SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

SEGMENT REPORTING

17. SEGMENT REPORTING

As of December 31, 2015, CCA owned and managed 60 correctional and detention facilities, and managed 11 correctional and detention facilities it did not own. In addition, CCA owned six facilities that it leased to third-party operators. Management views CCA’s operating results in one operating segment. However, the Company has chosen to report financial performance segregated for (1) owned and managed correctional and detention facilities and (2) managed-only correctional and detention facilities as the Company believes this information is useful to users of the financial statements. Owned and managed facilities include the operating results of those facilities placed into service that were owned or controlled via a long-term lease and managed by CCA. Managed-only facilities include the operating results of those facilities owned by a third party and managed by CCA. The operating performance of the owned and managed and the managed-only correctional and detention facilities can be measured based on their net operating income. CCA defines facility net operating income as a facility’s operating income or loss from operations before interest, taxes, asset impairments, depreciation, and amortization.

The revenue and net operating income for the owned and managed and the managed-only facilities and a reconciliation to CCA’s operating income is as follows for the three years ended December 31, 2015, 2014, and 2013 (in thousands):

	For the Years Ended December 31,
	2015			2014			2013
Revenue:
Owned and managed	$	1,543,750		$	1,379,986		$	1,386,355
Managed-only		211,995			232,685			301,454
Total management revenue		1,755,745			1,612,671			1,687,809
Operating expenses:
Owned and managed		1,038,070			928,857			941,638
Managed-only		190,010			207,355			261,903
Total operating expenses		1,228,080			1,136,212			1,203,541
Facility net operating income
Owned and managed		505,680			451,129			444,717
Managed-only		21,985			25,330			39,551
Total facility net operating income		527,665			476,459			484,268
Other revenue (expense):
Rental and other revenue		37,342			34,196			6,488
Other operating expense		(28,048	)		(19,923	)		(16,810	)
General and administrative expense		(103,936	)		(106,429	)		(103,590	)
Depreciation and amortization		(151,514	)		(113,925	)		(112,692	)
Asset impairments		(955	)		(30,082	)		(6,513	)
Operating income	$	280,554		$	240,296		$	251,151

The following table summarizes capital expenditures including accrued amounts for the years ended December 31, 2015, 2014, and 2013 (in thousands):

	For the Years Ended December 31,
	2015		2014		2013
Capital expenditures:
Owned and managed	$	382,781	$	246,333	$	96,975
Managed-only		4,049		3,171		3,719
Corporate and other		28,611		13,056		10,852
Discontinued operations		—		—		72
Total capital expenditures	$	415,441	$	262,560	$	111,618

The total assets are as follows (in thousands):

	December 31,
	2015		2014
Assets:
Owned and managed	$	2,966,762	$	2,745,905
Managed-only		54,491		68,146
Corporate and other		334,765		303,595
Total assets	$	3,356,018	$	3,117,646