SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2012

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

19.

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Selected quarterly financial information for each of the quarters in the years ended December 31, 2012 and 2011 is as follows (in thousands, except per share data):


	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Revenue	$	435,305	$	442,866	$	444,853	$	436,861
Operating income		69,544		74,885		79,888		80,516
Net income		31,680		37,334		42,339		45,408

Basic earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.46

Diluted earnings per share:
Net income ⁽²⁾	$	0.32	$	0.37	$	0.42	$	0.45


	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Revenue ⁽¹⁾	$	425,180		$	429,944		$	432,137		$	437,082
Operating income ⁽¹⁾		83,645			87,100			80,905			82,377
Loss from discontinued operations, net of taxes ⁽¹⁾		(110	)		(198	)		(107	)		(841	)
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

⁽¹⁾	The amounts presented for the four quarters of 2011 are not equal to the same amounts previously reported in the respective reports on Form 10-Q and Form 10-K 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, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Total revenue previously reported	$	428,074		$	432,803		$	435,043		$	439,693
Discontinued operations		(2,894	)		(2,859	)		(2,906	)		(2,611	)

Revised total revenue	$	425,180		$	429,944		$	432,137		$	437,082

Operating income previously reported	$	83,467		$	86,781		$	80,735		$	81,072
Discontinued operations		178			319			170			1,305

Revised operating income	$	83,645		$	87,100		$	80,905		$	82,377

Income from discontinued operations, net of taxes, previously reported	$	—		$	—		$	—		$	—
Discontinued operations subsequent to the respective reporting period		(110	)		(198	)		(107	)		(841	)

Revised loss from discontinued operations, net of taxes	$	(110	)	$	(198	)	$	(107	)	$	(841	)

- 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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