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SEGMENT INFORMATION (Tables)

3 Months Ended

Jun. 30, 2021

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,
		2021				2020
		(dollars in thousands)
Revenue
Cement		$	270,255			$	261,411
Concrete and Aggregates			44,754				44,190
Gypsum Wallboard			166,267				130,150
Paperboard			43,267				36,744
			524,543				472,495
Less: Intersegment Revenue			(26,082	)			(20,206	)
Less: Joint Venture Revenue			(22,691	)			(25,300	)
		$	475,770			$	426,989

		For the Three Months Ended June 30,
		2021				2020
		(dollars in thousands)
Intersegment Revenue
Cement		$	7,833			$	6,031
Concrete and Aggregates			—				106
Paperboard			18,249				14,069
		$	26,082			$	20,206
Cement Sales Volume (M tons)
Wholly Owned			1,852				1,866
Joint Venture			184				219
			2,036				2,085

		For the Three Months Ended June 30,
		2021				2020
		(dollars in thousands)
Operating Earnings
Cement		$	62,547			$	60,455
Concrete and Aggregates			5,344				5,418
Gypsum Wallboard			63,253				41,325
Paperboard			3,337				2,895
Sub-Total			134,481				110,093
Corporate General and Administrative Expense			(9,468	)			(17,789	)
Gain on Sale of Businesses			—				51,973
Other Non-Operating Income (Loss)			3,678				(309	)
Earnings Before Interest and Income Taxes			128,691				143,968
Interest Expense, net			(6,972	)			(14,041	)
Earnings Before Income Taxes		$	121,719			$	129,927
Cement Operating Earnings
Wholly Owned		$	54,577			$	52,659
Joint Ventures			7,970				7,796
		$	62,547			$	60,455
Capital Expenditures
Cement		$	7,967			$	10,348
Concrete and Aggregates			546				1,261
Gypsum Wallboard			1,694				6,512
Paperboard			1,117				7,870
Corporate and Other			611				—
		$	11,935			$	25,991
Depreciation, Depletion, and Amortization
Cement		$	19,531			$	19,243
Concrete and Aggregates			2,578				2,721
Gypsum Wallboard			5,396				5,200
Paperboard			3,668				3,352
Corporate and Other			771				1,300
		$	31,944			$	31,816
Discontinued Operations
Depreciation, Depletion, and Amortization		$	—			$	121

		June 30,				March 31,
		2021				2021
		(dollars in thousands)
Identifiable Assets
Cement		$	1,902,811			$	1,898,930
Concrete and Aggregates			91,306				88,410
Gypsum Wallboard			365,084				366,352
Paperboard			185,287				186,156
Corporate and Other			346,342				298,833
		$	2,890,830			$	2,838,681

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		June 30,				March 31,
		2021				2021
		(dollars in thousands)
Cement		$	203,342			$	203,342
Concrete and Aggregates			1,639				1,639
Gypsum Wallboard			116,618				116,618
Paperboard			7,538				7,538
		$	329,137			$	329,137

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,
		2021				2020
		(dollars in thousands)
Revenue		$	45,382			$	50,600
Gross Margin		$	16,833			$	16,765
Earnings Before Income Taxes		$	16,189			$	15,727

		June 30,				March 31,
		2021				2021
		(dollars in thousands)
Current Assets		$	67,254			$	66,871
Non-Current Assets		$	107,390			$	107,617
Current Liabilities		$	15,043			$	16,390

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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
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 280
-SubTopic 10
-Section 50
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