Business Segments

9 Months Ended

Sep. 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 September 30,			Nine Months Ended September 30,
	2013		2012	2013		2012
Revenues
Lime and limestone operations	$	35,498	32,558	$	99,337	101,192
Natural gas interests	1,401		1,558	4,319		5,450
Total revenues	$	36,899	34,116	$	103,656	106,642
Depreciation, depletion and amortization
Lime and limestone operations	$	3,334	3,457	$	10,048	10,121
Natural gas interests	255		280	793		885
Total depreciation, depletion and amortization	$	3,589	3,737	$	10,841	11,006
Gross profit
Lime and limestone operations	$	8,409	6,972	$	22,439	22,247
Natural gas interests	701		787	1,926		3,068
Total gross profit	$	9,110	7,759	$	24,365	25,315
Capital expenditures
Lime and limestone operations	$	2,657	1,693	$	6,636	6,425
Natural gas interests	21		36	54		64
Total capital expenditures	$	2,678	1,729	$	6,690	6,489