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Reportable Segments
12 Months Ended
Dec. 31, 2019
Reportable Segments  
Reportable Segments

(11) Reportable Segment

The Company has identified one reportable segment based on the distinctness of the Company’s activities and products: lime and limestone operations. All operations are in the United States. In evaluating the operating results of the Company, management primarily reviews revenues, gross profit and operating profit from the lime and limestone operations.  Operating profit from its lime and limestone operations includes all of the Company’s selling, general and administrative costs. The Company does not allocate interest income and expense and other expense to its lime and limestone operations. 

During 2019, the Company’s natural gas interests did not reach any of the quantitative thresholds for a reportable segment, and the Company does not expect the results from its natural gas interests to be of significance in future periods.  The revenues, gross profit and operating profit from the Company’s natural gas interests are included in Other for the Company’s reportable segment disclosures.  Other identifiable assets include assets related to its natural gas interests, unallocated corporate assets and cash items.  Segment disclosures for 2018 and 2017 have been recast to be consistent with the 2019 presentation.

Operating results and certain other financial data for the years ended December 31, 2019, 2018 and 2017 for the Company’s Lime and Limestone Operations segment and Other are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

2019

 

 

2018

 

 

2017

 

Lime and limestone operations

 

$

156,981

 

$

141,922

 

$

142,612

 

Other

 

 

1,296

 

 

2,513

 

 

2,232

 

Total revenues

 

$

158,277

 

$

144,435

 

$

144,844

 

Depreciation, depletion and amortization

 

 

 

 

 

 

 

 

 

 

Lime and limestone operations

 

$

16,432

 

$

16,741

 

$

15,694

 

Other

 

 

962

 

 

650

 

 

646

 

Total depreciation, depletion and amortization

 

$

17,394

 

$

17,391

 

$

16,340

 

Gross profit

 

 

 

 

 

 

 

 

 

 

Lime and limestone operations

 

$

42,043

 

$

29,482

 

$

33,652

 

Other

 

 

(367)

 

 

1,004

 

 

728

 

Total gross profit

 

$

41,676

 

$

30,486

 

$

34,380

 

Operating profit

 

 

 

 

 

 

 

 

 

 

Lime and limestone operations

 

$

30,543

 

 

18,998

 

 

23,499

 

Other (1)

 

 

(1,297)

 

 

1,004

 

 

728

 

Total operating profit

 

$

29,246

 

 

20,002

 

 

24,227

 

Identifiable assets, at year end

 

 

 

 

 

 

 

 

 

 

Lime and limestone operations

 

$

185,657

 

$

169,182

 

$

133,350

 

Other

 

 

61,380

 

 

75,489

 

 

95,096

 

Total identifiable assets

 

$

247,037

 

$

244,671

 

$

228,446

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

Lime and limestone operations

 

$

27,100

 

$

53,762

 

$

21,335

 

Other

 

 

 —

 

 

 —

 

 

 2

 

Total capital expenditures

 

$

27,100

 

$

53,762

 

$

21,337

 


(1)

Other Operating profit for the year ended December 31, 2019 was adversely impacted by an impairment charge of $930 to adjust the carrying value of long-lived assets related to the Company’s natural gas interests.