Business Segments

6 Months Ended

Jun. 30, 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):

	Three Months Ended June 30,			Six Months Ended June 30,
	2015		2014	2015		2014
Revenues
Lime and limestone operations	$	31,779	37,320	$	61,141	72,371
Natural gas interests	671		1,356	1,373		2,996
Total revenues	$	32,450	38,676	$	62,514	75,367
Depreciation, depletion and amortization
Lime and limestone operations	$	3,697	3,447	$	7,389	6,779
Natural gas interests	188		220	380		444
Total depreciation, depletion and amortization	$	3,885	3,667	$	7,769	7,223
Gross profit
Lime and limestone operations	$	6,809	9,704	$	12,506	17,366
Natural gas interests	204		719	371		1,649
Total gross profit	$	7,013	10,423	$	12,877	19,015
Capital expenditures
Lime and limestone operations	$	2,883	2,615	$	6,303	5,531
Natural gas interests	3		12	7		16
Total capital expenditures	$	2,886	2,627	$	6,310	5,547