Segment Information

9 Months Ended

Sep. 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 the Company's results of operations.

The following table sets forth the Company's North American & European Operations and Australian Operations for the three months ended September 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended September 30, 2012									Three Months Ended September 30, 2011
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	150,323		$	72,422		$	222,745		$	145,807		$	71,403		$	217,210
Income from operations	33,571			19,304			52,875			37,963			18,060			56,023
Depreciation and amortization	12,495			6,485			18,980			11,932			4,691			16,623
Interest expense	(4,621		)	(4,193		)	(8,814		)	(5,988		)	(4,585		)	(10,573		)
Interest income	783			145			928			708			145			853
Provision for income taxes	10,764			4,539			15,303			8,196			4,091			12,287
Expenditures for additions to property & equipment, net of grants from outside parties	24,023			33,320			57,343			12,054			25,194			37,248

The following table sets forth the Company's North American & European Operations and Australian Operations for the nine months ended September 30, 2012 and 2011 (dollars in thousands):

	Nine Months Ended September 30, 2012									Nine Months Ended September 30, 2011
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Revenues	$	439,451		$	208,149		$	647,600		$	417,449		$	201,261		$	618,710
Income from operations	104,782			51,880			156,662			98,635			47,756			146,391
Depreciation and amortization	37,354			17,593			54,947			34,843			13,938			48,781
Interest expense	(14,107		)	(11,945		)	(26,052		)	(17,879		)	(12,886		)	(30,765		)
Interest income	2,407			352			2,759			2,215			271			2,486
Provision for income taxes	33,723			12,328			46,051			21,753			10,439			32,192
Expenditures for additions to property & equipment, net of grants from outside parties	50,761			94,839			145,600			33,865			53,748			87,613

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

	September 30, 2012			December 31, 2011
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$1,162,217	$607,250	$1,769,467	$1,120,121	$523,468	$1,643,589