SEGMENT REPORTING

12 Months Ended

Dec. 31, 2016

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 2016, the Aggregates segment principally served markets in twenty states, Washington D.C. and Mexico with a full line of aggregates, and two 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.

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 insix 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. Before 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 used 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. We sell a relatively small amount of construction aggregates outside the United States. Total domestic revenues were $3,579,427,000in 2016, $3,410,773,000 in 2015 and $2,979,470,000in 2014. Nondomestic Aggregates segment revenues were $13,240,000 in 2016,  $11,408,000 in 2015 and $14,699,000 in 2014; there were nosignificant nondomestic revenues in our Asphalt Mix, Concrete or Calcium segments. Long-lived assets outside the United States, which consist primarily of property, plant & equipment, were $188,652,000 in 2016,  $160,125,000 in 2015 and $139,427,000 in 2014. Equity method investments of $22,965,000 in 2016,  $22,967,000 in 2015 and $22,924,000 in 2014 are included below in the identifiable assets for the Aggregates segment.

SEGMENT FINANCIAL DISCLOSURE

in thousands	2016	2015	2014
Total Revenues
Aggregates 1	$  2,961,835	$  2,777,758	$  2,346,411
Asphalt Mix 2	512,310	530,692	445,538
Concrete 2, 3	330,125	299,252	375,806
Calcium 4	8,860	8,596	25,032
Segment sales	$  3,813,130	$  3,616,298	$  3,192,787
Aggregates intersegment sales	(220,463)	(194,117)	(189,393)
Calcium intersegment sales	0	0	(9,225)
Total revenues	$  3,592,667	$  3,422,181	$  2,994,169
Gross Profit
Aggregates	$     873,118	$     755,666	$     544,070
Asphalt Mix 2	97,682	78,225	38,080
Concrete 2, 3	26,543	20,152	2,233
Calcium 4	3,474	3,490	3,199
Total	$  1,000,817	$     857,533	$     587,582
Depreciation, Depletion, Accretion and Amortization (DDA&A)
Aggregates	$     236,472	$     228,466	$     227,042
Asphalt Mix 2	16,797	16,378	10,719
Concrete 2, 3	12,129	11,374	19,892
Calcium 4	774	679	1,554
Other	18,768	17,926	20,290
Total	$     284,940	$     274,823	$     279,497
Capital Expenditures 5
Aggregates	$     297,737	$     269,014	$     180,026
Asphalt Mix 2	29,002	8,111	20,796
Concrete 2, 3	10,047	19,053	19,542
Calcium 4	534	0	201
Corporate	7,621	7,846	2,532
Total	$     344,941	$     304,024	$     223,097
Identifiable Assets 6
Aggregates	$  7,589,225	$  7,540,273	$  7,311,336
Asphalt Mix 2	259,514	251,716	264,172
Concrete 2, 3	192,673	198,193	227,000
Calcium 4	4,959	5,509	5,818
Total identifiable assets	$  8,046,371	$  7,995,691	$  7,808,326
General corporate assets	166,118	21,881	91,498
Cash and cash equivalents	258,986	284,060	141,273
Total assets	$  8,471,475	$  8,301,632	$  8,041,097

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.