Business Segment

6 Months Ended

Jun. 30, 2021

Business Segment

Business Segment

4. Business 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 expense and interest and other income (expense), net to its lime and limestone operations. Other revenues, gross profit and operating profit in the Company’s segment disclosures include the Company’s natural gas interests. Other identifiable assets include assets related to its natural gas interests, unallocated corporate assets and cash items.

The following table sets forth operating results and certain other financial data for the Company’s lime and limestone operations segment and other (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Revenues	2021		2020		2021		2020
Lime and limestone operations	$	48,742	$	37,362	$	90,098	$	75,576
Other		420		185		738		411
Total revenues	$	49,162	$	37,547	$	90,836	$	75,987
Depreciation, depletion and amortization
Lime and limestone operations	$	5,087	$	4,616	$	10,289	$	9,084
Other		147		180		286		369
Total depreciation, depletion and amortization	$	5,234	$	4,796	$	10,575	$	9,453
Gross profit (loss)
Lime and limestone operations	$	16,682	$	10,507	$	28,506	$	20,546
Other		113		(150)		94		(312)
Total gross profit	$	16,795	$	10,357	$	28,600	$	20,234
Operating profit (loss)
Lime and limestone operations	$	13,725	$	7,626	$	22,482	$	14,446
Other		113		(150)		94		(312)
Total operating profit	$	13,838	$	7,476	$	22,576	$	14,134
Identifiable assets, at period end
Lime and limestone operations	$	202,179	$	184,397	$	202,179	$	184,397
Other		94,933		74,873		94,933		74,873
Total identifiable assets	$	297,112	$	259,270	$	297,112	$	259,270
Capital expenditures
Lime and limestone operations	$	13,233	$	4,493	$	17,776	$	10,599
Other		—		—		—		—
Total capital expenditures	$	13,233	$	4,493	$	17,776	$	10,599