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Segment Information (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Integer3
Segment Reporting Information                      
Sales $ 876,500 $ 991,600 $ 955,400 $ 809,900 $ 862,000 $ 983,300 $ 961,200 $ 767,200 $ 3,633,415 $ 3,573,732 $ 3,273,496
Income before income taxes                 80,682 123,305 78,148
Depreciation and amortization                 55,578 51,439 38,038
EBITDA [1]                 158,500 196,600 136,400
Capital expenditures                 87,500 61,200 148,800
Assets 1,248,606       1,213,336       1,248,606 1,213,336 1,095,900
Interest expense                 (22,532) (22,049) (20,426)
Interest income                 323 237 241
Acquisitions of businesses and facilities                 0 0 103,029
Pension expense                 2,825 838 10,989
Wood Products [Member]                      
Segment Reporting Information                      
Sales                 742,300 787,200 674,000
Depreciation and amortization                 43,300 41,500 28,700
EBITDA [1],[2]                 107,500 149,800 106,300
Capital expenditures                 68,800 40,300 133,600 [3]
Assets 556,000       533,100       556,000 533,100 514,500
Acquisitions of businesses and facilities                     $ 103,000
Number of Manufacturing Facilities Acquired | Integer3                     2
Pension expense                   400 $ 7,600
Building Materials Distribution [Member]                      
Segment Reporting Information                      
Sales                 2,891,100 2,786,500 2,599,500
Depreciation and amortization                 11,900 9,800 9,200
EBITDA [1],[2]                 72,700 66,500 49,200
Capital expenditures                 14,500 20,300 14,700
Assets 506,300       483,600       506,300 483,600 456,100
Pension expense                   300 3,100
Corporate and Other [Member]                      
Segment Reporting Information                      
Sales                 0 0 0
Depreciation and amortization                 400 200 100
EBITDA [1],[2]                 (21,700) (19,800) (19,100)
Capital expenditures                 4,300 600 500
Assets $ 186,300       $ 196,700       186,300 196,700 125,200
Operating Segments [Member]                      
Segment Reporting Information                      
Income before income taxes                 102,900 145,100 98,300
Operating Segments [Member] | Wood Products [Member]                      
Segment Reporting Information                      
Sales                 1,282,100 1,317,000 1,134,100
Income before income taxes [2]                 64,200 108,400 77,700
Operating Segments [Member] | Building Materials Distribution [Member]                      
Segment Reporting Information                      
Sales                 2,891,300 2,786,700 2,599,600
Income before income taxes [2]                 60,800 56,700 39,900
Operating Segments [Member] | Corporate and Other [Member]                      
Segment Reporting Information                      
Sales                 0 0 0
Income before income taxes [2]                 (22,100) (19,900) (19,300)
Intersegment Eliminations [Member]                      
Segment Reporting Information                      
Sales                 (540,000) (529,900) (460,200)
Intersegment Eliminations [Member] | Wood Products [Member]                      
Segment Reporting Information                      
Sales                 (539,800) (529,800) (460,100)
Intersegment Eliminations [Member] | Building Materials Distribution [Member]                      
Segment Reporting Information                      
Sales                 (200) (100) (100)
Intersegment Eliminations [Member] | Corporate and Other [Member]                      
Segment Reporting Information                      
Sales                 $ 0 $ 0 $ 0
[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: Year Ended December 31 2015 2014 2013 (millions)Net income (1) $52.2 $80.0 $116.9Interest expense 22.5 22.0 20.4Interest income (0.3) (0.2) (0.2)Income tax provision (benefit) (1) 28.5 43.3 (38.8)Depreciation and amortization 55.6 51.4 38.0EBITDA $158.5 $196.6 $136.4 _______________________________________ (1)The year ended December 31, 2013, includes a $68.7 million income tax benefit associated with the recording of net deferred tax assets upon our conversion to a corporation.
[2] Prior to first quarter 2015, pension expense (which is primarily comprised of interest cost, expected return on plan assets, and amortization of actuarial losses) was recorded in each of our segments based on the associated individual employee roles and responsibilities. However, pension benefits are frozen for most employees and only a small number of hourly employees continue to accrue benefits. Therefore, management believes that recording pension expense in the Corporate and Other segment provides a clearer view of segment operating performance. In first quarter 2015, we made a change in our segment measurement method by recording all pension expense to the Corporate and Other segment. This change in measurement only impacts our segment disclosures, and thus it has no impact on our overall consolidated financial statements. Historical segment income (loss) and EBITDA have not been recast in the table above. For the year ended December 31, 2014, pension expense of $0.4 million and $0.3 million, respectively, was recorded in the Wood Products and Building Materials Distribution segments compared with $7.6 million and $3.1 million, respectively, of pension expense in 2013.
[3] Capital spending in 2013 for Wood Products includes $103.0 million for the acquisition of two plywood manufacturing facilities in the Carolinas.