Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [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 nine months ended September 30, 2014 and 2013 (dollars in thousands):

	Three Months Ended September 30, 2014						Three Months Ended September 30, 2013
	North American & European Operations		Australian Operations		Total Operations		North American & European Operations		Australian Operations		Total Operations
Operating revenues	$	351,065	$	81,478	$	432,543	$	319,079	$	82,298	$	401,377
Income from operations	$	100,507	$	22,609	$	123,116	$	77,024	$	24,717	$	101,741
Depreciation and amortization	$	33,205	$	7,072	$	40,277	$	30,704	$	6,630	$	37,334
Interest expense	$	10,118	$	2,536	$	12,654	$	12,473	$	3,556	$	16,029
Interest income	$	32	$	50	$	82	$	926	$	66	$	992
Provision for income taxes	$	31,001	$	5,944	$	36,945	$	17,287	$	4,944	$	22,231
Expenditures for additions to property & equipment, net of grants from outside parties	$	73,240	$	7,661	$	80,901	$	31,277	$	8,954	$	40,231

	Nine Months Ended September 30, 2014						Nine Months Ended September 30, 2013
	North American & European Operations		Australian Operations		Total Operations		North American & European Operations		Australian Operations		Total Operations
Operating revenues	$	982,496	$	240,889	$	1,223,385	$	935,390	$	241,585	$	1,176,975
Income from operations	$	240,725	$	67,375	$	308,100	$	213,940	$	71,418	$	285,358
Depreciation and amortization	$	94,824	$	21,306	$	116,130	$	85,503	$	20,215	$	105,718
Interest expense	$	33,843	$	10,266	$	44,109	$	41,566	$	11,786	$	53,352
Interest income	$	1,126	$	231	$	1,357	$	2,730	$	255	$	2,985
Provision for income taxes	$	75,465	$	16,947	$	92,412	$	6,617	$	15,900	$	22,517
Expenditures for additions to property & equipment, net of grants from outside parties	$	212,637	$	15,541	$	228,178	$	105,203	$	41,354	$	146,557

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 September 30, 2014 and December 31, 2013 (dollars in thousands):

	September 30, 2014						December 31, 2013
	North American & European Operations		Australian Operations		Total Operations		North American & European Operations		Australian Operations		Total Operations
Property and equipment, net	$	3,239,823	$	535,304	$	3,775,127	$	2,883,452	$	557,292	$	3,440,744