Business Segments

9 Months Ended

Sep. 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 September 30,			Nine Months Ended September 30,
	2015		2014	2015		2014
Revenues
Lime and limestone operations	$	36,452	37,855	$	97,593	110,226
Natural gas interests	577		1,218	1,950		4,214
Total revenues	$	37,029	39,073	$	99,543	114,440
Depreciation, depletion and amortization
Lime and limestone operations	$	3,786	3,514	$	11,175	10,293
Natural gas interests	181		215	561		659
Total depreciation, depletion and amortization	$	3,967	3,729	$	11,736	10,952
Gross profit
Lime and limestone operations	$	10,320	9,271	$	22,826	26,637
Natural gas interests	47		612	418		2,261
Total gross profit	$	10,367	9,883	$	23,244	28,898
Capital expenditures
Lime and limestone operations	$	1,766	3,171	$	8,069	8,702
Natural gas interests	4		7	11		23
Total capital expenditures	$	1,770	3,178	$	8,080	8,725