SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2016

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,
	2016			2015
	(dollars in thousands)
Revenues -
Cement	$	144,792		$	128,176
Gypsum Wallboard		113,262			115,052
Paperboard		42,815			35,318
Oil and Gas Proppants		5,096			22,825
Concrete and Aggregates		34,751			28,532
Sub-total		340,716			329,903
Less: Intersegment Revenues		(18,324	)		(17,929	)
Net Revenues, including Joint Venture		322,392			311,974
Less: Joint Venture		(24,888	)		(27,011	)
Net Revenues	$	297,504		$	284,963

	For the Three Months
	Ended June 30,
	2016		2015
	(dollars in thousands)
Intersegment Revenues -
Cement	$	3,535	$	3,126
Paperboard		14,506		14,551
Concrete and Aggregates		283		252
	$	18,324	$	17,929
Cement Sales Volume (in thousands of tons) -
Wholly –owned Operations		1,033		991
Joint Venture		218		212
		1,251		1,203

	For the Three Months
	Ended June 30,
	2016			2015
	(dollars in thousands)
Operating Earnings -
Cement	$	31,600		$	25,713
Gypsum Wallboard		39,336			40,894
Paperboard		11,227			6,030
Oil and Gas Proppants		(5,912	)		(5,636	)
Concrete and Aggregates		3,684			1,926
Other, net		1,075			435
Sub-total		81,010			69,362
Corporate General and Administrative		(9,833	)		(8,991	)
Earnings Before Interest and Income Taxes		71,177			60,371
Interest Expense, net		(3,901	)		(4,486	)
Earnings Before Income Taxes	$	67,276		$	55,885
Cement Operating Earnings -
Wholly–owned Operations	$	23,620		$	17,883
Joint Venture		7,980			7,830
	$	31,600		$	25,713
Capital Expenditures -
Cement	$	5,245		$	8,150
Gypsum Wallboard		1,328			1,497
Paperboard		1,304			844
Oil and Gas Proppants		57			15,967
Concrete and Aggregates		1,044			664
Other		—			—
	$	8,978		$	27,122
Depreciation, Depletion and Amortization -
Cement	$	8,611		$	7,866
Gypsum Wallboard		4,762			4,786
Paperboard		2,100			2,053
Oil and Gas Proppants		5,184			7,559
Concrete and Aggregates		1,749			1,505
Other, net		457			495
	$	22,863		$	24,264

	As of
	June 30, 2016		March 31, 2016
	(dollars in thousands)
Identifiable Assets -
Cement	$	845,018	$	819,994
Gypsum Wallboard		380,640		392,523
Paperboard		128,448		127,371
Oil and Gas Proppants		401,285		409,497
Concrete and Aggregates		111,195		106,634
Corporate and Other		22,499		27,616
	$	1,889,085	$	1,883,635

Segment Breakdown of Goodwill

The segment breakdown of goodwill is as follows:

	As of
	June 30,		March 31,
	2016		2016
	(dollars in thousands)
Cement	$	9,729	$	9,729
Gypsum Wallboard		116,618		116,618
Paperboard		7,538		7,538
	$	133,885	$	133,885

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,
	2016		2015
	(dollars in thousands)
Revenues	$	49,776	$	54,022
Gross Margin	$	17,337	$	17,012
Earnings Before Income Taxes	$	16,138	$	15,660

	As of
	June 30, 2016		March 31, 2016
	(dollars in thousands)
Current Assets	$	69,965	$	70,491
Non-Current Assets	$	41,032	$	41,464
Current Liabilities	$	16,399	$	15,964