XML 19 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business Segments (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Financial Data for Continuing Operation For Corporation's Reportable Business Segments

9.

Business Segments (Continued)

The following tables display selected financial data for continuing operations for the Corporation’s reportable business segments. Total revenues and net sales in the table below, as well as the consolidated statements of earnings and comprehensive earnings, do not include intersegment sales as these sales are eliminated.  

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands)

 

Total revenues:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

140,834

 

 

$

115,708

 

Southeast Group

 

 

64,678

 

 

 

59,820

 

West Group

 

 

320,571

 

 

 

190,787

 

Total Aggregates Business

 

 

526,083

 

 

 

366,315

 

Cement

 

 

102,100

 

 

 

 

Magnesia Specialties

 

 

63,164

 

 

 

62,314

 

Total

 

$

691,347

 

 

$

428,629

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

129,705

 

 

$

106,533

 

Southeast Group

 

 

59,770

 

 

 

55,381

 

West Group

 

 

287,082

 

 

 

160,416

 

Total Aggregates Business

 

 

476,557

 

 

 

322,330

 

Cement

 

 

96,565

 

 

 

 

Magnesia Specialties

 

 

58,754

 

 

 

57,348

 

Total

 

$

631,876

 

 

$

379,678

 

 

 

 

 

 

 

 

 

 

(Loss) Earnings from operations:

 

 

 

 

 

 

 

 

Mid-America Group

 

$

(4,203

)

 

$

(11,766

)

Southeast Group

 

 

(1,548

)

 

 

(6,111

)

West Group

 

 

14,499

 

 

 

2,081

 

Total Aggregates Business

 

 

8,748

 

 

 

(15,796

)

Cement

 

 

12,229

 

 

 

 

Magnesia Specialties

 

 

17,789

 

 

 

16,285

 

Corporate

 

 

(13,195

)

 

 

(16,387

)

Total

 

$

25,571

 

 

$

(15,898

)

 

Asset Employed for Continuing Operations for Corporations Reportable Business Segments

 

 

 

March 31,

 

 

December 31,

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

2014

 

 

 

(Dollars in Thousands)

 

Assets employed:

 

 

 

 

 

 

 

 

 

 

 

 

Mid-America Group

 

$

1,287,933

 

 

$

1,290,833

 

 

$

1,257,753

 

Southeast Group

 

 

597,461

 

 

 

604,044

 

 

 

607,219

 

West Group

 

 

2,490,726

 

 

 

2,444,400

 

 

 

1,024,038

 

Total Aggregates Business

 

 

4,376,120

 

 

 

4,339,277

 

 

 

2,889,010

 

Cement

 

 

2,422,119

 

 

 

2,451,799

 

 

 

 

Magnesia Specialties

 

 

147,745

 

 

 

150,359

 

 

 

153,070

 

Corporate

 

 

471,662

 

 

 

522,957

 

 

 

213,177

 

Total

 

$

7,417,646

 

 

$

7,464,392

 

 

$

3,255,257

 

 

Net Sales and Gross Profit by Line of Business

The Aggregates business includes the aggregates product line and aggregates-related downstream product lines, which include asphalt, ready mixed concrete and road paving product lines. All aggregates-related downstream product lines reside in the West Group. The following tables, which are reconciled to consolidated amounts, provide net sales and gross profit by line of business: Aggregates (further divided by product line), Cement and Magnesia Specialties.

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

 

(Dollars in Thousands)

 

Net sales:

 

 

 

 

 

 

 

 

Aggregates

 

$

332,214

 

 

$

263,885

 

Asphalt

 

 

9,645

 

 

 

10,498

 

Ready Mixed Concrete

 

 

127,572

 

 

 

38,009

 

Road Paving

 

 

7,126

 

 

 

9,938

 

Total Aggregates Business

 

 

476,557

 

 

 

322,330

 

Cement

 

 

96,565

 

 

 

Magnesia Specialties

 

 

58,754

 

 

 

57,348

 

Total

 

$

631,876

 

 

$

379,678

 

 

 

 

 

 

 

 

 

 

Gross profit (loss):

 

 

 

 

 

 

 

 

Aggregates

 

$

41,417

 

 

$

10,051

 

Asphalt

 

 

(1,463

)

 

 

(1,426

)

Ready Mixed Concrete

 

 

2,084

 

 

 

2,944

 

Road Paving

 

 

(3,311

)

 

 

(3,982

)

Total Aggregates Business

 

 

38,727

 

 

 

7,587

 

Cement

 

 

18,985

 

 

 

 

Magnesia Specialties

 

 

20,178

 

 

 

18,755

 

Corporate

 

 

(3,629

)

 

 

(507

)

Total

 

$

74,261

 

 

$

25,835