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INVENTORIES (Tables)
9 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories are stated at the lower of average cost (including applicable material, labor, depreciation, and plant overhead) or net realizable value. Raw Materials and Materials-in-Progress include clinker, which is an intermediary product before it is ground into cement powder. Quantities of Raw Materials and Materials-in-Progress, Aggregates, and Coal inventories, are based on measured volumes, subject to estimation based on the size and location of the inventory piles, and are converted to tonnage using standard inventory density factors. Inventories consist of the following:

 

 

 

December 31,

 

 

March 31,

 

 

 

2021

 

 

2021

 

 

 

(dollars in thousands)

 

Raw Materials and Materials-in-Progress

 

$

63,068

 

 

$

92,696

 

Finished Cement

 

 

32,010

 

 

 

34,362

 

Aggregates

 

 

3,669

 

 

 

2,933

 

Gypsum Wallboard

 

 

6,183

 

 

 

4,177

 

Paperboard

 

 

7,271

 

 

 

5,031

 

Repair Parts and Supplies

 

 

90,549

 

 

 

86,750

 

Fuel and Coal

 

 

9,228

 

 

 

9,800

 

 

 

$

211,978

 

 

$

235,749