Reportable Segment

6 Months Ended

Jun. 30, 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- and six-month periods ended June 30, 2024 and 2023 for the Company’s lime and limestone operations segment and other are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Revenues	2024		2023		2024		2023
Lime and limestone operations	$	76,254	$	73,688	$	147,724	$	140,226
Other		291		295		508		534
Total revenues	$	76,545	$	73,983	$	148,232	$	140,760
Depreciation, depletion and amortization
Lime and limestone operations	$	5,756	$	5,786	$	11,613	$	11,416
Other		128		126		250		252
Total depreciation, depletion and amortization	$	5,884	$	5,912	$	11,863	$	11,668
Gross profit (loss)
Lime and limestone operations	$	34,828	$	27,121	$	65,511	$	51,179
Other		(6)		10		(82)		(56)
Total gross profit	$	34,822	$	27,131	$	65,429	$	51,123
Operating profit (loss)
Lime and limestone operations	$	29,952	$	22,802	$	55,788	$	42,708
Other		(12)		10		(89)		(56)
Total operating profit	$	29,940	$	22,812	$	55,699	$	42,652
Identifiable assets, at period end
Lime and limestone operations	$	255,821	$	241,953	$	255,821	$	241,953
Other		228,334		160,419		228,334		160,419
Total identifiable assets	$	484,155	$	402,372	$	484,155	$	402,372
Capital expenditures
Lime and limestone operations	$	4,396	$	9,981	$	11,220	$	15,432
Other		—		—		—		—
Total capital expenditures	$	4,396	$	9,981	$	11,220	$	15,432