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ACQUISITIONS (Tables)
 12 Months Ended
Mar. 31, 2023
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the Purchase Price to assets acquired and liabilities assumed:

 

 

 

(dollars in thousands)

 

Working Capital

 

$

10,780

 

Property, Plant, and Equipment

 

 

39,489

 

Intangible Assets

 

 

30,750

 

Goodwill

 

 

39,135

 

Total Purchase Price

 

$

120,154

 
Schedule of Revenue and Operating Earnings Related to Business Acquisition

The following table presents the Revenue and Operating Earnings related to the ConAgg Acquisition that has been included in our Consolidated Statement of Earnings from April 22, 2022 through March 31, 2023.

 

 

 

For the Year Ended March 31,

 

 

 

2023

 

 

 

(dollars in thousands)

 

Revenue

 

$

44,546

 

Operating Earnings

 

$

1,615

 
Terminal Acquisition [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes allocation of the Terminal Acquisition purchase price to the assets acquired and liabilities assumed:

 

 

(dollars in thousands)

 

Working Capital

 

$

1,116

 

Property, Plant, and Equipment

 

 

23,301

 

Intangible Assets

 

 

2,589

 

Goodwill

 

 

12,439

 

Total Purchase Price

 

$

39,445

 

 

All Goodwill generated by the ConAgg and Terminal Acquisitions is deductible for income tax purposes.

Subsequent Acquisition

On May 3, 2023, we acquired a cement import distribution terminal in Stockton, California (the Stockton Acquisition). The Stockton Acquisition will be included in our Heavy Materials sector, in the Cement business segment, in fiscal 2024.