SEGMENT REPORTING

6 Months Ended

Jun. 30, 2021

SEGMENT REPORTING

10. SEGMENT REPORTING

As of June 30, 2021, CoreCivic operated 47 correctional and detention facilities, 42 of which the Company owned.  In addition, CoreCivic owned and operated 26 residential reentry centers and owned 10 properties for lease to third parties.  Management views CoreCivic's operating results in three operating segments, CoreCivic Safety, CoreCivic Community, and CoreCivic Properties.  CoreCivic Safety includes the operating results of those correctional and detention facilities placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic, as well as those correctional and detention facilities owned by a third party and managed by CoreCivic.  CoreCivic Safety also includes the operating results of TransCor America, LLC, a subsidiary of the Company that provides transportation services to governmental agencies.  CoreCivic Community includes the operating results of those residential reentry centers placed into service that were owned, or controlled via a long-term lease, and managed by CoreCivic.  CoreCivic Community also includes the operating results of the Company's electronic monitoring and case management services. CoreCivic Properties includes the operating results of those properties leased to third parties.  The operating performance of the three segments can be measured based on their net operating income.  CoreCivic defines facility net operating income as a facility's revenues less operating expenses.  

The revenue and facility net operating income for each of the three segments and a reconciliation to CoreCivic's income before income taxes is as follows for the three and six months ended June 30, 2021 and 2020 (in thousands):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2021			2020			2021			2020
Revenue:
Safety	$	419,880		$	424,117		$	829,649		$	861,882
Community		24,929			26,004			48,587			56,603
Properties		19,732			22,483			40,987			45,162
Total segment revenue		464,541			472,604			919,223			963,647
Operating expenses:
Safety		307,280			323,739			612,707			654,476
Community		20,024			22,201			41,124			46,650
Properties		5,668			6,906			11,942			13,860
Total segment operating expenses		332,972			352,846			665,773			714,986
Facility net operating income:
Safety		112,600			100,378			216,942			207,406
Community		4,905			3,803			7,463			9,953
Properties		14,064			15,577			29,045			31,302
Total facility net operating income		131,569			119,758			253,450			248,661
Other revenue (expense):
Other revenue		30			37			66			95
Other operating expense		(98	)		(81	)		(181	)		(256	)
General and administrative		(33,228	)		(30,145	)		(62,758	)		(61,424	)
Depreciation and amortization		(34,084	)		(38,619	)		(66,796	)		(76,571	)
Shareholder litigation expense		(2,550	)		—			(54,295	)		—
Asset impairments		(2,866	)		(11,717	)		(4,174	)		(12,253	)
Interest expense, net		(23,222	)		(20,996	)		(41,650	)		(43,534	)
Expenses associated with debt repayments      and refinancing transactions		(52,167	)		—			(52,167	)		—
Gain on sale of real estate assets		38,766			2,818			38,766			2,818
Other income (expense)		(8	)		169			(156	)		702
Income before income taxes	$	22,142		$	21,224		$	10,105		$	58,238

The following table summarizes capital expenditures including accrued amounts for the three and six months ended June 30, 2021 and 2020 (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Capital expenditures:
Safety	$	13,398	$	6,728	$	18,921	$	13,405
Community		494		384		1,084		1,038
Properties		2,290		3,320		3,305		99,269
Corporate and other		1,032		1,562		9,550		3,620
Total capital expenditures	$	17,214	$	11,994	$	32,860	$	117,332

The total assets are as follows (in thousands):

	June 30, 2021		December 31, 2020
Assets:
Safety	$	2,569,361	$	2,589,622
Community		228,974		234,475
Properties		365,770		676,374
Corporate and other		260,091		208,844
Total Assets	$	3,424,196	$	3,709,315