Business Segments

12 Months Ended

Dec. 31, 2011

Business Segments [Abstract]

Business Segments

Note O: Business Segments

During 2011, the Corporation reorganized certain locations within its reportable segments. The Corporation currently 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 produces magnesia-based chemicals products and dolomitic lime. These segments are consistent with the Corporation's current management reporting structure. The accounting policies used for segment reporting are the same as those described in Note A.

The Corporation's evaluation of performance and allocation of resources are based primarily on earnings from operations. Earnings from operations are net sales less cost of sales, selling, general and administrative expenses, and business development costs; include other operating income and expenses; and exclude interest expense, other nonoperating income and expenses, net, and income taxes. Corporate earnings from operations primarily include depreciation on capitalized interest, expenses for corporate administrative functions, unallocated corporate expenses and other nonrecurring and/or non-operational adjustments excluded from the Corporation's evaluation of business segment performance and resource allocation. All debt and related interest expense is held at Corporate.

Assets employed by segment include assets directly identified with those operations. Corporate assets consist primarily of cash and cash equivalents, property, plant and equipment for corporate operations and other assets not directly identifiable with a reportable business segment.

The following tables display selected financial data for the Corporation's reportable business segments. Prior year information has been reclassified to conform to the 2011 presentation.

Selected Financial Data by Business Segment

  years ended December 31

    (add 000)

Total revenues	2011			2010			2009
Mideast Group	$	494,494		$	485,436		$	466,986
Southeast Group		242,580			271,533			274,734
West Group		757,626			702,736			671,685
Total Aggregates Business		1,494,700			1,459,705			1,413,405
Specialty Products		219,123			193,180			159,911
Total	$	1,713,823		$	1,652,885		$	1,573,316
Net sales
Mideast Group	$	454,029		$	450,048		$	438,444
Southeast Group		224,728			243,706			253,849
West Group		640,629			605,617			583,656
Total Aggregates Business		1,319,386			1,299,371			1,275,949
Specialty Products		200,575			176,346			143,719
Total	$	1,519,961		$	1,475,717		$	1,419,668
Gross profit
Mideast Group	$	124,132		$	133,187		$	139,004
Southeast Group		1,082			22,740			37,141
West Group		104,786			108,408			113,468
Total Aggregates Business		230,000			264,335			289,613
Specialty Products		75,405			61,685			45,584
Corporate		(3,390	)		(4,294	)		(3,630	)
Total	$	302,015		$	321,726		$	331,567
Selling, general and administrative expenses
Mideast Group	$	42,471		$	41,710		$	44,200
Southeast Group		22,165			22,912			23,396
West Group		43,878			42,862			41,983
Total Aggregates Business		108,514			107,484			109,579
Specialty Products		9,197			11,046			9,446
Corporate		6,427			11,892			16,856
Total	$	124,138		$	130,422		$	135,881
Earnings (Loss) from operations
Mideast Group	$	85,049		$	93,956		$	95,110
Southeast Group		(21,209	)		(771	)		13,486
West Group		63,629			75,405			63,760
Total Aggregates Business		127,469			168,590			172,356
Specialty Products		66,305			50,578			35,734
Corporate		(32,752	)		(20,786	)		(25,178	)
Total	$	161,022		$	198,382		$	182,912
Assets employed
Mideast Group	$	792,483		$	800,888		$	803,438
Southeast Group		626,538			797,536			776,543
West Group		1,390,094			1,102,970			1,088,365
Total Aggregates Business		2,809,115			2,701,394			2,668,346
Specialty Products		120,305			102,103			102,405
Corporate		218,402			271,246			468,532
Total	$	3,147,822		$	3,074,743		$	3,239,283
Depreciation, depletion and amortization
Mideast Group	$	51,151		$	54,943		$	56,138
Southeast Group		46,607			52,203			48,954
West Group		59,419			56,705			55,176
Total Aggregates Business		157,177			163,851			160,268
Specialty Products		7,075			8,385			7,518
Corporate		9,155			9,301			11,605
Total	$	173,407		$	181,537		$	179,391

years ended December 31     (add 000)     Total property additions	2011		2010		2009
Mideast Group	$	39,504	$	50,869	$	39,761
Southeast Group		29,531		54,138		37,355
West Group		243,195		58,819		92,156
Total Aggregates Business		312,230		163,826		169,272
Specialty Products		21,983		6,431		10,766
Corporate		6,340		1,823		5,450
Total	$	340,553	$	172,080	$	185,488
Property additions through acquisitions
Mideast Group	$	--	$	12,912	$	--
Southeast Group		--		20,902		--
West Group		40,229		--		46,133
Total Aggregates Business		40,229		33,814		46,133
Specialty Products		--		--		--
Corporate		--		--		--
Total	$	40,229	$	33,814	$	46,133

 Property additions for the West Group in 2011 included $144,961,000 of capital assets acquired through an asset exchange with Lafarge North America. Property additions for the Mideast Group in 2010 and 2009 included $1,900,000 and $125,000, respectively, of land acquired through noncash transactions. Property additions for the Southeast Group in 2010 included $450,000 of land acquired through noncash transactions.

The asphalt, ready mixed concrete, road paving and other 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. Total revenues and net sales by product line are as follows:

    years ended December 31

    (add 000)

Total revenues	2011		2010		2009
Aggregates	$	1,368,585	$	1,359,694	$	1,308,410
Asphalt		63,942		51,055		57,923
Ready Mixed Concrete		33,097		25,067		26,296
Road Paving		25,369		17,775		13,483
Other		3,707		6,114		7,293
Total Aggregates Business		1,494,700		1,459,705		1,413,405
Magnesia-Based Chemicals		158,254		132,890		109,685
Dolomitic Lime		59,496		58,630		48,571
Other		1,373		1,660		1,655
Specialty Products		219,123		193,180		159,911
Total	$	1,713,823	$	1,652,885	$	1,573,316
Net sales
Aggregates	$	1,213,153	$	1,218,133	$	1,192,108
Asphalt		47,315		37,917		43,226
Ready Mixed Concrete		33,018		25,031		26,250
Road Paving		25,369		17,775		13,483
Other		531		515		882
Total Aggregates Business		1,319,386		1,299,371		1,275,949
Magnesia-Based Chemicals		142,620		120,475		98,643
Dolomitic Lime		56,582		54,212		43,421
Other		1,373		1,659		1,655
Specialty Products		200,575		176,346		143,719
Total	$	1,519,961	$	1,475,717	$	1,419,668

Domestic and foreign total revenues are as follows:

  years ended December 31

(add 000)	2011		2010		2009
Domestic	$	1,672,077	$	1,618,794	$	1,537,319
Foreign		41,746		34,091		35,997
Total	$	1,713,823	$	1,652,885	$	1,573,316