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

6 Months Ended

Jun. 30, 2019

Schedule of Future Minimum Lease Payments

The expense incurred for all operating leases, inclusive of short-term and variable leases, was $8.5 million and $7.5 million for the three months ended June 30, 2019 and 2018, respectively, and was $17.2 million and $15.3 million for the six months ended June 30, 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 June 30, 2019 for the Company's operating lease liabilities, inclusive of $64.2 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)	$	15,736
2020		31,304
2021		22,856
2022		1,430
2023		895
Thereafter		2,448
Total future minimum lease payments		74,669
Less amount representing interest		(4,999	)
Total present value of minimum lease payments	$	69,670

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 June 30, 2019 for the Company's operating leases are as follows (in thousands):

2019 (remainder)	$	37,663
2020		74,952
2021		68,669
2022		62,324
2023		59,886
Thereafter		416,037

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

At June 30, 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):

	June 30, 2019						December 31, 2018
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Note receivable from Agecroft Prison Management, LTD	$	2,877		$	3,921		$	2,887		$	4,037
Debt	$	(1,922,167	)	$	(1,897,824	)	$	(1,814,795	)	$	(1,744,045	)