Business Segments

6 Months Ended

Jun. 30, 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):

	Three Months Ended June 30,			Six Months Ended June 30,
	2013		2012	2013		2012
Revenues
Lime and limestone operations	$	33,684	34,729	$	63,839	68,634
Natural gas interests	1,488		1,769	2,918		3,892
Total revenues	$	35,172	36,498	$	66,757	72,526
Depreciation, depletion and amortization
Lime and limestone operations	$	3,334	3,410	$	6,714	6,664
Natural gas interests	265		291	538		605
Total depreciation, depletion and amortization	$	3,599	3,701	$	7,252	7,269
Gross profit
Lime and limestone operations	$	8,363	7,324	$	14,030	15,275
Natural gas interests	601		1,029	1,225		2,281
Total gross profit	$	8,964	8,353	$	15,255	17,556
Capital expenditures
Lime and limestone operations	$	2,464	2,446	$	3,979	4,732
Natural gas interests	29		15	33		28
Total capital expenditures	$	2,493	2,461	$	4,012	4,760