INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Summary Of Components of Income Tax Expense (Benefit)

Income tax expense is comprised of the following components (in thousands):

	For the Years Ended December 31,
	2024			2023			2022
Current income tax expense
Federal	$	26,621		$	25,037		$	25,681
State		4,182			5,899			5,840
		30,803			30,936			31,521
Deferred income tax expense (benefit)
Federal		(7,100	)		(2,156	)		11,484
State		(608	)		(547	)		(23	)
		(7,708	)		(2,703	)		11,461
Income tax expense	$	23,095		$	28,233		$	42,982

Summary Of Components of Deferred Tax Assets and Liabilities

Significant components of CoreCivic's deferred tax assets and liabilities as of December 31, 2024 and 2023, are as follows (in thousands):

	December 31,
	2024			2023
Noncurrent deferred tax assets:
Asset reserves and liabilities not yet deductible for tax	$	22,458		$	14,915
Accrued compensation not yet deductible for tax		14,252			12,419
Accrued workers compensation liabilities not       yet deductible for tax		11,126			11,333
Depreciation		8,296			8,669
ROU lease assets		5,887			25,282
Losses and tax credit carryforwards		1,367			1,591
Intangible assets		6,882			7,669
Other		7,522			9,010
Total noncurrent deferred tax assets		77,790			90,888
Less valuation allowance		(1,066	)		(848	)
Total noncurrent deferred tax assets		76,724			90,040
Noncurrent deferred tax liabilities:
Depreciation		(150,481	)		(151,918	)
Lease liabilities		(5,290	)		(24,721	)
Intangible liabilities		(7,411	)		(7,860	)
Other		(2,749	)		(2,456	)
Total noncurrent deferred tax liabilities		(165,931	)		(186,955	)
Net total noncurrent deferred tax liabilities	$	(89,207	)	$	(96,915	)

Summary Of Reconciliation of Income Tax Provision at Statutory Income Tax Rate and Effective Tax Rate

A reconciliation of the income tax provision at the statutory income tax rate and the effective tax rate as a percentage of income from continuing operations before income taxes for the years ended December 31, 2024, 2023, and 2022 is as follows:

	2024			2023			2022
Statutory federal rate		21.0	%		21.0	%		21.0	%
State taxes, net of federal tax benefit		2.9			4.5			3.4
Permanent differences		5.9			4.3			1.7
Tax benefit of equity-based compensation		(2.5	)		(0.3	)		—
Other items, net		(2.2	)		—			(0.1	)
		25.1	%		29.5	%		26.0	%