SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The following table sets forth certain financial information relating to our operations by segment:

	For the Three Months
	Ended June 30,
	2017			2016
	(dollars in thousands)
Revenues -
Cement	$	182,935		$	144,792
Gypsum Wallboard		126,813			113,262
Paperboard		44,413			42,815
Oil and Gas Proppants		18,910			5,096
Concrete and Aggregates		43,919			34,751
Sub-total		416,990			340,716
Less: Intersegment Revenues		(22,699	)		(18,324	)
Net Revenues, including Joint Venture		394,291			322,392
Less: Joint Venture		(28,170	)		(24,888	)
Net Revenues	$	366,121		$	297,504

	For the Three Months
	Ended June 30,
	2017		2016
	(dollars in thousands)
Intersegment Revenues -
Cement	$	4,929	$	3,535
Paperboard		17,357		14,506
Concrete and Aggregates		413		283
	$	22,699	$	18,324
Cement Sales Volume (in thousands of tons) -
Wholly –owned Operations		1,268		1,033
Joint Venture		243		218
		1,511		1,251

	For the Three Months
	Ended June 30,
	2017			2016
	(dollars in thousands)
Operating Earnings -
Cement	$	43,181		$	31,600
Gypsum Wallboard		43,821			39,336
Paperboard		4,938			11,227
Oil and Gas Proppants		(2,026	)		(5,912	)
Concrete and Aggregates		6,021			3,684
Other, net		757			1,075
Sub-total		96,692			81,010
Corporate General and Administrative		(9,679	)		(9,833	)
Earnings Before Interest and Income Taxes		87,013			71,177
Interest Expense, net		(7,483	)		(3,901	)
Earnings Before Income Taxes	$	79,530		$	67,276
Cement Operating Earnings -
Wholly–owned Operations	$	33,305		$	23,620
Joint Venture		9,876			7,980
	$	43,181		$	31,600
Capital Expenditures -
Cement	$	7,718		$	5,245
Gypsum Wallboard		5,642			1,328
Paperboard		764			1,304
Oil and Gas Proppants		579			57
Concrete and Aggregates		1,412			1,044
Other		45			—
	$	16,160		$	8,978
Depreciation, Depletion and Amortization -
Cement	$	12,479		$	8,611
Gypsum Wallboard		4,442			4,762
Paperboard		2,137			2,100
Oil and Gas Proppants		7,606			5,184
Concrete and Aggregates		1,914			1,749
Other, net		369			457
	$	28,947		$	22,863

	As of
	June 30, 2017		March 31, 2017
	(dollars in thousands)
Identifiable Assets -
Cement	$	1,263,484	$	1,234,617
Gypsum Wallboard		377,562		379,414
Paperboard		126,583		124,356
Oil and Gas Proppants		373,964		376,306
Concrete and Aggregates		110,575		110,413
Corporate and Other		27,422		22,018
	$	2,279,590	$	2,247,124

Segment Breakdown of Goodwill

The segment breakdown of goodwill is as follows:

	As of
	June 30, 2017		March 31, 2017
	(dollars in thousands)
Cement	$	74,214	$	74,214
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
	$	198,370	$	198,370

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,
	2017		2016
	(dollars in thousands)
Revenues	$	56,340	$	49,776
Gross Margin	$	21,312	$	17,337
Earnings Before Income Taxes	$	19,917	$	16,138

	As of
	June 30, 2017		March 31, 2017
	(dollars in thousands)
Current Assets	$	75,940	$	73,767
Non-Current Assets	$	47,184	$	42,337
Current Liabilities	$	18,944	$	22,293