Business Segments

6 Months Ended

Jun. 30, 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):

	Three Months Ended June 30,			Six Months Ended June 30,
	2012		2011	2012		2011
Revenues
Lime and limestone operations	$	34,729	33,382	$	68,634	63,584
Natural gas interests	1,769		3,458	3,892		6,322
Total revenues	$	36,498	36,840	$	72,526	69,906
Depreciation, depletion and amortization
Lime and limestone operations	$	3,410	3,053	$	6,664	6,056
Natural gas interests	291		330	605		695
Total depreciation, depletion and amortization	$	3,701	3,383	$	7,269	6,751
Gross profit
Lime and limestone operations	$	7,324	7,814	$	15,275	15,353
Natural gas interests	1,029		2,585	2,281		4,458
Total gross profit	$	8,353	10,399	$	17,556	19,811
Capital expenditures
Lime and limestone operations	$	2,446	2,005	$	4,732	2,918
Natural gas interests	15		141	28		969
Total capital expenditures	$	2,461	2,146	$	4,760	3,887