Investment In Direct Financing Lease

12 Months Ended

Dec. 31, 2011

Investment In Direct Financing Lease [Abstract]

Investment In Direct Financing Lease

7. INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2011, CCA's investment in a direct financing lease represents net receivables under a building and equipment lease between CCA and the District of Columbia for the D.C. Correctional Treatment Facility.

A schedule of minimum rentals to be received under the direct financing lease in future years is as follows (in thousands):

2012	$	2,793
2013		2,793
2014		2,793
2015		2,793
2016		2,793
Thereafter		694
Total minimum obligation		14,659
Less unearned interest income		(3,861	)
Less current portion of direct financing lease		(1,565	)
Investment in direct financing lease	$	9,233

During the years ended December 31, 2011, 2010, and 2009, CCA recorded interest income of $1.4 million, $1.6 million, and $1.7 million, respectively, under this direct financing lease.