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Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Asset Acquisition

On February 17, 2015, the Company acquired eight correctional and detention facilities (the "LCS Facilities") totaling more than
6,500 beds from LCS Corrections Services, Inc., a privately-held owner and operator of correctional and detention facilities in
the United States, and its affiliates (collectively, "LCS"). Pursuant to the terms of the definitive asset purchase agreement signed
on January 26, 2015, the Company acquired the LCS Facilities for approximately $310.0 million in an all cash transaction, excluding
transaction related expenses. The Company has also acquired certain tangible and intangible assets pursuant to the asset purchase
agreement. Additionally, LCS has the opportunity to receive an additional payment if the LCS Facilities exceed certain
performance targets after the closing over a period of 18 months (the "Earnout Payment"). The aggregate amount of the purchase
price paid at closing and the Earnout Payment, if achieved, will not exceed $350 million. Approximately $298 million of outstanding
debt related to the facilities was repaid at closing using the cash consideration paid by the Company. The Company did not assume
any debt as the result of the transaction. The Company financed the acquisition of the LCS Facilities with borrowings under its
revolving credit facility. The Company is in process of completing its preliminary purchase price allocation.

Options and Restricted Stock Awards

On February 6, 2015, the Compensation Committee of the Board of Directors resolved to grant approximately 255,000 options and 395,000 shares of restricted stock to certain employees of the Company effective March 2, 2015. Of the total shares of restricted stock granted, approximately 124,000 are performance-based awards which vest subject to the achievement of certain total shareholder return and return on capital employed metrics over a three year period.
Dividend
On February 6, 2015, the Board of Directors declared a quarterly cash dividend of $0.62 per share of common stock, which is to be paid on February 27, 2015 to shareholders of record as of the close of business on February 17, 2015.
Contract Awards
On January 28, 2015, the Company announced that it had signed a contract for the re-activation of the company-owned, 400-bed Mesa Verde Detention Facility in California. The facility will house immigration detainees under an intergovernmental service agreement between the City of McFarland and ICE. The Company completed a $10 million renovation of the facility at the end of 2014 and expects to begin the intake of detainees at the Facility during the second quarter of 2015. The facility was previously included in the Company's idle facilities.