SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The following table sets forth certain financial information relating to our operations by segment. We do not allocate interest or taxes at the segment level; these costs are disclosed at the consolidated company level.

	For the Three Months Ended June 30,
	2022			2021
	(dollars in thousands)
Revenue
Cement	$	284,516		$	270,255
Concrete and Aggregates		61,618			44,754
Gypsum Wallboard		216,327			166,267
Paperboard		54,073			43,267
		616,534			524,543
Less: Intersegment Revenue		(28,832	)		(26,082	)
Less: Joint Venture Revenue		(26,315	)		(22,691	)
	$	561,387		$	475,770

	For the Three Months Ended June 30,
	2022		2021
	(dollars in thousands)
Intersegment Revenue
Cement	$	6,291	$	7,833
Paperboard		22,541		18,249
	$	28,832	$	26,082
Cement Sales Volume (M tons)
Wholly Owned		1,805		1,852
Joint Venture		188		184
		1,993		2,036

	For the Three Months Ended June 30,
	2022			2021
	(dollars in thousands)
Operating Earnings
Cement	$	62,348		$	62,547
Concrete and Aggregates		5,732			5,344
Gypsum Wallboard		84,068			63,253
Paperboard		3,816			3,337
Sub-Total		155,964			134,481
Corporate General and Administrative Expense		(11,820	)		(9,468	)
Other Non-Operating Income (Loss)		(635	)		3,678
Earnings Before Interest and Income Taxes		143,509			128,691
Interest Expense, net		(7,330	)		(6,972	)
Earnings Before Income Taxes	$	136,179		$	121,719
Cement Operating Earnings -
Wholly Owned	$	57,250		$	54,577
Joint Venture		5,098			7,970
	$	62,348		$	62,547
Capital Expenditures
Cement	$	8,986		$	7,967
Concrete and Aggregates		652			546
Gypsum Wallboard		4,079			1,694
Paperboard		837			1,117
Corporate and Other		360			611
	$	14,914		$	11,935
Depreciation, Depletion, and Amortization
Cement	$	20,053		$	19,531
Concrete and Aggregates		4,201			2,578
Gypsum Wallboard		5,563			5,396
Paperboard		3,717			3,668
Corporate and Other		695			771
	$	34,229		$	31,944

	June 30,		March 31,
	2022		2022
	(dollars in thousands)
Identifiable Assets
Cement	$	1,886,113	$	1,860,649
Concrete and Aggregates		214,042		89,405
Gypsum Wallboard		401,056		397,486
Paperboard		177,082		180,025
Other, net		92,566		52,087
	$	2,770,859	$	2,579,652

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

	June 30,		March 31,
	2022		2022
	(dollars in thousands)
Cement	$	203,342	$	203,342
Concrete and Aggregates		40,382		1,639
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
	$	367,880	$	329,137

Summarized Financial Information for Joint Venture Unconsolidated

Summarized financial information for the Joint Venture that is not consolidated is set out below. This summarized financial information includes the total amount for the Joint Venture and not our 50% interest in those amounts:

	For the Three Months Ended June 30,
	2022		2021
	(dollars in thousands)
Revenue	$	52,630	$	45,382
Gross Margin	$	12,026	$	16,833
Earnings Before Income Taxes	$	10,272	$	16,189

	June 30,		March 31,
	2022		2022
	(dollars in thousands)
Current Assets	$	77,710	$	69,492
Noncurrent Assets	$	112,611	$	112,926
Current Liabilities	$	21,685	$	18,276