Reportable Segment

3 Months Ended

Mar. 31, 2023

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 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, net to its lime and limestone operations. Other identifiable assets include assets related to the Company’s natural gas interests, unallocated corporate assets and cash items.

Operating results and certain other financial data for the three months ended March 31, 2023 and 2022 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended March 31,
Revenues	2023		2022
Lime and limestone operations	$	66,538	$	50,296
Other		239		613
Total revenues	$	66,777	$	50,909
Depreciation, depletion and amortization
Lime and limestone operations	$	5,630	$	5,039
Other		126		144
Total depreciation, depletion and amortization	$	5,756	$	5,183
Gross profit (loss)
Lime and limestone operations	$	24,058	$	14,197
Other		(66)		270
Total gross profit	$	23,992	$	14,467
Operating profit (loss)
Lime and limestone operations	$	19,909	$	10,562
Other		(69)		270
Total operating profit	$	19,840	$	10,832
Identifiable assets, at period end
Lime and limestone operations	$	235,693	$	218,522
Other		152,052		106,225
Total identifiable assets	$	387,745	$	324,747
Capital expenditures
Lime and limestone operations	$	5,451	$	5,517
Other		—		—
Total capital expenditures	$	5,451	$	5,517