XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUE:                      
Management and other                 $ 1,757,221 $ 1,722,139 $ 1,660,760
Rental                 2,664 2,204 2,557
Total Revenues 436,861 444,853 442,866 435,305 437,082 [1] 432,137 [1] 429,944 [1] 425,180 [1] 1,759,885 1,724,343 1,663,317
EXPENSES:                      
Operating                 1,252,184 1,190,873 1,151,163
General and administrative                 88,935 91,227 84,148
Depreciation and amortization                 113,933 108,216 103,710
Costs and Expenses, Total                 1,455,052 1,390,316 1,339,021
OPERATING INCOME 80,516 79,888 74,885 69,544 82,377 [1] 80,905 [1] 87,100 [1] 83,645 [1] 304,833 334,027 324,296
OTHER (INCOME) EXPENSE:                      
Interest expense, net                 58,363 72,940 71,127
Expenses associated with debt refinancing transactions                 2,099    
Other (income) expense                 (338) 304 41
Total non-operating expense (income)                 60,124 73,244 71,168
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES                 244,709 260,783 253,128
Income tax expense                 (87,586) (97,017) (94,765)
INCOME FROM CONTINUING OPERATIONS                 157,123 163,766 158,363
Loss from discontinued operations, net of taxes         (841) [1] (107) [1] (198) [1] (110) [1] (362) (1,256) (1,170)
NET INCOME $ 45,408 $ 42,339 $ 37,334 $ 31,680 $ 40,522 $ 39,240 $ 42,418 $ 40,330 $ 156,761 $ 162,510 $ 157,193
BASIC EARNINGS PER SHARE:                      
Income from continuing operations                 $ 1.58 $ 1.56 $ 1.41
Loss from discontinued operations, net of taxes                   $ (0.01) $ (0.01)
Net income $ 0.46 [2] $ 0.42 [2] $ 0.37 [2] $ 0.32 [2] $ 0.41 [2] $ 0.38 [2] $ 0.40 [2] $ 0.37 [2] $ 1.58 $ 1.55 $ 1.40
DILUTED EARNINGS PER SHARE:                      
Income from continuing operations                 $ 1.56 $ 1.55 $ 1.40
Loss from discontinued operations, net of taxes                   $ (0.01) $ (0.01)
Net income $ 0.45 [2] $ 0.42 [2] $ 0.37 [2] $ 0.32 [2] $ 0.41 [2] $ 0.37 [2] $ 0.39 [2] $ 0.37 [2] $ 1.56 $ 1.54 $ 1.39
DIVIDENDS PER SHARE     $ 0.20           $ 0.60    
[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.