ACQUISITION AND DISPOSITIONS (Tables)

6 Months Ended

Jun. 30, 2013

ACQUISITION AND DISPOSITIONS

Summary of final purchase price allocation

	(In thousands)
Current assets	$	47,073
Property, plant and equipment	591,818
Goodwill	84,016
Other intangible assets	3,600
Other long-term assets	4,861
Total assets acquired	731,368
Current liabilities	53,566
Pension and other post-retirement obligations	55,916
Deferred income taxes	66,976
Other long-term liabilities	4,114
Total liabilities assumed	180,572
Net assets acquired	$	550,796

Schedule of unaudited pro forma results

	Quarter Ended		Six Months Ended
(In thousands, except per share amounts)	June 30, 2012		June 30, 2012
Operating revenues	$	151,563	$	300,910
Income from operations	$	12,037	$	26,113
Loss from continuing operations	$	(1,659)	$	(761	)
Discontinued operations, net of tax	$	585	$	1,292
Net (loss) income	$	(1,074)	$	531
Less: income attributable to noncontrolling interest	120		245
Net (loss) income attributable to common shareholders	$	(1,194)	$	286
Net income per common share - basic and diluted
Loss from continuing operations	$	(0.04)	$	(0.02	)
Discontinued operations, net of tax	0.01		0.03
Net (loss) income per basic and diluted common share attributable to common shareholders	$	(0.03)	$	0.01

Schedule of major classes of the prison services assets and liabilities included in discontinued operations

(In thousands)	June 30, 2013		December 31, 2012
Accounts receivable, net	$	60	$	625
Deferred income taxes	583		583
Property, plant and equipment, net	71		564
Total assets	$	714	$	1,772
Accounts payable	$	-	$	13
Advance billings and customer deposits	165		938
Accrued expense	89		3,258
Total liabilities	$	254	$	4,209

Summary of the financial information for the prison services operations

	Quarter Ended June 30,				Six Months Ended June 30,
(In thousands)	2013		2012		2013		2012
Operating revenues	$	482	$	6,448	$	5,249	$	13,361
Operating expenses including depreciation and amortization	878		5,543		5,577		11,361
(Loss) income from operations	(396)		905		(328)		2,000
Income tax (benefit) expense	(124)		320		(80)		708
(Loss) income from discontinued operations	$	(272)	$	585	$	(248)	$	1,292