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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 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 September 30,								For the Six Months Ended September 30,
		2020				2019				2020				2019
		(dollars in thousands)
Revenue -
Cement		$	278,062			$	227,013			$	539,473			$	422,326
Concrete and Aggregates			46,300				55,971				90,490				95,749
Gypsum Wallboard			131,210				128,660				261,360				255,384
Paperboard			46,071				41,847				82,815				84,547
			501,643				453,491				974,138				858,006
Less: Intersegment Revenue			(26,766	)			(23,034	)			(46,972	)			(44,679	)
Less: Joint Venture Revenue			(27,193	)			(29,888	)			(52,493	)			(57,393	)
		$	447,684			$	400,569			$	874,673			$	755,934

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2020				2019				2020				2019
		(dollars in thousands)
Intersegment Revenue -
Cement		$	6,267			$	6,703			$	12,298			$	10,956
Concrete and Aggregates			—				407				106				784
Paperboard			20,499				15,924				34,568				32,939
		$	26,766			$	23,034			$	46,972			$	44,679
Cement Sales Volume (M tons) -
Wholly Owned			1,947				1,529				3,813				2,847
Joint Venture			233				249				452				481
			2,180				1,778				4,265				3,328

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2020				2019				2020				2019
		(dollars in thousands)								(dollars in thousands)
Operating Earnings -
Cement		$	79,913			$	66,526			$	140,368			$	102,647
Concrete and Aggregates			5,255				7,255				10,673				11,689
Gypsum Wallboard			37,606				38,456				78,931				76,388
Paperboard			10,652				10,095				13,547				20,039
Other			—				(955	)			—				(1,860	)
Sub-Total			133,426				121,377				243,519				208,903
Corporate General and Administrative Expense			(11,109	)			(13,458	)			(28,898	)			(34,712	)
Gain on Sale of Businesses			—				—				51,973				—
Other Non-Operating Income (Loss)			(90	)			585				(399	)			723
Earnings Before Interest and Income Taxes			122,227				108,504				266,195				174,914
Interest Expense, net			(12,556	)			(10,137	)			(26,597	)			(18,983	)
Earnings from Continuing Operations Before Income Taxes		$	109,671			$	98,367			$	239,598			$	155,931
Cement Operating Earnings -
Wholly Owned		$	69,336			$	54,169			$	121,995			$	80,858
Joint Venture			10,577				12,357				18,373				21,789
		$	79,913			$	66,526			$	140,368			$	102,647
Capital Expenditures -
Cement		$	7,909			$	8,209			$	18,257			$	18,746
Concrete and Aggregates			41				5,496				1,302				6,091
Gypsum Wallboard			4,070				6,443				10,582				8,374
Paperboard			2,665				17,239				10,535				29,599
		$	14,685			$	37,387			$	40,676			$	62,810
Depreciation, Depletion, and Amortization -
Cement		$	19,258			$	13,868			$	38,501			$	28,086
Concrete and Aggregates			2,698				2,754				5,419				4,945
Gypsum Wallboard			5,661				5,147				10,861				10,099
Paperboard			3,344				2,203				6,696				4,366
Corporate and Other			1,201				598				2,501				1,195
		$	32,162			$	24,570			$	63,978			$	48,691
Discontinued Operations
Capital Expenditures		$	—			$	—			$	—			$	65
Depreciation, Depletion, and Amortization		$	100			$	3,803			$	221			$	7,642

		September 30,				March 31,
		2020				2020
		(dollars in thousands)
Identifiable Assets
Cement		$	1,952,280			$	1,980,306
Concrete and Aggregates			96,566				136,041
Gypsum Wallboard			369,966				375,946
Paperboard			193,259				183,288
Assets of Discontinued Operations			—				13,831
Other, net			259,212				271,608
		$	2,871,283			$	2,961,020

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		September 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 September 30,								For the Six Months Ended September 30,
		2020				2019				2020				2019
		(dollars in thousands)								(dollars in thousands)
Revenue		$	54,387			$	59,775			$	104,987			$	115,617
Gross Margin		$	23,004			$	26,191			$	39,769			$	46,056
Earnings Before Income Taxes		$	21,154			$	24,713			$	36,745			$	43,577

		September 30,				March 31,
		2020				2020
		(dollars in thousands)
Current Assets		$	70,185			$	77,331
Non-Current Assets		$	101,889			$	93,093
Current Liabilities		$	16,917			$	17,197

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