Consolidating Guarantor and Nonguarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2014

Consolidating Guarantor and Nonguarantor Financial Information [Abstract]

Consolidating Statements of Comprehensive Income (Loss) [Table Text Block]

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Three Months Ended September 30, 2014

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	979,797		$	3,522		$	—		$	983,319
Intercompany	—			—			5,082			(5,082		)	—
	—			979,797			8,604			(5,082		)	983,319

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	—			825,634			7,551			(5,295		)	827,890
Depreciation and amortization	44			12,868			291			—			13,203
Selling and distribution expenses	—			72,092			622			—			72,714
General and administrative expenses	5,444			7,516			—			213			13,173
Other (income) expense, net	(13		)	246			(85		)	—			148
	5,475			918,356			8,379			(5,082		)	927,128

Income (loss) from operations	(5,475		)	61,441			225			—			56,191

Foreign currency exchange loss	(192		)	(81		)	(43		)	—			(316		)
Interest expense	(5,514		)	—			—			—			(5,514		)
Interest income	7			50			—			—			57
	(5,699		)	(31		)	(43		)	—			(5,773		)

Income (loss) before income taxes and equity in net income of affiliates	(11,174		)	61,410			182			—			50,418
Income tax (provision) benefit	(18,164		)	31			—			—			(18,133		)

Income (loss) before equity in net income of affiliates	(29,338		)	61,441			182			—			32,285
Equity in net income of affiliates	61,623			—			—			(61,623		)	—
Net income	32,285			61,441			182			(61,623		)	32,285

Other comprehensive loss, net of tax
Defined benefit pension plans
Amortization of actuarial gain	(3		)	—			—			—			(3		)
Other comprehensive loss, net of tax	(3		)	—			—			—			(3		)
Comprehensive income	$	32,282		$	61,441		$	182		$	(61,623	)	$	32,282

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income (Loss)

For the Three Months Ended September 30, 2013

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	873,834	$	4,145		$	—		$	877,979
Intercompany	—			—		3,462			(3,462		)	—
	—			873,834		7,607			(3,462		)	877,979

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	—			755,757		7,713			(3,693		)	759,777
Depreciation and amortization	30			8,632		300			—			8,962
Selling and distribution expenses	—			65,635		609			—			66,244
General and administrative expenses	5,422			7,214		—			231			12,867
Other (income) expense, net	(158		)	3		(195		)	—			(350		)
	5,294			837,241		8,427			(3,462		)	847,500

Income (loss) from operations	(5,294		)	36,593		(820		)	—			30,479

Foreign currency exchange gain (loss)	(3		)	39		33			—			69
Interest expense	(5,174		)	—		—			—			(5,174		)
Interest income	18			70		—			—			88
	(5,159		)	109		33			—			(5,017		)

Income (loss) before income taxes and equity in net income of affiliates	(10,453		)	36,702		(787		)	—			25,462
Income tax (provision) benefit	(9,708		)	128		(22		)	—			(9,602		)

Income (loss) before equity in net income of affiliates	(20,161		)	36,830		(809		)	—			15,860
Equity in net income of affiliates	36,021			—		—			(36,021		)	—
Net income (loss)	15,860			36,830		(809		)	(36,021		)	15,860

Other comprehensive income (loss), net of tax
Defined benefit pension plans
Amortization of actuarial loss	1,443			—		—			—			1,443
Amortization of prior service costs	14			—		—			—			14
Other comprehensive income, net of tax	1,457			—		—			—			1,457
Comprehensive income (loss)	$	17,317		$	36,830	$	(809	)	$	(36,021	)	$	17,317

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Nine Months Ended September 30, 2014

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	2,701,156		$	10,530		$	—		$	2,711,686
Intercompany	—			—			13,432			(13,432		)	—
	—			2,701,156			23,962			(13,432		)	2,711,686

Costs and expenses
Materials, labor, and other operating expenses, (excluding depreciation)	—			2,316,837			21,430			(14,237		)	2,324,030
Depreciation and amortization	121			36,984			900			—			38,005
Selling and distribution expenses	—			196,954			1,871			—			198,825
General and administrative expenses	14,376			20,582			—			805			35,763
Other (income) expense, net	(13		)	(1,089		)	(487		)	—			(1,589		)
	14,484			2,570,268			23,714			(13,432		)	2,595,034

Income (loss) from operations	(14,484		)	130,888			248			—			116,652

Foreign currency exchange loss	(84		)	(43		)	(12		)	—			(139		)
Interest expense	(16,545		)	—			—			—			(16,545		)
Interest income	15			165			—			—			180
	(16,614		)	122			(12		)	—			(16,504		)

Income (loss) before income taxes and equity in net income of affiliates	(31,098		)	131,010			236			—			100,148
Income tax (provision) benefit	(35,954		)	74			—			—			(35,880		)

Income (loss) before equity in net income of affiliates	(67,052		)	131,084			236			—			64,268
Equity in net income of affiliates	131,320			—			—			(131,320		)	—
Net income	64,268			131,084			236			(131,320		)	64,268

Other comprehensive loss, net of tax
Defined benefit pension plans
Amortization of actuarial gain	(11		)	—			—			—			(11		)
Other comprehensive loss, net of tax	(11		)	—			—			—			(11		)
Comprehensive income	$	64,257		$	131,084		$	236		$	(131,320	)	$	64,257

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income (Loss)

For the Nine Months Ended September 30, 2013

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	2,464,732		$	10,420		$	—		$	2,475,152
Intercompany	—			—			9,020			(9,020		)	—
	—			2,464,732			19,440			(9,020		)	2,475,152

Costs and expenses
Materials, labor, and other operating expenses, (excluding depreciation)	—			2,143,883			21,375			(9,638		)	2,155,620
Depreciation and amortization	109			25,185			911			—			26,205
Selling and distribution expenses	—			181,468			1,882			—			183,350
General and administrative expenses	13,570			18,976			—			618			33,164
Other (income) expense, net	(151		)	490			(862		)	—			(523		)
	13,528			2,370,002			23,306			(9,020		)	2,397,816

Income (loss) from operations	(13,528		)	94,730			(3,866		)	—			77,336

Foreign currency exchange gain (loss)	(233		)	(74		)	5			—			(302		)
Interest expense	(14,846		)	—			—			—			(14,846		)
Interest income	73			139			—			—			212
	(15,006		)	65			5			—			(14,936		)

Income (loss) before income taxes and equity in net income of affiliates	(28,534		)	94,795			(3,861		)	—			62,400
Income tax (provision) benefit	44,602			128			(22		)	—			44,708

Income (loss) before equity in net income of affiliates	16,068			94,923			(3,883		)	—			107,108
Equity in net income of affiliates	91,040			—			—			(91,040		)	—
Net income (loss)	107,108			94,923			(3,883		)	(91,040		)	107,108

Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss	4,249			—			—			—			4,249
Amortization of prior service costs	42			—			—			—			42
Other comprehensive income, net of tax	4,291			—			—			—			4,291
Comprehensive income (loss)	$	111,399		$	94,923		$	(3,883	)	$	(91,040	)	$	111,399

Consolidating Balance Sheets [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at September 30, 2014 (unaudited)

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	169,918	$	28	$	28	$	—		$	169,974
Receivables
Trade, less allowances	179		211,544		1,078		—			212,801
Related parties	—		1,111		—		—			1,111
Other	36		6,879		249		—			7,164
Inventories	—		394,251		4,620		—			398,871
Deferred income taxes	20,294		—		8		—			20,302
Prepaid expenses and other	3,339		5,433		83		—			8,855
	193,766		619,246		6,066		—			819,078

Property and equipment, net	1,586		353,596		7,318		—			362,500
Timber deposits	—		11,304		—		—			11,304
Deferred financing costs	7,453		—		—		—			7,453
Goodwill	—		21,823		—		—			21,823
Intangible assets, net	—		10,207		—		—			10,207
Other assets	36		8,698		—		—			8,734
Investments in affiliates	764,529		—		—		(764,529		)	—
Total assets	$	967,370	$	1,024,874	$	13,384	$	(764,529	)	$	1,241,099

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at September 30, 2014 (continued) (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	6,209		$	178,443	$	768		$	—		$	185,420
Related parties	—			2,975		—			—			2,975
Accrued liabilities	—			—		—			—
Compensation and benefits	22,208			47,064		423			—			69,695
Income taxes payable	13,059			1		(5		)	—			13,055
Interest payable	8,076			—		—			—			8,076
Other	405			38,342		1,264			—			40,011
	49,957			266,825		2,450			—			319,232

Debt
Long-term debt	301,466			—		—			—			301,466

Other
Compensation and benefits	81,198			—		—			—			81,198
Other long-term liabilities	13,724			4,454		—			—			18,178
	94,922			4,454		—			—			99,376

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—			—			—
Common stock	433			—		—			—			433
Treasury stock	(100,000		)	—		—			—			(100,000		)
Additional paid-in capital	500,879			—		—			—			500,879
Accumulated other comprehensive loss	(55,260		)	—		—			—			(55,260		)
Retained earnings	174,973			—		—			—			174,973
Subsidiary equity	—			753,595		10,934			(764,529		)	—
Total stockholders' equity	521,025			753,595		10,934			(764,529		)	521,025
Total liabilities and stockholders' equity	$	967,370		$	1,024,874	$	13,384		$	(764,529	)	$	1,241,099

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2013

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	118,198		$	25	$	26	$	—		$	118,249
Receivables
Trade, less allowances	13			151,225		1,002		—			152,240
Related parties	17			566		—		—			583
Other	(30		)	7,115		183		—			7,268
Inventories	(101		)	379,012		4,448		—			383,359
Deferred income taxes	18,143			—		8		—			18,151
Prepaid expenses and other	2,819			4,983		53		—			7,855
	139,059			542,926		5,720		—			687,705

Property and equipment, net	1,113			351,838		8,034		—			360,985
Timber deposits	—			6,266		—		—			6,266
Deferred financing costs	8,334			—		—		—			8,334
Goodwill	—			21,823		—		—			21,823
Intangible assets, net	—			10,277		—		—			10,277
Deferred income taxes	760			—		—		—			760
Other assets	36			8,000		—		—			8,036
Investments in affiliates	739,420			—		—		(739,420		)	—
Total assets	$	888,722		$	941,130	$	13,754	$	(739,420	)	$	1,104,186

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2013 (continued)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	5,396		$	133,724	$	516	$	—		$	139,636
Related parties	402			2,082		—		—			2,484
Accrued liabilities
Compensation and benefits	17,262			42,784		481		—			60,527
Income taxes payable	163			1		2		—			166
Interest payable	3,294			—		—		—			3,294
Other	1,258			30,340		1,312		—			32,910
	27,775			208,931		2,311		—			239,017

Debt
Long-term debt	301,613			—		—		—			301,613

Other
Compensation and benefits	96,536			—		—		—			96,536
Other long-term liabilities	10,317			4,222		—		—			14,539
	106,853			4,222		—		—			111,075

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	432			—		—		—			432
Treasury stock	(100,000		)	—		—		—			(100,000		)
Additional paid-in capital	496,593			—		—		—			496,593
Accumulated other comprehensive loss	(55,249		)	—		—		—			(55,249		)
Retained earnings	110,705			—		—		—			110,705
Subsidiary equity	—			727,977		11,443		(739,420		)	—
Total stockholders' equity	452,481			727,977		11,443		(739,420		)	452,481
Total liabilities and stockholders' equity	$	888,722		$	941,130	$	13,754	$	(739,420	)	$	1,104,186

Consolidating Statements of Cash Flows [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2014 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income	$	64,268		$	131,084		$	236		$	(131,320	)	$	64,268
Items in net income not using (providing) cash
Equity in net income of affiliates	(131,320		)	—			—			131,320			—
Depreciation and amortization, including deferred financing costs and other	1,339			36,984			900			—			39,223
Stock-based compensation	4,186			—			—			—			4,186
Pension expense	597			—			—			—			597
Deferred income taxes	1,913			—			—			—			1,913
Other	(40		)	(1,569		)	—			—			(1,609		)
Decrease (increase) in working capital
Receivables	(232		)	(60,628		)	(142		)	—			(61,002		)
Inventories	(101		)	(15,239		)	(172		)	—			(15,512		)
Prepaid expenses and other	(353		)	(1,312		)	(30		)	—			(1,695		)
Accounts payable and accrued liabilities	5,848			56,008			147			—			62,003
Pension contributions	(11,675		)	—			—			—			(11,675		)
Income taxes payable	14,889			—			(6		)	—			14,883
Other	(3,016		)	(4,466		)	—			—			(7,482		)
Net cash provided by (used for) operations	(53,697		)	140,862			933			—			88,098
Cash provided by (used for) investment
Expenditures for property and equipment	(514		)	(40,174		)	(172		)	—			(40,860		)
Proceeds from sales of assets	—			4,726			—			—			4,726
Other	—			55			(14		)	—			41
Net cash used for investment	(514		)	(35,393		)	(186		)	—			(36,093		)
Cash provided by (used for) financing
Issuances of long-term debt, including revolving credit facility	57,600			—			—			—			57,600
Payments of long-term debt, including revolving credit facility	(57,600		)	—			—			—			(57,600		)
Financing costs	(11		)	—			—			—			(11		)
Other	(269		)	—			—			—			(269		)
Due to (from) affiliates	106,211			(105,466		)	(745		)	—			—
Net cash provided by (used for) financing	105,931			(105,466		)	(745		)	—			(280		)
Net increase in cash and cash equivalents	51,720			3			2			—			51,725
Balance at beginning of the period	118,198			25			26			—			118,249
Balance at end of the period	$	169,918		$	28		$	28		$	—		$	169,974

Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2013 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income (loss)	$	107,108		$	94,923		$	(3,883	)	$	(91,040	)	$	107,108
Items in net income (loss) not using (providing) cash
Equity in net income of affiliates	(91,040		)	—			—			91,040			—
Depreciation and amortization, including deferred financing costs and other	1,477			25,185			911			—			27,573
Stock-based compensation	1,862			—			—			—			1,862
Pension expense	8,104			—			—			—			8,104
Deferred income taxes	(65,095		)	—			—			—			(65,095		)
Other	(161		)	(490		)	23			—			(628		)
Decrease (increase) in working capital, net of acquisitions
Receivables	(853		)	(62,955		)	(179		)	—			(63,987		)
Inventories	—			(36,395		)	(45		)	—			(36,440		)
Prepaid expenses and other	14			(1,568		)	(70		)	—			(1,624		)
Accounts payable and accrued liabilities	2,660			47,466			(115		)	—			50,011
Pension contributions	(10,352		)	—			—			—			(10,352		)
Income taxes payable	2,221			(12		)	9			—			2,218
Other	(1,239		)	378			(1		)	—			(862		)
Net cash provided by (used for) operations	(45,294		)	66,532			(3,350		)	—			17,888
Cash provided by (used for) investment
Expenditures for property and equipment	(223		)	(29,374		)	(338		)	—			(29,935		)
Acquisitions of businesses and facilities	—			(102,002		)	—			—			(102,002		)
Proceeds from sales of assets	831			288			417			—			1,536
Other	—			4			5			—			9
Net cash provided by (used for) investment	608			(131,084		)	84			—			(130,392		)
Cash provided by (used for) financing
Net proceeds from issuance of common stock	262,488			—			—			—			262,488
Treasury stock purchased	(100,000		)	—			—			—			(100,000		)
Issuances of long-term debt, including revolving credit facility	130,000			—			—			—			130,000
Payments of long-term debt, including revolving credit facility	(80,000		)	—			—			—			(80,000		)
Financing costs	(1,854		)	—			—			—			(1,854		)
Other	—			—			193			—			193
Due to (from) affiliates	(67,445		)	64,545			2,900			—			—
Net cash provided by financing	143,189			64,545			3,093			—			210,827
Net increase (decrease) in cash and cash equivalents	98,503			(7		)	(173		)	—			98,323
Balance at beginning of the period	45,680			35			178			—			45,893
Balance at end of the period	$	144,183		$	28		$	5		$	—		$	144,216