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Level 3 Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Information [Abstract] |
Segment information [Table Text Block] | An analysis of our operations by segment is as follows:
|  |  |  |  |  |  |  | Income |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | EBITDA
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | (a)
|  | (millions)
Three Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 170.8 |  |  | $ | 109.6 |  |  | $ | 280.4 |  |  | $ | 23.0 |  |  | $ | 6.5 |  |  | $ | 29.6 |
Building Materials Distribution |  | 681.5 |  |  | — |  |  | 681.5 |  |  | 3.3 |  |  | 2.2 |  |  | 5.5 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (4.4 | ) |  | — |  |  | (4.4 | )
Intersegment eliminations |  | — |  |  | (109.6 | ) |  | (109.6 | ) |  | — |  |  | — |  |  | — |
|  | $ | 852.3 |  |  | $ | — |  |  | $ | 852.3 |  |  | 21.9 |  |  | $ | 8.8 |  |  | $ | 30.7 |
Interest expense |  |  |  |  |  |  |  | (4.8 | ) |  |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.1 |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | $ | 17.2 |  |  |  |  |  |
|  |  |  |  |  |  |  | Income |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | EBITDA
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | (a)
|  | (millions)
Three Months Ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 152.4 |  |  | $ | 89.4 |  |  | $ | 241.8 |  |  | $ | 15.5 |  |  | $ | 6.1 |  |  | $ | 21.7 |
Building Materials Distribution |  | 580.5 |  |  | — |  |  | 580.5 |  |  | 8.7 |  |  | 2.2 |  |  | 10.9 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (4.4 | ) |  | — |  |  | (4.4 | )
Intersegment eliminations |  | — |  |  | (89.4 | ) |  | (89.4 | ) |  | — |  |  | — |  |  | — |
|  | $ | 732.9 |  |  | $ | — |  |  | $ | 732.9 |  |  | 19.9 |  |  | $ | 8.3 |  |  | $ | 28.2 |
Interest expense |  |  |  |  |  |  |  | (4.8 | ) |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.1 |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $ | 15.1 |  |  |  |  |  |
|  |  |  |  |  |  |  | Income |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | EBITDA
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | (a)
|  | (millions)
Six Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 334.6 |  |  | $ | 215.1 |  |  | $ | 549.6 |  |  | $ | 43.9 |  |  | $ | 12.8 |  |  | $ | 56.6 |
Building Materials Distribution |  | 1,262.6 |  |  | — |  |  | 1,262.6 |  |  | 11.3 |  |  | 4.4 |  |  | 15.7 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (8.6 | ) |  | 0.1 |  |  | (8.6 | )
Intersegment eliminations |  | — |  |  | (215.1 | ) |  | (215.1 | ) |  | — |  |  | — |  |  | — |
|  | $ | 1,597.2 |  |  | $ | — |  |  | $ | 1,597.2 |  |  | 46.5 |  |  | $ | 17.2 |  |  | $ | 63.7 |
Interest expense |  |  |  |  |  |  |  | (9.7 | ) |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.1 |  |  |  |  |
|  |  |  |  |  |  |  | $ | 36.9 |  |  |  |  |
|  |  |  |  |  |  |  | Income |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | EBITDA
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | (a)
|  | (millions)
Six Months Ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 288.0 |  |  | $ | 165.1 |  |  | $ | 453.0 |  |  | $ | 26.4 |  |  | $ | 12.0 |  |  | $ | 38.4 |
Building Materials Distribution |  | 1,032.0 |  |  | — |  |  | 1,032.0 |  |  | 7.9 |  |  | 4.4 |  |  | 12.3 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (7.9 | ) |  | 0.1 |  |  | (7.9 | )
Intersegment eliminations |  | — |  |  | (165.1 | ) |  | (165.1 | ) |  | — |  |  | — |  |  | — |
|  | $ | 1,319.9 |  |  | $ | — |  |  | $ | 1,319.9 |  |  | 26.3 |  |  | $ | 16.5 |  |  | $ | 42.7 |
Interest expense |  |  |  |  |  |  |  | (9.6 | ) |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.2 |  |  |  |  |
|  |  |  |  |  |  |  | $ | 16.9 |  |  |  |  |
___________________________________
(a) | EBITDA is defined as income (loss) before interest (interest expense and interest income), income taxes, and depreciation and amortization. EBITDA is the primary measure used by our chief operating decision maker to evaluate segment operating performance and to decide how to allocate resources to segments. We believe EBITDA is useful to investors because it provides a means to evaluate the operating performance of our segments and our company on an ongoing basis using criteria that are used by our internal decision makers and because it is frequently used by investors and other interested parties when comparing companies in our industry that have different financing and capital structures and/or tax rates. We believe EBITDA is a meaningful measure because it presents a transparent view of our recurring operating performance and allows management to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. EBITDA, however, is not a measure of our liquidity or financial performance under generally accepted accounting principles (GAAP) and should not be considered as an alternative to net income (loss), income (loss) from operations, or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. The use of EBITDA instead of net income (loss) or segment income (loss) has limitations as an analytical tool, including the inability to determine profitability; the exclusion of interest expense, interest income, and associated significant cash requirements; and the exclusion of depreciation and amortization, which represent unavoidable operating costs. Management compensates for the limitations of EBITDA by relying on our GAAP results. Our measure of EBITDA is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.
The following is a reconciliation of net income to EBITDA:
|  | Three Months Ended June 30 |  | Six Months Ended June 30
|  | 2013 |  | 2012 |  | 2013 |  | 2012
|  | (millions)
Net income(1) |  | $ | 10.4 |  |  | $ | 15.0 |  |  | $ | 91.2 |  |  | $ | 16.7 |
Interest expense |  | 4.8 |  |  | 4.8 |  |  | 9.7 |  |  | 9.6 |
Interest income |  | (0.1 | ) |  | (0.1 | ) |  | (0.1 | ) |  | (0.2 | )
Income tax provision (benefit)(1) |  | 6.8 |  |  | 0.1 |  |  | (54.3 | ) |  | 0.1 |
Depreciation and amortization |  | 8.8 |  |  | 8.3 |  |  | 17.2 |  |  | 16.5 |
EBITDA |  | $ | 30.7 |  |  | $ | 28.2 |  |  | $ | 63.7 |  |  | $ | 42.7 |
_______________________________________
(1) | The six months ended June 30, 2013, includes $68.7 million of income tax benefit associated with the recording of net deferred tax assets upon our conversion to a corporation.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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