Reportable Segment

9 Months Ended

Sep. 30, 2022

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 within a single region 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. Depreciation, depletion and amortization in the table below include only amounts that are included in cost of revenues in the Company’s condensed consolidated statements of 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 expense and interest and other income (expense), net to its lime and limestone operations. Other revenues, gross profit and operating profit in the Company’s segment disclosures include the Company’s natural gas interests. Other identifiable assets include assets related to the Company’s natural gas interests, unallocated corporate assets and cash items.

The following table sets forth operating results and certain other financial data for the Company’s lime and limestone operations segment and other (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Revenues	2022		2021		2022		2021
Lime and limestone operations	$	65,699	$	51,749	$	175,608	$	141,847
Other		758		562		2,250		1,300
Total revenues	$	66,457	$	52,311	$	177,858	$	143,147
Depreciation, depletion and amortization
Lime and limestone operations	$	5,513	$	4,844	$	15,882	$	15,002
Other		133		145		420		430
Total depreciation, depletion and amortization	$	5,646	$	4,989	$	16,302	$	15,432
Gross profit
Lime and limestone operations	$	22,166	$	17,128	$	52,338	$	45,634
Other		424		213		1,200		307
Total gross profit	$	22,590	$	17,341	$	53,538	$	45,941
Operating profit
Lime and limestone operations	$	18,626	$	13,983	$	41,321	$	36,465
Other		421		213		1,191		307
Total operating profit	$	19,047	$	14,196	$	42,512	$	36,772
Identifiable assets, at period end
Lime and limestone operations	$	228,797	$	204,841	$	228,797	$	204,841
Other		127,083		106,067		127,083		106,067
Total identifiable assets	$	355,880	$	310,908	$	355,880	$	310,908
Capital expenditures
Lime and limestone operations	$	6,635	$	5,955	$	18,120	$	23,731
Other		—		—		—		—
Total capital expenditures	$	6,635	$	5,955	$	18,120	$	23,731