Business Segments

6 Months Ended

Jun. 30, 2011

Business Segments

Business Segments

4. Business Segments

The Company has two operating segments engaged in distinct business activities:  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 interest or public company costs to its business segments.

The following table sets forth operating results and certain other financial data for the Company’s two business segments (in thousands):

	Three Months Ended June 30,			Six Months Ended June 30,
	2011		2010	2011		2010
Revenues
Lime and limestone operations	$	33,382	36,151	$	63,584	67,632
Natural gas interests	3,458		1,775	6,322		3,909
Total revenues	$	36,840	37,926	$	69,906	71,541
Depreciation, depletion and amortization
Lime and limestone operations	$	3,053	3,107	$	6,056	6,123
Natural gas interests	330		152	695		310
Total depreciation, depletion and amortization	$	3,383	3,259	$	6,751	6,433
Gross profit
Lime and limestone operations	$	7,814	9,303	$	15,353	17,207
Natural gas interests	2,585		1,256	4,458		2,872
Total gross profit	$	10,399	10,559	$	19,811	20,079
Capital expenditures
Lime and limestone operations	$	2,005	1,816	$	2,918	3,327
Natural gas interests	141		503	969		1,764
Total capital expenditures	$	2,146	2,319	$	3,887	5,091