SEGMENT REPORTING

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

9.SEGMENT REPORTING

The President and Chief Operating Officer of the Company is identified as the Chief Operating Decision Maker ("CODM") as defined by ASU 2023-07, "Improvements to Reportable Segment Disclosures (Topic 280)". 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 June 30, 2025, CoreCivic operated 44 correctional and detention facilities, 40 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 5 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 and six months ended June 30, 2025 and 2024 (in thousands):

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2025			2024			2025			2024
Revenue:
Safety	$	503,339		$	455,373		$	957,523		$	913,119
Community		30,134			30,302			59,842			60,202
Properties		4,692			4,416			9,334			17,455
Total segment revenue		538,165			490,091			1,026,699			990,776
Operating expenses:(1)
Safety		372,653			348,121			720,636			698,219
Community		23,528			24,134			47,141			48,278
Properties		2,143			3,462			5,266			7,297
Total segment operating expenses		398,324			375,717			773,043			753,794
Facility net operating income:
Safety		130,686			107,252			236,887			214,900
Community		6,606			6,168			12,701			11,924
Properties		2,549			954			4,068			10,158
Total facility net operating income		139,841			114,374			253,656			236,982
Other revenue (expense):
Other revenue		—			18			93			19
Other operating expense		(18	)		(18	)		(36	)		(44	)
General and administrative		(43,882	)		(33,910	)		(79,898	)		(70,375	)
Depreciation and amortization		(31,108	)		(32,145	)		(61,626	)		(63,875	)
Interest expense, net		(12,539	)		(17,110	)		(27,770	)		(35,723	)
Expenses associated with debt repayments     and refinancing transactions		—			(4,074	)		—			(31,316	)
Gain on sale of real estate assets, net		—			—			—			568
Other income (expense)		(35	)		444			(70	)		386
Income before income taxes	$	52,259		$	27,579		$	84,349		$	36,622

(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 three and six months ended June 30, 2025 and 2024 (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2025		2024		2025		2024
Safety:
Salaries and benefits	$	226,352	$	214,864	$	447,003	$	433,269
Other segment operating expenses (1)		146,301		133,257		273,633		264,950
Safety operating expenses		372,653		348,121		720,636		698,219
Community:
Salaries and benefits		13,008		13,230		26,212		26,870
Other segment operating expenses (1)		10,520		10,904		20,929		21,408
Community operating expenses	$	23,528	$	24,134	$	47,141	$	48,278

(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 three and six months ended June 30, 2025 and 2024 (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2025		2024		2025		2024
Capital expenditures:
Safety	$	30,121	$	13,983	$	50,151	$	21,480
Community		1,842		795		2,856		2,702
Properties		387		422		698		727
Corporate and other		2,512		3,528		5,686		4,436
Total capital expenditures	$	34,862	$	18,728	$	59,391	$	29,345

The total assets are as follows (in thousands):

	June 30, 2025		December 31, 2024
Assets:
Safety	$	2,344,048	$	2,147,369
Community		206,659		204,782
Properties		305,851		386,913
Corporate and other		215,099		192,827
Total assets	$	3,071,657	$	2,931,891