Business Segments

9 Months Ended

Sep. 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 September 30,			Nine Months Ended September 30,
	2011		2010	2011		2010
Revenues
Lime and limestone operations	$	35,658	30,458	$	99,242	98,090
Natural gas interests	3,524		1,411	9,846		5,320
Total revenues	$	39,182	31,869	$	109,088	103,410
Depreciation, depletion and amortization
Lime and limestone operations	$	3,046	3,018	$	9,102	9,141
Natural gas interests	446		155	1,141		465
Total depreciation, depletion and amortization	$	3,492	3,173	$	10,243	9,606
Gross profit
Lime and limestone operations	$	10,092	7,929	$	25,446	25,136
Natural gas interests	2,447		936	6,905		3,808
Total gross profit	$	12,539	8,865	$	32,351	28,944
Capital expenditures
Lime and limestone operations	$	2,648	1,791	$	5,566	5,119
Natural gas interests	540		246	1,509		2,010
Total capital expenditures	$	3,188	2,037	$	7,075	7,129