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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2017
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 – 10 years

Office furniture and fixtures

5 years

 

Schedule of Financial Instruments Having Difference Between Carrying Amount and Fair Value

At December 31, 2017 and 2016, there were no material differences between the carrying amounts and the estimated fair values of CoreCivic's financial instruments, other than as follows (in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

 

Carrying

Amount

 

 

Fair Value

 

 

Carrying

Amount

 

 

Fair Value

 

Note receivable from APM

 

$

3,059

 

 

$

4,511

 

 

$

2,920

 

 

$

4,647

 

Debt

 

$

(1,459,000

)

 

$

(1,490,063

)

 

$

(1,455,000

)

 

$

(1,459,625

)