SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 30, 2018

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 September 30,						For the Six Months Ended September 30,
	2018			2017			2018			2017
	(dollars in thousands)
Revenue -
Cement	$	193,161		$	191,650		$	379,949		$	374,585
Concrete and Aggregates		39,744			43,431			80,584			87,350
Gypsum Wallboard		129,609			123,068			272,024			249,881
Paperboard		41,277			45,359			86,410			89,772
Oil and Gas Proppants		19,080			22,022			40,838			40,932
Other		4,386			—			10,328			—
		427,257			425,530			870,133			842,520
Less: Intersegment Revenue		(20,279	)		(23,215	)		(42,135	)		(45,914	)
Less: Joint Venture Revenue		(25,479	)		(26,000	)		(52,743	)		(54,170	)
	$	381,499		$	376,315		$	775,255		$	742,436

	For the Three Months Ended September 30,				For the Six Months Ended September 30,
	2018		2017		2018		2017
	(dollars in thousands)
Intersegment Revenue -
Cement	$	4,073	$	4,654	$	8,251	$	9,583
Concrete and Aggregates		501		402		832		815
Paperboard		15,705		18,159		33,052		35,516
	$	20,279	$	23,215	$	42,135	$	45,914
Cement Sales Volume (M tons) -
Wholly Owned		1,339		1,343		2,614		2,611
Joint Venture		218		227		454		470
		1,557		1,570		3,068		3,081

	For the Three Months Ended September 30,						For the Six Months Ended September 30,
	2018			2017			2018			2017
	(dollars in thousands)
Operating Earnings -
Cement	$	57,547		$	58,752		$	94,881		$	101,933
Concrete and Aggregates		4,100			5,619			9,584			11,640
Gypsum Wallboard		45,671			39,575			96,151			83,396
Paperboard		8,609			6,517			18,603			11,455
Oil and Gas Proppants		(7,921	)		(1,754	)		(10,612	)		(3,780	)
Other		98			—			382			—
Sub-Total		108,104			108,709			208,989			204,644
Corporate General and Administrative Expense		(9,922	)		(9,821	)		(17,925	)		(19,500	)
Litigation Settlements and Losses		—			—			(1,800	)		—
Other Non-Operating Income		428			887			999			1,644
Earnings Before Interest and Income Taxes		98,610			99,775			190,263			186,788
Interest Expense, net		(6,817	)		(7,456	)		(13,449	)		(14,939	)
Earnings Before Income Taxes	$	91,793		$	92,319		$	176,814		$	171,849
Cement Operating Earnings -
Wholly Owned	$	47,374		$	46,797		$	75,457		$	80,102
Joint Ventures		10,173			11,955			19,424			21,831
	$	57,547		$	58,752		$	94,881		$	101,933
Capital Expenditures -
Cement	$	14,220		$	13,014		$	33,833		$	20,732
Concrete and Aggregates		459			1,118			2,523			2,530
Gypsum Wallboard		4,124			5,219			6,479			10,861
Paperboard		5,345			659			6,410			1,423
Oil and Gas Proppants		14,827			13,781			42,463			14,360
Other, net		1,396			140			1,736			185
	$	40,371		$	33,931		$	93,444		$	50,091
Depreciation, Depletion and Amortization -
Cement	$	12,746		$	12,662		$	25,667		$	25,141
Concrete and Aggregates		2,052			1,929			4,105			3,844
Gypsum Wallboard		5,201			4,473			10,031			8,915
Paperboard		2,128			2,172			4,237			4,309
Oil and Gas Proppants		9,398			8,518			16,537			16,124
Corporate and Other		801			552			1,599			920
	$	32,326		$	30,306		$	62,176		$	59,253

	September 30,		March 31,
	2018		2018
	(dollars in thousands)
Identifiable Assets
Cement	$	1,274,535	$	1,247,504
Concrete and Aggregates		104,166		104,851
Gypsum Wallboard		378,902		386,041
Paperboard		127,026		123,819
Oil and Gas Proppants		428,356		401,421
Other, net		66,527		104,367
	$	2,379,512	$	2,368,003

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

	September 30,		March 31,
	2018		2018
	(dollars in thousands)
Cement	$	74,214	$	74,214
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
Corporate and Other		6,841		6,841
	$	205,211	$	205,211

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 September 30,				For the Six Months Ended September 30,
	2018		2017		2018		2017
	(dollars in thousands)
Revenue	$	51,859	$	54,000	$	107,510	$	111,818
Gross Margin	$	21,877	$	24,938	$	42,018	$	46,251
Earnings Before Income Taxes	$	20,345	$	23,910	$	38,849	$	43,662

	September 30,		March 31,
	2018		2018
	(dollars in thousands)
Current Assets	$	67,861	$	71,089
Non-Current Assets	$	67,679	$	66,856
Current Liabilities	$	18,191	$	20,671