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BUSINESS SEGMENTS (Tables)

12 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The table below sets forth certain financial information relating to our operations by segment.

		For the Years Ended March 31,
		2019				2018				2017
		(dollars in thousands)
Revenue -
Cement		$	656,759			$	651,750			$	566,321
Concrete and Aggregates			140,173				157,013				154,592
Gypsum Wallboard			532,712				491,779				473,651
Paperboard			167,656				181,742				167,065
Oil and Gas Proppants			82,987				98,244				34,623
			1,580,287				1,580,528				1,396,252
Less: Intersegment Revenue			(82,553	)			(88,124	)			(79,116	)
Less: Joint Venture Revenue			(104,493	)			(105,884	)			(105,916	)
		$	1,393,241			$	1,386,520			$	1,211,220

		For the Years Ended March 31,
		2019				2018				2017
		(dollars in thousands)
Intersegment Revenue -
Cement		$	14,408			$	16,442			$	15,781
Concrete and Aggregates			1,422				1,335				1,262
Paperboard			66,723				70,347				62,073
		$	82,553			$	88,124			$	79,116
Cement Sales Volume (M tons) -
Wholly Owned			4,441				4,453				3,934
Joint Venture			899				912				937
			5,340				5,365				4,871

		For the Years Ended March 31,
		2019				2018				2017
					(dollars in thousands)
Operating Earnings -
Cement		$	164,782			$	179,151			$	153,525
Concrete and Aggregates			12,866				17,854				18,072
Gypsum Wallboard			180,831				158,551				159,866
Paperboard			35,349				32,758				37,601
Oil and Gas Proppants			(28,695	)			(6,139	)			(14,633	)
Sub-Total			365,133				382,175				354,431
Corporate General and Administrative Expense			(37,371	)			(41,205	)			(33,940	)
Impairment Losses			(220,265	)			—				—
Litigation Settlements and Losses			(1,800	)			(45,098	)			—
Other Non-Operating Income			2,412				3,728				2,139
Acquisition and Litigation Expense			—				—				(5,480	)
Earnings Before Interest and Income Taxes			108,109				299,600				317,150
Interest Expense, net			(28,374	)			(27,638	)			(22,631	)
Earnings Before Income Taxes		$	79,735			$	271,962			$	294,519
Cement Operating Earnings -
Wholly Owned		$	126,217			$	135,732			$	111,139
Joint Ventures			38,565				43,419				42,386
		$	164,782			$	179,151			$	153,525
Capital Expenditures -
Cement		$	76,504			$	45,088			$	32,790
Concrete and Aggregates			6,649				4,977				6,528
Gypsum Wallboard			10,724				19,382				11,393
Paperboard			16,603				5,177				3,996
Oil and Gas Proppants			52,286				56,872				1,534
Other, net			6,107				461				697
		$	168,873			$	131,957			$	56,938
Depreciation, Depletion and Amortization -
Cement		$	52,802			$	50,891			$	36,727
Concrete and Aggregates			8,176				7,931				7,931
Gypsum Wallboard			20,020				18,179				18,728
Paperboard			8,541				8,694				8,425
Oil and Gas Proppants			31,328				26,872				18,255
Corporate and Other			1,668				1,448				1,725
		$	122,535			$	114,015			$	91,791

		As of March 31,
		2019				2018				2017
		(dollars in thousands)
Identifiable Assets
Cement		$	1,289,468			$	1,247,504			$	1,234,617
Concrete and Aggregates			95,084				104,851				110,413
Gypsum Wallboard			372,206				386,041				379,414
Paperboard			138,614				123,819				124,356
Oil and Gas Proppants			236,357				444,826				376,306
Other, net			37,434				60,962				22,018
		$	2,169,163			$	2,368,003			$	2,247,124

Segment Breakdown of Goodwill

The segment breakdown of Goodwill at March 31, 2019 and 2018 is as follows:

		For the Years Ended March 31,
		2019				2018
		(dollars in thousands)
Cement		$	74,214			$	74,214
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
Oil and Gas Proppants			-				6,841
		$	198,370			$	205,211

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 accounts.)

		For the Years Ended March 31,
		2019				2018
		(dollars in thousands)
Revenue		$	212,818			$	216,533
Gross Margin		$	83,270			$	91,647
Earnings Before Income Taxes		$	77,131			$	86,838

		March 31, 2019				March 31, 2018
		(dollars in thousands)
Current Assets		$	71,688			$	71,089
Non-Current Assets		$	88,834			$	66,856
Current Liabilities		$	19,309			$	20,671

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Schedule of Assets Liabilities and Results of Operations for Unconsolidated Joint Ventures, Table.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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