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Business Segments | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Business Segments |
11. | Business Segments
The Building Materials business contains three reportable business segments: Mid-America Group, Southeast Group and West Group. The Company also has a Magnesia Specialties segment. The Company’s evaluation of performance and allocation of resources are based primarily on earnings from operations. Consolidated earnings from operations include total revenues less cost of revenues; selling, general and administrative expenses; acquisition-related expenses, net; other operating income and expenses, net; and exclude interest expense; other nonoperating income and expenses, net; and taxes on income. Corporate loss from operations primarily includes depreciation on capitalized interest; unallocated expenses for corporate administrative functions; acquisition-related expenses, net; and other nonrecurring income and expenses excluded from the Company’s evaluation of business segment performance and resource allocation. All debt and related interest expense is held at Corporate. The following table displays selected financial data for the Company’s reportable business segments. The acquired Bluegrass operations are located in the Mid-America Group and Southeast Group. Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment revenues which represent sales from one segment to another segment, which are eliminated. Prior-year information has been reclassified to conform to current year revenue presentation.
11. | Business Segments (continued)
|  | Three-Months Ended |  |  | Six-Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (Dollars in Thousands) |
Total revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mid-America Group |  | $ | 350,592 |  |  | $ | 290,898 |  |  | $ | 529,373 |  |  | $ | 479,918 |
Southeast Group |  |  | 112,963 |  |  |  | 92,348 |  |  |  | 193,202 |  |  |  | 182,630 |
West Group |  |  | 665,886 |  |  |  | 610,249 |  |  |  | 1,139,608 |  |  |  | 1,106,230 |
Total Building Materials Business |  |  | 1,129,441 |  |  |  | 993,495 |  |  |  | 1,862,183 |  |  |  | 1,768,778 |
Magnesia Specialties |  |  | 72,962 |  |  |  | 70,029 |  |  |  | 142,224 |  |  |  | 138,605 |
Total |  | $ | 1,202,403 |  |  | $ | 1,063,524 |  |  | $ | 2,004,407 |  |  | $ | 1,907,383 |
Products and services revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mid-America Group |  | $ | 325,578 |  |  | $ | 269,914 |  |  | $ | 493,468 |  |  | $ | 447,321 |
Southeast Group |  |  | 109,082 |  |  |  | 88,538 |  |  |  | 186,646 |  |  |  | 175,264 |
West Group |  |  | 625,960 |  |  |  | 572,663 |  |  |  | 1,068,943 |  |  |  | 1,036,545 |
Total Building Materials Business |  |  | 1,060,620 |  |  |  | 931,115 |  |  |  | 1,749,057 |  |  |  | 1,659,130 |
Magnesia Specialties |  |  | 68,157 |  |  |  | 65,728 |  |  |  | 133,025 |  |  |  | 130,029 |
Total |  | $ | 1,128,777 |  |  | $ | 996,843 |  |  | $ | 1,882,082 |  |  | $ | 1,789,159 |
Earnings (Loss) from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mid-America Group |  | $ | 108,709 |  |  | $ | 85,363 |  |  | $ | 114,876 |  |  | $ | 98,705 |
Southeast Group |  |  | 32,052 |  |  |  | 14,334 |  |  |  | 34,093 |  |  |  | 24,449 |
West Group |  |  | 122,844 |  |  |  | 112,491 |  |  |  | 157,796 |  |  |  | 173,724 |
Total Building Materials Business |  |  | 263,605 |  |  |  | 212,188 |  |  |  | 306,765 |  |  |  | 296,878 |
Magnesia Specialties |  |  | 21,329 |  |  |  | 21,118 |  |  |  | 42,565 |  |  |  | 40,999 |
Corporate |  |  | (20,981 | ) |  |  | (20,454 | ) |  |  | (46,296 | ) |  |  | (47,875 | )
Total |  | $ | 263,953 |  |  | $ | 212,852 |  |  | $ | 303,034 |  |  | $ | 290,002 |
|  | June 30, |  |  | December 31, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2017 |
Assets employed: |  | (Dollars in thousands) |
Mid-America Group |  | $ | 2,810,643 |  |  | $ | 1,532,867 |  |  | $ | 1,509,329 |
Southeast Group |  |  | 1,297,674 |  |  |  | 616,344 |  |  |  | 598,365 |
West Group |  |  | 5,079,624 |  |  |  | 5,014,231 |  |  |  | 5,029,868 |
Total Building Materials Business |  |  | 9,187,941 |  |  |  | 7,163,442 |  |  |  | 7,137,562 |
Magnesia Specialties |  |  | 151,182 |  |  |  | 152,257 |  |  |  | 146,925 |
Corporate |  |  | 257,629 |  |  |  | 1,676,812 |  |  |  | 231,373 |
Total |  | $ | 9,596,752 |  |  | $ | 8,992,511 |  |  | $ | 7,515,860 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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