Business Segments

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
Revenues	2016		2015		2016		2015
Lime and limestone operations	$	32,376	$	31,779	$	65,530	$	61,141
Natural gas interests		504		671		936		1,373
Total revenues	$	32,880	$	32,450	$	66,466	$	62,514
Depreciation, depletion and amortization
Lime and limestone operations	$	3,738	$	3,697	$	7,452	$	7,389
Natural gas interests		191		188		386		380
Total depreciation, depletion and amortization	$	3,929	$	3,885	$	7,838	$	7,769
Gross profit
Lime and limestone operations	$	7,245	$	6,809	$	15,174	$	12,506
Natural gas interests		(4)		204		(85)		371
Total gross profit	$	7,241	$	7,013	$	15,089	$	12,877
Capital expenditures
Lime and limestone operations	$	3,966	$	2,883	$	7,896	$	6,303
Natural gas interests		—		3		4		7
Total capital expenditures	$	3,966	$	2,886	$	7,900	$	6,310