Business Segments

3 Months Ended

Mar. 31, 2015

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,
	2015		2014
Revenues
Lime and limestone operations	$	29,362	$	35,051
Natural gas interests	702		1,640
Total revenues	$	30,064	$	36,691
Depreciation, depletion and amortization
Lime and limestone operations	$	3,692	$	3,332
Natural gas interests	192		224
Total depreciation, depletion and amortization	$	3,884	$	3,556
Gross profit
Lime and limestone operations	$	5,697	$	7,662
Natural gas interests	167		930
Total gross profit	$	5,864	$	8,592
Capital expenditures
Lime and limestone operations	$	3,420	$	2,852
Natural gas interests	4		4
Total capital expenditures	$	3,424	$	2,856