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BUSINESS SEGMENTS (Tables)

12 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Financial Information Related to Operations by Segment

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

		For the Years Ended March 31,
		2020				2019				2018
		(dollars in thousands)
Revenue -
Cement		$	752,002			$	656,759			$	651,750
Concrete and Aggregates			182,775				140,173				157,013
Gypsum Wallboard			508,145				532,712				491,779
Paperboard			159,963				167,656				181,742
Oil and Gas Proppants			46,781				82,987				98,244
			1,649,666				1,580,287				1,580,528
Less: Intersegment Revenue			(85,316	)			(82,553	)			(88,124	)
Less: Joint Venture Revenue			(113,536	)			(104,493	)			(105,884	)
		$	1,450,814			$	1,393,241			$	1,386,520

		For the Years Ended March 31,
		2020				2019				2018
		(dollars in thousands)
Intersegment Revenue -
Cement		$	21,499			$	14,408			$	16,442
Concrete and Aggregates			1,502				1,422				1,335
Paperboard			62,315				66,723				70,347
		$	85,316			$	82,553			$	88,124
Cement Sales Volume (M tons) -
Wholly Owned			4,975				4,441				4,453
Joint Venture			956				899				912
			5,931				5,340				5,365

		For the Years Ended March 31,
		2020				2019				2018
					(dollars in thousands)
Operating Earnings -
Cement		$	181,330			$	164,782			$	179,151
Concrete and Aggregates			17,558				12,866				17,854
Gypsum Wallboard			154,614				180,831				158,551
Paperboard			34,979				35,349				32,758
Oil and Gas Proppants			(14,634	)			(28,695	)			(6,139	)
Sub-Total			373,847				365,133				382,175
Corporate General and Administrative Expense			(65,410	)			(37,371	)			(41,205	)
Impairment Losses			(224,267	)			(220,265	)			—
Litigation Settlements and Losses			—				(1,800	)			(45,098	)
Other Non-Operating Income			(25	)			2,412				3,728
Earnings Before Interest and Income Taxes			84,145				108,109				299,600
Interest Expense, net			(38,421	)			(28,374	)			(27,638	)
Earnings Before Income Taxes		$	45,724			$	79,735			$	271,962
Cement Operating Earnings -
Wholly Owned		$	138,745			$	126,217			$	135,732
Joint Ventures			42,585				38,565				43,419
		$	181,330			$	164,782			$	179,151
Capital Expenditures -
Cement		$	44,776			$	76,504			$	45,088
Concrete and Aggregates			11,898				6,649				4,977
Gypsum Wallboard			12,771				10,724				19,382
Paperboard			62,528				16,603				5,177
Oil and Gas Proppants			146				52,286				56,872
Other, net			—				6,107				461
		$	132,119			$	168,873			$	131,957
Depreciation, Depletion, and Amortization -
Cement		$	59,081			$	52,802			$	50,891
Concrete and Aggregates			11,142				8,176				7,931
Gypsum Wallboard			20,320				20,020				18,179
Paperboard			8,945				8,541				8,694
Oil and Gas Proppants			11,310				31,328				26,872
Corporate and Other			2,720				1,668				1,448
		$	113,518			$	122,535			$	114,015

		As of March 31,
		2020				2019				2018
		(dollars in thousands)
Identifiable Assets
Cement		$	1,980,306			$	1,289,468			$	1,247,504
Concrete and Aggregates			136,041				95,084				104,851
Gypsum Wallboard			375,946				372,206				386,041
Paperboard			183,288				138,614				123,819
Oil and Gas Proppants			14,294				236,357				444,826
Other, net			271,145				37,434				60,962
		$	2,961,020			$	2,169,163			$	2,368,003

Segment Breakdown of Goodwill

The segment breakdown of Goodwill at March 31, 2020 and 2019 is as follows:

		For the Years Ended March 31,
		2020				2019
		(dollars in thousands)
Cement		$	205,797			$	74,214
Concrete and Aggregates			1,639				—
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
		$	331,592			$	198,370

X

- Definition

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

+ References

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-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

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

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-Publisher FASB
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