Business Segments

9 Months Ended

Sep. 30, 2018

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, interest expense or interest income 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	2018		2017		2018		2017
Lime and limestone operations	$	34,713	$	36,428	$	107,984	$	107,910
Natural gas interests		559		506		1,817		1,695
Total revenues	$	35,272	$	36,934	$	109,801	$	109,605
Depreciation, depletion and amortization
Lime and limestone operations	$	4,234	$	4,048	$	12,375	$	11,935
Natural gas interests		155		192		479		595
Total depreciation, depletion and amortization	$	4,389	$	4,240	$	12,854	$	12,530
Gross profit
Lime and limestone operations	$	6,992	$	9,476	$	23,112	$	26,218
Natural gas interests		204		76		758		410
Total gross profit	$	7,196	$	9,552	$	23,870	$	26,628
Capital expenditures
Lime and limestone operations	$	12,309	$	6,362	$	31,687	$	14,502
Natural gas interests		—		—		—		2
Total capital expenditures	$	12,309	$	6,362	$	31,687	$	14,504