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

9 Months Ended

Sep. 30, 2019

Schedule of Future Minimum Lease Payments

The expense incurred for all operating leases, inclusive of short-term and variable leases, was $8.6 million and $7.5 million for the three months ended September 30, 2019 and 2018, respectively, and was $25.8 million and $22.7 million for the nine months ended September 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 September 30, 2019 for the Company's operating lease liabilities, inclusive of $56.9 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)	$	7,885
2020		32,605
2021		25,252
2022		3,801
2023		3,283
Thereafter		24,160
Total future minimum lease payments		96,986
Less amount representing interest		(12,445	)
Total present value of minimum lease payments	$	84,541

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

2019 (remainder)	$	18,775
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 September 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):

	September 30, 2019						December 31, 2018
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Note receivable from Agecroft Prison Management, LTD	$	2,788		$	3,800		$	2,887		$	4,037
Debt	$	(1,875,422	)	$	(1,839,829	)	$	(1,814,795	)	$	(1,744,045	)