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SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 2018

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 Ended December 31,								For the Nine Months Ended December 31,
		2018				2017				2018				2017
		(dollars in thousands)
Revenue -
Cement		$	163,732			$	161,601			$	543,681			$	536,186
Concrete and Aggregates			30,841				38,742				111,425				126,092
Gypsum Wallboard			130,954				133,348				402,978				383,229
Paperboard			39,638				48,389				126,048				138,161
Oil and Gas Proppants			14,100				26,392				65,266				67,324
			379,265				408,472				1,249,398				1,250,992
Less: Intersegment Revenue			(20,611	)			(23,575	)			(62,746	)			(69,489	)
Less: Joint Venture Revenue			(25,369	)			(25,526	)			(78,112	)			(79,696	)
		$	333,285			$	359,371			$	1,108,540			$	1,101,807

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2018				2017				2018				2017
		(dollars in thousands)
Intersegment Revenue -
Cement		$	3,518			$	4,160			$	11,769			$	13,743
Concrete and Aggregates			346				288				1,178				1,103
Paperboard			16,747				19,127				49,799				54,643
		$	20,611			$	23,575			$	62,746			$	69,489
Cement Sales Volume (M tons) -
Wholly Owned			1,126				1,123				3,740				3,734
Joint Venture			218				216				672				686
			1,344				1,339				4,412				4,420

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2018				2017				2018				2017
		(dollars in thousands)
Operating Earnings -
Cement		$	47,197			$	52,523			$	142,078			$	154,456
Concrete and Aggregates			1,037				3,414				10,621				15,054
Gypsum Wallboard			43,543				39,841				139,694				123,237
Paperboard			7,475				10,903				26,078				22,358
Oil and Gas Proppants			(9,324	)			(743	)			(19,554	)			(4,523	)
Sub-Total			89,928				105,938				298,917				310,582
Corporate General and Administrative Expense			(9,408	)			(9,883	)			(27,333	)			(29,383	)
Litigation Settlements and Losses			—				(39,098	)			(1,800	)			(39,098	)
Other Non-Operating Income			1,292				1,084				2,291				2,728
Earnings Before Interest and Income Taxes			81,812				58,041				272,075				244,829
Interest Expense, net			(7,294	)			(6,653	)			(20,743	)			(21,592	)
Earnings Before Income Taxes		$	74,518			$	51,388			$	251,332			$	223,237
Cement Operating Earnings -
Wholly Owned		$	37,690			$	41,151			$	113,147			$	121,253
Joint Ventures			9,507				11,372				28,931				33,203
		$	47,197			$	52,523			$	142,078			$	154,456
Capital Expenditures -
Cement		$	17,691			$	11,012			$	51,524			$	31,744
Concrete and Aggregates			2,263				2,446				4,786				4,976
Gypsum Wallboard			2,054				4,616				8,533				15,477
Paperboard			1,486				1,490				7,896				2,913
Oil and Gas Proppants			5,818				13,993				48,684				28,353
Other, net			3,690				50				5,023				235
		$	33,002			$	33,607			$	126,446			$	83,698
Depreciation, Depletion and Amortization -
Cement		$	13,242			$	13,117			$	38,909			$	38,258
Concrete and Aggregates			2,049				2,007				6,154				5,851
Gypsum Wallboard			4,978				4,599				15,009				13,514
Paperboard			2,150				2,204				6,387				6,513
Oil and Gas Proppants			6,964				6,370				24,403				22,682
Corporate and Other			402				353				1,099				1,085
		$	29,785			$	28,650			$	91,961			$	87,903

		December 31,				March 31,
		2018				2018
		(dollars in thousands)
Identifiable Assets
Cement		$	1,262,380			$	1,247,504
Concrete and Aggregates			98,552				104,851
Gypsum Wallboard			370,633				386,041
Paperboard			129,366				123,819
Oil and Gas Proppants			462,327				444,826
Other, net			32,158				60,962
		$	2,355,416			$	2,368,003

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		December 31,				March 31,
		2018				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				6,841
		$	205,211			$	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 amounts):

		For the Three Months Ended December 31,								For the Nine Months Ended December 31,
		2018				2017				2018				2017
		(dollars in thousands)
Revenue		$	51,411			$	51,311			$	158,922			$	163,128
Gross Margin		$	20,178			$	23,421			$	62,196			$	69,672
Earnings Before Income Taxes		$	19,013			$	22,745			$	57,862			$	66,407

		December 31,				March 31,
		2018				2018
		(dollars in thousands)
Current Assets		$	71,385			$	71,089
Non-Current Assets		$	69,773			$	66,856
Current Liabilities		$	20,070			$	20,671

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