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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 30, 2017

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,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Revenues -
Cement		$	191,650			$	166,811			$	374,585			$	311,603
Gypsum Wallboard			123,068				122,923				249,881				236,185
Paperboard			45,359				44,459				89,772				87,274
Oil and Gas Proppants			22,022				6,631				40,932				11,727
Concrete and Aggregates			43,431				39,140				87,350				73,891
Sub-total			425,530				379,964				842,520				720,680
Less: Intersegment Revenues			(23,215	)			(20,331	)			(45,914	)			(38,655	)
Net Revenues, including Joint Venture			402,315				359,633				796,606				682,025
Less: Joint Venture			(26,000	)			(26,975	)			(54,170	)			(51,863	)
Net Revenues		$	376,315			$	332,658			$	742,436			$	630,162

		For the Three Months								For the Six Months
		Ended September 30,								Ended September 30,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Intersegment Revenues -
Cement		$	4,654			$	4,536			$	9,583			$	8,071
Paperboard			18,159				15,452				35,516				29,958
Concrete and Aggregates			402				343				815				626
		$	23,215			$	20,331			$	45,914			$	38,655
Cement Sales Volume (in thousands of tons) -
Wholly –owned Operations			1,343				1,200				2,611				2,233
Joint Venture			227				242				470				460
			1,570				1,442				3,081				2,693

		For the Three Months								For the Six Months
		Ended September 30,								Ended September 30,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Operating Earnings -
Cement		$	58,752			$	50,716			$	101,933			$	82,316
Gypsum Wallboard			39,575				41,698				83,396				81,034
Paperboard			6,517				10,220				11,455				21,447
Oil and Gas Proppants			(1,754	)			(4,090	)			(3,780	)			(10,002	)
Concrete and Aggregates			5,619				4,813				11,640				8,497
Sub-total			108,709				103,357				204,644				183,292
Corporate General and Administrative			(9,821	)			(8,832	)			(19,500	)			(18,665	)
Other Income			887				504				1,644				1,579
Earnings Before Interest and Income Taxes			99,775				95,029				186,788				166,206
Interest Expense, net			(7,456	)			(5,656	)			(14,939	)			(9,557	)
Earnings Before Income Taxes		$	92,319			$	89,373			$	171,849			$	156,649
Cement Operating Earnings -
Wholly–owned Operations		$	46,797			$	38,569			$	80,102			$	62,189
Joint Venture			11,955				12,147				21,831				20,127
		$	58,752			$	50,716			$	101,933			$	82,316
Capital Expenditures -
Cement		$	13,014			$	5,009			$	20,732			$	10,254
Gypsum Wallboard			5,219				2,097				10,861				3,425
Paperboard			659				400				1,423				1,704
Oil and Gas Proppants			13,781				8				14,360				65
Concrete and Aggregates			1,118				1,506				2,530				2,550
Corporate and Other			140				233				185				233
		$	33,931			$	9,253			$	50,091			$	18,231
Depreciation, Depletion and Amortization -
Cement		$	12,662			$	8,784			$	25,141			$	17,395
Gypsum Wallboard			4,473				4,768				8,915				9,530
Paperboard			2,172				2,106				4,309				4,206
Oil and Gas Proppants			8,518				4,261				16,124				9,445
Concrete and Aggregates			1,929				1,920				3,844				3,669
Corporate and Other			552				547				920				1,004
		$	30,306			$	22,386			$	59,253			$	45,249

		As of
		September 30, 2017				March 31, 2017
		(dollars in thousands)
Identifiable Assets -
Cement		$	1,244,725			$	1,234,617
Gypsum Wallboard			378,927				379,414
Paperboard			123,527				124,356
Oil and Gas Proppants			380,838				376,306
Concrete and Aggregates			107,831				110,413
Corporate and Other			85,193				22,018
		$	2,321,041			$	2,247,124

Segment Breakdown of Goodwill

The segment breakdown of goodwill is as follows:

		As of
		September 30, 2017				March 31, 2017
		(dollars in thousands)
Cement		$	74,214			$	74,214
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
Corporate and Other			6,841				—
		$	205,211			$	198,370

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,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Revenues		$	54,000			$	55,458			$	111,818			$	105,334
Gross Margin		$	24,938			$	25,588			$	46,251			$	42,925
Earnings Before Income Taxes		$	23,910			$	24,294			$	43,662			$	40,254

		As of
		September 30, 2017				March 31, 2017
		(dollars in thousands)
Current Assets		$	68,955			$	73,767
Non-Current Assets		$	66,473			$	42,337
Current Liabilities		$	32,718			$	22,293

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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