XML 62 R26.htm IDEA: XBRL DOCUMENT v3.20.1

SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Inventories

Inventories consist of the following:

		March 31,
		2020				2019
		(dollars in thousands)
Raw Materials and Materials-in-Progress		$	110,558			$	125,828
Finished Cement			43,538				27,826
Aggregates			8,416				7,351
Gypsum Wallboard			4,211				7,124
Paperboard			5,715				15,660
Frac Sand			386				2,557
Repair Parts and Supplies			88,095				80,676
Fuel and Coal			11,589				8,172
		$	272,508			$	275,194

Schedule of Property, Plant and Equipment Estimated Useful Lives

The estimated useful lives of the related assets are as follows:

Plants		20 to 30 years
Buildings		20 to 40 years
Machinery and Equipment		3 to 25 years

Schedule of Intangible Assets, Including Impact of Impairment Charge

Intangible Assets, including the impact of the impairment charges discussed above, at March 31, 2020 and 2019, consist of the following:

		March 31, 2020
		Amortization Period		Cost				Additions				Accumulated Amortization				Net
		(dollars in thousands)
Goodwill and Intangible Assets:
Customer Contracts and Relationships		15 years		$	72,260			$	33,550			$	(62,950	)		$	42,860
Permits		25-40 years			28,640				1,770				(9,889	)			20,521
Trade Name		15 years			—				1,500				(10	)			1,490
Goodwill					198,371				133,221				—				331,592
Total Goodwill and Intangible Assets				$	299,271			$	170,041			$	(72,849	)		$	396,463

		March 31, 2019
		Amortization Period		Cost				Accumulated Amortization				Impairment				Net
		(dollars in thousands)
Goodwill and Intangible Assets:
Customer Contracts and Relationships		15 years		$	72,260			$	(61,009	)		$	(178	)		$	11,073
Sales Contracts		4 years			2,500				(2,500	)			—				—
Permits		40 years			28,640				(8,968	)			—				19,672
Goodwill					205,211				—				(6,841	)			198,370
Total Goodwill and Intangible Assets				$	308,611			$	(72,477	)		$	(7,019	)		$	229,115

Summary of Impact of Impairment on Net Book Value of Assets

The following is a summary of the impairment on the net book value of the long-lived assets:

		Net Book Value Before Impairment				Impairment				Net Book Value After Impairment
		(dollars in thousands)
Operating Facilities		$	331,520			$	(151,910	)		$	179,610
Transload Locations			86,741				(59,354	)			27,387
Real Estate			1,417				—				1,417
		$	419,678			$	(211,264	)		$	208,414

The following is a summary of the impairment on the net book value of the long-lived assets:

		Net Book Value Before Impairment				Impairment				Net Book Value After Impairment
		(dollars in thousands)
Operating Facilities		$	170,324			$	(164,449	)		$	5,875
Transload Locations			23,264				(21,815	)			1,449
Real Estate			1,417				(1,367	)			50
Lease Right-of-Use Assets			32,834				(29,146	)			3,688
		$	227,839			$	(216,777	)		$	11,062

Summary of Impairment Losses Recognized

The following is a summary of Impairment Losses recognized during fiscal 2019, by line item:

		(dollars in thousands)
Property, Equipment, and Real Estate		$	211,264
Goodwill			6,841
Inventories			1,982
Intangible Assets			178
		$	220,265

The following is a summary of Impairment Losses recognized during fiscal 2020, by line item:

		(dollars in thousands)
Property, Equipment, and Real Estate		$	187,631
Lease Right-of-Use Assets			29,146
Inventories			6,256
Accounts and Notes Receivable			617
Prepaid and Other Assets			617
		$	224,267

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information is as follows:

		For the Years Ended March 31,
		2020				2019				2018
		(dollars in thousands)
Cash Payments:
Interest		$	37,610			$	28,191			$	28,869
Income Taxes			20,046				39,974				69,481
Operating Cash Flows used for Operating Leases			14,926				—				—
Non-Cash Financing Activities:
Right-of-use Assets Obtained for Capitalized Operating Lease Liabilities		$	621			$	—			$	—

Schedule of Total Selling, General and Administrative Expenses

Total Selling, General, and Administrative expenses for each of the periods are summarized as follows:

		For the Years Ended March 31,
		2020				2019				2018
		(dollars in thousands)
Operating Units Selling, G&A		$	57,077			$	53,787			$	62,529
Corporate G&A			65,410				37,371				41,205
		$	122,487			$	91,158			$	103,734

Schedule of Earnings Per Share

		For the Years Ended March 31,
		2020				2019				2018
Weighted-Average Shares of Common Stock Outstanding			42,021,892				46,620,894				48,141,226
Effect of Dilutive Shares:
Assumed Exercise of Outstanding Dilutive Options			623,779				539,135				1,013,764
Less Shares Repurchased from Proceeds of Assumed Exercised Options			(481,853	)			(374,380	)			(727,904	)
Restricted Stock Units			121,525				146,731				218,900
Weighted-Average Common Stock and Dilutive Securities Outstanding			42,285,343				46,932,380				48,645,986

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of property plant and equipment currently in use, and the related useful lives of such equipment.

+ References

No definition available.

+ Details

Name:	exp_PropertyPlantAndEquipmentEstimatedLivesTableTextBlock
Namespace Prefix:	exp_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the selling, general and administrative expenses.

+ References

No definition available.

+ Details

Name:	exp_SellingGeneralAndAdministrativeExpensesTableTextBlock
Namespace Prefix:	exp_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of impairment losses recognized.

+ References

No definition available.

+ Details

Name:	exp_SummaryOfImpairmentLossesRecognizedTableTextBlock
Namespace Prefix:	exp_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742

+ Details

Name:	us-gaap_DetailsOfImpairmentOfLongLivedAssetsHeldAndUsedByAssetTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration