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SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

The following table sets forth certain financial information relating to our operations by segment. We do not allocate interest or taxes at the segment level; these costs are disclosed at the consolidated company level.

		For the Three Months Ended June 30,
		2019				2018
		(dollars in thousands)
Revenue -
Cement		$	195,313			$	186,788
Concrete and Aggregates			39,778				40,840
Gypsum Wallboard			126,724				142,415
Paperboard			42,700				45,133
Oil and Gas Proppants			15,232				27,700
			419,747				442,876
Less: Intersegment Revenue			(21,645	)			(21,856	)
Less: Joint Venture Revenue			(27,505	)			(27,264	)
		$	370,597			$	393,756

		For the Three Months Ended June 30,
		2019				2018
		(dollars in thousands)
Intersegment Revenue -
Cement		$	4,253			$	4,178
Concrete and Aggregates			377				331
Paperboard			17,015				17,347
		$	21,645			$	21,856
Cement Sales Volume (M tons) -
Wholly Owned			1,318				1,275
Joint Venture			232				236
			1,550				1,511

		For the Three Months Ended June 30,
		2019				2018
		(dollars in thousands)
Operating Earnings -
Cement		$	36,121			$	37,334
Concrete and Aggregates			4,434				5,484
Gypsum Wallboard			37,932				50,480
Paperboard			9,944				9,994
Oil and Gas Proppants			(3,670	)			(2,407	)
Sub-Total			84,761				100,885
Corporate General and Administrative Expense			(21,254	)			(8,003	)
Litigation Settlements and Losses			—				(1,800	)
Other Non-Operating Income			200				571
Earnings Before Interest and Income Taxes			63,707				91,653
Interest Expense, net			(8,846	)			(6,632	)
Earnings Before Income Taxes		$	54,861			$	85,021
Cement Operating Earnings -
Wholly Owned		$	26,689			$	28,083
Joint Ventures			9,432				9,251
		$	36,121			$	37,334
Capital Expenditures -
Cement		$	10,537			$	19,613
Concrete and Aggregates			595				2,064
Gypsum Wallboard			1,931				2,355
Paperboard			12,360				1,065
Oil and Gas Proppants			65				27,636
Other, net			—				340
		$	25,488			$	53,073
Depreciation, Depletion, and Amortization -
Cement		$	14,218			$	12,921
Concrete and Aggregates			2,191				2,053
Gypsum Wallboard			4,952				4,830
Paperboard			2,163				2,109
Oil and Gas Proppants			3,839				7,595
Corporate and Other			597				342
		$	27,960			$	29,850

		June 30,				March 31,
		2019				2019
		(dollars in thousands)
Identifiable Assets
Cement		$	1,331,042			$	1,289,468
Concrete and Aggregates			107,127				95,084
Gypsum Wallboard			372,961				372,206
Paperboard			148,148				138,614
Oil and Gas Proppants			265,318				236,357
Other, net			44,482				37,434
		$	2,269,078			$	2,169,163

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		June 30,				March 31,
		2019				2019
		(dollars in thousands)
Cement		$	74,214			$	74,214
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
		$	198,370			$	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 June 30,
		2019				2018
		(dollars in thousands)
Revenue		$	55,010			$	54,528
Gross Margin		$	19,866			$	20,141
Earnings Before Income Taxes		$	19,017			$	18,658

		June 30,				March 31,
		2019				2019
		(dollars in thousands)
Current Assets		$	80,834			$	71,688
Non-Current Assets		$	84,859			$	81,007
Current Liabilities		$	16,569			$	19,309

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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