Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

5. DISCONTINUED OPERATIONS

In November 2011, CCA announced its joint decision with the state of Mississippi to cease operations at the state-owned 1,172-bed Delta Correctional Facility in Greenwood, Mississippi. In December 2011, CCA began the process of transferring the population of approximately 900 inmates from the facility, which was completed in January 2012. Accordingly, the results of operations, net of taxes, and the assets and liabilities of the Delta facility have been reported as discontinued operations in the first quarter of 2012 for all periods presented.

The following table summarizes the results of operations for this facility for the three months ended March 31, 2012 and 2011 (in thousands):

	For the Three Months Ended March 31,
	2012			2011
REVENUE:
Managed-only	$	193		$	2,894
		193			2,894
EXPENSES:
Managed-only		861			2,943
Depreciation and amortization		—			129
		861			3,072
OPERATING LOSS		(668	)		(178	)
Other income		91			—
LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES		(577	)		(178	)
Income tax benefit		215			68
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES	$	(362	)	$	(110	)

The assets and liabilities of the discontinued operations presented in the accompanying consolidated balance sheets are as follows (in thousands):

	March 31, 2012		December 31, 2011
ASSETS
Cash and cash equivalents	$	3	$	30
Accounts receivable		—		3,353
Prepaid expenses and other current assets		13		115
Total current assets		16		3,498
Property and equipment, net		—		178
Other assets		—		3
Total assets	$	16	$	3,679
LIABILITIES
Accounts payable and accrued expenses	$	1,196	$	2,031
Total current liabilities	$	1,196	$	2,031

These assets and liabilities include those of the Delta facility, along with the assets and liabilities of the Gadsden Correctional Institution and the Hernando County Jail, both of which we ceased operating during the third quarter of 2010, and the Bay County Jail, which we ceased operating in 2008. We did not own any of these facilities.