Business Segments

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Revenues
Lime and limestone operations	$	35,517	$	33,154
Natural gas interests		636		432
Total revenues	$	36,153	$	33,586
Depreciation, depletion and amortization
Lime and limestone operations	$	4,031	$	3,714
Natural gas interests		205		195
Total depreciation, depletion and amortization	$	4,236	$	3,909
Gross profit (loss)
Lime and limestone operations	$	8,020	$	7,929
Natural gas interests		218		(81)
Total gross profit	$	8,238	$	7,848
Capital expenditures
Lime and limestone operations	$	4,206	$	3,931
Natural gas interests		2		4
Total capital expenditures	$	4,208	$	3,935