Reportable Segment |
(9) 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. Other identifiable assets includes assets related to the Company’s natural gas interests, unallocated corporate assets, and cash items. Operating results and certain other financial data for the years ended December 31, 2021, 2020 and 2019 for the Company’s Lime and Limestone Operations segment and Other are as follows: | | | | | | | | | | | | | | | | | | | | | | Revenues | | | 2021 | | | 2020 | | | 2019 | | Lime and limestone operations | | $ | 187,365 | | $ | 159,707 | | $ | 156,981 | | Other | | | 1,890 | | | 997 | | | 1,296 | | Total revenues | | $ | 189,255 | | $ | 160,704 | | $ | 158,277 | | Depreciation, depletion and amortization | | | | | | | | | | | Lime and limestone operations | | $ | 20,052 | | $ | 18,664 | | $ | 16,432 | | Other | | | 578 | | | 715 | | | 962 | | Total depreciation, depletion and amortization | | $ | 20,630 | | $ | 19,379 | | $ | 17,394 | | Gross profit (loss) | | | | | | | | | | | Lime and limestone operations | | $ | 58,651 | | $ | 47,983 | | $ | 42,043 | | Other | | | 609 | | | (396) | | | (367) | | Total gross profit | | $ | 59,260 | | $ | 47,587 | | $ | 41,676 | | Operating profit (loss) | | | | | | | | | | | Lime and limestone operations | | $ | 45,835 | | $ | 35,815 | | $ | 30,543 | | Other (1) | | | 582 | | | (1,946) | | | (1,297) | | Total operating profit | | $ | 46,417 | | $ | 33,869 | | $ | 29,246 | | Identifiable assets, at period end | | | | | | | | | | | Lime and limestone operations | | $ | 204,815 | | $ | 190,946 | | $ | 185,657 | | Other | | | 111,381 | | | 88,152 | | | 61,380 | | Total identifiable assets | | $ | 316,196 | | $ | 279,098 | | $ | 247,037 | | Capital expenditures | | | | | | | | | | | Lime and limestone operations | | $ | 29,914 | | $ | 17,133 | | $ | 27,100 | | Other | | | — | | | — | | | — | | Total capital expenditures | | $ | 29,914 | | $ | 17,133 | | $ | 27,100 | | | | | | | | | | | | |
(1) | | Other Operating profit for the years ended December 31, 2020 and 2019 were adversely impacted by impairment charges of $1,550 and $930, respectively, to adjust the carrying value of long-lived assets related to the Company’s natural gas interests. |
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