Segment Information

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION:

The Company's various railroad lines are divided into nine operating regions. Since each region has similar characteristics, they previously had been aggregated into one reportable segment. Beginning January 1, 2011, the Company has decided to present 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 our results of operations.

The following table sets forth our North American & European Operations and Australian Operations for the three months ended June 30, 2011 and 2010 (dollars in thousands):

	Three Months Ended June 30, 2011									Three Months Ended June 30, 2010
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations		Total Operations
Revenues	$	139,335		$	70,254		$	209,589		$	127,004		$	31,449	$	158,453
Income from operations	33,737			17,428			51,165			31,153			6,720		37,873
Depreciation and amortization	11,565			4,732			16,297			10,908			1,544		12,452
Interest expense	(5,935		)	(4,318		)	(10,253		)	(5,411		)	—		(5,411		)
Interest income	791			67			858			56			415		471
Provision for income taxes	7,485			3,935			11,420			9,981			2,086		12,067
Expenditures for additions to property & equipment, net of grants from outside parties	14,742			27,412			42,154			5,181			1,204		6,385

The following table sets forth our North American & European Operations and Australian Operations for the six months ended June 30, 2011 and 2010 (dollars in thousands):

	Six Months Ended June 30, 2011									Six Months Ended June 30, 2010
	North American & European Operations			Australian Operations			Total Operations			North American & European Operations			Australian Operations		Total Operations
Revenues	$	271,642		$	129,858		$	401,500		$	244,240		$	59,792	$	304,032
Income from operations	60,672			29,696			90,368			55,164			12,815		67,979
Depreciation and amortization	22,911			9,247			32,158			21,823			3,077		24,900
Interest expense	(11,891		)	(8,301		)	(20,192		)	(10,773		)	—		(10,773		)
Interest income	1,507			126			1,633			111			783		894
Provision for income taxes	13,557			6,348			19,905			17,692			4,016		21,708
Expenditures for additions to property & equipment, net of grants from outside parties	21,811			28,554			50,365			5,877			4,736		10,613

The following table sets forth the property and equipment recorded in the consolidated balance sheets as of June 30, 2011 and December 31, 2010 (dollars in thousands):

	June 30, 2011			December 31, 2010
	North American & European Operations	Australian Operations	Total Operations	North American & European Operations	Australian Operations	Total Operations
Property & equipment	$1,012,010	$491,378	$1,503,388	$1,000,350	$443,827	$1,444,177