Business Segment

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
Revenues	2021		2020		2021		2020
Lime and limestone operations	$	51,749	$	43,473	$	141,847	$	119,049
Other		562		254		1,300		665
Total revenues	$	52,311	$	43,727	$	143,147	$	119,714
Depreciation, depletion and amortization
Lime and limestone operations	$	4,844	$	4,706	$	15,002	$	13,681
Other		145		174		430		543
Total depreciation, depletion and amortization	$	4,989	$	4,880	$	15,432	$	14,224
Gross profit (loss)
Lime and limestone operations	$	17,128	$	14,256	$	45,634	$	34,802
Other		213		(74)		307		(386)
Total gross profit	$	17,341	$	14,182	$	45,941	$	34,416
Operating profit (loss)
Lime and limestone operations	$	13,983	$	11,347	$	36,465	$	25,793
Other		213		(74)		307		(386)
Total operating profit	$	14,196	$	11,273	$	36,772	$	25,407
Identifiable assets, at period end
Lime and limestone operations	$	204,841	$	194,819	$	204,841	$	194,819
Other		106,067		76,888		106,067		76,888
Total identifiable assets	$	310,908	$	271,707	$	310,908	$	271,707
Capital expenditures
Lime and limestone operations	$	5,955	$	3,022	$	23,731	$	13,621
Other		—		—		—		—
Total capital expenditures	$	5,955	$	3,022	$	23,731	$	13,621