BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Future Minimum Lease Payments

The expense incurred for all operating leases, inclusive of short-term and variable leases, was $8.4 million and $7.7 million for the three months ended March 31, 2019 and 2018, respectively.  The cash payments for operating leases are reflected as cash flows from operating activities on the accompanying consolidated statements of cash flows and cash payments for financing leases are reflected as cash flows from financing activities.  Future minimum lease payments as of March 31, 2019 for the Company's operating lease liabilities, inclusive of $71.3 million of payments expected to be made under the cancelable lease at the South Texas facility (excluding the non-lease food services component), are as follows (in thousands):

2019 (remainder)	$	23,499
2020		31,278
2021		22,836
2022		1,413
2023		878
Thereafter		2,357
Total future minimum lease payments		82,261
Less amount representing interest		(5,911	)
Total present value of minimum lease payments	$	76,350

Schedule of Future Undiscounted Cash Flows to be Received from Third-Party Lessees for Company's Operating Leases

Future undiscounted cash flows to be received from third-party lessees as of March 31, 2019 for the Company's operating leases are as follows (in thousands):

2019 (remainder)	$	55,941
2020		73,904
2021		67,541
2022		61,108
2023		58,671
Thereafter		410,147

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

At March 31, 2019 and December 31, 2018, 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):

	March 31, 2019						December 31, 2018
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Note receivable from Agecroft Prison Management, LTD	$	2,953		$	4,129		$	2,887		$	4,037
Debt	$	(1,856,060	)	$	(1,808,872	)	$	(1,814,795	)	$	(1,744,045	)