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INVESTMENT IN DIRECT FINANCING LEASE
12 Months Ended
Dec. 31, 2013
INVESTMENT IN DIRECT FINANCING LEASE
7. INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2013, 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):

 

2014

   $ 2,793   

2015

     2,793   

2016

     2,793   

2017

     694   

2018

     —     
  

 

 

 

Total minimum obligation

     9,073   

Less unearned interest income

     (1,607

Less current portion of direct financing lease

     (1,993
  

 

 

 

Investment in direct financing lease

   $ 5,473   
  

 

 

 

During the years ended December 31, 2013, 2012, and 2011, CCA recorded interest income of $1.0 million, $1.2 million, and $1.4 million, respectively, under this direct financing lease.