BUSINESS SEGMENTS (Tables)

12 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The following tables below set forth certain financial information relating to our operations by segment. We do not allocate interest or taxes at the segment level, only at the consolidated company level.

	For the Years Ended March 31,
	2022			2021			2020
	(dollars in thousands)
Revenue
Cement	$	1,007,094		$	944,556		$	752,002
Concrete and Aggregates		177,122			168,829			182,775
Gypsum Wallboard		692,152			539,009			508,145
Paperboard		194,054			163,507			159,963
		2,070,422			1,815,901			1,602,885
Less: Intersegment Revenue		(105,001	)		(88,068	)		(85,316	)
Less: Joint Venture Revenue		(103,899	)		(105,191	)		(113,536	)
	$	1,861,522		$	1,622,642		$	1,404,033

	For the Years Ended March 31,
	2022		2021		2020
	(dollars in thousands)
Intersegment Revenue
Cement	$	22,915	$	20,862	$	21,499
Concrete and Aggregates		—		106		1,502
Paperboard		82,086		67,100		62,315
	$	105,001	$	88,068	$	85,316
Cement Sales Volume (M tons)
Wholly Owned		6,711		6,576		4,975
Joint Venture		823		890		956
		7,534		7,466		5,931

	For the Years Ended March 31,
	2022				2021			2020
				(dollars in thousands)
Operating Earnings
Cement	$	259,556			$	233,957		$	181,330
Concrete and Aggregates		18,467				19,054			17,558
Gypsum Wallboard		261,476				167,336			154,614
Paperboard		12,603				25,449			34,979
Other		—				—			(3,230	)
Sub-Total		552,102				445,796			385,251
Corporate General and Administrative Expense		(46,801	)			(49,511	)		(65,410	)
Loss on Early Retirement of Senior Notes		(8,407	)			—			—
Gain on Sale of Businesses		—				51,973			—
Impairment Losses		—				—			(25,131	)
Other Non-Operating Income (Loss)		9,073				20,274			(594	)
Earnings Before Interest and Income Taxes		505,967				468,532			294,116
Interest Expense, net		(30,873	)			(44,420	)		(38,421	)
Earnings Before Income Taxes	$	475,094			$	424,112		$	255,695
Cement Operating Earnings
Wholly Owned	$	227,068			$	196,516		$	138,745
Joint Venture		32,488				37,441			42,585
	$	259,556			$	233,957		$	181,330
Capital Expenditures
Cement	$	31,535			$	26,708		$	44,776
Concrete and Aggregates		5,239				3,114			11,898
Gypsum Wallboard		32,405				12,889			12,771
Paperboard		2,579				11,222			62,528
Corporate and Other		2,363				—			—
	$	74,121			$	53,933		$	131,973
Depreciation, Depletion, and Amortization
Cement	$	79,560			$	77,524		$	59,081
Concrete and Aggregates		9,656				10,807			11,142
Gypsum Wallboard		22,024				21,646			20,320
Paperboard		14,721				13,913			8,945
Corporate and Other		2,850				4,976			2,720
	$	128,811			$	128,866		$	102,208
Discontinued Operations
Capital Expenditures	$	—			$	—		$	146
Depreciation, Depletion, and Amortization	$	—			$	221		$	11,310

	As of March 31,
	2022		2021		2020
	(dollars in thousands)
Identifiable Assets
Cement	$	1,860,649	$	1,898,930	$	1,980,306
Concrete and Aggregates		89,405		88,410		136,041
Gypsum Wallboard		397,486		366,352		375,946
Paperboard		180,025		186,156		183,288
Assets of Discontinued Operations		—		—		13,831
Corporate and Other, net		52,087		298,833		271,608
	$	2,579,652	$	2,838,681	$	2,961,020

Segment Breakdown of Goodwill

The segment breakdown of Goodwill at March 31, 2022 and 2021 is as follows:

	For the Years Ended March 31,
	2022		2021
	(dollars in thousands)
Cement	$	203,342	$	203,342
Concrete and Aggregates		1,639		1,639
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
	$	329,137	$	329,137