Consolidating Guarantor and Nonguarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Disclosure Text Block Supplement [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, 2015

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	988,725		$	2,855		$	—		$	991,580
Intercompany	—			—			5,306			(5,306		)	—
	—			988,725			8,161			(5,306		)	991,580

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	(37		)	852,733			7,052			(5,614		)	854,134
Depreciation and amortization	79			13,899			271			—			14,249
Selling and distribution expenses	20			72,197			451			—			72,668
General and administrative expenses	4,159			6,878			—			308			11,345
Other (income) expense, net	(136		)	(1,068		)	(52		)	—			(1,256		)
	4,085			944,639			7,722			(5,306		)	951,140

Income (loss) from operations	(4,085		)	44,086			439			—			40,440

Foreign currency exchange gain (loss)	(169		)	126			(105		)	—			(148		)
Interest expense	(5,690		)	(39		)	—			—			(5,729		)
Interest income	36			37			—			—			73
	(5,823		)	124			(105		)	—			(5,804		)

Income (loss) before income taxes and equity in net income of affiliates	(9,908		)	44,210			334			—			34,636
Income tax (provision) benefit	(12,650		)	21			—			—			(12,629		)

Income (loss) before equity in net income of affiliates	(22,558		)	44,231			334			—			22,007
Equity in net income of affiliates	44,565			—			—			(44,565		)	—
Net income	22,007			44,231			334			(44,565		)	22,007

Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss	608			—			—			—			608
Other comprehensive income, net of tax	608			—			—			—			608
Comprehensive income	$	22,615		$	44,231		$	334		$	(44,565	)	$	22,615

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

For the Nine Months Ended September 30, 2015

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	2,748,180		$	8,700		$	—		$	2,756,880
Intercompany	—			—			15,198			(15,198		)	—
	—			2,748,180			23,898			(15,198		)	2,756,880

Costs and expenses
Materials, labor, and other operating expenses, (excluding depreciation)	1,218			2,377,618			20,751			(15,831		)	2,383,756
Depreciation and amortization	201			40,064			852			—			41,117
Selling and distribution expenses	889			200,453			1,460			—			202,802
General and administrative expenses	14,595			20,143			—			633			35,371
Other (income) expense, net	(383		)	(915		)	(355		)	—			(1,653		)
	16,520			2,637,363			22,708			(15,198		)	2,661,393

Income (loss) from operations	(16,520		)	110,817			1,190			—			95,487

Foreign currency exchange gain (loss)	(424		)	303			(93		)	—			(214		)
Interest expense	(16,749		)	(52		)	—			—			(16,801		)
Interest income	75			146			—			—			221
	(17,098		)	397			(93		)	—			(16,794		)

Income (loss) before income taxes and equity in net income of affiliates	(33,618		)	111,214			1,097			—			78,693
Income tax (provision) benefit	(28,917		)	78			—			—			(28,839		)

Income (loss) before equity in net income of affiliates	(62,535		)	111,292			1,097			—			49,854
Equity in net income of affiliates	112,389			—			—			(112,389		)	—
Net income	49,854			111,292			1,097			(112,389		)	49,854

Other comprehensive income, net of tax
Defined benefit pension plans
Actuarial gain	11,923			—			—			—			11,923
Amortization of actuarial loss	2,401			—			—			—			2,401
Effect of settlements	309			—			—			—			309
Other comprehensive income, net of tax	14,633			—			—			—			14,633
Comprehensive income	$	64,487		$	111,292		$	1,097		$	(112,389	)	$	64,487

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

Consolidating Balance Sheets [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at September 30, 2015 (unaudited)

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	212,729	$	43	$	12	$	—		$	212,784
Receivables
Trade, less allowances	10		230,866		537		—			231,413
Related parties	—		959		—		—			959
Other	894		6,730		267		—			7,891
Inventories	—		397,534		7,081		—			404,615
Deferred income taxes	17,435		—		4		—			17,439
Prepaid expenses and other	4,915		2,215		13		—			7,143
Total current assets	235,983		638,347		7,914		—			882,244

Property and equipment, net	3,073		376,156		6,342		—			385,571
Timber deposits	—		13,865		—		—			13,865
Deferred financing costs	6,929		—		—		—			6,929
Goodwill	—		21,823		—		—			21,823
Intangible assets, net	—		10,113		—		—			10,113
Other assets	647		10,964		15		—			11,626
Investments in affiliates	781,205		—		—		(781,205		)	—
Total assets	$	1,027,837	$	1,071,268	$	14,271	$	(781,205	)	$	1,332,171

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at September 30, 2015 (continued) (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	9,960		$	207,899	$	770	$	—		$	218,629
Related parties	—			3,636		—		—			3,636
Accrued liabilities	—			—		—		—
Compensation and benefits	14,160			41,163		262		—			55,585
Interest payable	8,157			—		—		—			8,157
Other	3,243			42,150		1,345		—			46,738
Total current liabilities	35,520			294,848		2,377		—			332,745

Debt
Long-term debt	351,259			—		—		—			351,259

Other
Compensation and benefits	83,551			—		—		—			83,551
Other long-term liabilities	20,526			7,109		—		—			27,635
	104,077			7,109		—		—			111,186

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	434			—		—		—			434
Treasury stock	(123,711		)	—		—		—			(123,711		)
Additional paid-in capital	506,555			—		—		—			506,555
Accumulated other comprehensive loss	(86,865		)	—		—		—			(86,865		)
Retained earnings	240,568			—		—		—			240,568
Subsidiary equity	—			769,311		11,894		(781,205		)	—
Total stockholders' equity	536,981			769,311		11,894		(781,205		)	536,981
Total liabilities and stockholders' equity	$	1,027,837		$	1,071,268	$	14,271	$	(781,205	)	$	1,332,171

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2014

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	163,512	$	23	$	14	$	—		$	163,549
Receivables
Trade, less allowances	237		171,613		464		—			172,314
Related parties	—		821		—		—			821
Other	171		6,908		232		—			7,311
Inventories	—		389,259		5,202		—			394,461
Deferred income taxes	20,305		—		6		—			20,311
Prepaid expenses and other	10,756		4,064		37		—			14,857
Total current assets	194,981		572,688		5,955		—			773,624

Property and equipment, net	1,601		359,474		7,053		—			368,128
Timber deposits	—		13,819		—		—			13,819
Deferred financing costs	7,149		—		—		—			7,149
Goodwill	—		21,823		—		—			21,823
Intangible assets, net	—		10,183		—		—			10,183
Deferred income taxes	16,684		—		—		—			16,684
Other assets	20		9,055		—		—			9,075
Investments in affiliates	771,026		—		—		(771,026		)	—
Total assets	$	991,461	$	987,042	$	13,008	$	(771,026	)	$	1,220,485

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2014 (continued)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	7,238		$	143,141	$	314	$	—		$	150,693
Related parties	—			1,743		—		—			1,743
Accrued liabilities
Compensation and benefits	18,793			46,867		510		—			66,170
Interest payable	3,298			—		—		—			3,298
Other	1,559			30,163		1,564		—			33,286
Total current liabilities	30,888			221,914		2,388		—			255,190

Debt
Long-term debt	301,415			—		—		—			301,415

Other
Compensation and benefits	156,218			—		—		—			156,218
Other long-term liabilities	10,552			4,722		—		—			15,274
	166,770			4,722		—		—			171,492

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	433			—		—		—			433
Treasury stock	(100,000		)	—		—		—			(100,000		)
Additional paid-in capital	502,739			—		—		—			502,739
Accumulated other comprehensive loss	(101,498		)	—		—		—			(101,498		)
Retained earnings	190,714			—		—		—			190,714
Subsidiary equity	—			760,406		10,620		(771,026		)	—
Total stockholders' equity	492,388			760,406		10,620		(771,026		)	492,388
Total liabilities and stockholders' equity	$	991,461		$	987,042	$	13,008	$	(771,026	)	$	1,220,485

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, 2015 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income	$	49,854		$	111,292		$	1,097		$	(112,389	)	$	49,854
Items in net income not using (providing) cash
Equity in net income of affiliates	(112,389		)	—			—			112,389			—
Depreciation and amortization, including deferred financing costs and other	1,398			40,064			852			—			42,314
Stock-based compensation	4,330			—			—			—			4,330
Pension expense	2,844			—			—			—			2,844
Deferred income taxes	20,722			—			—			—			20,722
Other	(587		)	(1,266		)	—			—			(1,853		)
Decrease (increase) in working capital
Receivables	(496		)	(58,777		)	(108		)	—			(59,381		)
Inventories	—			(8,275		)	(1,879		)	—			(10,154		)
Prepaid expenses and other	(2,081		)	(184		)	24			—			(2,241		)
Accounts payable and accrued liabilities	2,311			74,184			(10		)	—			76,485
Pension contributions	(53,701		)	—			—			—			(53,701		)
Income taxes payable	13,488			—			1			—			13,489
Other	(1,635		)	(3,132		)	(15		)	—			(4,782		)
Net cash provided by (used for) operations	(75,942		)	153,906			(38		)	—			77,926
Cash provided by (used for) investment
Expenditures for property and equipment	(2,176		)	(54,397		)	(125		)	—			(56,698		)
Proceeds from sales of assets and other	—			2,975			(16		)	—			2,959
Net cash used for investment	(2,176		)	(51,422		)	(141		)	—			(53,739		)
Cash provided by (used for) financing
Borrowings of long-term debt	50,000			—			—			—			50,000
Treasury stock purchased	(23,711		)	—			—			—			(23,711		)
Financing costs	(702		)	—			—			—			(702		)
Other	(462		)	(77		)	—			—			(539		)
Due to (from) affiliates	102,210			(102,387		)	177			—			—
Net cash provided by (used for) financing	127,335			(102,464		)	177			—			25,048
Net increase (decrease) in cash and cash equivalents	49,217			20			(2		)	—			49,235
Balance at beginning of the period	163,512			23			14			—			163,549
Balance at end of the period	$	212,729		$	43		$	12		$	—		$	212,784

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 and other	—			4,781			(14		)	—			4,767
Net cash used for investment	(514		)	(35,393		)	(186		)	—			(36,093		)
Cash provided by (used for) financing
Borrowings on revolving credit facility	57,600			—			—			—			57,600
Payments on 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