Reportable Segment

12 Months Ended

Dec. 31, 2021

Reportable Segment

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.