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Transactions with Affiliates
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Transactions with Affiliates
TRANSACTIONS WITH AFFILIATES
LP has an equity investment in Abitibi-LP, a manufacturer of I-joists with Resolute Forest Products. LP sells products and raw materials to Abitibi-LP and purchases products for resale from Abitibi-LP. LP eliminates profits on these sales and purchases, to the extent the inventory has not been sold through to third parties, on the basis of its 50% interest. For the quarters ended June 30, 2014 and 2013, LP sold $2.7 million and $3.9 million of products to Abitibi-LP and purchased $16.0 million and $13.5 million of I-joists from Abitibi-LP. For the six month period ended June 30, 2014 and 2013, LP sold $5.2 million and $7.4 million of products to Abitibi-LP and purchased $28.2 million and $24.5 million of I-joists from Abitibi-LP. Included in LP’s Consolidated Balance Sheets at June 30, 2014 and December 31, 2013 are $0.7 million and $0.8 million in accounts receivable from this affiliate.
Prior to LP's purchase of the remaining joint venture interest from Canfor-LP in May 2013, LP purchased $38.0 million and $98.2 million of OSB from Canfor-LP during the quarter and six months ended June 30, 2013.