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INVESTMENT IN DIRECT FINANCING LEASE
12 Months Ended
Dec. 31, 2014
INVESTMENT IN DIRECT FINANCING LEASE
7. INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2014, 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):

 

2015

$ 2,793   

2016

  2,793   

2017

  694   

2018

  —     

2019

  —     
  

 

 

 

Total minimum obligation

  6,280   

Less unearned interest income

  (807

Less current portion of direct financing lease

  (2,250
  

 

 

 

Investment in direct financing lease

$ 3,223   
  

 

 

 

 

During the years ended December 31, 2014, 2013, and 2012, CCA recorded interest income of $0.8 million, $1.0 million, and $1.2 million, respectively, under this direct financing lease.