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ACQUISITION | 6 Months Ended
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Sep. 30, 2025
Business Combination [Abstract] |
ACQUISITION | (C) ACQUISITION On January 7, 2025, we purchased Bullskin Stone & Lime LLC, an aggregates business located in Western Pennsylvania (the Acquisition) for approximately $149.9 million, which was accounted for under the acquisition method. The purchase price was funded through borrowings under our Revolving Credit Facility. Operations related to the Acquisition are included in the Concrete and Aggregates segment of our segment reporting. The following table summarizes the allocation of the purchase price to the fair value of assets acquired and liabilities assumed (based on Level 3 inputs of the fair value hierarchy) as of September 30, 2025.
|  |  | Fair Value |
|  | (dollars in thousands) |
Accounts Receivable |  | $ |  | 1,443 |
Inventories |  |  |  | 3,354 |
Prepaid and Other Current Assets |  |  |  | 229 |
Property, Plant, and Equipment |  |  |  | 35,097 |
Intangible Assets |  |  |  | 38,600 |
Accounts Payable and Accrued Liabilities |  |  |  | (327 | )
Other Long-Term Liabilities |  |  |  | (792 | )
Total Net Assets Acquired |  |  |  | 77,604 |
Goodwill |  |  |  | 72,343 |
Total Purchase Price |  | $ |  | 149,947 |
The estimated useful lives assigned to Property, Plant, and Equipment range from 5 to 30 years. Goodwill represents the excess purchase price over the fair value of the assets acquired and the liabilities assumed. The Goodwill was generated by the availability of co-product sales and the opportunity associated with the expansion of our Aggregates business to the Western Pennsylvania region of the United States. All Goodwill generated from the Acquisition is deductible for income tax purposes. The following table is a summary of the fair value estimates of the identifiable intangible assets and their weighted-average useful lives:
|  | Weighted-Average Life (in years) |  |  | Fair Value (dollars in thousands) |
Customer Relationships |  |  | 15 |  |  | $ |  | 38,100 |
Trade Name and Technology |  |  | 5 |  |  |  |  | 500 |
Total Intangible Assets |  |  |  |  | $ |  | 38,600 |
The following table presents the Revenue and Operating Earnings related to the Acquisition that have been included in our Consolidated Statement of Earnings for the three and six months ended September 30, 2025.
|  | For the Three Months Ended September 30, 2025 |  |  | For the Six Months Ended September 30, 2025 |
|  | (dollars in thousands) |  |  | (dollars in thousands) |
Revenue |  | $ |  | 9,602 |  |  | $ |  | 16,804 |
Operating Earnings |  | $ |  | 2,739 |  |  | $ |  | 4,373 |
Included in Operating Earnings shown above is approxima tely $1.7 milli on and $3.4 million related to depreciation and amortization for the three and six months ended September 30, 2025, respectively.

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