Business Segments

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Business Segments

8. Business Segments

The Aggregates business contains three reportable business segments: Mid-America Group, Southeast Group and West Group. The Corporation also has Cement and Magnesia Specialties segments. Corporate loss from operations primarily includes depreciation on capitalized interest, expenses for certain corporate administrative functions, business development and integration expenses, unallocated corporate expenses and other nonrecurring and/or non-operational adjustments. Intersegment sales represent net sales from one segment to another segment.

8. 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, exclude intersegment sales, which are eliminated.  

	Three Months Ended
	March 31,
	2016			2015
	(Dollars in Thousands)
Total revenues:
Mid-America Group	$	186,347		$	140,834
Southeast Group		71,671			64,678
West Group		392,995			320,571
Total Aggregates Business		651,013			526,083
Cement		73,551			102,100
Magnesia Specialties		64,170			63,164
Total	$	788,734		$	691,347
Net sales:
Mid-America Group	$	173,372		$	129,705
Southeast Group		67,284			59,770
West Group		363,926			287,082
Total Aggregates Business		604,582			476,557
Cement		69,873			96,565
Magnesia Specialties		59,505			58,754
Total	$	733,960		$	631,876
Earnings (Loss) from operations:
Mid-America Group	$	14,424		$	(4,203	)
Southeast Group		6,971			(1,548	)
West Group		38,797			14,499
Total Aggregates Business		60,192			8,748
Cement		26,316			12,229
Magnesia Specialties		20,563			17,789
Corporate		(23,302	)		(13,195	)
Total	$	83,769		$	25,571

The decline in the Cement business’s net sales is attributable to the California cement operations, included in the three months ended March 31, 2015 and divested as of September 30, 2015.  For the three months ended March 31, 2015, total revenues, net sales and loss from operations for the California cement operations were $33,759,000, $32,511,000 and $7,421,000, respectively.

8. Business Segments (continued)

Cement intersegment sales, which are to the aggregates and ready mixed concrete product lines in the West Group, were $27,147,000 and $18,377,000 for the three months ended March 31, 2016 and 2015, respectively.

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,
	2016			2015
	(Dollars in Thousands)
Net sales:
Aggregates	$	406,439		$	332,214
Asphalt		3,875			9,645
Ready Mixed Concrete		186,785			127,572
Road Paving		7,483			7,126
Total Aggregates Business		604,582			476,557
Cement		69,873			96,565
Magnesia Specialties		59,505			58,754
Total	$	733,960		$	631,876
Gross profit (loss):
Aggregates	$	81,083		$	41,417
Asphalt		(2,269	)		(1,463	)
Ready Mixed Concrete		18,086			2,084
Road Paving		(3,894	)		(3,311	)
Total Aggregates Business		93,006			38,727
Cement		32,556			18,985
Magnesia Specialties		22,970			20,178
Corporate		(3,898	)		(3,629	)
Total	$	144,634		$	74,261

For the three months ended March 31, 2015, gross loss for the California cement operations was $4,046,000.