Business Segments

3 Months Ended

Mar. 31, 2012

Business Segments

Business Segments

4.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.

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

	Quarter Ended  March 31,
	2012		2011
Revenues
Lime and limestone operations	$	33,905	$	30,202
Natural gas interests	2,123		2,864
Total revenues	$	36,028	$	33,066
Depreciation, depletion and amortization
Lime and limestone operations	$	3,254	$	3,003
Natural gas interests	314		365
Total depreciation, depletion and amortization	$	3,568	$	3,368
Gross profit
Lime and limestone operations	$	7,951	$	7,539
Natural gas interests	1,252		1,873
Total gross profit	$	9,203	$	9,412
Capital expenditures
Lime and limestone operations	$	2,286	$	913
Natural gas interests	13		828
Total capital expenditures	$	2,299	$	1,741