SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014 and 2013, 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,
	2014						2013
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Investment in direct financing lease	$	5,473		$	6,048		$	7,466		$	8,609
Note receivable from APM	$	3,677		$	6,539		$	4,831		$	9,006
Debt	$	(1,200,000	)	$	(1,179,625	)	$	(1,205,000	)	$	(1,179,375	)