Business Segments

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
Revenues	2017		2016		2017		2016
Lime and limestone operations	$	36,428	$	38,096	$	107,910	$	103,626
Natural gas interests		506		554		1,695		1,490
Total revenues	$	36,934	$	38,650	$	109,605	$	105,116
Depreciation, depletion and amortization
Lime and limestone operations	$	4,048	$	3,827	$	11,935	$	11,279
Natural gas interests		192		190		595		576
Total depreciation, depletion and amortization	$	4,240	$	4,017	$	12,530	$	11,855
Gross profit (loss)
Lime and limestone operations	$	9,476	$	10,503	$	26,218	$	25,677
Natural gas interests		76		66		410		(19)
Total gross profit	$	9,552	$	10,569	$	26,628	$	25,658
Capital expenditures
Lime and limestone operations	$	6,362	$	4,320	$	14,502	$	12,216
Natural gas interests		—		10		2		14
Total capital expenditures	$	6,362	$	4,330	$	14,504	$	12,230