Line Of Business

12 Months Ended

Dec. 31, 2012

Business Segments [Abstract]

Line Of Business

(9)       Lines of Business

The Company groups its operations into two lines of business - Cement Business and Ready-Mixed Concrete Business.  The Company’s business lines are separate business units that offer different products. The accounting policies for each line are the same as those described in the summary of significant accounting policies. Corporate assets include cash and cash equivalents, deferred income taxes, investments and other assets for 2012, 2011, and 2010.  Corporate assets also include refundable federal and state income taxes for 2012 and 2011.

Following is information for each line for the years ended December 31, 2012, 2011 and 2010:

			Ready-
			Mixed		Adjustments
	Cement		Concrete		and
	Business		Business		Eliminations		Consolidated
For the Year Ended December 31, 2012
Sales to unaffiliated customers	$	53,616,941	$	98,157,043	$	0	$	151,773,984
Intersegment sales		20,027,870		4,563		(20,032,433)		0
Total net sales	$	73,644,811	$	98,161,606	$	(20,032,433)	$	151,773,984
Income (loss) from operations	$	10,243,708	$	(9,941,357)			$	302,351
Other income, net								4,083,366
Income before income taxes							$	4,385,717
Identifiable assets at December 31, 2012	$	88,491,938	$	45,335,459			$	133,827,397
Corporate assets								47,460,748
Total assets at December 31, 2012							$	181,288,145

For the Year Ended December 31, 2011
Sales to unaffiliated customers	$	46,801,814	$	75,263,070	$	0	$	122,064,884
Intersegment sales		15,342,831		42,383		(15,385,214)		0
Total net sales	$	62,144,645	$	75,305,453	$	(15,385,214)	$	122,064,884
Income (loss) from operations	$	1,502,909	$	(4,478,723)			$	(2,975,814)
Other income, net								4,768,122
Income before income taxes							$	1,792,308
Identifiable assets at December 31, 2011	$	84,843,017	$	46,340,254			$	131,183,271
Corporate assets								42,471,539
Total assets at December 31, 2011							$	173,654,810

For the Year Ended December 31, 2010
Sales to unaffiliated customers	$	49,436,170	$	71,748,664	$	0	$	121,184,834
Intersegment sales		14,846,799		14,667		(14,861,466)		0
Total net sales	$	64,282,969	$	71,763,331	$	(14,861,466)	$	121,184,834
Income (loss) from operations	$	6,147,514	$	(6,005,382)			$	142,132
Other expense, net								(218,210)
Loss before income taxes							$	(76,078)
Identifiable assets at December 31, 2010	$	89,992,392	$	37,106,313			$	127,098,705
Corporate assets								47,000,123
Total assets at December 31, 2010								174,098,828

Total sales by line of business before adjustments and eliminations include both sales to unaffiliated customers (as reported in the Company’s consolidated statements of income, comprehensive income and stockholders’ equity) and intersegment sales.  Intersegment sales are accounted for by the same method as sales to unaffiliated customers.

Income from operations is total net sales less operating expenses.  In computing income from operations, none of the following items have been added or deducted:  general corporate income and expenses; interest expense; and income taxes.  Depreciation and depletion for the Cement Business and Ready-Mixed Concrete Business, respectively, was approximately:  $7,160,000 and $4,560,000 in 2012; $7,150,000 and $4,250,000 in 2011; and $7,400,000 and $3,900,000 in 2010. Capital expenditures for the Cement Business and Ready-Mixed Concrete Business, respectively, were:  $6,005,443 and $2,203,112 in 2012; $4,162,430 and $3,820,728 in 2011; and $2,549,023 and $2,920,830 in 2010. Identifiable assets by line of business are those assets that are used in the Company’s operations in each industry.

During 2012, 2011, and 2010, there were no sales to any one customer in excess of 10% of consolidated net sales.