Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2013 and 2012 (dollars in thousands):

	Three Months Ended June 30, 2013									Three Months Ended June 30, 2012
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Operating revenues	$	317,216		$	83,525		$	400,741		$	145,055		$	72,364		$	217,419
Income from operations	82,122			25,295			107,417			39,898			22,575			62,473
Depreciation and amortization	27,388			6,773			34,161			12,541			5,793			18,334
Interest expense	(13,282		)	(3,921		)	(17,203		)	(4,721		)	(3,901		)	(8,622		)
Interest income	915			35			950			819			145			964
Provision for income taxes	(19,387		)	(5,839		)	(25,226		)	(12,420		)	(6,023		)	(18,443		)
Expenditures for additions to property & equipment, net of grants from outside parties	59,215			13,558			72,773			13,934			32,442			46,376

The following table sets forth the Company's North American & European Operations and Australian Operations for the six months ended June 30, 2013 and 2012 (dollars in thousands):

	Six Months Ended June 30, 2013									Six Months Ended June 30, 2012
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Operating revenues	$	616,311		$	159,638		$	775,949		$	289,128		$	135,727		$	424,855
Income from operations	136,916			46,701			183,617			71,211			32,576			103,787
Depreciation and amortization	54,799			13,585			68,384			24,859			11,108			35,967
Interest expense	(29,093		)	(8,230		)	(37,323		)	(9,486		)	(7,752		)	(17,238		)
Interest income	1,804			189			1,993			1,624			207			1,831
Benefit from/(provision for) income taxes	10,662			(10,956		)	(294		)	(22,959		)	(7,789		)	(30,748		)
Expenditures for additions to property & equipment, net of grants from outside parties	73,926			32,400			106,326			26,738			61,519			88,257

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 June 30, 2013 and December 31, 2012 (dollars in thousands):

	June 30, 2013				December 31, 2012
	North American & European Operations		Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment, net	$	2,797,455	$562,091	$3,359,546	$2,766,693	$629,602	$3,396,295