XML 22 R50.htm IDEA: XBRL DOCUMENT v2.4.0.8
Level 4 Segment Information (Details) (USD $)
 3 Months Ended
Mar. 31, 2014
Integer
Mar. 31, 2013
Segment Reporting Information [Line Items]    
Number of Reportable Segments 3  
Sales    
Sales $ 767,180,000 $ 744,878,000
Other Segment Information [Abstract]    
Income (loss) before income taxes 9,026,000 19,729,000
Depreciation and amortization 12,320,000 8,477,000
EBITDA 26,800,000 [1] 33,000,000 [1]
Reconciliation from Segment Totals to Consolidated [Abstract]    
Interest expense (5,512,000) (4,891,000)
Interest income 70,000 62,000
Income (loss) before income taxes 9,026,000 19,729,000
Wood Products [Member]
    
Sales    
Sales 293,300,000 269,200,000
Other Segment Information [Abstract]    
Income (loss) before income taxes 13,000,000 20,800,000
Depreciation and amortization 10,000,000 6,300,000
EBITDA 23,000,000 [1] 27,100,000 [1]
Reconciliation from Segment Totals to Consolidated [Abstract]    
Income (loss) before income taxes 13,000,000 20,800,000
Building Materials Distribution [Member]
    
Sales    
Sales 585,500,000 581,100,000
Other Segment Information [Abstract]    
Income (loss) before income taxes 5,900,000 8,000,000
Depreciation and amortization 2,300,000 2,200,000
EBITDA 8,200,000 [1] 10,200,000 [1]
Reconciliation from Segment Totals to Consolidated [Abstract]    
Income (loss) before income taxes 5,900,000 8,000,000
Corporate and Other [Member]
    
Sales    
Sales 0 0
Other Segment Information [Abstract]    
Income (loss) before income taxes (4,400,000) (4,200,000)
Depreciation and amortization 0 0
EBITDA (4,400,000) [1] (4,200,000) [1]
Reconciliation from Segment Totals to Consolidated [Abstract]    
Income (loss) before income taxes (4,400,000) (4,200,000)
Intersegment Eliminations [Member]
    
Sales    
Sales (111,600,000) (105,500,000)
Operating Segments [Member]
    
Sales    
Sales 767,180,000 744,878,000
Other Segment Information [Abstract]    
Income (loss) before income taxes 14,500,000 24,600,000
Reconciliation from Segment Totals to Consolidated [Abstract]    
Income (loss) before income taxes 14,500,000 24,600,000
Operating Segments [Member] | Wood Products [Member]
    
Sales    
Sales 181,700,000 163,800,000
Operating Segments [Member] | Building Materials Distribution [Member]
    
Sales    
Sales 585,500,000 581,100,000
Operating Segments [Member] | Corporate and Other [Member]
    
Sales    
Sales 0 0
Intersegment Eliminations [Member]
    
Sales    
Sales 0 0
Intersegment Eliminations [Member] | Wood Products [Member]
    
Sales    
Sales 111,600,000 105,500,000
Intersegment Eliminations [Member] | Building Materials Distribution [Member]
    
Sales    
Sales 0 0
Intersegment Eliminations [Member] | Corporate and Other [Member]
    
Sales    
Sales 0 0
Intersegment Eliminations [Member] | Intersegment Eliminations [Member]
    
Sales    
Sales $ (111,600,000) $ (105,500,000)
[1] 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 for the consolidated company: Three Months EndedMarch 31 2014 2013 (millions)Net income(1) $5.6 $80.8Interest expense 5.5 4.9Interest income (0.1) (0.1)Income tax provision (benefit)(1) 3.5 (61.1)Depreciation and amortization 12.3 8.5EBITDA $26.8 $33.0 _______________________________________ (1)The three months ended March 31, 2013, includes a $68.7 million of income tax benefit associated with the recording of net deferred tax assets upon our conversion to a corporation.