XML 47 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment information [Table Text Block]
An analysis of our operations by segment is as follows: 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
Sales
 
Before
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Income
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
Taxes
 
Amortization
 
(a)
 
 
(millions)
Three Months Ended June 30, 2016
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
193.6

 
$
152.7

 
$
346.4

 
$
16.3

 
$
14.8

 
$
31.1

Building Materials Distribution
 
850.0

 
—

 
850.0

 
29.1

 
3.4

 
32.5

Corporate and Other
 
0.1

 
—

 
0.1

 
(7.5
)
 
0.4

 
(7.1
)
Intersegment eliminations
 
—

 
(152.7
)
 
(152.7
)
 
—

 
—

 
—

 
 
$
1,043.8

 
$
—

 
$
1,043.8

 
37.9

 
$
18.6

 
$
56.4

Interest expense
 
 
 
 
 
 
 
(6.4
)
 
 
 


Interest income
 
 
 
 
 
 
 
—

 
 
 


Change in fair value of interest rate swaps
 
 
 
 
 
 
 
(1.5
)
 
 
 
 
 
 

 


 


 
$
30.0

 


 
 

 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
Sales
 
Before
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Income
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
Taxes
 
Amortization
 
(a)
 
 
(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)
 
 
 
 
 
 
Sales
 
Before
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Income
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
Taxes
 
Amortization
 
(a)
 
 
(millions)
Six Months Ended June 30, 2016
 
 

 
 

 
 

 
 

 
 

Wood Products
 
$
356.9

 
$
292.9

 
$
649.8

 
$
22.2

 
$
26.4

 
$
48.6

Building Materials Distribution
 
1,567.3

 
—

 
1,567.3

 
42.5

 
6.6

 
49.1

Corporate and Other
 
0.3

 
—

 
0.3

 
(13.2
)
 
0.8

 
(12.4
)
Intersegment eliminations
 
—

 
(292.9
)
 
(292.9
)
 
—

 
—

 
—

 
 
$
1,924.5

 
$
—

 
$
1,924.5

 
51.5

 
$
33.8

 
$
85.3

Interest expense
 
 
 
 
 
 
 
(12.2
)
 
 
 
 
Interest income
 
 
 
 
 
 
 
0.2

 
 
 
 
Change in fair value of interest rate swaps
 
 
 
 
 
 
 
(1.6
)
 
 
 
 
 
 
 
 
 
 
 
 
$
37.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)
 
 
 
 
 
 
Sales
 
Before
 
Depreciation
 
 
 
 
 
 
Inter-
 
 
 
Income
 
and
 
EBITDA
 
 
Trade
 
segment
 
Total
 
Taxes
 
Amortization
 
(a)
 
 
(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

 
 
 
 
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
 
2016
 
2015
 
2016
 
2015
 
(millions)
Net income
$
19.2

 
$
20.2

 
$
24.2

 
$
27.8

Interest expense
6.4

 
5.6

 
12.2

 
11.1

Interest income
—

 
(0.1
)
 
(0.2
)
 
(0.1
)
Change in fair value of interest rate swaps
1.5

 
—

 
1.6

 
—

Income tax provision
10.7

 
11.6

 
13.7

 
16.2

Depreciation and amortization
18.6

 
13.3

 
33.8

 
26.9

EBITDA
$
56.4

 
$
50.7

 
$
85.3

 
$
81.8