Reportable Segment

12 Months Ended

Dec. 31, 2023

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, 2023, 2022, and 2021 for the Company’s Lime and Limestone Operations segment and Other are as follows:

Revenues		2023		2022		2021
Lime and limestone operations	$	280,202	$	233,421	$	187,365
Other		1,128		2,729		1,890
Total revenues	$	281,330	$	236,150	$	189,255
Depreciation, depletion and amortization
Lime and limestone operations	$	22,980	$	21,368	$	20,052
Other		553		553		578
Total depreciation, depletion and amortization	$	23,533	$	21,921	$	20,630
Gross profit (loss)
Lime and limestone operations	$	102,905	$	68,951	$	58,651
Other		(38)		1,391		609
Total gross profit	$	102,867	$	70,342	$	59,260
Operating profit (loss)
Lime and limestone operations	$	85,474	$	53,404	$	45,835
Other		(52)		1,379		582
Total operating profit	$	85,422	$	54,783	$	46,417
Identifiable assets, at period end
Lime and limestone operations	$	247,148	$	228,984	$	204,815
Other		193,454		138,788		111,381
Total identifiable assets	$	440,602	$	367,772	$	316,196
Capital expenditures
Lime and limestone operations	$	34,250	$	26,815	$	29,914
Other		—		—		—
Total capital expenditures	$	34,250	$	26,815	$	29,914