XML 26 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment information [Table Text Block]
An analysis of our operations by segment is as follows: 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
 
 
 
 
 
 
Before
 
 
 
 
 
 
Sales
 
Income
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Taxes
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
(b)
 
Amortization
 
(a) (b)
 
 
(millions)
Three Months Ended June 30, 2015
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
193.5

 
$
146.4

 
$
339.9

 
$
23.7

 
$
10.3

 
$
34.1

Building Materials Distribution
 
761.9

 
0.2

 
762.1

 
19.6

 
2.9

 
22.5

Corporate and Other
 
—

 
—

 
—

 
(5.9
)
 
0.1

 
(5.8
)
Intersegment eliminations
 
—

 
(146.6
)
 
(146.6
)
 
—

 
—

 
—

 
 
$
955.4

 
$
—

 
$
955.4

 
37.4

 
$
13.3

 
$
50.7

Interest expense
 
 
 
 
 
 
 
(5.6
)
 
 
 


Interest income
 
 
 
 
 
 
 
0.1

 
 
 


 
 

 


 


 
$
31.9

 


 
 

 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
 
 
 
 
 
 
Before
 
 
 
 
 
 
Sales
 
Income
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Taxes
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
(b)
 
Amortization
 
(a) (b)
 
 
(millions)
Three Months Ended June 30, 2014
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
202.9

 
$
148.1

 
$
351.0

 
$
31.2

 
$
10.0

 
$
41.3

Building Materials Distribution
 
758.3

 
0.1

 
758.4

 
19.4

 
2.4

 
21.8

Corporate and Other
 
—

 
—

 
—

 
(4.4
)
 
—

 
(4.4
)
Intersegment eliminations
 
—

 
(148.2
)
 
(148.2
)
 
—

 
—

 
—

 
 
$
961.2

 
$
—

 
$
961.2

 
46.2

 
$
12.5

 
$
58.7

Interest expense
 
 
 
 
 
 
 
(5.5
)
 
 
 
 
Interest income
 
 
 
 
 
 
 
0.1

 
 
 
 
 
 


 


 


 
$
40.7

 


 
 

 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
 
 
 
 
 
 
Before
 
 
 
 
 
 
Sales
 
Income
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Taxes
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
(b)
 
Amortization
 
(a) (b)
 
 
(millions)
Six Months Ended June 30, 2015
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
380.5

 
$
268.7

 
$
649.2

 
$
44.6

 
$
21.1

 
$
65.7

Building Materials Distribution
 
1,384.8

 
0.2

 
1,385.0

 
22.9

 
5.6

 
28.5

Corporate and Other
 
—

 
—

 
—

 
(12.5
)
 
0.1

 
(12.4
)
Intersegment eliminations
 
—

 
(268.9
)
 
(268.9
)
 
—

 
—

 
—

 
 
$
1,765.3

 
$
—

 
$
1,765.3

 
55.0

 
$
26.9

 
$
81.8

Interest expense
 
 
 
 
 
 
 
(11.1
)
 
 
 
 
Interest income
 
 
 
 
 
 
 
0.1

 
 
 
 
 
 
 
 
 
 
 
 
$
44.1

 
 
 
 

 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
 
 
 
 
 
 
Before
 
 
 
 
 
 
Sales
 
Income
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Taxes
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
(b)
 
Amortization
 
(a) (b)
 
 
(millions)
Six Months Ended June 30, 2014
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
384.5

 
$
259.7

 
$
644.3

 
$
44.3

 
$
20.0

 
$
64.3

Building Materials Distribution
 
1,343.8

 
0.1

 
1,343.9

 
25.3

 
4.7

 
30.0

Corporate and Other
 
—

 
—

 
—

 
(8.9
)
 
0.1

 
(8.8
)
Intersegment eliminations
 
—

 
(259.8
)
 
(259.8
)
 
—

 
—

 
—

 
 
$
1,728.4

 
$
—

 
$
1,728.4

 
60.6

 
$
24.8

 
$
85.4

Interest expense
 
 
 
 
 
 
 
(11.0
)
 
 
 
 
Interest income
 
 
 
 
 
 
 
0.1

 
 
 
 
 
 
 
 
 
 
 
 
$
49.7

 
 
 
 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
The following is a reconciliation of net income to EBITDA for the consolidated company:
 
 
Three Months Ended
June 30
 
Six Months Ended
June 30
 
2015
 
2014
 
2015
 
2014
 
(millions)
Net income
$
20.2

 
$
26.4

 
$
27.8

 
$
32.0

Interest expense
5.6

 
5.5

 
11.1

 
11.0

Interest income
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.1
)
Income tax provision
11.6

 
14.3

 
16.2

 
17.7

Depreciation and amortization
13.3

 
12.5

 
26.9

 
24.8

EBITDA
$
50.7

 
$
58.7

 
$
81.8

 
$
85.4