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Segments (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Financial Data for Continuing Operation for Company's Reportable Segments

The following tables display selected financial data for the Company’s reportable segments.  The acquired Bluegrass operations are located in the Mid-America Group and Southeast Group.  Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment revenues which represent sales from one segment to another segment, which are eliminated. Prior-year information has been reclassified to conform to current year revenue presentation.

 

years ended December 31

(add 000)

Total revenues

 

2018

 

 

2017

 

 

2016

 

Mid-America Group

 

$

1,223,236

 

 

$

1,053,326

 

 

$

1,017,098

 

Southeast Group

 

 

423,382

 

 

 

362,555

 

 

 

321,078

 

West Group

 

 

2,309,924

 

 

 

2,279,723

 

 

 

2,223,515

 

Total Building Materials Business

 

 

3,956,542

 

 

 

3,695,604

 

 

 

3,561,691

 

Magnesia Specialties

 

 

287,723

 

 

 

269,990

 

 

 

257,058

 

Total

 

$

4,244,265

 

 

$

3,965,594

 

 

$

3,818,749

 

 

Gross profit (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

366,918

 

 

$

335,394

 

 

$

306,560

 

Southeast Group

 

 

77,193

 

 

 

74,642

 

 

 

57,286

 

West Group

 

 

416,212

 

 

 

465,596

 

 

 

466,790

 

Total Building Materials Business

 

 

860,323

 

 

 

875,632

 

 

 

830,636

 

Magnesia Specialties

 

 

98,682

 

 

 

89,398

 

 

 

89,603

 

Corporate

 

 

7,572

 

 

 

6,910

 

 

 

(8,501

)

Total

 

$

966,577

 

 

$

971,940

 

 

$

911,738

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

55,775

 

 

$

53,937

 

 

$

52,712

 

Southeast Group

 

 

18,727

 

 

 

17,144

 

 

 

17,245

 

West Group

 

 

107,613

 

 

 

102,650

 

 

 

95,631

 

Total Building Materials Business

 

 

182,115

 

 

 

173,731

 

 

 

165,588

 

Magnesia Specialties

 

 

9,999

 

 

 

9,537

 

 

 

9,617

 

Corporate

 

 

88,440

 

 

 

78,860

 

 

 

66,401

 

Total

 

$

280,554

 

 

$

262,128

 

 

$

241,606

 

 

Earnings (Loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

319,139

 

 

$

284,789

 

 

$

258,422

 

Southeast Group

 

 

75,840

 

 

 

61,238

 

 

 

41,653

 

West Group

 

 

295,801

 

 

 

360,544

 

 

 

379,417

 

Total Building Materials Business

 

 

690,780

 

 

 

706,571

 

 

 

679,492

 

Magnesia Specialties

 

 

88,063

 

 

 

79,431

 

 

 

79,306

 

Corporate

 

 

(88,106

)

 

 

(85,621

)

 

 

(81,532

)

Total

 

$

690,737

 

 

$

700,381

 

 

$

677,266

 

 

Earnings from operations for the West Group for 2018 reflect asset and portfolio rationalization impairment charges of $18,838,000.

 

(add 000)

Depreciation, depletion and amortization

 

2018

 

 

2017

 

 

2016

 

Mid-America Group

 

$

93,639

 

 

$

69,691

 

 

$

64,295

 

Southeast Group

 

 

41,214

 

 

 

30,780

 

 

 

30,590

 

West Group

 

 

180,870

 

 

 

169,853

 

 

 

164,653

 

Total Building Materials Business

 

 

315,723

 

 

 

270,324

 

 

 

259,538

 

Magnesia Specialties

 

 

10,413

 

 

 

10,070

 

 

 

10,354

 

Corporate

 

 

17,897

 

 

 

16,768

 

 

 

15,361

 

Total

 

$

344,033

 

 

$

297,162

 

 

$

285,253

 

 

December 31

(add 000)

Assets employed

 

2018

 

 

2017

 

 

2016

 

Mid-America Group

 

$

2,788,454

 

 

$

1,532,867

 

 

$

1,406,526

 

Southeast Group

 

 

1,299,469

 

 

 

616,344

 

 

 

594,967

 

West Group

 

 

4,989,639

 

 

 

5,014,231

 

 

 

4,904,018

 

Total Building Materials Business

 

 

9,077,562

 

 

 

7,163,442

 

 

 

6,905,511

 

Magnesia Specialties

 

 

156,106

 

 

 

152,257

 

 

 

150,969

 

Corporate

 

 

317,751

 

 

 

1,676,812

 

 

 

244,425

 

Total

 

$

9,551,419

 

 

$

8,992,511

 

 

$

7,300,905

 

 

 

Total property additions, including the impact of acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

1,157,073

 

 

$

139,505

 

 

$

152,014

 

Southeast Group

 

 

603,078

 

 

 

34,636

 

 

 

30,588

 

West Group

 

 

148,164

 

 

 

240,793

 

 

 

338,795

 

Total Building Materials Business

 

 

1,908,315

 

 

 

414,934

 

 

 

521,397

 

Magnesia Specialties

 

 

12,450

 

 

 

11,129

 

 

 

8,944

 

Corporate

 

 

4,838

 

 

 

12,558

 

 

 

10,430

 

Total

 

$

1,925,603

 

 

$

438,621

 

 

$

540,771

 

 

Property additions through acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

980,236

 

 

$

60

 

 

$

1,524

 

Southeast Group

 

 

561,503

 

 

 

 

 

 

 

West Group

 

 

1,421

 

 

 

2,420

 

 

 

132,112

 

Total Building Materials Business

 

 

1,543,160

 

 

 

2,480

 

 

 

133,636

 

Magnesia Specialties

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Total

 

$

1,543,160

 

 

$

2,480

 

 

$

133,636