BUSINESS SEGMENTS (Tables)

12 Months Ended

Mar. 31, 2021

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.

	For the Years Ended March 31,
	2021			2020			2019
	(dollars in thousands)
Revenue -
Cement	$	944,556		$	752,002		$	656,759
Concrete and Aggregates		168,829			182,775			140,173
Gypsum Wallboard		539,009			508,145			532,712
Paperboard		163,507			159,963			167,656
		1,815,901			1,602,885			1,497,300
Less: Intersegment Revenue		(88,068	)		(85,316	)		(82,553	)
Less: Joint Venture Revenue		(105,191	)		(113,536	)		(104,493	)
	$	1,622,642		$	1,404,033		$	1,310,254

	For the Years Ended March 31,
	2021		2020		2019
	(dollars in thousands)
Intersegment Revenue -
Cement	$	20,862	$	21,499	$	14,408
Concrete and Aggregates		106		1,502		1,422
Paperboard		67,100		62,315		66,723
	$	88,068	$	85,316	$	82,553
Cement Sales Volume (M tons) -
Wholly Owned		6,576		4,975		4,441
Joint Venture		890		956		899
		7,466		5,931		5,340

	For the Years Ended March 31,
	2021				2020			2019
				(dollars in thousands)
Operating Earnings -
Cement	$	233,957			$	181,330		$	164,782
Concrete and Aggregates		19,054				17,558			12,866
Gypsum Wallboard		167,336				154,614			180,831
Paperboard		25,449				34,979			35,349
Other		—				(3,230	)		(7,161	)
Sub-Total		445,796				385,251			386,667
Corporate General and Administrative Expense		(49,511	)			(65,410	)		(37,371	)
Gain on Sale of Businesses		51,973				—			—
Impairment Losses		—				(25,131	)		(37,179	)
Litigation Settlements and Losses		—				—			(1,800	)
Other Non-Operating Income (Loss)		20,274				(594	)		1,835
Earnings Before Interest and Income Taxes		468,532				294,116			312,152
Interest Expense, net		(44,420	)			(38,421	)		(28,374	)
Earnings Before Income Taxes	$	424,112			$	255,695		$	283,778
Cement Operating Earnings -
Wholly Owned	$	196,516			$	138,745		$	126,217
Joint Venture		37,441				42,585			38,565
	$	233,957			$	181,330		$	164,782
Capital Expenditures -
Cement	$	26,708			$	44,776		$	76,504
Concrete and Aggregates		3,114				11,898			6,649
Gypsum Wallboard		12,889				12,771			10,724
Paperboard		11,222				62,528			16,603
Corporate and Other		—				—			6,107
	$	53,933			$	131,973		$	116,587
Depreciation, Depletion, and Amortization -
Cement	$	77,524			$	59,081		$	52,802
Concrete and Aggregates		10,807				11,142			8,176
Gypsum Wallboard		21,646				20,320			20,020
Paperboard		13,913				8,945			8,541
Corporate and Other		4,976				2,720			1,668
	$	128,866			$	102,208		$	91,207
Discontinued Operations
Capital Expenditures	$	—			$	146		$	52,286
Depreciation, Depletion, and Amortization	$	221			$	11,310		$	31,328

	As of March 31,
	2021		2020		2019
	(dollars in thousands)
Identifiable Assets
Cement	$	1,898,930	$	1,980,306	$	1,289,468
Concrete and Aggregates		88,410		136,041		95,084
Gypsum Wallboard		366,352		375,946		372,206
Paperboard		186,156		183,288		138,614
Assets of Discontinued Operations		—		13,831		222,890
Corporate and Other, net		298,833		271,608		50,901
	$	2,838,681	$	2,961,020	$	2,169,163

Segment Breakdown of Goodwill

The segment breakdown of Goodwill at March 31, 2021 and 2020 is as follows:

	For the Years Ended March 31,
	2021		2020
	(dollars in thousands)
Cement	$	203,342	$	205,797
Concrete and Aggregates		1,639		1,639
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
	$	329,137	$	331,592