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Other Operating Credits and Charges, Net
6 Months Ended
Jun. 30, 2011
Other Operating Credits And Charges, Net [Abstract]  
Other Operating Credits and Charges, Net
OTHER OPERATING CREDITS AND CHARGES, NET
The major components of “Other operating credits and charges, net” in the Consolidated Statements of Income for the quarter and six month periods ended June 30, 2011 and 2010 are reflected in the table below and are described in the paragraphs following the table:
 
 
Quarter Ended June 30,
 
Six Months Ended June 30,
Dollar amounts in millions
2011
 
2010
 
2011
 
2010
Reversal of severance
$


 
$


 
$


 
$
0.1


Construction related legal reserves


 
(0.6
)
 


 
(0.6
)
Addition to environmental reserves
(0.9
)
 


 
(0.9
)
 


Timber related reserves
1.5


 


 
1.5


 


Settlement of legal claim


 


 
0.8


 


 
$
0.6


 
$
(0.6
)
 
$
1.4


 
$
(0.5
)




During the second quarter of 2011, LP recorded a gain of $1.5 million related to reductions in reforestation liabilities associated with LP's Canadian timber obligations and an increase of $0.9 million in environmental reserves associated with a facility currently held for sale.
During the first quarter of 2011, LP recorded a gain of $0.8 million related to an action against a previous claim inspector associated with LP’s hardboard class action for various states.
During the second quarter of 2010, LP recorded a loss of $0.6 million associated with an assessment in connection with its indefinitely curtailed OSB mills.