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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 30, 2016

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								For the Six Months
		Ended September 30,								Ended September 30,
		2016				2015				2016				2015
		(dollars in thousands)								(dollars in thousands)
Revenues -
Cement		$	166,811			$	164,790			$	311,603			$	292,966
Gypsum Wallboard			122,923				119,701				236,185				234,753
Paperboard			44,459				39,145				87,274				74,463
Oil and Gas Proppants			6,631				18,307				11,727				41,132
Concrete and Aggregates			39,140				36,671				73,891				65,203
Sub-total			379,964				378,614				720,680				708,517
Less: Intersegment Revenues			(20,331	)			(20,090	)			(38,655	)			(38,019	)
Net Revenues, including Joint Venture			359,633				358,524				682,025				670,498
Less: Joint Venture			(26,975	)			(29,536	)			(51,863	)			(56,547	)
Net Revenues		$	332,658			$	328,988			$	630,162			$	613,951

		For the Three Months								For the Six Months
		Ended September 30,								Ended September 30,
		2016				2015				2016				2015
		(dollars in thousands)								(dollars in thousands)
Intersegment Revenues -
Cement		$	4,536			$	4,232			$	8,071			$	7,358
Paperboard			15,452				15,596				29,958				30,147
Concrete and Aggregates			343				262				626				514
		$	20,331			$	20,090			$	38,655			$	38,019
Cement Sales Volume (in thousands of tons) -
Wholly –owned Operations			1,200				1,248				2,233				2,239
Joint Venture			242				236				460				448
			1,442				1,484				2,693				2,687

		For the Three Months								For the Six Months
		Ended September 30,								Ended September 30,
		2016				2015				2016				2015
		(dollars in thousands)								(dollars in thousands)
Operating Earnings -
Cement		$	50,716			$	48,577			$	82,316			$	74,290
Gypsum Wallboard			41,698				40,002				81,034				80,896
Paperboard			10,220				8,138				21,447				14,168
Oil and Gas Proppants			(4,090	)			(44,600	)			(10,002	)			(50,236	)
Concrete and Aggregates			4,813				3,857				8,497				5,783
Other, net			504				572				1,579				1,007
Sub-total			103,861				56,546				184,871				125,908
Corporate General and Administrative			(8,832	)			(9,364	)			(18,665	)			(18,355	)
Earnings Before Interest and Income Taxes			95,029				47,182				166,206				107,553
Interest Expense, net			(5,656	)			(4,342	)			(9,557	)			(8,828	)
Earnings Before Income Taxes		$	89,373			$	42,840			$	156,649			$	98,725
Cement Operating Earnings -
Wholly–owned Operations		$	38,569			$	36,897			$	62,189			$	54,780
Joint Venture			12,147				11,680				20,127				19,510
		$	50,716			$	48,577			$	82,316			$	74,290
Capital Expenditures -
Cement		$	5,009			$	5,349			$	10,254			$	13,499
Gypsum Wallboard			2,097				203				3,425				1,700
Paperboard			400				2,424				1,704				3,268
Oil and Gas Proppants			8				16,744				65				32,711
Concrete and Aggregates			1,506				4,027				2,550				4,691
Other			233				—				233				—
		$	9,253			$	28,747			$	18,231			$	55,869
Depreciation, Depletion and Amortization -
Cement		$	8,784			$	8,629			$	17,395			$	16,495
Gypsum Wallboard			4,768				4,819				9,530				9,605
Paperboard			2,106				2,063				4,206				4,116
Oil and Gas Proppants			4,261				7,205				9,445				14,764
Concrete and Aggregates			1,920				1,565				3,669				3,070
Other, net			547				489				1,004				984
		$	22,386			$	24,770			$	45,249			$	49,034

		As of
		September 30, 2016				March 31, 2016
		(dollars in thousands)
Identifiable Assets -
Cement		$	833,219			$	819,994
Gypsum Wallboard			378,905				392,523
Paperboard			123,124				127,371
Oil and Gas Proppants			390,915				409,497
Concrete and Aggregates			109,683				106,634
Corporate and Other			72,289				27,616
		$	1,908,135			$	1,883,635

Segment Breakdown of Goodwill

The segment breakdown of goodwill is as follows:

		As of
		September 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 September 30,								For the Six Months Ended September 30,
		2016				2015				2016				2015
		(dollars in thousands)								(dollars in thousands)
Revenues		$	55,558			$	59,071			$	105,334			$	113,094
Gross Margin		$	25,588			$	25,193			$	42,925			$	42,204
Earnings Before Income Taxes		$	24,294			$	23,360			$	40,254			$	39,020

		As of
		September 30, 2016				March 31, 2016
		(dollars in thousands)
Current Assets		$	69,699			$	70,491
Non-Current Assets		$	39,969			$	41,464
Current Liabilities		$	16,649			$	15,964

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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
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-Publisher FASB
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