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SEGMENT INFORMATION (Tables)

6 Months Ended

Sep. 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 September 30,								For the Six Months Ended September 30,
		2021				2020				2021				2020
		(dollars in thousands)
Revenue
Cement		$	288,324			$	278,062			$	558,579			$	539,473
Concrete and Aggregates			52,750				46,300				97,504				90,490
Gypsum Wallboard			172,985				131,210				339,252				261,360
Paperboard			47,798				46,071				91,065				82,815
			561,857				501,643				1,086,400				974,138
Less: Intersegment Revenue			(25,237	)			(26,766	)			(51,319	)			(46,972	)
Less: Joint Venture Revenue			(26,926	)			(27,193	)			(49,617	)			(52,493	)
		$	509,694			$	447,684			$	985,464			$	874,673

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2021				2020				2021				2020
		(dollars in thousands)
Intersegment Revenue
Cement		$	5,223			$	6,267			$	13,056			$	12,298
Concrete and Aggregates			—				—				—				106
Paperboard			20,014				20,499				38,263				34,568
		$	25,237			$	26,766			$	51,319			$	46,972
Cement Sales Volume (M tons)
Wholly Owned			1,983				1,947				3,835				3,813
Joint Venture			215				233				399				452
			2,198				2,180				4,234				4,265

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2021				2020				2021				2020
		(dollars in thousands)								(dollars in thousands)
Operating Earnings
Cement		$	88,750			$	79,913			$	151,297			$	140,368
Concrete and Aggregates			7,539				5,255				12,883				10,673
Gypsum Wallboard			66,331				37,606				129,584				78,931
Paperboard			981				10,652				4,318				13,547
Sub-Total			163,601				133,426				298,082				243,519
Corporate General and Administrative Expense			(10,667	)			(11,109	)			(20,135	)			(28,898	)
Early Retirement of Senior Notes			(8,407	)			—				(8,407	)			—
Gain on Sale of Businesses			—				—				—				51,973
Other Non-Operating Income (Loss)			(944	)			(90	)			2,734				(399	)
Earnings Before Interest and Income Taxes			143,583				122,227				272,274				266,195
Interest Expense, net			(12,268	)			(12,556	)			(19,240	)			(26,597	)
Earnings from Continuing Operations Before Income Taxes		$	131,315			$	109,671			$	253,034			$	239,598
Cement Operating Earnings -
Wholly Owned		$	80,490			$	69,336			$	135,067			$	121,995
Joint Venture			8,260				10,577				16,230				18,373
		$	88,750			$	79,913			$	151,297			$	140,368
Capital Expenditures
Cement		$	6,976			$	7,909			$	14,943			$	18,257
Concrete and Aggregates			527				41				1,073				1,302
Gypsum Wallboard			6,345				4,070				8,039				10,582
Paperboard			375				2,665				1,492				10,535
Corporate and Other			619				—				1,230				—
		$	14,842			$	14,685			$	26,777			$	40,676
Depreciation, Depletion, and Amortization
Cement		$	20,019			$	19,258			$	39,550			$	38,501
Concrete and Aggregates			2,470				2,698				5,048				5,419
Gypsum Wallboard			5,484				5,661				10,880				10,861
Paperboard			3,663				3,344				7,331				6,696
Corporate and Other			704				1,201				1,475				2,501
		$	32,340			$	32,162			$	64,284			$	63,978
Discontinued Operations
Capital Expenditures		$	—			$	—			$	—			$	—
Depreciation, Depletion, and Amortization		$	—			$	100			$	—			$	221

		September 30,				March 31,
		2021				2021
		(dollars in thousands)
Identifiable Assets
Cement		$	1,889,037			$	1,898,930
Concrete and Aggregates			93,550				88,410
Gypsum Wallboard			366,276				366,352
Paperboard			185,641				186,156
Other, net			85,324				298,833
		$	2,619,828			$	2,838,681

Segment Breakdown of Goodwill

The segment breakdown of Goodwill is as follows:

		September 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 September 30,								For the Six Months Ended September 30,
		2021				2020				2021				2020
		(dollars in thousands)								(dollars in thousands)
Revenue		$	53,852			$	54,387			$	99,234			$	104,987
Gross Margin		$	17,776			$	23,004			$	34,609			$	39,769
Earnings Before Income Taxes		$	16,519			$	21,154			$	32,459			$	36,745

		September 30,				March 31,
		2021				2021
		(dollars in thousands)
Current Assets		$	68,028			$	66,871
Noncurrent Assets		$	110,571			$	107,617
Current Liabilities		$	17,586			$	16,390

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