SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Useful Life of Property and Equipment

Useful lives for property and equipment are as follows:

Land improvements	5 – 20 years
Buildings and improvements	5 – 50 years
Equipment and software	3 – 5 years
Office furniture and fixtures	5 years

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value

At December 31, 2013 and 2012, there were no material differences between the carrying amounts and the estimated fair values of CCA’s financial instruments, other than as follows (in thousands):

	December 31,
	2013						2012
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Investment in direct financing lease	$	7,466		$	8,609		$	9,233		$	10,852
Note receivable from APM	$	4,831		$	9,006		$	4,819		$	8,678
Debt	$	(1,205,000	)	$	(1,179,375	)	$	(1,111,545	)	$	(1,152,550	)