EQUITY IN EARNINGS OF UNCONSOLIDATED JOINT VENTURE

Corporate General and Administrative expenses increased by approximately $2.4 million, or 25%, for the three months ended June 30, 2022. The increase was primarily due to higher incentive compensation associated with executive retirements of $2.3 million, respectively.

Net Earnings increased 10% to $105.0 million for the three months ended June 30, 2022, as discussed above.

Three MONTHS ENDED June 30, 2022 vs. three MONTHS ENDED June 30, 2021 BY SEGMENT

Average Net Sales Price, per ton (2) $ 127.82 $

(1) Total of wholly owned subsidiaries and proportionately consolidated 50% interest of the Joint Venture's results. (2) Net of freight per ton, including Joint Venture.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Refer to Footnote (A) in the Notes to Unaudited Consolidated Financial Statements of this Form 10-Q for information regarding recently issued accounting pronouncements that may affect our financial statements.

The following table provides a summary of our cash flows:

Our debt-to-capitalization ratio and net-debt-to-capitalization ratio were 50.0% and 48.6%, respectively, at June 30, 2022, compared with 45.6% and 45.1%, respectively, at March 31, 2022.

Below is a summary of the Company's outstanding debt facilities at June 30, 2022:

We have approximately $34.9 million of lease liabilities at June 30, 2022, that have an average remaining life of approximately 10.2 years.

The following table details capital expenditures by category:

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