Business Segments

12 Months Ended

Dec. 31, 2018

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, 2018, 2017 and 2016 for the Company’s two business segments are as follows:

Revenues		2018		2017		2016
Lime and limestone operations	$	141,922	$	142,612	$	137,190
Natural gas interests		2,513		2,232		2,092
Total revenues	$	144,435	$	144,844	$	139,282
Depreciation, depletion and amortization
Lime and limestone operations	$	16,741	$	15,694	$	15,063
Natural gas interests		650		646		868
Total depreciation, depletion and amortization	$	17,391	$	16,340	$	15,931
Gross profit
Lime and limestone operations	$	29,482	$	33,652	$	33,032
Natural gas interests		1,004		728		60
Total gross profit	$	30,486	$	34,380	$	33,092
Identifiable assets, at year end
Lime and limestone operations	$	169,182	$	133,350	$	126,015
Natural gas interests		6,596		7,085		7,768
Unallocated corporate assets and cash items		68,893		88,011		76,376
Total identifiable assets	$	244,671	$	228,446	$	210,159
Capital expenditures
Lime and limestone operations	$	53,762	$	21,335	$	17,649
Natural gas interests		—		2		15
Total capital expenditures	$	53,762	$	21,337	$	17,664