Business Segments

12 Months Ended

Dec. 31, 2016

Business Segments

Business Segments

(10) 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.

Operating results and certain other financial data for the years ended December 31, 2016, 2015 and 2014 for the Company’s two business segments are as follows:

Revenues		2016		2015		2014
Lime and limestone operations	$	137,190	$	128,390	$	144,567
Natural gas interests		2,092		2,447		5,274
Total revenues	$	139,282	$	130,837	$	149,841
Depreciation, depletion and amortization
Lime and limestone operations	$	15,063	$	14,910	$	13,811
Natural gas interests		868		874		895
Total depreciation, depletion and amortization	$	15,931	$	15,784	$	14,706
Gross profit
Lime and limestone operations	$	33,032	$	28,400	$	33,958
Natural gas interests		60		314		2,833
Total gross profit	$	33,092	$	28,714	$	36,791
Identifiable assets, at year end
Lime and limestone operations	$	126,015	$	125,703	$	128,961
Natural gas interests		7,768		8,540		9,762
Unallocated corporate assets and cash items		76,376		62,256		61,263
Total identifiable assets	$	210,159	$	196,499	$	199,986
Capital expenditures
Lime and limestone operations	$	17,649	$	11,444	$	15,352
Natural gas interests		15		15		25
Total capital expenditures	$	17,664	$	11,459	$	15,377