Restatement (Tables)

6 Months Ended

Jun. 30, 2012

Restatement [Abstract]

Effects of restatement on the balance sheets

	June 30, 2012
	Previously Reported		Adjustments			Restated
Accounts receivable	$	4,029	$	(560	)	$	3,469
Total current assets		9,052		(560	)		8,492
Accounts receivable, less current portion		2,549		(2,549	)		—
Property and Equipment, net		85,344		685			86,029
Total assets		109,402		(2,424	)		106,978
Current portion of deferred grant and other revenue		890		(560	)		330
Total current liabilities		6,692		(560	)		6,132
Deferred Grant Income and Other Revenue		12,297		(1,864	)		10,433
Total liabilities and equity		109,402		(2,424	)		106,978

Effects of restatement on the statements of operations

	For the three months ended June 30, 2012									For the six months ended June 30, 2012
	Previously Reported			Adjustments			Restated			Previously Reported			Adjustments			Restated
Revenue
Operating Revenues	$	8,214		$	140		$	8,354		$	14,873		$	260		$	15,133
Other Income		3,316			(3,316	)		—			3,439			(3,439	)		—
Total revenues		11,530			(3,176	)		8,354			18,312			(3,179	)		15,133
Operating Expenses
Maintenance of Way		1,765			(3,006	)		(1,241	)		3,206			(3,006	)		200
Maintenance of Equipment		945			—			945			1,841			—			1,841
Transportation		2,557			—			2,557			5,106			—			5,106
General and Administrative		1,141			—			1,141			2,362			—			2,362
Depreciation		834			—			834			1,662			—			1,662
Taxes, other than income taxes		841			—			841			1,514			—			1,514
Car Hire, net		257			—			257			492			—			492
Employee retirement plans		54			—			54			108			—			108
Track usage		13			(147	)		(134	)		261			(147	)		114
Total Operating Expenses		8,407			(3,153	)		5,254			16,552			(3,153	)		13,399
Operating Income (Loss) before Interest Expense, Other Income and Income Taxes		3,123			(23	)		3,100			1,760			(26	)		1,734
Other Income		—			23			23			—			26			26
Interest Expense		53			—			53			106			—			106
Income (Loss) before Income Taxes		3,070			—			3,070			1,654			—			1,654
Income Tax Provision (Benefit)		(29	)		—			(29	)		(545	)		—			(545	)
Net Income		3,099			—			3,099			2,199			—			2,199

Effects of restatement on the statements of cash flows

	For the six months ended June 30, 2012
	Previously Reported			Adjustments			Restated
Cash flows from operating activities:
Net income	$	2,199		$	—		$	2,199
Adjustment to reconcile net income to net cash provided by operating activities:
Non-cash component of Amtrak Agreement		—			(1,108	)		(1,108	)
Accounts receivable		(762	)		863			101
Accounts payable and accrued expenses		(1,115	)		245			(870	)