Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments

10. Business Segments

The Corporation conducts its aggregates operations through three reportable business segments: Mideast Group, Southeast Group and West Group. The Corporation also has a Specialty Products segment that includes magnesia-based chemicals products and dolomitic lime. These segments are consistent with the Corporation’s current management reporting structure.

The following tables display selected financial data for continuing operations for the Corporation’s reportable business segments. Corporate loss from operations primarily includes depreciation on capitalized interest, expenses for corporate administrative functions, unallocated corporate expenses and other nonrecurring and/or non-operational adjustments.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
		(Dollars in Thousands)
Total revenues:
Mideast Group	$	119,767		$	116,043		$	204,211		$	192,123
Southeast Group		79,388			84,677			152,900			152,255
West Group		291,313			207,482			471,033			338,168
Total Aggregates Business		490,468			408,202			828,144			682,546
Specialty Products		55,249			54,189			111,551			107,788
Total	$	545,717		$	462,391		$	939,695		$	790,334
Net sales:
Mideast Group	$	109,662		$	107,330		$	186,846		$	178,670
Southeast Group		73,748			77,965			141,274			140,675
West Group		257,348			174,670			411,459			282,115
Total Aggregates Business		440,758			359,965			739,579			601,460
Specialty Products		50,462			49,600			102,178			98,741
Total	$	491,220		$	409,565		$	841,757		$	700,201
Earnings (Loss) from operations:
Mideast Group	$	23,770		$	23,100		$	22,920		$	25,152
Southeast Group		(2,262	)		(637	)		(5,989	)		(4,834	)
West Group		34,064			26,357			15,189			13,684
Total Aggregates Business		55,572			48,820			32,120			34,002
Specialty Products		17,451			19,281			35,672			34,410
Corporate		(13,760	)		(3,400	)		(43,852	)		(8,159	)
Total	$	59,263		$	64,701		$	23,940		$	60,253

The asphalt, ready mixed concrete and road paving product lines are considered internal customers of the core aggregates business. Product lines for the Specialty Products segment consist of magnesia-based chemicals, dolomitic lime and other. Net sales by product line are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
		(Dollars in Thousands)
Aggregates	$	356,849	$	331,209	$	614,262	$	554,257
Asphalt		20,235		13,943		32,723		24,854
Ready Mixed Concrete		29,246		7,627		49,490		12,941
Road Paving		34,428		7,186		43,104		9,408
Total Aggregates Business		440,758		359,965		739,579		601,460
Magnesia-Based Chemicals		35,524		34,145		71,923		69,305
Dolomitic Lime		14,443		15,103		29,415		28,882
Other		495		352		840		554
Total Specialty Products		50,462		49,600		102,178		98,741
Total	$	491,220	$	409,565	$	841,757	$	700,201