XML 27 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Selected Segment Data
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in four segments: North America 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, 2016.
 
Quarter Ended March 31,
Dollar amounts in millions
2017
 
2016
Net Sales
 
 
 
OSB
$
268.4

 
$
217.0

Siding
214.0

 
181.3

EWP
82.1

 
71.8

South America
37.8

 
30.5

Other
8.7

 
6.1

Intersegment Sales
(0.1
)
 
(2.1
)
 
$
610.9

 
$
504.6

Operating profit (loss):
 
 
 
OSB
$
60.4

 
$
15.3

Siding
40.2

 
26.9

EWP
0.6

 
(2.5
)
South America
5.1

 
5.1

Other
(0.2
)
 
(0.4
)
Other operating credits and charges, net
(3.4
)
 
—

Loss on sale or impairment of long-lived assets, net
(0.6
)
 
—

General corporate and other expenses, net
(28.3
)
 
(24.0
)
Interest expense, net of capitalized interest
(5.0
)
 
(8.0
)
Investment income
2.0

 
1.8

Other non-operating items
(0.3
)
 
0.5

Income from operations before taxes
70.5

 
14.7

Provision for income taxes
15.5

 
4.4

Net income
$
55.0

 
$
10.3