Reportable Segment

9 Months Ended

Sep. 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 and other (income) expense, net. 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 nine-month periods ended September 30, 2023 and 2022 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Revenues	2023		2022		2023		2022
Lime and limestone operations	$	74,582	$	65,699	$	214,808	$	175,608
Other		296		758		830		2,250
Total revenues	$	74,878	$	66,457	$	215,638	$	177,858
Depreciation, depletion and amortization
Lime and limestone operations	$	5,763	$	5,513	$	17,179	$	15,882
Other		133		133		385		420
Total depreciation, depletion and amortization	$	5,896	$	5,646	$	17,564	$	16,302
Gross profit (loss)
Lime and limestone operations	$	28,160	$	22,166	$	79,339	$	52,338
Other		(5)		424		(61)		1,200
Total gross profit	$	28,155	$	22,590	$	79,278	$	53,538
Operating profit (loss)
Lime and limestone operations	$	23,807	$	18,626	$	66,523	$	41,321
Other		(7)		421		(71)		1,191
Total operating profit	$	23,800	$	19,047	$	66,452	$	42,512
Identifiable assets, at period end
Lime and limestone operations	$	244,039	$	228,797	$	244,039	$	228,797
Other		180,016		127,083		180,016		127,083
Total identifiable assets	$	424,055	$	355,880	$	424,055	$	355,880
Capital expenditures
Lime and limestone operations	$	15,090	$	6,635	$	20,541	$	18,120
Other		—		—		—		—
Total capital expenditures	$	15,090	$	6,635	$	20,541	$	18,120