XML 44 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Operating Credits and Charges, Net
 12 Months Ended
Dec. 31, 2017
Other Operating Credits And Charges, Net [Abstract]  
Other Operating Credits And Charges Net [Text Block}
OTHER OPERATING CREDITS AND CHARGES, NET
The major components of “Other operating credits and charges, net” in the Consolidated Statements of Income for the years ended December 31 are reflected in the table below and described in the paragraphs following the table: 
Dollar amounts in millions
Year ended December 31,
2017
 
2016
 
2015
Contingent consideration fair value adjustment
—

 
—

 
0.2

Adjustments to retirement accounts
(3.1
)
 
—

 
(0.8
)
Refund of sales and use taxes
0.8

 
—

 
—

Loss related to intangible forest license
—

 
—

 
(11.6
)
Loss due to marketing settlement
—

 
—

 
(1.0
)
Loss on workers compensation reserve
(0.9
)
 
—

 
—

Adjustment to product related warranty reserves
(5.4
)
 
(16.9
)
 
1.4

Additions to environmental related contingency reserves and asset retirement obligations
—

 
—

 
(4.6
)
Other
0.6

 
(0.5
)
 
0.1

 
$
(8.0
)

$
(17.4
)

$
(16.3
)
Other operating charges and credits associated with unconsolidated affiliates:
 
 
 
 
 
  Valuation allowance associated with deferred taxes
—

 
—

 
0.7

 
$
—


$
—


$
0.7



2017
During 2017, we recorded a $8.0 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a loss of $5.4 million related to an increase in product related warranty reserves associated with CanExel products sold in specific geographic locations and for a specific time period;
•
a refund of $0.8 million related to sales and use taxes;
•
a loss of $3.1 million associated with a pension curtailment charge related to the prior CEO's retirement; and
•
a loss of $0.9 million associated with a workers' compensation reserve change.
2016
During 2016, we recorded a 17.4 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a loss of 16.9 million related to an increase in product related warranty reserves and a related adjustment of $0.5 million to value added taxes associated with CanExel products sold in specific geographic locations and for a specific time period.

2015
During 2015, we recorded a $16.3 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a gain of $0.2 million related to fair market value adjustments to the contingent consideration payable in connection with a business combination (see Note 4 for additional discussions on fair value measurements);
•
a loss of $0.8 million related to a pension settlement (see Note 14 for additional discussion);
•
a write-off of $11.6 million related to the cancellation of an intangible forest license by the Ministry of Forestry in Quebec associated with an indefinitely curtailed OSB mill;
•
a loss of $1.0 million due to a marketing settlement with a customer;
•
a gain of $1.4 million related to an decrease in product related warranty reserves associated with SmartSide siding products due to reduced claims activity; and
•
a loss of $4.6 million related to an increase in environmental reserves and related asset retirement obligations associated with a site where we previously operated a vinyl siding manufacturing facility.

Additionally, other operating charges and credits reflected in Equity in (income) loss from unconsolidated affiliates includes a gain of $0.7 million associated with a reduction of a valuation allowance on the joint venture's books associated with deferred tax assets.