SEGMENT REPORTING

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

15.SEGMENT REPORTING

The CEO of the Company is identified as the CODM as defined by ASU 2023-07. The CODM routinely reviews segment net operating income compared to budget and prior periods to assess performance and allocate resources within reportable segments. As of December 31, 2024, CoreCivic operated 42 correctional and detention facilities, 38 of which the Company owned or controlled via a long-term lease. In addition, CoreCivic operated 21 residential reentry centers, which it owned or controlled via a long-term lease, and owned 6 properties held for lease to government agencies. Management views CoreCivic's operating results in three operating segments, CoreCivic Safety, CoreCivic Community, and CoreCivic Properties, each of which is a reportable segment. 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 held for lease to government agencies. 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 years ended December 31, 2024, 2023, and 2022 (in thousands):

	For the Years Ended December 31,
	2024			2023			2022
Revenue:
Safety	$	1,816,850		$	1,731,421		$	1,684,035
Community		118,656			115,068			103,263
Properties		26,085			49,875			57,873
Total segment revenue		1,961,591			1,896,364			1,845,171
Operating expenses:(1)
Safety		1,382,520			1,356,496			1,313,567
Community		96,932			91,895			86,016
Properties		13,823			13,829			13,682
Total segment operating expenses		1,493,275			1,462,220			1,413,265
Facility net operating income:
Safety		434,330			374,925			370,468
Community		21,724			23,173			17,247
Properties		12,262			36,046			44,191
Total facility net operating income		468,316			434,144			431,906
Other revenue (expense):
Other revenue		55			271			158
Other operating expense		(82	)		(210	)		(527	)
General and administrative		(152,081	)		(136,084	)		(127,700	)
Depreciation and amortization		(128,011	)		(127,316	)		(127,906	)
Shareholder litigation expense		—			—			(1,900	)
Asset impairments		(3,108	)		(2,710	)		(4,392	)
Interest expense, net		(67,415	)		(72,960	)		(84,974	)
Expenses associated with debt repayments    and refinancing transactions		(31,316	)		(686	)		(8,077	)
Gain on sale of real estate assets, net		3,262			798			87,728
Other income		2,343			576			986
Income before income taxes	$	91,963		$	95,823		$	165,302

(1) Salaries and benefits expense is the only significant reportable segment expense regularly reviewed by the CODM for both the Safety and Community segments and represents the majority of segment-level operating expenses given that substantial staff are required to operate the facilities and is the primary factor that drives operating expenses and profitability. Conversely, the Properties segment does not have a significant segment expense given the fact that those properties are operated by government agencies. The following table summarizes the significant segment expense, along with other segment operating expenses to reconcile to total segment operating expenses for both the Safety and Community segments, for the years ended December 31, 2024, 2023 and 2022 (in thousands):

	For the Years Ended December 31,
	2024		2023		2022
Safety:
Salaries and benefits	$	876,954	$	830,418	$	781,544
Other segment operating expenses(1)		505,566		526,078		532,023
Safety operating expenses		1,382,520		1,356,496		1,313,567
Community:
Salaries and benefits		53,521		48,971		43,650
Other segment operating expenses(1)		43,411		42,924		42,366
Community operating expenses	$	96,932	$	91,895	$	86,016

(1) Other segment operating expenses for each reportable segment include, but are not limited to, utilities, property taxes, repairs and maintenance, food, medical, vocational and educational programming, personal care and other resident supplies.

The following table summarizes capital expenditures including accrued amounts for the years ended December 31, 2024, 2023, and 2022 (in thousands):

	For the Years Ended December 31,
	2024		2023		2022
Capital expenditures:
Safety	$	51,368	$	51,070	$	70,399
Community		4,484		3,138		2,362
Properties		4,542		2,324		3,560
Corporate and other		10,028		11,217		7,123
Total capital expenditures	$	70,422	$	67,749	$	83,444

The total assets are as follows (in thousands):

	December 31,
	2024		2023
Assets:
Safety	$	2,147,369	$	2,284,243
Community		204,782		213,145
Properties		386,913		402,889
Corporate and other		192,827		205,122
Total assets	$	2,931,891	$	3,105,399