SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 15: SEGMENT REPORTING

We have four operating (and reportable) segments organized around our principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium.

The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other). During 2015, the Aggregates segment principally served markets in twenty states, Washington D.C. and Mexico with a full line of aggregates, and six additional states with railroad ballast. Customers use aggregates primarily in the construction and maintenance of highways, streets and other public works and in the construction of housing and commercial, industrial and other nonresidential facilities. Customers are served by truck, rail and water distribution networks from our production facilities and sales yards. Due to the high weight-to-value ratio of aggregates, markets generally are local in nature. Quarries located on waterways and rail lines allow us to serve remote markets where local aggregates reserves may not be available. We sell a relatively small amount of construction aggregates outside the United States. Nondomestic revenues were $11,408,000 in 2015, $14,699,000 in 2014 and $12,339,000 in 2013.

The Asphalt Mix segment produces and sells asphalt mix in four states primarily in our southwestern and western markets.

The Concrete segment produces and sells ready-mixed concrete in six states, Washington D.C. and an immaterial amount in the Bahamas. In January 2015, we swapped our ready-mixed concrete operations in California (see Note 19) for asphalt mix operations, primarily in Arizona. In March 2014, we sold our concrete business in the Florida area (see Note 19) which in addition to ready-mixed concrete, included concrete block, precast concrete, as well as building materials purchased for resale.

The Calcium segment consists of a Florida facility that mines, produces and sells calcium products. Prior to the sale of our cement business in March 2014 (see Note 19), we produced and sold Portland and masonry cement in both bulk and bags from our Florida cement plant and imported and exported cement, clinker and slag and either resold, ground, blended, bagged or reprocessed those materials from other Florida facilities.

Aggregates comprise approximately 95% of asphalt mix by weight and 80% of ready-mixed concrete by weight. Our Asphalt Mix and Concrete segments are primarily supplied with their aggregates requirements from our Aggregates segment. These intersegment sales are made at local market prices for the particular grade and quality of product utilized in the production of asphalt mix and ready-mixed concrete. Customers for our Asphalt Mix and Concrete segments are generally served locally at our production facilities or by truck. Because asphalt mix and ready-mixed concrete harden rapidly, delivery is time constrained and generally confined to a radius of approximately 20 to 25 miles from the producing facility.

The vast majority of our activities are domestic. Long-lived assets outside the United States, which consist primarily of property, plant & equipment, were $160,125,000 in 2015, $139,427,000 in 2014 and $140,504,000 in 2013. Equity method investments of $22,967,000 in 2015, $22,924,000 in 2014 and $22,962,000 in 2013 are included below in the identifiable assets for the Aggregates segment.

SEGMENT FINANCIAL DISCLOSURE

in thousands	2015	2014	2013
Total Revenues
Aggregates 1	$  2,777,758	$  2,346,411	$  2,025,026
Asphalt Mix 2	530,692	445,538	407,657
Concrete 2, 3	299,252	375,806	471,748
Calcium 4	8,596	25,032	99,004
Segment sales	$  3,616,298	$  3,192,787	$  3,003,435
Aggregates intersegment sales	(194,117)	(189,393)	(185,385)
Calcium intersegment sales	0	(9,225)	(47,341)
Total revenues	$  3,422,181	$  2,994,169	$  2,770,709
Gross Profit
Aggregates	$     755,666	$     544,070	$     413,301
Asphalt Mix 2	78,225	38,080	32,704
Concrete 2, 3	20,152	2,233	(24,774)
Calcium 4	3,490	3,199	5,649
Total	$     857,533	$     587,582	$     426,880
Depreciation, Depletion, Accretion and Amortization (DDA&A)
Aggregates	$     228,466	$     227,042	$     224,808
Asphalt Mix 2	16,378	10,719	8,697
Concrete 2, 3	11,374	19,892	32,996
Calcium 4	679	1,554	18,093
Other	17,926	20,290	22,514
Total	$     274,823	$     279,497	$     307,108
Capital Expenditures 5
Aggregates	$     269,014	$     180,026	$     253,000
Asphalt Mix 2	8,111	20,796	17,089
Concrete 2, 3	19,053	19,542	13,054
Calcium 4	0	201	198
Corporate	7,846	2,532	1,277
Total	$     304,024	$     223,097	$     284,618
Identifiable Assets 6
Aggregates	$  7,540,273	$  7,311,336	$  7,006,724
Asphalt Mix 2	251,716	264,172	195,046
Concrete 2, 3	198,193	227,000	370,103
Calcium 4	5,509	5,818	413,296
Total identifiable assets	7,995,691	7,808,326	7,985,169
General corporate assets	21,881	91,498	54,207
Cash items	284,060	141,273	193,738
Total assets	$  8,301,632	$  8,041,097	$  8,233,114

1	Includes product sales, as well as freight, delivery and transportation revenues, and other revenues related to services.
2	In January 2015, we exchanged our California ready-mixed concrete operations for 13 asphalt mix plants, primarily in Arizona (see Note 19).
3	In March 2014, we sold our concrete business in the Florida area (see Note 19).
4	Includes cement and calcium products. In March 2014, we sold our cement business (see Note 19).
5	Capital expenditures include capitalized replacements of and additions to property, plant & equipment, including capitalized leases, renewals and betterments. Capital expenditures exclude property, plant & equipment obtained by business acquisitions.
6	Certain temporarily idled assets are included within a segment's Identifiable Assets but the associated DDA&A is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit.