XML 30 R12.htm IDEA: XBRL DOCUMENT v3.3.0.814
Amtrak Agreement
9 Months Ended
Sep. 30, 2015
Agreement With Related Party [Abstract]  
Amtrak Agreement

7.

Amtrak Agreement

On April 4, 2012, the Company and National Railroad Passenger Corporation (“Amtrak”) entered into the 2012 Settlement and Amendment Agreement (the “2012 Agreement”) which settles certain disputes between the parties and amends, in part, both an Agreement dated January 3, 1978 (the “1978 Agreement”) and an Agreement dated July 9, 1979 by and between Amtrak and the Company. Under the 1978 Agreement, Amtrak obtained the right to remove the Company certain trackage subject to the requirement of providing replacement facilities.

Pursuant to the Agreement, the Company received a credit for mileage travelled along the Northeast Corridor.  The Company recognized the expense offset relative to Track Usage Fees as the expenses were incurred.  As such, the Company did not record any related assets or liabilities relative to the mileage credit at the date of the settlement. The Company has recorded the following offsets to Track Usage expense:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Mileage credit available

 

$

-

 

 

$

905

 

 

$

418

 

 

$

1,200

 

Utilized

 

 

-

 

 

 

199

 

 

 

418

 

 

 

494

 

Mileage credit remaining

 

$

-

 

 

$

706

 

 

$

-

 

 

$

706

 

 

           No credits remained outstanding as of September 30, 2015.