Business Segments

3 Months Ended

Mar. 31, 2013

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,
	2013		2012
Revenues
Lime and limestone operations	$	30,155	$	33,905
Natural gas interests	1,430		2,123
Total revenues	$	31,585	$	36,028
Depreciation, depletion and amortization
Lime and limestone operations	$	3,380	$	3,254
Natural gas interests	273		314
Total depreciation, depletion and amortization	$	3,653	$	3,568
Gross profit
Lime and limestone operations	$	5,667	$	7,951
Natural gas interests	624		1,252
Total gross profit	$	6,291	$	9,203
Capital expenditures
Lime and limestone operations	$	1,515	$	2,286
Natural gas interests	4		13
Total capital expenditures	$	1,519	$	2,299