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Stockholders' Equity
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders' Equity

Upon our conversion from a limited liability company to a corporation, our certificate of incorporation authorized 300,000,000 shares of common stock and 50,000,000 shares of preferred stock. No preferred stock was issued or outstanding as of December 31, 2015 and 2014. We had 43,412,660 and 43,282,201 shares of common stock issued and 38,825,687 and 39,418,139 shares of common stock outstanding as of December 31, 2015 and 2014, respectively. Each share of common stock entitles the holder to one vote on matters to be voted on by the stockholders of Boise Cascade.
    
On February 11, 2013, we issued 13,529,412 shares of common stock in our initial public offering. Following this initial public offering, we received proceeds of $262.5 million, after deducting underwriting discounts and commissions of
$19.2 million and offering expenses of $2.5 million.

See Note 3, Income Taxes, for a discussion of our conversion from a limited liability company to a corporation. The common stock authorized and outstanding, par values, net income per share amounts, and other per-share disclosures for all periods presented have been adjusted to reflect the impact of this conversion. Upon this conversion, we reclassified $32.0 million of accumulated deficits through February 4, 2013, to additional paid-in capital.

Stock Repurchase

On February 25, 2015, our Board of Directors (Board) authorized a two million share repurchase program (Program) pursuant to which we may, from time to time, purchase shares of our common stock through various means including, without limitation, open market transactions, privately negotiated transactions, or accelerated share repurchase transactions. We are not obligated to purchase any shares and there is no set date that the Program will expire. The Board may increase or decrease the number of shares under the Program or terminate the Program in its discretion at any time. During 2015, we repurchased 722,911 shares under the Program at a cost of $23.7 million, or an average of $32.80 per share, with cash on hand. On July 30, 2013, we repurchased 3,864,062 shares of common stock from BC Holdings for $100.0 million funded with cash on hand. Repurchased shares are recorded as "Treasury stock" on our Consolidated Balance Sheet.

Subsequent to December 31, 2015, we repurchased 180,100 shares of our common stock at a cost of $2.6 million, or an average of $14.62 per share.

Redeemable Equity

Redeemable equity represented equity units of Forest Products Holdings, L.L.C. (FPH), former majority owner of BC Holdings, held by certain members of our senior management team, which units were redeemable at the option of the holder in the event of death or disability or the sale of a division resulting in the termination of his or her employment. We had historically classified these units outside of our permanent equity because these units were subject to mandatory redemption (and could have been subject to repayment by us) upon an event outside our control (i.e., death or disability). In 2013, following our initial public offering, we reclassified the remaining equity units as permanent equity because we no longer have an obligation to satisfy this redemption obligation on FPH's behalf.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss are as follows:

 
 
Changes in Accumulated Other Comprehensive Loss
 
 
Year Ended December 31
 
 
2015
 
2014
 
2013
 
 
(thousands)
Beginning Balance, net of taxes
 
$
(101,498
)
 
$
(55,249
)
 
$
(121,229
)
Net actuarial gain (loss), current-period changes, before taxes
 
8,406

 
(75,016
)
 
97,171

Amortization of actuarial (gain) loss, amounts reclassified from accumulated other comprehensive loss, before taxes (a)
 
4,884

 
(23
)
 
9,202

Effect of settlements, amounts reclassified from accumulated other comprehensive loss, before taxes (a)
 
501

 
—

 
—

Amortization of prior service costs and other, amounts reclassified from accumulated other comprehensive loss, before taxes (a)
 
—

 
—

 
304

Income taxes
 
(5,308
)
 
28,790

 
(40,697
)
Ending Balance, net of taxes
 
$
(93,015
)
 
$
(101,498
)
 
$
(55,249
)

___________________________________ 
 
(a)
Represents amounts reclassified from accumulated other comprehensive loss. These amounts are included in the computation of net periodic pension cost. For additional information, see Note 7, Retirement and Benefit Plans.