Reportable Segment

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 for the Company’s Lime and Limestone Operations segment and Other are as follows:

Revenues		2022		2021		2020
Lime and limestone operations	$	233,421	$	187,365	$	159,707
Other		2,729		1,890		997
Total revenues	$	236,150	$	189,255	$	160,704
Depreciation, depletion and amortization
Lime and limestone operations	$	21,368	$	20,052	$	18,664
Other		553		578		715
Total depreciation, depletion and amortization	$	21,921	$	20,630	$	19,379
Gross profit (loss)
Lime and limestone operations	$	68,951	$	58,651	$	47,983
Other		1,391		609		(396)
Total gross profit	$	70,342	$	59,260	$	47,587
Operating profit (loss)
Lime and limestone operations	$	53,404	$	45,835	$	35,815
Other(1)		1,379		582		(1,946)
Total operating profit	$	54,783	$	46,417	$	33,869
Identifiable assets, at period end
Lime and limestone operations	$	228,984	$	204,815	$	190,946
Other		138,788		111,381		88,152
Total identifiable assets	$	367,772	$	316,196	$	279,098
Capital expenditures
Lime and limestone operations	$	26,815	$	29,914	$	17,133
Other		—		—		—
Total capital expenditures	$	26,815	$	29,914	$	17,133

(1) Other Operating profit for the year ended December 31, 2020 was adversely impacted by an impairment charge of $1,550 to adjust the carrying value of long-lived assets related to the Company’s natural gas interests.