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SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2020

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,
		2020				2019
		(dollars in thousands)
Revenue -
Cement		$	261,411			$	195,313
Concrete and Aggregates			44,190				39,778
Gypsum Wallboard			130,150				126,724
Paperboard			36,744				42,700
Oil and Gas Proppants			1,031				15,232
			473,526				419,747
Less: Intersegment Revenue			(20,206	)			(21,645	)
Less: Joint Venture Revenue			(25,300	)			(27,505	)
		$	428,020			$	370,597

		For the Three Months Ended June 30,
		2020				2019
		(dollars in thousands)
Intersegment Revenue -
Cement		$	6,031			$	4,253
Concrete and Aggregates			106				377
Paperboard			14,069				17,015
		$	20,206			$	21,645
Cement Sales Volume (M tons) -
Wholly Owned			1,866				1,318
Joint Venture			219				232
			2,085				1,550

		For the Three Months Ended June 30,
		2020				2019
		(dollars in thousands)
Operating Earnings -
Cement		$	60,455			$	36,121
Concrete and Aggregates			5,418				4,434
Gypsum Wallboard			41,325				37,932
Paperboard			2,895				9,944
Oil and Gas Proppants			(1,318	)			(3,670	)
Sub-Total			108,775				84,761
Corporate General and Administrative Expense			(17,789	)			(21,254	)
Gain on Sale of Businesses			51,973				—
Other Non-Operating Income (Loss)			(127	)			200
Earnings Before Interest and Income Taxes			142,832				63,707
Interest Expense, net			(14,041	)			(8,846	)
Earnings Before Income Taxes		$	128,791			$	54,861
Cement Operating Earnings -
Wholly Owned		$	52,659			$	26,689
Joint Ventures			7,796				9,432
		$	60,455			$	36,121
Capital Expenditures -
Cement		$	10,348			$	10,537
Concrete and Aggregates			1,261				595
Gypsum Wallboard			6,512				1,931
Paperboard			7,870				12,360
Oil and Gas Proppants			—				65
Other, net			—				—
		$	25,991			$	25,488
Depreciation, Depletion, and Amortization -
Cement		$	19,243			$	14,218
Concrete and Aggregates			2,721				2,191
Gypsum Wallboard			5,200				4,952
Paperboard			3,352				2,163
Oil and Gas Proppants			121				3,839
Corporate and Other			1,300				597
		$	31,937			$	27,960

		June 30,				March 31,
		2020				2020
		(dollars in thousands)
Identifiable Assets
Cement		$	1,999,175			$	1,980,306
Concrete and Aggregates			99,298				136,041
Gypsum Wallboard			372,628				375,946
Paperboard			187,511				183,288
Oil and Gas Proppants			8,047				14,294
Other, net			348,505				271,145
		$	3,015,164			$	2,961,020

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		June 30,				March 31,
		2020				2020
		(dollars in thousands)
Cement		$	203,342			$	205,797
Concrete and Aggregates			1,639				1,639
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
		$	329,137			$	331,592

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,
		2020				2019
		(dollars in thousands)
Revenue		$	50,600			$	55,010
Gross Margin		$	16,765			$	19,866
Earnings Before Income Taxes		$	15,727			$	19,017

		June 30,				March 31,
		2020				2020
		(dollars in thousands)
Current Assets		$	70,153			$	77,331
Non-Current Assets		$	99,488			$	93,093
Current Liabilities		$	18,302			$	17,197

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Schedule of Assets Liabilities and Results of Operations for Unconsolidated Joint Ventures, Table.

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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