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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income from continuing operations before taxes for the years ended December 31, 2011, 2010 and 2009 were as follows (dollars in thousands):



	2011		2010		2009
United States	$	98,050	$	89,132	$	65,041
Foreign	59,974		19,701		10,950
Total	$	158,024	$	108,833	$	75,991

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provision for income taxes on continuing operations for the years ended December 31, 2011, 2010 and 2009 were as follows (dollars in thousands):



	2011		2010			2009
United States:
Current
Federal	$	5,652	$	5,105		$	2,526
State	3,686		2,728			2,724
Deferred
Federal	12,578		14,037			6,764
State	1,535		2,759			2,077
	23,451		24,629			14,091
Foreign:
Current	6,488		8,967			3,947
Deferred	8,592		(3,432		)	(2,122		)
	15,080		5,535			1,825
Total	$	38,531	$	30,164		$	15,916

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a summary of the effective tax rate reconciliation for the years ended December 31, 2011, 2010 and 2009:



	2011		2010		2009
Tax provision at statutory rate	35.0	%	35.0	%	35.0	%
Effect of acquisitions/divestitures	(3.1	)%	—	%	—	%
Effect of foreign operations	(2.9	)%	(1.2	)%	(2.6	)%
State income taxes, net of federal income tax benefit	2.3	%	3.1	%	4.2	%
Benefit of track maintenance credit	(6.5	)%	(9.3	)%	(15.0	)%
Other, net	(0.4	)%	0.1	%	(0.7	)%
Effective income tax rate	24.4	%	27.7	%	20.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of net deferred income taxes as of December 31, 2011 and 2010 were as follows (dollars in thousands):



	2011			2010
Deferred tax assets:
Accruals and reserves not deducted for tax purposes until paid	$	4,290		$	6,845
Net operating loss carryforwards	1,306			1,262
Capital loss carryforward	5,251			6,367
Interest rate swaps	2,547			3,306
Nonshareholder contributions	1,622			1,998
Deferred compensation	2,473			1,963
Postretirement benefits	801			745
Share-based compensation	4,358			4,421
Foreign tax credit	1,964			1,964
Track maintenance credit	38,238			37,639
Other	87			494
	62,937			67,004
Valuation allowance	(5,251		)	(6,367		)
Deferred tax liabilities:
Property basis difference	(321,365		)	(297,476		)
Other	(1,299		)	(2,125		)
Net deferred tax liabilities	$	(264,978	)	$	(238,964	)

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the beginning and ending amount of the Company’s liability for uncertain tax positions is as follows (dollars in thousands):



	2011		2010			2009
Balance at beginning of year	$	—	$	146		$	2,921
Increase for tax positions related to prior years	—		—			—
Increase for tax positions related to the current year	—		—			—
Settlements and lapse of statutes of limitations	—		(146		)	(2,745		)
Reductions for tax positions of prior years	—		—			(30		)
Balance at end of year	$	—	$	—		$	146

Summary of Income Tax Examinations [Table Text Block]

As of December 31, 2011, the following tax years remain open to examination by the major taxing jurisdictions to which the Company is subject:



	Open Tax Years
Jurisdiction	From		To
United States	2008	-	2011
Australia	2009	-	2011
Canada	2007	-	2011
Mexico	2006	-	2011
Netherlands	2008	-	2011

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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