Reportable Segment

6 Months Ended

Jun. 30, 2022

Reportable Segment

Reportable Segment

4. 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 within a single region 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 the Company’s 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 the Company’s 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	2022		2021		2022		2021
Lime and limestone operations	$	59,613	$	48,742	$	109,909	$	90,098
Other		879		420		1,492		738
Total revenues	$	60,492	$	49,162	$	111,401	$	90,836
Depreciation, depletion and amortization
Lime and limestone operations	$	5,330	$	5,020	$	10,369	$	10,157
Other		143		147		287		286
Total depreciation, depletion and amortization	$	5,473	$	5,167	$	10,656	$	10,443
Gross profit
Lime and limestone operations	$	15,975	$	16,682	$	30,172	$	28,506
Other		506		113		776		94
Total gross profit	$	16,481	$	16,795	$	30,948	$	28,600
Operating profit
Lime and limestone operations	$	12,127	$	13,725	$	22,689	$	22,482
Other		506		113		776		94
Total operating profit	$	12,633	$	13,838	$	23,465	$	22,576
Identifiable assets, at period end
Lime and limestone operations	$	223,101	$	202,179	$	223,101	$	202,179
Other		113,632		94,933		113,632		94,933
Total identifiable assets	$	336,733	$	297,112	$	336,733	$	297,112
Capital expenditures
Lime and limestone operations	$	5,968	$	13,233	$	11,485	$	17,776
Other		—		—		—		—
Total capital expenditures	$	5,968	$	13,233	$	11,485	$	17,776