2015
Record Date			Apr. 2, 2015
Payable Date			Apr. 15, 2015
Per Share			$ 0.54
Dividend Payment 6th
Dividends Payable [Line Items]
Declaration Date			May 14, 2015
Record Date			Jul. 2, 2015
Payable Date			Jul. 15, 2015
Per Share			$ 0.54
Dividend Payment 7th
Dividends Payable [Line Items]
Declaration Date			Aug. 13, 2015
Record Date			Oct. 2, 2015
Payable Date			Oct. 15, 2015
Per Share			$ 0.54

Stockholders Equity - Additiona

Stockholders Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Restricted stock based compensation
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees			438,000		548,000
Fair value of restricted common stock and common stock units and stock options issued by CCA to certain of its employees			$ 17.5		$ 17.8
Allocated share-based compensation expense	$ 3.7	$ 3.1	$ 10.9	$ 9
Restricted common stock and common stock units remained outstanding and subject to vesting	1,000,000		1,000,000
Restricted stock based compensation | Officers And Executive Officers
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Vesting period			3 years
Performance criteria, cumulative period			3 years
Percent of awards eligible to vest			33.33%
Restricted stock based compensation | Other Employees
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Vesting period, continuous service requirement			3 years
Restricted stock based compensation | General and Administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees			385,000		478,000
Allocated share-based compensation expense	$ 3.4	2.7	$ 9.8	7.9
Restricted stock based compensation | Operating
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Restricted common stock and common stock units and stock options issued by CCA to certain of its employees			53,000		70,000
Allocated share-based compensation expense	$ 0.3	0.4	$ 1.1	1.1
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Common stock options outstanding	1,500,000		1,500,000
Weighted average exercise price of common stock outstanding	$ 20.32		$ 20.32
Stock options | General and Administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Expense net of estimated forfeitures, relating to common stock options	$ 0.1	$ 0.4	$ 0.6	$ 1.5

Schedule of Calculation of Nume

Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 50,676	$ 57,546	$ 173,256	$ 165,016
Weighted average shares and assumed conversions	117,774	117,389	117,786	117,183
BASIC EARNINGS PER SHARE	$ 0.43	$ 0.50	$ 1.48	$ 1.42
DILUTED EARNINGS PER SHARE	$ 0.43	$ 0.49	$ 1.47	$ 1.41
Basic Earnings Per Share
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 50,676	$ 57,546	$ 173,256	$ 165,016
Weighted average common shares outstanding, basic	117,066	116,185	116,889	116,025
Diluted Earnings Per Share
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 50,676	$ 57,546	$ 173,256	$ 165,016
Weighted average common shares outstanding, diluted	117,066	116,185	116,889	116,025
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities	559	886	716	895
Restricted stock based compensation
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities	149	318	181	263

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share because they were anti-dilutive	16,000	16,000	5,000	16,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)BedLegalMatter	Aug. 27, 2015Bed	Dec. 31, 1997USD ($)Bed
Loss Contingencies [Line Items]
Number of pending legal proceedings that would have an effect on consolidated financial position, results of operations, or cash flows | LegalMatter	0
Number of beds at the facility | Bed	83,000	600
Hardeman County Correctional Facilities Corporation
Loss Contingencies [Line Items]
Issuance of revenue bonds			$ 72.7
Number of beds at the facility | Bed			2,016
Outstanding principal balance of revenue bonds	$ 12.8
Outstanding principal balance of the bonds exceeded the purchase price option	$ 4.9

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Minimum Distribution Percentage of Taxable Income to Qualify for Real Estate Investment Trust			90.00%
Minimum distribution Percentage of Taxable Income to avoid Federal Income Taxes			100.00%
Income tax expense	$ (2,658,000)	$ (2,071,000)	$ (6,696,000)	$ (5,490,000)
Percentage of likelihood required for a tax position to be measured			50.00%
Liabilities for uncertain tax positions	$ 0		$ 0

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015FacilitySegment
Segment Reporting Information [Line Items]
Number of facilities owned and managed	47
Number of facilities owned by government partners, managed	11
Number of Operating segments | Segment	1
Number of facilities leased to third party operators	7

Schedule of Revenue and Net Ope

Schedule of Revenue and Net Operating Income of Owned and Managed and the Managed-Only Facilities and Reconciliation to CCA's Operating Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total management revenue	$ 450,337	$ 399,020	$ 1,317,012	$ 1,198,287
Total operating expenses	320,585	275,116	925,013	842,724
Rental and other revenue	9,620	9,454	28,240	25,103
Other operating expense	(5,915)	(7,596)	(20,184)	(14,978)
General and administrative	(26,791)	(27,635)	(76,770)	(79,586)
Depreciation and amortization	(41,230)	(28,277)	(108,315)	(85,413)
Asset impairments			(955)	(2,238)
OPERATING INCOME	65,436	69,850	214,015	198,451
Owned and managed
Segment Reporting Information [Line Items]
Total management revenue	395,587	345,105	1,155,604	1,020,041
Total operating expenses	270,221	227,816	777,940	683,143
OPERATING INCOME	125,366	117,289	377,664	336,898
Managed-only
Segment Reporting Information [Line Items]
Total management revenue	54,750	53,915	161,408	178,246
Total operating expenses	50,364	47,300	147,073	159,581
OPERATING INCOME	4,386	6,615	14,335	18,665
Facility
Segment Reporting Information [Line Items]
OPERATING INCOME	$ 129,752	$ 123,904	$ 391,999	$ 355,563

Summary of Capital Expenditures

Summary of Capital Expenditures Including Accrued Amounts (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total capital expenditures	$ 58,658	$ 107,787	$ 223,518	$ 161,534
Owned and managed
Segment Reporting Information [Line Items]
Total capital expenditures	41,775	101,920	195,136	151,391
Managed-only
Segment Reporting Information [Line Items]
Total capital expenditures	1,074	872	2,973	2,271
Corporate and Other
Segment Reporting Information [Line Items]
Total capital expenditures	$ 15,809	$ 4,995	$ 25,409	$ 7,872

Schedule of Total Assets (Detai

Schedule of Total Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 3,250,632	$ 3,127,191
Owned and managed
Segment Reporting Information [Line Items]
Total assets	2,852,712	2,745,905
Managed-only
Segment Reporting Information [Line Items]
Total assets	65,588	68,146
Corporate and Other
Segment Reporting Information [Line Items]
Total assets	$ 332,332	$ 313,140

Condensed Consolidating Balance

Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 78,402	$ 74,393
Restricted cash	985
Accounts receivable, net of allowance	250,537	248,588
Current deferred tax assets	8,411	13,229
Prepaid expenses and other current assets	36,233	29,775
Total current assets	374,568	365,985
Property and equipment, net	2,772,743	2,658,628
Restricted cash	122	2,858
Investment in direct financing lease	1,348	3,223
Goodwill	15,155	16,110
Non-current deferred tax assets	5,876	2,301
Other assets	80,820	78,086
Total assets	3,250,632	3,127,191
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	322,271	317,566
Income taxes payable	1,483	1,368
Current liabilities of discontinued operations		54
Total current liabilities	323,754	318,988
Long-term debt	1,320,000	1,200,000
Deferred revenue	72,722	87,227
Other liabilities	60,275	39,476
Total liabilities	1,776,751	1,645,691
Total stockholders' equity	1,473,881	1,481,500	$ 1,502,293	$ 1,502,507
Total liabilities and stockholders' equity	3,250,632	3,127,191
Parent
ASSETS
Cash and cash equivalents	32,417	12,337
Restricted cash	645
Accounts receivable, net of allowance	173,613	167,626
Current deferred tax assets	164
Prepaid expenses and other current assets	3,512	17,060
Total current assets	210,351	197,023
Property and equipment, net	2,531,397	2,459,053
Restricted cash	122	1,267
Investment in direct financing lease	1,348	3,223
Other assets	252,542	241,690
Total assets	2,995,760	2,902,256
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	200,169	218,403
Income taxes payable	3	195
Current deferred tax liabilities		13
Total current liabilities	200,172	218,611
Long-term debt	1,320,000	1,200,000
Non-current deferred tax liabilities	354	477
Other liabilities	1,353	1,668
Total liabilities	1,521,879	1,420,756
Total stockholders' equity	1,473,881	1,481,500
Total liabilities and stockholders' equity	2,995,760	2,902,256
Combined Subsidiary Guarantors
ASSETS
Cash and cash equivalents	45,985	62,056
Restricted cash	340
Accounts receivable, net of allowance	154,382	178,911
Current deferred tax assets	8,247	13,241
Prepaid expenses and other current assets	40,680	34,705
Total current assets	249,634	288,913
Property and equipment, net	241,346	199,575
Restricted cash		1,591
Goodwill	15,155	16,110
Non-current deferred tax assets	6,230	2,778
Other assets	45,657	47,046
Total assets	558,022	556,013
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	207,484	205,213
Income taxes payable	1,480	1,173
Note payable to an affiliate		13,854
Current liabilities of discontinued operations		54
Total current liabilities	208,964	220,294
Long-term debt	115,000	115,000
Deferred revenue	72,722	87,227
Other liabilities	58,922	37,808
Total liabilities	455,608	460,329
Total stockholders' equity	102,414	95,684
Total liabilities and stockholders' equity	558,022	556,013
Consolidating Adjustments and Other
ASSETS
Accounts receivable, net of allowance	(77,458)	(97,949)
Current deferred tax assets		(12)
Prepaid expenses and other current assets	(7,959)	(21,990)
Total current assets	(85,417)	(119,951)
Non-current deferred tax assets	(354)	(477)
Other assets	(217,379)	(210,650)
Total assets	(303,150)	(331,078)
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	(85,382)	(106,050)
Current deferred tax liabilities		(13)
Note payable to an affiliate		(13,854)
Total current liabilities	(85,382)	(119,917)
Long-term debt	(115,000)	(115,000)
Non-current deferred tax liabilities	(354)	(477)
Total liabilities	(200,736)	(235,394)
Total stockholders' equity	(102,414)	(95,684)
Total liabilities and stockholders' equity	$ (303,150)	$ (331,078)

Condensed Consolidating Stateme

Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
REVENUES	$ 459,957	$ 408,474	$ 1,345,252	$ 1,223,390
EXPENSES:
Operating	326,500	282,712	945,197	857,702
General and administrative	26,791	27,635	76,770	79,586
Depreciation and amortization	41,230	28,277	108,315	85,413
Asset impairments			955	2,238
Costs and Expenses	394,521	338,624	1,131,237	1,024,939
OPERATING INCOME	65,436	69,850	214,015	198,451
OTHER (INCOME) EXPENSE:
Interest expense (income), net	11,764	10,376	33,715	29,088
Expenses associated with debt refinancing transactions	701		701
Other (income) expense	(363)	(143)	(353)	(1,143)
Total non-operating expense (income)	12,102	10,233	34,063	27,945
INCOME BEFORE INCOME TAXES	53,334	59,617	179,952	170,506
Income tax expense	(2,658)	(2,071)	(6,696)	(5,490)
INCOME BEFORE EQUITY IN SUBSIDIARIES	50,676	57,546	173,256	165,016
NET INCOME	50,676	57,546	173,256	165,016
Parent
Condensed Financial Statements, Captions [Line Items]
REVENUES	294,578	319,127	899,992	939,686
EXPENSES:
Operating	226,020	226,820	669,653	671,914
General and administrative	8,226	8,719	23,725	25,648
Depreciation and amortization	20,623	20,389	60,967	60,266
Asset impairments				2,238
Costs and Expenses	254,869	255,928	754,345	760,066
OPERATING INCOME	39,709	63,199	145,647	179,620
OTHER (INCOME) EXPENSE:
Interest expense (income), net	7,739	8,821	24,420	26,232
Expenses associated with debt refinancing transactions	701		701
Other (income) expense	131	250	91	87
Total non-operating expense (income)	8,571	9,071	25,212	26,319
INCOME BEFORE INCOME TAXES	31,138	54,128	120,435	153,301
Income tax expense	(480)	(208)	(1,001)	(342)
INCOME BEFORE EQUITY IN SUBSIDIARIES	30,658	53,920	119,434	152,959
Income from equity in subsidiaries	20,018	3,626	53,822	12,057
NET INCOME	50,676	57,546	173,256	165,016
Combined Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
REVENUES	384,840	310,597	1,093,011	936,352
EXPENSES:
Operating	319,941	277,142	923,295	838,436
General and administrative	18,565	18,916	53,045	53,938
Depreciation and amortization	20,607	7,888	47,348	25,147
Asset impairments			955
Costs and Expenses	359,113	303,946	1,024,643	917,521
OPERATING INCOME	25,727	6,651	68,368	18,831
OTHER (INCOME) EXPENSE:
Interest expense (income), net	4,025	1,555	9,295	2,856
Other (income) expense	(469)	(61)	(479)	(589)
Total non-operating expense (income)	3,556	1,494	8,816	2,267
INCOME BEFORE INCOME TAXES	22,171	5,157	59,552	16,564
Income tax expense	(2,178)	(1,863)	(5,695)	(5,148)
INCOME BEFORE EQUITY IN SUBSIDIARIES	19,993	3,294	53,857	11,416
NET INCOME	19,993	3,294	53,857	11,416
Consolidating Adjustments and Other
Condensed Financial Statements, Captions [Line Items]
REVENUES	(219,461)	(221,250)	(647,751)	(652,648)
EXPENSES:
Operating	(219,461)	(221,250)	(647,751)	(652,648)
Costs and Expenses	(219,461)	(221,250)	(647,751)	(652,648)
OTHER (INCOME) EXPENSE:
Other (income) expense	(25)	(332)	35	(641)
Total non-operating expense (income)	(25)	(332)	35	(641)
INCOME BEFORE INCOME TAXES	25	332	(35)	641
INCOME BEFORE EQUITY IN SUBSIDIARIES	25	332	(35)	641
Income from equity in subsidiaries	(20,018)	(3,626)	(53,822)	(12,057)
NET INCOME	$ (19,993)	$ (3,294)	$ (53,857)	$ (11,416)

Condensed Consolidating State52

Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 305,741	$ 248,689
Net cash used in investing activities	(225,679)	(141,494)
Net cash provided by (used in) financing activities	(76,053)	(136,267)
Net increase (decrease) in cash and cash equivalents	4,009	(29,072)
CASH AND CASH EQUIVALENTS, beginning of period	74,393	77,919
CASH AND CASH EQUIVALENTS, end of period	78,402	48,847
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	182,363	253,232
Net cash used in investing activities	(82,731)	(130,102)
Net cash provided by (used in) financing activities	(79,552)	(144,443)
Net increase (decrease) in cash and cash equivalents	20,080	(21,313)
CASH AND CASH EQUIVALENTS, beginning of period	12,337	31,647
CASH AND CASH EQUIVALENTS, end of period	32,417	10,334
Combined Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	123,378	(4,543)
Net cash used in investing activities	(75,349)	(81,892)
Net cash provided by (used in) financing activities	(64,100)	78,676
Net increase (decrease) in cash and cash equivalents	(16,071)	(7,759)
CASH AND CASH EQUIVALENTS, beginning of period	62,056	46,272
CASH AND CASH EQUIVALENTS, end of period	45,985	38,513
Consolidating Adjustments and Other
Condensed Financial Statements, Captions [Line Items]
Net cash used in investing activities	(67,599)	70,500
Net cash provided by (used in) financing activities	$ 67,599	$ (70,500)