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SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 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 Nine Months
		Ended December 31,								Ended December 31,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Revenues -
Cement		$	161,601			$	138,047			$	536,186			$	449,650
Gypsum Wallboard			133,348				121,504				383,229				357,689
Paperboard			48,389				41,254				138,161				128,528
Oil and Gas Proppants			21,947				7,124				62,879				18,851
Concrete and Aggregates			38,742				40,843				126,092				114,734
Other			4,445				—				4,445				—
Sub-total			408,472				348,772				1,250,992				1,069,452
Less: Intersegment Revenues			(23,575	)			(20,468	)			(69,489	)			(59,123	)
Net Revenues, including Joint Venture			384,897				328,304				1,181,503				1,010,329
Less: Joint Venture			(25,526	)			(25,909	)			(79,696	)			(77,772	)
Net Revenues		$	359,371			$	302,395			$	1,101,807			$	932,557

		For the Three Months								For the Nine Months
		Ended December 31,								Ended December 31,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Intersegment Revenues -
Cement		$	4,160			$	4,336			$	13,743			$	12,407
Paperboard			19,127				15,887				54,643				45,845
Concrete and Aggregates			288				245				1,103				871
		$	23,575			$	20,468			$	69,489			$	59,123
Cement Sales Volume (in thousands of tons) -
Wholly –owned Operations			1,123				967				3,734				3,200
Joint Venture			216				231				686				691
			1,339				1,198				4,420				3,891

		For the Three Months								For the Nine Months
		Ended December 31,								Ended December 31,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Operating Earnings -
Cement		$	52,523			$	45,307			$	154,456			$	127,623
Gypsum Wallboard			39,841				41,075				123,237				122,109
Paperboard			10,903				9,380				22,358				30,827
Oil and Gas Proppants			(1,007	)			(1,726	)			(4,787	)			(11,728	)
Concrete and Aggregates			3,414				4,588				15,054				13,085
Other			264				—				264				—
Sub-total			105,938				98,624				310,582				281,916
Corporate General and Administrative			(9,883	)			(9,166	)			(29,383	)			(27,831	)
Legal Settlement			(39,098	)			—				(39,098	)			—
Other Non-Operating Income			1,084				429				2,728				2,008
Earnings Before Interest and Income Taxes			58,041				89,887				244,829				256,093
Interest Expense, net			(6,653	)			(6,198	)			(21,592	)			(15,755	)
Earnings Before Income Taxes		$	51,388			$	83,689			$	223,237			$	240,338
Cement Operating Earnings -
Wholly–owned Operations		$	41,151			$	34,063			$	121,253			$	96,252
Joint Venture			11,372				11,244				33,203				31,371
		$	52,523			$	45,307			$	154,456			$	127,623
Capital Expenditures -
Cement		$	11,012			$	8,558			$	31,744			$	18,812
Gypsum Wallboard			4,616				1,756				15,477				5,181
Paperboard			1,490				634				2,913				2,338
Oil and Gas Proppants			13,896				1,469				28,256				1,534
Concrete and Aggregates			2,446				3,045				4,976				5,595
Corporate and Other			147				350				332				583
		$	33,607			$	15,812			$	83,698			$	34,043
Depreciation, Depletion and Amortization -
Cement		$	13,117			$	8,763			$	38,258			$	26,158
Gypsum Wallboard			4,599				4,636				13,514				14,166
Paperboard			2,204				2,105				6,513				6,311
Oil and Gas Proppants			5,820				4,987				21,944				14,432
Concrete and Aggregates			2,007				1,805				5,851				5,474
Corporate and Other			903				349				1,823				1,353
		$	28,650			$	22,645			$	87,903			$	67,894

		As of
		December 31, 2017				March 31, 2017
		(dollars in thousands)
Identifiable Assets -
Cement		$	1,233,099			$	1,234,617
Gypsum Wallboard			376,731				379,414
Paperboard			120,603				124,356
Oil and Gas Proppants			385,719				376,306
Concrete and Aggregates			103,631				110,413
Corporate and Other			88,260				22,018
		$	2,308,043			$	2,247,124

Segment Breakdown of Goodwill

The segment breakdown of goodwill is as follows:

		As of
		December 31, 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 December 31,								For the Nine Months Ended December 31,
		2017				2016				2017				2016
		(dollars in thousands)								(dollars in thousands)
Revenues		$	51,311			$	53,018			$	163,128			$	158,351
Gross Margin		$	23,421			$	23,887			$	69,672			$	66,812
Earnings Before Income Taxes		$	22,745			$	22,488			$	66,407			$	62,742

		As of
		December 31, 2017				March 31, 2017
		(dollars in thousands)
Current Assets		$	67,380			$	73,767
Non-Current Assets		$	66,836			$	42,337
Current Liabilities		$	27,501			$	22,293

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

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-Publisher FASB
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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