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Selected Segment Data | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Selected Segment Data | SELECTED SEGMENT DATA LP operates in four segments: Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. LP’s business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers and distribution methods. LP’s results of operations are summarized below for each of these segments separately as well as for the “other” category which comprises other products that are not individually significant. Segment information was prepared in accordance with the same accounting principles as those described in Note 1 of the Notes to the financial statements included in LP’s Annual Report on Form 10-K for the year ended December 31, 2012.
| Quarter Ended June 30, |  | Six Months Ended June 30,
Dollar amounts in millions | 2013 |  | 2012 |  | 2013 |  | 2012
Net sales: |  |  |  |  |  |  |
OSB | $ | 306.2 |  |  | $ | 194.9 |  |  | $ | 592.9 |  |  | $ | 344.4 |
Siding | 152.7 |  |  | 137.0 |  |  | 286.5 |  |  | 250.1 |
Engineered Wood Products | 60.9 |  |  | 51.7 |  |  | 124.3 |  |  | 100.3 |
South America | 44.3 |  |  | 42.7 |  |  | 89.4 |  |  | 85.1 |
Other | 9.3 |  |  | 10.7 |  |  | 18.4 |  |  | 20.8 |
Intersegment sales | (0.8 | ) |  | (9.2 | ) |  | (1.4 | ) |  | (11.4 | )
| $ | 572.6 |  |  | $ | 427.8 |  |  | $ | 1,110.1 |  |  | $ | 789.3 |
Operating profit (loss): |  |  |  |  |  |  |
OSB | $ | 95.4 |  |  | $ | 17.0 |  |  | $ | 193.5 |  |  | $ | 16.7 |
Siding | 27.1 |  |  | 19.4 |  |  | 47.8 |  |  | 36.1 |
Engineered Wood Products | (5.1 | ) |  | (3.4 | ) |  | (8.6 | ) |  | (6.3 | )
South America | 6.3 |  |  | 3.6 |  |  | 12.5 |  |  | 6.7 |
Other | (2.0 | ) |  | (1.9 | ) |  | (2.9 | ) |  | (2.5 | )
Other operating credits and charges, net | (5.4 | ) |  | (0.2 | ) |  | (7.0 | ) |  | — |
Other operating credits and charges associated with unconsolidated affiliates | (2.7 | ) |  | — |  |  | (2.7 | ) |  | — |
Gain (loss) on sale or impairment of long-lived assets | 0.7 |  |  | (0.1 | ) |  | 0.7 |  |  | (0.2 | )
Gain on acquisition | 35.9 |  |  | — |  |  | 35.9 |  |  | — |
Early debt extinguishment | — |  |  | (52.2 | ) |  | — |  |  | (52.2 | )
General corporate and other expenses, net | (21.3 | ) |  | (18.2 | ) |  | (43.9 | ) |  | (38.2 | )
Foreign currency losses | (3.6 | ) |  | (2.6 | ) |  | (4.3 | ) |  | (2.7 | )
Investment income | 3.1 |  |  | 3.4 |  |  | 6.6 |  |  | 7.6 |
Interest expense, net of capitalized interest | (9.8 | ) |  | (13.1 | ) |  | (20.4 | ) |  | (25.7 | )
Income (loss) from continuing operations before taxes | 118.6 |  |  | (48.3 | ) |  | 207.2 |  |  | (60.7 | )
Provision (benefit) for income taxes | 24.4 |  |  | (11.1 | ) |  | 47.6 |  |  | (12.3 | )
Income (loss) from continuing operations | $ | 94.2 |  |  | $ | (37.2 | ) |  | $ | 159.6 |  |  | $ | (48.4 | )
Other operating charges and credits presented above includes both those items directly related to LP as well as those reflected in Equity in (income) loss of unconsolidated affiliates

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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