Reportable Segment

6 Months Ended

Jun. 30, 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- and six-month periods ended June 30, 2023 and 2022 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Revenues	2023		2022		2023		2022
Lime and limestone operations	$	73,688	$	59,613	$	140,226	$	109,909
Other		295		879		534		1,492
Total revenues	$	73,983	$	60,492	$	140,760	$	111,401
Depreciation, depletion and amortization
Lime and limestone operations	$	5,786	$	5,330	$	11,416	$	10,369
Other		126		143		252		287
Total depreciation, depletion and amortization	$	5,912	$	5,473	$	11,668	$	10,656
Gross profit (loss)
Lime and limestone operations	$	27,121	$	15,975	$	51,179	$	30,172
Other		10		506		(56)		776
Total gross profit	$	27,131	$	16,481	$	51,123	$	30,948
Operating profit (loss)
Lime and limestone operations	$	22,802	$	12,127	$	42,708	$	22,689
Other		10		506		(56)		776
Total operating profit	$	22,812	$	12,633	$	42,652	$	23,465
Identifiable assets, at period end
Lime and limestone operations	$	241,953	$	223,101	$	241,953	$	223,101
Other		160,419		113,632		160,419		113,632
Total identifiable assets	$	402,372	$	336,733	$	402,372	$	336,733
Capital expenditures
Lime and limestone operations	$	9,981	$	5,968	$	15,432	$	11,485
Other		—		—		—		—
Total capital expenditures	$	9,981	$	5,968	$	15,432	$	11,485