Business Segments |
(9) Business Segments
The Company has identified two business segments based on the distinctness of their activities and products: lime and limestone operations and natural gas interests. All operations are in the United States. In evaluating the operating results of the Company's segments, management primarily reviews revenues and gross profit. The Company does not allocate corporate overhead or interest costs to its business segments.
Operating results and certain other financial data for the years ended December 31, 2012, 2011 and 2010 for the Company's two business segments are as follows:
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2012 |
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2011 |
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2010 |
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Revenues |
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Lime and limestone operations |
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$ |
131,404 |
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$ |
129,704 |
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$ |
125,169 |
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Natural gas interests |
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7,121 |
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12,878 |
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7,425 |
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Total revenues |
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$ |
138,525 |
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$ |
142,582 |
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$ |
132,594 |
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Depreciation, depletion and amortization |
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Lime and limestone operations |
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$ |
13,559 |
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$ |
12,195 |
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$ |
12,135 |
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Natural gas interests |
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1,291 |
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1,402 |
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1,172 |
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Total depreciation, depletion and amortization |
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$ |
14,850 |
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$ |
13,597 |
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$ |
13,307 |
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Gross profit |
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Lime and limestone operations |
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$ |
29,499 |
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$ |
32,142 |
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$ |
31,209 |
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Natural gas interests |
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3,939 |
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9,207 |
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4,832 |
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Total gross profit |
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$ |
33,438 |
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$ |
41,349 |
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$ |
36,041 |
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Identifiable assets, at year end |
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Lime and limestone operations |
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$ |
130,059 |
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$ |
133,487 |
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$ |
136,103 |
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Natural gas interests |
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11,943 |
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13,789 |
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14,036 |
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Unallocated corporate assets and cash items |
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32,244 |
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55,797 |
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38,359 |
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Total identifiable assets |
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$ |
174,246 |
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$ |
203,073 |
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$ |
188,498 |
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Capital expenditures |
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Lime and limestone operations |
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$ |
8,211 |
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$ |
7,696 |
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$ |
6,777 |
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Natural gas interests |
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81 |
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1,717 |
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2,551 |
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Total capital expenditures |
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$ |
8,292 |
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$ |
9,413 |
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$ |
9,328 |
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