Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Information

19.

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Selected quarterly financial information for each of the quarters in the years ended December 31, 2011 and 2010 is as follows (in thousands, except per share data):


	March 31, 2011		June 30, 2011		September 30, 2011		December 31, 2011
Revenue	$	428,074	$	432,803	$	435,043	$	439,693
Operating income		83,467		86,781		80,735		81,072
Net income		40,330		42,418		39,240		40,522

Basic earnings per share:
Net income ⁽²⁾	$	0.37	$	0.40	$	0.38	$	0.41

Diluted earnings per share:
Net income ⁽²⁾	$	0.37	$	0.39	$	0.37	$	0.41


	March 31, 2010		June 30, 2010			September 30, 2010			December 31, 2010
Revenue ⁽¹⁾	$	405,782	$	409,899		$	427,150		$	432,200
Operating income ⁽¹⁾		72,531		78,249			85,189			87,092
Income (loss) from discontinued operations, net of taxes ⁽¹⁾		734		(991	)		(147	)		—
Net income		34,906		36,618			41,964			43,705

Basic earnings per share:
Net income ⁽²⁾	$	0.30	$	0.32		$	0.38		$	0.40

Diluted earnings per share:
Net income ⁽²⁾	$	0.30	$	0.32		$	0.38		$	0.39

⁽¹⁾	The amounts presented for the first and second quarters of 2010 are not equal to the same amounts previously reported in Form 10-Q for each period as a result of discontinued operations. Below is a reconciliation to the previously reported amounts in Form 10-Q.

⁽²⁾	The earnings per share amounts were favorably impacted by the reduction in CCA's weighted average shares outstanding resulting from share repurchases under CCA's share repurchase program.


	March 31, 2010			June 30, 2010
Total revenue previously reported	$	414,947		$	419,382
Discontinued operations		(9,165	)		(9,483	)

Revised total revenue	$	405,782		$	409,899

Operating income previously reported	$	73,716		$	76,643
Discontinued operations		(1,185	)		1,606

Revised operating income	$	72,531		$	78,249

Income (loss) from discontinued operations, net of taxes	$	—		$	—
Additional discontinued operations subsequent to the respective reporting period		734			(991	)

Revised income (loss) from discontinued operations, net of taxes	$	734		$	(991	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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