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Investments in and Advances to Affiliates
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Transactions with Affiliates
INVESTMENTS IN AND ADVANCES TO AFFILIATES
At December 31, 2016, LP has an investment in a joint venture with Resolute Forest Products to operate jointly owned I-Joist facilities in Quebec (Abitibi-LP). Each partner owns 50% of the venture.

LP sells products and raw materials 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% interests. For the years ended December 31, 2016, 2015 and 2014, LP sold $11.7 million, $9.3 million and $9.8 million of products to Abitibi-LP and purchased $53.1 million, $54.1 million and $55.4 million of I-joists from Abitibi-LP.

Included in LP’s Consolidated Balance Sheets at December 31, 2016 and 2015 are $1.9 million and $0.4 million in accounts receivable and $0.1 million and $0.1 million in accounts payable associated with Abitibi-LP. For the year ended December 31, 2016, LP received $6.7 million in dividends from Abitibi-LP. LP classified the receipt of these cash dividends as cash flows from operations. LP's cumulative equity in earnings from Abitibi-LP exceeds the cumulative distributions received; therefore, the dividends were deemed to be a return on LP's investment and not a return of LP's investment.