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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 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 September 30,								For the Six Months Ended September 30,
		2019				2018				2019				2018
		(dollars in thousands)
Revenue -
Cement		$	227,013			$	193,161			$	422,326			$	379,949
Concrete and Aggregates			55,971				39,744				95,749				80,584
Gypsum Wallboard			128,660				129,609				255,384				272,024
Paperboard			41,847				41,277				84,547				86,410
Oil and Gas Proppants			13,957				23,466				29,189				51,166
			467,448				427,257				887,195				870,133
Less: Intersegment Revenue			(23,034	)			(20,279	)			(44,679	)			(42,135	)
Less: Joint Venture Revenue			(29,888	)			(25,479	)			(57,393	)			(52,743	)
		$	414,526			$	381,499			$	785,123			$	775,255

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2019				2018				2019				2018
		(dollars in thousands)
Intersegment Revenue -
Cement		$	6,703			$	4,073			$	10,956			$	8,251
Concrete and Aggregates			407				501				784				832
Paperboard			15,924				15,705				32,939				33,052
		$	23,034			$	20,279			$	44,679			$	42,135
Cement Sales Volume (M tons) -
Wholly Owned			1,529				1,339				2,847				2,614
Joint Venture			249				218				481				454
			1,778				1,557				3,328				3,068

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2019				2018				2019				2018
		(dollars in thousands)
Operating Earnings -
Cement		$	66,526			$	57,547			$	102,647			$	94,881
Concrete and Aggregates			7,255				4,100				11,689				9,584
Gypsum Wallboard			38,456				45,671				76,388				96,151
Paperboard			10,095				8,609				20,039				18,603
Oil and Gas Proppants			(5,469	)			(7,823	)			(9,139	)			(10,230	)
Sub-Total			116,863				108,104				201,624				208,989
Corporate General and Administrative Expense			(13,458	)			(9,922	)			(34,712	)			(17,925	)
Litigation Settlements and Losses			—				—				—				(1,800	)
Other Non-Operating Income			942				428				1,142				999
Earnings Before Interest and Income Taxes			104,347				98,610				168,054				190,263
Interest Expense, net			(10,137	)			(6,817	)			(18,983	)			(13,449	)
Earnings Before Income Taxes		$	94,210			$	91,793			$	149,071			$	176,814
Cement Operating Earnings -
Wholly Owned		$	54,169			$	47,374			$	80,858			$	75,457
Joint Ventures			12,357				10,173				21,789				19,424
		$	66,526			$	57,547			$	102,647			$	94,881
Capital Expenditures -
Cement		$	8,209			$	14,220			$	18,746			$	33,833
Concrete and Aggregates			5,496				459				6,091				2,523
Gypsum Wallboard			6,443				4,124				8,374				6,479
Paperboard			17,239				5,345				29,599				6,410
Oil and Gas Proppants			—				14,917				65				42,866
Corporate and Other			—				1,306				—				1,333
		$	37,387			$	40,371			$	62,875			$	93,444
Depreciation, Depletion, and Amortization -
Cement		$	13,868			$	12,746			$	28,086			$	25,667
Concrete and Aggregates			2,754				2,052				4,945				4,105
Gypsum Wallboard			5,147				5,201				10,099				10,031
Paperboard			2,203				2,128				4,366				4,237
Oil and Gas Proppants			3,803				9,851				7,642				17,446
Corporate and Other			598				348				1,195				690
		$	28,373			$	32,326			$	56,333			$	62,176

		September 30,				March 31,
		2019				2019
		(dollars in thousands)
Identifiable Assets
Cement		$	1,312,488			$	1,289,468
Concrete and Aggregates			149,351				95,084
Gypsum Wallboard			368,088				372,206
Paperboard			159,457				138,614
Oil and Gas Proppants			258,739				236,357
Other, net			78,088				37,434
		$	2,326,211			$	2,169,163

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		September 30,				March 31,
		2019				2019
		(dollars in thousands)
Cement		$	74,214			$	74,214
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
Concrete and Aggregates			1,639				—
		$	200,009			$	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,
		2019				2018				2019				2018
		(dollars in thousands)
Revenue		$	59,775			$	51,859			$	115,617			$	107,510
Gross Margin		$	26,191			$	21,877			$	46,056			$	42,018
Earnings Before Income Taxes		$	24,713			$	20,345			$	43,577			$	38,849

		September 30,				March 31,
		2019				2019
		(dollars in thousands)
Current Assets		$	80,794			$	71,688
Non-Current Assets		$	86,523			$	81,007
Current Liabilities		$	18,863			$	19,309

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