CCA Announces $100 Million Increase in Share Repurchase Program

CCA CXW announced today its Board of Directors has authorized an increase in the aggregate amount the Company may repurchase under its previously announced share repurchase program from $250.0 million to $350.0 million. The Company's Board also authorized the extension of the share repurchase program through December 31, 2012. Since announcing the share repurchase program on February 9, 2010, as of May 13, 2011, the Company has repurchased a total of approximately 9.9 million of its common shares at an aggregate cost of approximately $212.3 million. Therefore, an aggregate of $137.7 million will be available under the repurchase program.