Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended June 30, 2012									Three Months Ended June 30, 2011
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	145,055		$	72,364		$	217,419		$	139,335		$	70,254		$	209,589
Income from operations	39,898			22,575			62,473			33,737			17,428			51,165
Depreciation and amortization	12,541			5,793			18,334			11,565			4,732			16,297
Interest expense	(4,721		)	(3,901		)	(8,622		)	(5,935		)	(4,318		)	(10,253		)
Interest income	819			145			964			791			67			858
Provision for income taxes	12,420			6,023			18,443			7,485			3,935			11,420
Expenditures for additions to property & equipment, net of grants from outside parties	13,934			32,442			46,376			14,742			27,412			42,154

The following table sets forth our North American & European Operations and Australian Operations for the six months ended June 30, 2012 and 2011 (dollars in thousands):

	Six Months Ended June 30, 2012									Six Months Ended June 30, 2011
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	289,128		$	135,727		$	424,855		$	271,642		$	129,858		$	401,500
Income from operations	71,211			32,576			103,787			60,672			29,696			90,368
Depreciation and amortization	24,859			11,108			35,967			22,911			9,247			32,158
Interest expense	(9,486		)	(7,752		)	(17,238		)	(11,891		)	(8,301		)	(20,192		)
Interest income	1,624			207			1,831			1,507			126			1,633
Provision for income taxes	22,959			7,789			30,748			13,557			6,348			19,905
Expenditures for additions to property & equipment, net of grants from outside parties	26,738			61,519			88,257			21,811			28,554			50,365

The following table sets forth the property and equipment recorded in the consolidated balance sheets for our North American & European Operations and Australian Operations as of June 30, 2012 and December 31, 2011 (dollars in thousands):

	June 30, 2012			December 31, 2011
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$1,139,298	$573,581	$1,712,879	$1,120,121	$523,468	$1,643,589