Business Segments

3 Months Ended

Mar. 31, 2016

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 March 31,
Revenues	2016		2015
Lime and limestone operations	$	33,154	$	29,362
Natural gas interests		432		702
Total revenues	$	33,586	$	30,064
Depreciation, depletion and amortization
Lime and limestone operations	$	3,714	$	3,692
Natural gas interests		195		192
Total depreciation, depletion and amortization	$	3,909	$	3,884
Gross profit
Lime and limestone operations	$	7,929	$	5,697
Natural gas interests		(81)		167
Total gross profit	$	7,848	$	5,864
Capital expenditures
Lime and limestone operations	$	3,931	$	3,420
Natural gas interests		4		4
Total capital expenditures	$	3,935	$	3,424