Reportable Segment

3 Months Ended

Mar. 31, 2024

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 income and expense and other expense 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, 2024 and 2023 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended March 31,
Revenues	2024		2023
Lime and limestone operations	$	71,470	$	66,538
Other		217		239
Total revenues	$	71,687	$	66,777
Depreciation, depletion and amortization
Lime and limestone operations	$	5,857	$	5,630
Other		122		126
Total depreciation, depletion and amortization	$	5,979	$	5,756
Gross profit (loss)
Lime and limestone operations	$	30,683	$	24,058
Other		(76)		(66)
Total gross profit	$	30,607	$	23,992
Operating profit (loss)
Lime and limestone operations	$	25,839	$	19,909
Other		(80)		(69)
Total operating profit	$	25,759	$	19,840
Identifiable assets, at period end
Lime and limestone operations	$	252,551	$	235,693
Other		211,445		152,052
Total identifiable assets	$	463,996	$	387,745
Capital expenditures
Lime and limestone operations	$	6,824	$	5,451
Other		—		—
Total capital expenditures	$	6,824	$	5,451