Business Segments

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Business Segments

9. Business Segments

The Building Materials business contains three reportable business segments: Mid-America Group, Southeast Group and West Group. The Company also has a Magnesia Specialties segment.  The Company’s evaluation of performance and allocation of resources are based primarily on earnings from operations. Consolidated earnings from operations include total revenues less cost of revenues; selling, general and administrative expenses; acquisition-related expenses, net; other operating income and expenses, net; and exclude interest expense; other nonoperating income and expenses, net; and taxes on income. Corporate loss from operations primarily includes depreciation on capitalized interest; unallocated expenses for corporate administrative functions; acquisition-related expenses, net; and other nonrecurring income and expenses excluded from the Company’s evaluation of business segment performance and resource allocation. All debt and related interest expense are held at Corporate.

The following table displays selected financial data for the Company’s reportable business segments. The Bluegrass Materials Company (Bluegrass) operations, acquired in April 2018, are located in the Mid-America Group and Southeast Group. Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment revenues which represent sales from one segment to another segment, which are eliminated.

	Three Months Ended
	March 31,
	2019			2018
	(Dollars in Thousands)
Total revenues:
Mid-America Group	$	248,813		$	178,781
Southeast Group		119,237			80,239
West Group		496,831			473,722
Total Building Materials Business		864,881			732,742
Magnesia Specialties		74,074			69,262
Total	$	938,955		$	802,004
Products and services revenues:
Mid-America Group	$	230,308		$	167,890
Southeast Group		115,312			77,563
West Group		463,511			442,983
Total Building Materials Business		809,131			688,436
Magnesia Specialties		69,174			64,869
Total	$	878,305		$	753,305
Earnings (Loss) from operations:
Mid-America Group	$	30,955		$	6,167
Southeast Group		21,134			2,041
West Group		19,936			34,951
Total Building Materials Business		72,025			43,159
Magnesia Specialties		22,642			21,237
Corporate		(25,446	)		(25,315	)
Total	$	69,221		$	39,081

	March 31, 2019		December 31, 2018
Assets employed:	(Dollars in thousands)
Mid-America Group	$	2,848,652	$	2,788,454
Southeast Group		1,443,597		1,299,469
West Group		5,280,109		4,989,639
Total Building Materials Business		9,572,358		9,077,562
Magnesia Specialties		170,833		156,106
Corporate		305,216		317,751
Total	$	10,048,407	$	9,551,419