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INVESTMENT IN DIRECT FINANCING LEASE
12 Months Ended
Dec. 31, 2012
INVESTMENT IN DIRECT FINANCING LEASE
7. INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2012, 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):

 

2013

   $ 2,793   

2014

     2,793   

2015

     2,793   

2016

     2,793   

2017

     694   
  

 

 

 

Total minimum obligation

     11,866   

Less unearned interest income

     (2,633

Less current portion of direct financing lease

     (1,766
  

 

 

 

Investment in direct financing lease

   $ 7,467   
  

 

 

 

During the years ended December 31, 2012, 2011, and 2010, CCA recorded interest income of $1.2 million, $1.4 million, and $1.6 million, respectively, under this direct financing lease.