Discontinued Operations and Held for Sale Businesses

3 Months Ended

Aug. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Held for Sale Businesses

Discontinued Operations

On March 22, 2013, our subsidiaries exchanged their expanded shale and clay lightweight aggregates manufacturing business for the ready-mix concrete business of subsidiaries of Trinity Industries, Inc. in east Texas and southwest Arkansas. Pursuant to the agreements, we transferred our expanded shale and clay manufacturing facilities in Streetman, Texas; Boulder, Colorado and Frazier Park, California; and our DiamondPro® product line in exchange for 42 ready-mix concrete plants stretching from Texarkana to Beaumont in east Texas and in southwestern Arkansas, two aggregate distribution facilities in Beaumont and Port Arthur, Texas, and related assets.

The following table summarizes the revenue, earnings before and net of income tax expense on all discontinued operations for the three-months ended August 31, 2012:

	Three months ended
	August 31,
In thousands	2012
Revenue from discontinued operations	$	17,285
Income from discontinued operations, before taxes	$	5,021
Income from discontinued operations, net of taxes	$	4,738