Segment Information

9 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION:

The Company's various railroad lines are divided into 10 operating regions. Since all of the regions have similar characteristics, they previously had been aggregated into one reportable segment. Beginning January 1, 2011, the Company decided to present its financial information as two reportable segments, North American & European Operations and Australian Operations.

The results of operations of the foreign entities are maintained in the respective local currency (the Australian dollar, the Canadian dollar and the Euro) and then translated into United States dollars at the applicable exchange rates for inclusion in the consolidated financial statements. As a result, any appreciation or depreciation of these currencies against the United States dollar will impact our results of operations.

The following table sets forth our North American & European Operations and Australian Operations for the three months ended September 30, 2011 and 2010 (dollars in thousands):

	Three Months Ended September 30, 2011									Three Months Ended September 30, 2010
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	145,807		$	71,403		$	217,210		$	124,647		$	31,845		$	156,492
Income from operations	37,963			18,060			56,023			33,604			4,908			38,512
Depreciation and amortization	11,932			4,691			16,623			10,861			1,645			12,506
Interest expense	(5,988		)	(4,585		)	(10,573		)	(5,472		)	(2		)	(5,474		)
Interest income	708			145			853			116			587			703
Provision for income taxes	8,196			4,091			12,287			10,459			1,650			12,109
Expenditures for additions to property & equipment, net of grants from outside parties	12,054			25,194			37,248			17,408			4,423			21,831

The following table sets forth our North American & European Operations and Australian Operations for the nine months ended September 30, 2011 and 2010 (dollars in thousands):

	Nine Months Ended September 30, 2011									Nine Months Ended September 30, 2010
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	417,449		$	201,261		$	618,710		$	368,887		$	91,637		$	460,524
Income from operations	98,635			47,756			146,391			88,768			17,723			106,491
Depreciation and amortization	34,843			13,938			48,781			32,684			4,722			37,406
Interest expense	(17,879		)	(12,886		)	(30,765		)	(16,245		)	(2		)	(16,247		)
Interest income	2,215			271			2,486			227			1,370			1,597
Provision for income taxes	21,753			10,439			32,192			28,151			5,666			33,817
Expenditures for additions to property & equipment, net of grants from outside parties	33,865			53,748			87,613			23,285			9,159			32,444

The following table sets forth the property and equipment recorded in the consolidated balance sheets as of September 30, 2011 and December 31, 2010 (dollars in thousands):

	September 30, 2011			December 31, 2010
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$1,099,702	$461,865	$1,561,567	$1,000,350	$443,827	$1,444,177