XML 17 R39.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

Tax Characterization of Dividends per Share on Common Shares

The tax characterization of dividends per share on common shares as reported to shareholders was as follows for the years ended December 31, 2013 and 2012:


Declaration Date	Record Date	Payable Date	Ordinary Income			Return of Capital			Total Per Share
May 11, 2012	June 8, 2012	June 22, 2012		0.20	⁽¹⁾		—		$	0.20
August 20, 2012	September 14, 2012	September 28, 2012		0.20	⁽¹⁾		—		$	0.20
November 6, 2012	November 30, 2012	December 14, 2012		0.20	⁽¹⁾		—		$	0.20
February 22, 2013	April 3, 2013	April 15, 2013		0.346119			0.183881		$	0.53
May 16, 2013	July 3, 2013	July 15, 2013		0.313466			0.166534		$	0.48
August 16, 2013	October 2, 2013	October 15, 2013		0.313466			0.166534		$	0.48
December 12, 2013	January 2, 2014	January 15, 2014		—	⁽²⁾		—	⁽²⁾	$	0.48

⁽¹⁾	The amount constitutes a “Qualified Dividend”, as defined by the Internal Revenue Service.

⁽²⁾	Taxable in 2014.

Summary of Nonvested Restricted Common Stock Transactions

Nonvested restricted common stock transactions as of December 31, 2013 and for the year then ended are summarized below (in thousands, except per share amounts).


	Shares of restricted common stock and units	Weighted average grant date fair value
Nonvested at December 31, 2012	780	$	24.59
Granted	423	$	36.87
Special dividend	139	$	38.90
Cancelled	(99)	$	30.92
Vested	(431)	$	24.31

Nonvested at December 31, 2013	812	$	32.81

Summary of Stock Option Transactions Relating to Non-Qualified Stock Option Plans

Stock option transactions relating to CCA’s non-qualified stock option plans are summarized below (in thousands, except exercise prices):

No. of
options

Weighted-
Average
Exercise Price
of options

Weighted-
Average
Remaining
Contractual
Term

Aggregate
Intrinsic
Value

Outstanding at December 31, 2012

4,047

20.61

Granted

—

Special dividend adjustment

519

—

Exercised

(1,830

)

16.48

Cancelled

(134

)

22.33

Outstanding at December 31, 2013

2,602

19.31

5.8

33,197

Exercisable at December 31, 2013

1,923

18.47

5.1

26,141

Schedule of Estimated Fair Value of Option Grant Using Black-Scholes Option Pricing Model

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:


	2013		2012			2011
Expected dividend yield		—		3.0	%		0.0	%
Expected stock price volatility		—		42.2	%		42.1	%
Risk-free interest rate		—		1.0	%		2.1	%
Expected life of options		—		5 years			5 years

Summary of Nonvested Stock Option Transactions Relating to Non-Qualified Stock Option Plans

Nonvested stock option transactions relating to CCA’s non-qualified stock option plans as of December 31, 2013 and changes during the year ended December 31, 2013 are summarized below (in thousands, except grant date fair values):


	Number of options	Weighted average grant date fair value
Nonvested at December 31, 2012	1,321	$	7.91
Granted	—	$	—
Special dividend adjustment	133	$	—
Cancelled	(133)	$	7.23
Vested	(642)	$	7.51

Nonvested at December 31, 2013	679	$	6.88