Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION:

The Company's various railroad lines are divided into 11 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 March 31, 2013 and 2012 (dollars in thousands):

	Three Months Ended March 31, 2013									Three Months Ended March 31, 2012
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Operating revenues	$	299,095		$	76,113		$	375,208		$	144,073		$	63,363		$	207,436
Income from operations	54,794			21,406			76,200			31,313			10,001			41,314
Depreciation and amortization	27,411			6,812			34,223			12,318			5,315			17,633
Interest expense	(15,811		)	(4,309		)	(20,120		)	(4,765		)	(3,851		)	(8,616		)
Interest income	888			155			1,043			805			62			867
Benefit from/(provision for) income taxes	30,049			(5,117		)	24,932			(10,539		)	(1,766		)	(12,305		)
Expenditures for additions to property & equipment, net of grants from outside parties	14,711			18,842			33,553			12,804			29,077			41,881

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 March 31, 2013 and December 31, 2012 (dollars in thousands):

	March 31, 2013			December 31, 2012
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$2,760,992	$638,612	$3,399,604	$2,766,693	$629,602	$3,396,295