XML 25 R79.htm IDEA: XBRL DOCUMENT v2.4.1.9
Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]                      
Income from continuing operations                 $ 195,022us-gaap_IncomeLossFromContinuingOperations $ 304,592us-gaap_IncomeLossFromContinuingOperations $ 156,966us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of taxes           (663)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (2,739)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (355)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity   (3,757)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (205)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income 30,006us-gaap_NetIncomeLoss [1] 57,546us-gaap_NetIncomeLoss 55,732us-gaap_NetIncomeLoss 51,738us-gaap_NetIncomeLoss 47,471us-gaap_NetIncomeLoss 51,843us-gaap_NetIncomeLoss 20,429us-gaap_NetIncomeLoss [2] 181,092us-gaap_NetIncomeLoss [3] 195,022us-gaap_NetIncomeLoss 300,835us-gaap_NetIncomeLoss 156,761us-gaap_NetIncomeLoss
Weighted average shares and assumed conversions                 117,312cxw_WeightedAverageSharesAndAssumedConversionsDiluted 111,250cxw_WeightedAverageSharesAndAssumedConversionsDiluted 100,623cxw_WeightedAverageSharesAndAssumedConversionsDiluted
Income from continuing operations                 $ 1.68us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.77us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.58us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations, net of taxes                   $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare  
Net income $ 0.26us-gaap_EarningsPerShareBasic [1] $ 0.50us-gaap_EarningsPerShareBasic $ 0.48us-gaap_EarningsPerShareBasic $ 0.45us-gaap_EarningsPerShareBasic $ 0.41us-gaap_EarningsPerShareBasic $ 0.45us-gaap_EarningsPerShareBasic $ 0.19us-gaap_EarningsPerShareBasic [2] $ 1.81us-gaap_EarningsPerShareBasic [3] $ 1.68us-gaap_EarningsPerShareBasic $ 2.74us-gaap_EarningsPerShareBasic $ 1.58us-gaap_EarningsPerShareBasic
Income from continuing operations                 $ 1.66us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.73us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.56us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations, net of taxes                   $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare  
Net income $ 0.25us-gaap_EarningsPerShareDiluted [1] $ 0.49us-gaap_EarningsPerShareDiluted $ 0.48us-gaap_EarningsPerShareDiluted $ 0.44us-gaap_EarningsPerShareDiluted $ 0.41us-gaap_EarningsPerShareDiluted $ 0.44us-gaap_EarningsPerShareDiluted $ 0.19us-gaap_EarningsPerShareDiluted [2] $ 1.78us-gaap_EarningsPerShareDiluted [3] $ 1.66us-gaap_EarningsPerShareDiluted $ 2.70us-gaap_EarningsPerShareDiluted $ 1.56us-gaap_EarningsPerShareDiluted
Basic Earnings Per Share                      
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]                      
Income from continuing operations                 195,022us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
304,592us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
156,966us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
Loss from discontinued operations, net of taxes                   (3,757)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
(205)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
Net income                 195,022us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
300,835us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
156,761us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
Weighted average common shares outstanding, basic                 116,109us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
109,617us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
99,545us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_BasicEarningsPerShareMember
Diluted Earnings Per Share                      
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]                      
Income from continuing operations                 195,022us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
304,592us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
156,966us-gaap_IncomeLossFromContinuingOperations
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
Loss from discontinued operations, net of taxes                   (3,757)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
(205)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
Net income                 $ 195,022us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
$ 300,835us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
$ 156,761us-gaap_NetIncomeLoss
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
Weighted average common shares outstanding, diluted                 116,109us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
109,617us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
99,545us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ cxw_BasicAndDilutedEarningsPerShareAxis
= cxw_DilutedEarningsPerShareMember
Stock options                      
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]                      
Effect of dilutive securities                 895us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
1,279us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
864us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
Restricted stock based compensation                      
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]                      
Effect of dilutive securities                 308us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
354us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
214us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
[1] The earnings amounts in the fourth quarter of 2014 were unfavorably impacted by $27.8 million of non-cash impairments recorded to write down the book values of two of CCA's non-core facilities to the estimated fair values, as discussed in Note 5.
[2] The earnings amounts in the second quarter of 2013 were negatively impacted by $36.3 million of expenses associated with debt refinancing transactions.
[3] The earnings amounts in the first quarter of 2013 were favorably impacted by the net tax benefit resulting from the revaluation of certain deferred tax assets and liabilities associated with the REIT conversion effective January 1, 2013.