Consolidating Guarantor and Nonguarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
Sales
Trade	$	186		$	877,072		$	3,437	$	—		$	880,695
Intercompany	—			—			5,512		(5,512		)	—
	186			877,072			8,949		(5,512		)	880,695

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	242			766,885			8,145		(5,728		)	769,544
Depreciation and amortization	370			14,585			283		—			15,238
Selling and distribution expenses	163			67,447			431		—			68,041
General and administrative expenses	5,235			10,601			—		216			16,052
Other (income) expense, net	—			(1,624		)	39		—			(1,585		)
	6,010			857,894			8,898		(5,512		)	867,290

Income (loss) from operations	(5,824		)	19,178			51		—			13,405

Foreign currency exchange gain	27			77			94		—			198
Interest expense	(5,764		)	(38		)	—		—			(5,802		)
Interest income	112			37			—		—			149
Change in fair value of interest rate swaps	(69		)	—			—		—			(69		)
	(5,694		)	76			94		—			(5,524		)

Income (loss) before income taxes and equity in net income of affiliates	(11,518		)	19,254			145		—			7,881
Income tax (provision) benefit	(2,956		)	25			—		—			(2,931		)

Income (loss) before equity in net income of affiliates	(14,474		)	19,279			145		—			4,950
Equity in net income of affiliates	19,424			—			—		(19,424		)	—
Net income	4,950			19,279			145		(19,424		)	4,950

Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss	294			—			—		—			294
Effect of settlements	183			—			—		—			183
Other comprehensive income, net of tax	477			—			—		—			477
Comprehensive income	$	5,427		$	19,279		$	145	$	(19,424	)	$	5,427

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Three Months Ended March 31, 2015

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	807,727	$	2,176		$	—		$	809,903
Intercompany	—			—		4,039			(4,039		)	—
	—			807,727		6,215			(4,039		)	809,903

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	850			702,853		5,649			(4,313		)	705,039
Depreciation and amortization	58			13,239		290			—			13,587
Selling and distribution expenses	555			60,763		562			—			61,880
General and administrative expenses	5,293			6,441		—			274			12,008
Other (income) expense, net	(225		)	157		(231		)	—			(299		)
	6,531			783,453		6,270			(4,039		)	792,215

Income (loss) from operations	(6,531		)	24,274		(55		)	—			17,688

Foreign currency exchange gain (loss)	(172		)	133		(68		)	—			(107		)
Interest expense	(5,481		)	—		—			—			(5,481		)
Interest income	18			72		—			—			90
	(5,635		)	205		(68		)	—			(5,498		)

Income (loss) before income taxes and equity in net income of affiliates	(12,166		)	24,479		(123		)	—			12,190
Income tax (provision) benefit	(4,604		)	31		—			—			(4,573		)

Income (loss) before equity in net income of affiliates	(16,770		)	24,510		(123		)	—			7,617
Equity in net income of affiliates	24,387			—		—			(24,387		)	—
Net income (loss)	7,617			24,510		(123		)	(24,387		)	7,617

Other comprehensive income (loss), net of tax
Defined benefit pension plans
Amortization of actuarial loss	985			—		—			—			985
Effect of settlements	309			—		—			—			309
Other comprehensive income, net of tax	1,294			—		—			—			1,294
Comprehensive income (loss)	$	8,911		$	24,510	$	(123	)	$	(24,387	)	$	8,911

Consolidating Balance Sheets [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2016 (unaudited)

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	81,121	$	11	$	55	$	—		$	81,187
Receivables
Trade, less allowances	138		276,626		1,425		—			278,189
Related parties	—		515		—		—			515
Other	566		8,142		327		—			9,035
Inventories	—		433,800		6,763		—			440,563
Prepaid expenses and other	6,984		2,193		229		—			9,406
Total current assets	88,809		721,287		8,799		—			818,895

Property and equipment, net	5,466		540,958		6,358		—			552,782
Timber deposits	—		15,907		—		—			15,907
Goodwill	—		56,009		—		—			56,009
Intangible assets, net	—		16,067		—		—			16,067
Other assets	1,177		10,536		—		—			11,713
Investments in affiliates	1,059,524		—		—		(1,059,524		)	—
Total assets	$	1,154,976	$	1,360,764	$	15,157	$	(1,059,524	)	$	1,471,373

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2016 (continued) (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	15,408		$	236,344	$	1,278	$	—		$	253,030
Related parties	—			1,623		—		—			1,623
Accrued liabilities	—			—		—		—
Compensation and benefits	13,714			33,007		286		—			47,007
Interest payable	8,156			—		—		—			8,156
Other	(517		)	35,737		721		—			35,941
Total current liabilities	36,761			306,711		2,285		—			345,757

Debt
Long-term debt	474,356			—		—		—			474,356

Other
Compensation and benefits	93,678			—		—		—			93,678
Other long-term liabilities	11,858			6,951		450		—			19,259
	105,536			6,951		450		—			112,937

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	435			—		—		—			435
Treasury stock	(126,343		)	—		—		—			(126,343		)
Additional paid-in capital	508,923			—		—		—			508,923
Accumulated other comprehensive loss	(92,538		)	—		—		—			(92,538		)
Retained earnings	247,846			—		—		—			247,846
Subsidiary equity	—			1,047,102		12,422		(1,059,524		)	—
Total stockholders' equity	538,323			1,047,102		12,422		(1,059,524		)	538,323
Total liabilities and stockholders' equity	$	1,154,976		$	1,360,764	$	15,157	$	(1,059,524	)	$	1,471,373

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2015

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	184,434	$	11	$	51	$	—		$	184,496
Receivables
Trade, less allowances	8		186,488		642		—			187,138
Related parties	—		1,065		—		—			1,065
Other	925		9,712		224		—			10,861
Inventories	—		378,589		6,268		—			384,857
Prepaid expenses and other	15,032		7,620		1		(5,500		)	17,153
Total current assets	200,399		583,485		7,186		(5,500		)	785,570

Property and equipment, net	5,020		391,057		6,589		—			402,666
Timber deposits	—		15,848		—		—			15,848
Goodwill	—		21,823		—		—			21,823
Intangible assets, net	—		10,090		—		—			10,090
Other assets	1,503		11,091		15		—			12,609
Investments in affiliates	801,934		—		—		(801,934		)	—
Total assets	$	1,008,856	$	1,033,394	$	13,790	$	(807,434	)	$	1,248,606

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2015 (continued)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	4,552		$	153,953	$	524	$	—		$	159,029
Related parties	—			1,442		—		—			1,442
Accrued liabilities
Compensation and benefits	16,034			38,399		279		—			54,712
Interest payable	3,389			—		—		—			3,389
Other	1,958			36,617		7,003		(5,500		)	40,078
Total current liabilities	25,933			230,411		7,806		(5,500		)	258,650

Debt
Long-term debt	344,589			—		—		—			344,589

Other
Compensation and benefits	93,355			—		—		—			93,355
Other long-term liabilities	10,309			7,033		—		—			17,342
	103,664			7,033		—		—			110,697

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	434			—		—		—			434
Treasury stock	(123,711		)	—		—		—			(123,711		)
Additional paid-in capital	508,066			—		—		—			508,066
Accumulated other comprehensive loss	(93,015		)	—		—		—			(93,015		)
Retained earnings	242,896			—		—		—			242,896
Subsidiary equity	—			795,950		5,984		(801,934		)	—
Total stockholders' equity	534,670			795,950		5,984		(801,934		)	534,670
Total liabilities and stockholders' equity	$	1,008,856		$	1,033,394	$	13,790	$	(807,434	)	$	1,248,606

Consolidating Statements of Cash Flows [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2016 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income	$	4,950		$	19,279		$	145		$	(19,424	)	$	4,950
Items in net income not using (providing) cash
Equity in net income of affiliates	(19,424		)	—			—			19,424			—
Depreciation and amortization, including deferred financing costs and other	797			14,585			283			—			15,665
Stock-based compensation	1,693			—			—			—			1,693
Pension expense	739			—			—			—			739
Deferred income taxes	1,449			—			—			—			1,449
Change of fair value of interest rate swaps	69			—			—			—			69
Other	—			(114		)	—			—			(114		)
Decrease (increase) in working capital, net of acquisitions
Receivables	229			(77,651		)	(886		)	—			(78,308		)
Inventories	—			(37,871		)	(495		)	—			(38,366		)
Prepaid expenses and other	(1,957		)	5,427			(228		)	(5,500		)	(2,258		)
Accounts payable and accrued liabilities	11,311			74,487			(5,516		)	5,500			85,782
Pension contributions	(2,340		)	—			—			—			(2,340		)
Income taxes payable	10,732			—			—			—			10,732
Other	810			213			465			—			1,488
Net cash provided by (used for) operations	9,058			(1,645		)	(6,232		)	—			1,181
Cash provided by (used for) investment
Expenditures for property and equipment	(695		)	(14,710		)	(56		)	—			(15,461		)
Acquisitions of businesses and facilities	—			(215,603		)	—			—			(215,603		)
Proceeds from sales of assets and other	—			145			(1		)	—			144
Net cash used for investment	(695		)	(230,168		)	(57		)	—			(230,920		)
Cash provided by (used for) financing
Borrowings of long-term debt	130,000			—			—			—			130,000
Treasury stock purchased	(2,632		)	—			—			—			(2,632		)
Financing costs	(493		)	—			—			—			(493		)
Tax withholding payments on stock-based awards	(383		)	—			—			—			(383		)
Other	(2		)	(60		)	—			—			(62		)
Due to (from) affiliates	(238,166		)	231,873			6,293			—			—
Net cash provided by (used for) financing	(111,676		)	231,813			6,293			—			126,430
Net increase (decrease) in cash and cash equivalents	(103,313		)	—			4			—			(103,309		)
Balance at beginning of the period	184,434			11			51			—			184,496
Balance at end of the period	$	81,121		$	11		$	55		$	—		$	81,187

Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2015 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income (loss)	$	7,617		$	24,510		$	(123	)	$	(24,387	)	$	7,617
Items in net income not using (providing) cash
Equity in net income of affiliates	(24,387		)	—			—			24,387			—
Depreciation and amortization, including deferred financing costs and other	437			13,239			290			—			13,966
Stock-based compensation	1,205			—			—			—			1,205
Pension expense	2,082			—			—			—			2,082
Deferred income taxes	408			—			—			—			408
Other	(447		)	(70		)	—			—			(517		)
Decrease (increase) in working capital
Receivables	(135		)	(38,655		)	(400		)	—			(39,190		)
Inventories	—			(36,290		)	(1,716		)	—			(38,006		)
Prepaid expenses and other	(2,597		)	1,367			(18		)	—			(1,248		)
Accounts payable and accrued liabilities	4,326			37,932			(659		)	—			41,599
Pension contributions	(12,919		)	—			—			—			(12,919		)
Income taxes payable	11,358			—			—			—			11,358
Other	(2,001		)	(338		)	—			—			(2,339		)
Net cash provided by (used for) operations	(15,053		)	1,695			(2,626		)	—			(15,984		)
Cash provided by (used for) investment
Expenditures for property and equipment	(123		)	(12,486		)	(9		)	—			(12,618		)
Proceeds from sales of assets and other	—			104			(5		)	—			99
Net cash used for investment	(123		)	(12,382		)	(14		)	—			(12,519		)
Cash provided by (used for) financing
Tax withholding payments on stock-based awards	(1,063		)	—			—			—			(1,063		)
Other	533			—			—			—			533
Due to (from) affiliates	(13,350		)	10,697			2,653			—			—
Net cash provided by (used for) financing	(13,880		)	10,697			2,653			—			(530		)
Net increase (decrease) in cash and cash equivalents	(29,056		)	10			13			—			(29,033		)
Balance at beginning of the period	163,512			23			14			—			163,549
Balance at end of the period	$	134,456		$	33		$	27		$	—		$	134,516