XML 44 R36.htm IDEA: XBRL DOCUMENT
v3.23.4

SEGMENT INFORMATION (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2023
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 December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
Cement |  | $ | 308,654 |  |  | $ | 256,313 |  |  | $ | 998,437 |  |  | $ | 860,289 |
Concrete and Aggregates |  |  | 61,186 |  |  |  | 55,176 |  |  |  | 201,526 |  |  |  | 186,407 |
Gypsum Wallboard |  |  | 200,969 |  |  |  | 212,016 |  |  |  | 629,299 |  |  |  | 652,981 |
Recycled Paperboard |  |  | 47,053 |  |  |  | 47,774 |  |  |  | 135,397 |  |  |  | 155,520 |
|  |  | 617,862 |  |  |  | 571,279 |  |  |  | 1,964,659 |  |  |  | 1,855,197 |
Less: Intersegment Revenue |  |  | (32,346 | ) |  |  | (32,172 | ) |  |  | (99,356 | ) |  |  | (98,190 | )
Less: Joint Venture Revenue |  |  | (26,683 | ) |  |  | (27,620 | ) |  |  | (82,713 | ) |  |  | (79,065 | )
|  | $ | 558,833 |  |  | $ | 511,487 |  |  | $ | 1,782,590 |  |  | $ | 1,677,942 |
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |
Intersegment Revenue |  |  |  |  |  |  |  |  |  |  |  |
Cement |  | $ | 7,804 |  |  | $ | 7,719 |  |  | $ | 27,192 |  |  | $ | 26,371 |
Concrete and Aggregates |  |  | 3,414 |  |  |  | — |  |  |  | 10,235 |  |  |  | — |
Recycled Paperboard |  |  | 21,128 |  |  |  | 24,453 |  |  |  | 61,929 |  |  |  | 71,819 |
|  | $ | 32,346 |  |  | $ | 32,172 |  |  | $ | 99,356 |  |  | $ | 98,190 |
Cement Sales Volume (M tons) |  |  |  |  |  |  |  |  |  |  |  |
Wholly Owned |  |  | 1,663 |  |  |  | 1,527 |  |  |  | 5,470 |  |  |  | 5,313 |
Joint Venture |  |  | 161 |  |  |  | 172 |  |  |  | 496 |  |  |  | 524 |
|  |  | 1,824 |  |  |  | 1,699 |  |  |  | 5,966 |  |  |  | 5,837 |
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
Operating Earnings |  |  |  |  |  |  |  |  |  |  |  |
Cement |  | $ | 105,566 |  |  | $ | 72,315 |  |  | $ | 301,056 |  |  | $ | 233,442 |
Concrete and Aggregates |  |  | 1,760 |  |  |  | 2,692 |  |  |  | 13,434 |  |  |  | 15,700 |
Gypsum Wallboard |  |  | 75,063 |  |  |  | 87,335 |  |  |  | 251,625 |  |  |  | 261,164 |
Recycled Paperboard |  |  | 7,524 |  |  |  | 7,805 |  |  |  | 22,316 |  |  |  | 17,200 |
Sub-Total |  |  | 189,913 |  |  |  | 170,147 |  |  |  | 588,431 |  |  |  | 527,506 |
Corporate General and Administrative Expense |  |  | (14,201 | ) |  |  | (12,497 | ) |  |  | (42,456 | ) |  |  | (37,944 | )
Other Non-Operating Income (Loss) |  |  | 1,019 |  |  |  | 2,210 |  |  |  | 2,837 |  |  |  | 911 |
Earnings Before Interest and Income Taxes |  |  | 176,731 |  |  |  | 159,860 |  |  |  | 548,812 |  |  |  | 490,473 |
Interest Expense, net |  |  | (10,128 | ) |  |  | (8,932 | ) |  |  | (32,571 | ) |  |  | (24,842 | )
Earnings Before Income Taxes |  | $ | 166,603 |  |  | $ | 150,928 |  |  | $ | 516,241 |  |  | $ | 465,631 |
Cement Operating Earnings |  |  |  |  |  |  |  |  |  |  |  |
Wholly Owned |  | $ | 96,281 |  |  | $ | 60,938 |  |  | $ | 278,266 |  |  | $ | 209,811 |
Joint Venture |  |  | 9,285 |  |  |  | 11,377 |  |  |  | 22,790 |  |  |  | 23,631 |
|  | $ | 105,566 |  |  | $ | 72,315 |  |  | $ | 301,056 |  |  | $ | 233,442 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Cement |  | $ | 11,571 |  |  | $ | 7,278 |  |  | $ | 38,288 |  |  | $ | 21,157 |
Concrete and Aggregates |  |  | 1,207 |  |  |  | 2,128 |  |  |  | 10,281 |  |  |  | 16,468 |
Gypsum Wallboard |  |  | 7,386 |  |  |  | 7,307 |  |  |  | 23,866 |  |  |  | 19,777 |
Recycled Paperboard |  |  | 1,868 |  |  |  | 463 |  |  |  | 7,733 |  |  |  | 2,318 |
Corporate and Other |  |  | 403 |  |  |  | 526 |  |  |  | 7,680 |  |  |  | 1,231 |
|  | $ | 22,435 |  |  | $ | 17,702 |  |  | $ | 87,848 |  |  | $ | 60,951 |
Depreciation, Depletion, and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Cement |  | $ | 22,514 |  |  | $ | 20,582 |  |  | $ | 66,380 |  |  | $ | 60,893 |
Concrete and Aggregates |  |  | 4,857 |  |  |  | 4,402 |  |  |  | 14,850 |  |  |  | 12,954 |
Gypsum Wallboard |  |  | 5,611 |  |  |  | 5,387 |  |  |  | 16,620 |  |  |  | 16,539 |
Recycled Paperboard |  |  | 3,694 |  |  |  | 3,738 |  |  |  | 11,121 |  |  |  | 11,197 |
Corporate and Other |  |  | 792 |  |  |  | 706 |  |  |  | 2,376 |  |  |  | 2,106 |
|  | $ | 37,468 |  |  | $ | 34,815 |  |  | $ | 111,347 |  |  | $ | 103,689 |
|  | December 31, |  |  | March 31, |
|  | 2023 |  |  | 2023 |
|  | (dollars in thousands) |
Identifiable Assets |  |  |  |  |  |
Cement |  | $ | 1,997,649 |  |  | $ | 1,905,227 |
Concrete and Aggregates |  |  | 229,998 |  |  |  | 234,767 |
Gypsum Wallboard |  |  | 412,092 |  |  |  | 421,425 |
Recycled Paperboard |  |  | 168,120 |  |  |  | 163,797 |
Other, net |  |  | 82,481 |  |  |  | 55,786 |
|  | $ | 2,890,340 |  |  | $ | 2,781,002 |
Segment Breakdown of Goodwill | The segment breakdown of Goodwill is as follows:
|  | December 31, |  |  | March 31, |
|  | 2023 |  |  | 2023 |
|  | (dollars in thousands) |
Cement |  | $ | 227,669 |  |  | $ | 215,781 |
Concrete and Aggregates |  |  | 40,774 |  |  |  | 40,774 |
Gypsum Wallboard |  |  | 116,618 |  |  |  | 116,618 |
Recycled Paperboard |  |  | 7,538 |  |  |  | 7,538 |
|  | $ | 392,599 |  |  | $ | 380,711 |
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 December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
Revenue |  | $ | 53,366 |  |  | $ | 55,240 |  |  | $ | 165,426 |  |  | $ | 158,129 |
Gross Margin |  | $ | 19,465 |  |  | $ | 24,716 |  |  | $ | 51,512 |  |  | $ | 52,718 |
Earnings Before Income Taxes |  | $ | 18,711 |  |  | $ | 22,754 |  |  | $ | 45,925 |  |  | $ | 47,262 |
|  | December 31, |  |  | March 31, |
|  | 2023 |  |  | 2023 |
|  | (dollars in thousands) |
Current Assets |  | $ | 104,158 |  |  | $ | 88,562 |
Noncurrent Assets |  | $ | 150,950 |  |  | $ | 124,503 |
Current Liabilities |  | $ | 40,621 |  |  | $ | 29,434 |

X
- Definition Schedule of Assets Liabilities and Results of Operations for Unconsolidated Joint Ventures, Table. + References No definition available. + Details
Name: | exp_ScheduleOfAssetsLiabilitiesAndResultsOfOperationsForUnconsolidatedJointVenturesTableTextBlock
Namespace Prefix: | exp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration