Segment Information

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION:

The Company's various railroad lines are divided into 10 operating regions. All of the regions have similar characteristics, however, the Company presents 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 March 31, 2012 and 2011 (dollars in thousands):

	Three Months Ended March 31, 2012									Three Months Ended March 31, 2011
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	144,073		$	63,363		$	207,436		$	132,307		$	59,604		$	191,911
Income from operations	31,313			10,001			41,314			26,935			12,268			39,203
Depreciation and amortization	12,318			5,315			17,633			11,346			4,515			15,861
Interest expense	(4,765		)	(3,851		)	(8,616		)	(5,956		)	(3,983		)	(9,939		)
Interest income	805			62			867			716			59			775
Provision for income taxes	10,539			1,766			12,305			6,072			2,413			8,485
Expenditures for additions to property & equipment, net of grants from outside parties	12,804			29,077			41,881			7,069			1,142			8,211

The following table sets forth the property and equipment recorded in the consolidated balance sheets as of March 31, 2012 and December 31, 2011 (dollars in thousands):

	March 31, 2012			December 31, 2011
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$1,128,919	$551,115	$1,680,034	$1,120,121	$523,468	$1,643,589