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INVESTMENT IN DIRECT FINANCING LEASE
12 Months Ended
Dec. 31, 2015
INVESTMENT IN DIRECT FINANCING LEASE
8. INVESTMENT IN DIRECT FINANCING LEASE

At December 31, 2015, 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):

 

2016

   $ 2,793   

2017

     694   
  

 

 

 

Total minimum obligation

     3,487   

Less unearned interest income

     (264

Less current portion of direct financing lease

     (2,539
  

 

 

 

Investment in direct financing lease

   $ 684   
  

 

 

 

During the years ended December 31, 2015, 2014, and 2013, CCA recorded interest income of $0.5 million, $0.8 million, and $1.0 million, respectively, under this direct financing lease.