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Other Operating Credits and Charges, Net
 3 Months Ended
Mar. 31, 2012
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 three months ended March 31, 2012 and March 31, 2011 are reflected in the table below and are described in the paragraphs following the table:
 
Quarter Ended March 31,
Dollar amounts in millions
2012
 
2011
Severance
$
(0.3
)
 
$
—

Construction related legal reserves
0.5

 
—

Settlement of legal claim
—

 
0.8

 
$
0.2

 
$
0.8


During the first quarter of 2012, LP recorded a loss of $0.3 million associated with severance related to an indefinitely curtailed OSB mill in British Columbia, Canada as well as a reversal of a $0.5 million loss associated with an assessment in connection with one of its indefinitely curtailed OSB mills.
During the first quarter of 2011, LP recorded a gain of $0.8 million related to an action against a previous claims inspector associated with LP’s hardboard class action for various states.