Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information [Text Block]

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 tables set forth the Company's North American & European Operations and Australian Operations for the three and six months ended June 30, 2014 and 2013 (dollars in thousands):

	Three Months Ended June 30, 2014									Three Months Ended June 30, 2013
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations			Total Operations
Operating revenues	$	331,444		$	83,119		$	414,563		$	317,216		$	83,432		$	400,648
Income from operations	$	84,528		$	25,581		$	110,109		$	82,122		$	25,295		$	107,417
Depreciation and amortization	$	31,040		$	7,172		$	38,212		$	27,388		$	6,773		$	34,161
Interest expense	$	14,280		$	3,534		$	17,814		$	13,282		$	3,921		$	17,203
Interest income	$	192		$	49		$	241		$	915		$	35		$	950
Provision for income taxes	$	(26,007	)	$	(6,560	)	$	(32,567	)	$	(19,379	)	$	(5,839	)	$	(25,218	)
Expenditures for additions to property & equipment, net of grants from outside parties	$	85,412		$	3,047		$	88,459		$	59,215		$	13,558		$	72,773

	Six Months Ended June 30, 2014									Six Months Ended June 30, 2013
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations		Australian Operations			Total Operations
Operating revenues	$	631,431		$	159,411		$	790,842		$	616,311	$	159,287		$	775,598
Income from operations	$	140,218		$	44,766		$	184,984		$	136,916	$	46,701		$	183,617
Depreciation and amortization	$	61,619		$	14,234		$	75,853		$	54,799	$	13,585		$	68,384
Interest expense	$	23,725		$	7,730		$	31,455		$	29,093	$	8,230		$	37,323
Interest income	$	1,094		$	181		$	1,275		$	1,804	$	189		$	1,993
(Provision for)/benefit from income taxes	$	(44,464	)	$	(11,003	)	$	(55,467	)	$	10,670	$	(10,956	)	$	(286	)
Expenditures for additions to property & equipment, net of grants from outside parties	$	139,397		$	7,880		$	147,277		$	73,926	$	32,400		$	106,326

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, 2014 and December 31, 2013 (dollars in thousands):

	June 30, 2014						December 31, 2013
	North American & European Operations		Australian Operations		Total Operations		North American & European Operations		Australian Operations		Total Operations
Property & equipment, net	$	3,200,523	$	577,964	$	3,778,487	$	2,883,452	$	557,292	$	3,440,744