Consolidating Guarantor and Nonguarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2016

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	103		$	1,039,139		$	4,531		$	—		$	1,043,773
Intercompany	—			—			5,727			(5,727		)	—
	103			1,039,139			10,258			(5,727		)	1,043,773

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	258			891,237			9,263			(6,043		)	894,715
Depreciation and amortization	428			17,842			282			—			18,552
Selling and distribution expenses	174			76,306			375			—			76,855
General and administrative expenses	6,767			8,529			—			316			15,612
Other (income) expense, net	13			32			127			—			172
	7,640			993,946			10,047			(5,727		)	1,005,906

Income (loss) from operations	(7,537		)	45,193			211			—			37,867

Foreign currency exchange gain (loss)	40			22			(34		)	—			28
Interest expense	(6,391		)	(36		)	—			—			(6,427		)
Interest income	7			20			—			—			27
Change in fair value of interest rate swaps	(1,532		)	—			—			—			(1,532		)
	(7,876		)	6			(34		)	—			(7,904		)

Income (loss) before income taxes and equity in net income of affiliates	(15,413		)	45,199			177			—			29,963
Income tax (provision) benefit	(10,767		)	32			—			—			(10,735		)

Income (loss) before equity in net income of affiliates	(26,180		)	45,231			177			—			19,228
Equity in net income of affiliates	45,408			—			—			(45,408		)	—
Net income	19,228			45,231			177			(45,408		)	19,228

Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss	294			—			—			—			294
Other comprehensive income, net of tax	294			—			—			—			294
Comprehensive income	$	19,522		$	45,231		$	177		$	(45,408	)	$	19,522

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Three Months Ended June 30, 2015

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	951,728		$	3,669		$	—		$	955,397
Intercompany	—			—			5,853			(5,853		)	—
	—			951,728			9,522			(5,853		)	955,397

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	405			822,032			8,050			(5,904		)	824,583
Depreciation and amortization	64			12,926			291			—			13,281
Selling and distribution expenses	314			67,493			447			—			68,254
General and administrative expenses	5,143			6,824			—			51			12,018
Other (income) expense, net	(22		)	(4		)	(72		)	—			(98		)
	5,904			909,271			8,716			(5,853		)	918,038

Income (loss) from operations	(5,904		)	42,457			806			—			37,359

Foreign currency exchange gain (loss)	(83		)	44			80			—			41
Interest expense	(5,578		)	(13		)	—			—			(5,591		)
Interest income	21			37			—			—			58
	(5,640		)	68			80			—			(5,492		)

Income (loss) before income taxes and equity in net income of affiliates	(11,544		)	42,525			886			—			31,867
Income tax (provision) benefit	(11,663		)	26			—			—			(11,637		)

Income (loss) before equity in net income of affiliates	(23,207		)	42,551			886			—			20,230
Equity in net income of affiliates	43,437			—			—			(43,437		)	—
Net income	20,230			42,551			886			(43,437		)	20,230

Other comprehensive income, net of tax
Defined benefit pension plans
Actuarial gain	11,923			—			—			—			11,923
Amortization of actuarial loss	808			—			—			—			808
Other comprehensive income, net of tax	12,731			—			—			—			12,731
Comprehensive income	$	32,961		$	42,551		$	886		$	(43,437	)	$	32,961

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Six Months Ended June 30, 2016

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
Sales
Trade	$	289		$	1,916,211		$	7,968	$	—		$	1,924,468
Intercompany	—			—			11,239		(11,239		)	—
	289			1,916,211			19,207		(11,239		)	1,924,468

Costs and expenses
Materials, labor, and other operating expenses, (excluding depreciation)	500			1,658,122			17,408		(11,771		)	1,664,259
Depreciation and amortization	798			32,427			565		—			33,790
Selling and distribution expenses	337			143,753			806		—			144,896
General and administrative expenses	12,002			19,130			—		532			31,664
Other (income) expense, net	13			(1,592		)	166		—			(1,413		)
	13,650			1,851,840			18,945		(11,239		)	1,873,196

Income (loss) from operations	(13,361		)	64,371			262		—			51,272

Foreign currency exchange gain	67			99			60		—			226
Interest expense	(12,155		)	(74		)	—		—			(12,229		)
Interest income	119			57			—		—			176
Change in fair value of interest rate swaps	(1,601		)	—			—		—			(1,601		)
	(13,570		)	82			60		—			(13,428		)

Income (loss) before income taxes and equity in net income of affiliates	(26,931		)	64,453			322		—			37,844
Income tax (provision) benefit	(13,723		)	57			—		—			(13,666		)

Income (loss) before equity in net income of affiliates	(40,654		)	64,510			322		—			24,178
Equity in net income of affiliates	64,832			—			—		(64,832		)	—
Net income	24,178			64,510			322		(64,832		)	24,178

Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss	588			—			—		—			588
Effect of settlements	183			—			—		—			183
Other comprehensive income, net of tax	771			—			—		—			771
Comprehensive income	$	24,949		$	64,510		$	322	$	(64,832	)	$	24,949

Boise Cascade Company and Subsidiaries

Consolidating Statements of Comprehensive Income

For the Six Months Ended June 30, 2015

(unaudited)



	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Sales
Trade	$	—		$	1,759,455		$	5,845		$	—		$	1,765,300
Intercompany	—			—			9,892			(9,892		)	—
	—			1,759,455			15,737			(9,892		)	1,765,300

Costs and expenses
Materials, labor, and other operating expenses, (excluding depreciation)	1,255			1,524,885			13,699			(10,217		)	1,529,622
Depreciation and amortization	122			26,165			581			—			26,868
Selling and distribution expenses	869			128,256			1,009			—			130,134
General and administrative expenses	10,436			13,265			—			325			24,026
Other (income) expense, net	(247		)	153			(303		)	—			(397		)
	12,435			1,692,724			14,986			(9,892		)	1,710,253

Income (loss) from operations	(12,435		)	66,731			751			—			55,047

Foreign currency exchange gain (loss)	(255		)	177			12			—			(66		)
Interest expense	(11,059		)	(13		)	—			—			(11,072		)
Interest income	39			109			—			—			148
	(11,275		)	273			12			—			(10,990		)

Income (loss) before income taxes and equity in net income of affiliates	(23,710		)	67,004			763			—			44,057
Income tax (provision) benefit	(16,267		)	57			—			—			(16,210		)

Income (loss) before equity in net income of affiliates	(39,977		)	67,061			763			—			27,847
Equity in net income of affiliates	67,824			—			—			(67,824		)	—
Net income	27,847			67,061			763			(67,824		)	27,847

Other comprehensive income, net of tax
Defined benefit pension plans
Actuarial gain	11,923			—			—			—			11,923
Amortization of actuarial loss	1,793			—			—			—			1,793
Effect of settlements	309			—			—			—			309
Other comprehensive income, net of tax	14,025			—			—			—			14,025
Comprehensive income	$	41,872		$	67,061		$	763		$	(67,824	)	$	41,872

Consolidating Balance Sheets [Table Text Block]

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at June 30, 2016 (unaudited)

	Boise Cascade Company (Parent)		Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
ASSETS
Current
Cash and cash equivalents	$	96,030	$	11	$	48	$	—		$	96,089
Receivables
Trade, less allowances	36		277,624		1,044		—			278,704
Related parties	—		376		—		—			376
Other	850		6,220		318		—			7,388
Inventories	—		456,093		5,905		—			461,998
Prepaid expenses and other	8,143		2,467		145		—			10,755
Total current assets	105,059		742,791		7,460		—			855,310

Property and equipment, net	5,214		541,128		6,434		—			552,776
Timber deposits	—		12,246		—		—			12,246
Goodwill	—		55,433		—		—			55,433
Intangible assets, net	—		15,893		—		—			15,893
Other assets	761		11,069		—		—			11,830
Investments in affiliates	1,059,060		—		—		(1,059,060		)	—
Total assets	$	1,170,094	$	1,378,560	$	13,894	$	(1,059,060	)	$	1,503,488

Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at June 30, 2016 (continued) (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries		Non- guarantor Subsidiaries		Eliminations			Consolidated
	(thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$	8,286		$	238,256	$	1,198	$	—		$	247,740
Related parties	—			1,954		—		—			1,954
Accrued liabilities	—			—		—		—
Compensation and benefits	16,808			40,026		416		—			57,250
Interest payable	3,403			—		—		—			3,403
Other	7,425			42,207		1,154		—			50,786
Total current liabilities	35,922			322,443		2,768		—			361,133

Debt
Long-term debt	464,586			—		—		—			464,586

Other
Compensation and benefits	93,614			—		—		—			93,614
Other long-term liabilities	15,953			7,739		444		—			24,136
	109,567			7,739		444		—			117,750

Commitments and contingent liabilities

Stockholders' equity
Preferred stock	—			—		—		—			—
Common stock	435			—		—		—			435
Treasury stock	(126,343		)	—		—		—			(126,343		)
Additional paid-in capital	511,097			—		—		—			511,097
Accumulated other comprehensive loss	(92,244		)	—		—		—			(92,244		)
Retained earnings	267,074			—		—		—			267,074
Subsidiary equity	—			1,048,378		10,682		(1,059,060		)	—
Total stockholders' equity	560,019			1,048,378		10,682		(1,059,060		)	560,019
Total liabilities and stockholders' equity	$	1,170,094		$	1,378,560	$	13,894	$	(1,059,060	)	$	1,503,488

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 Six Months Ended June 30, 2016 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income	$	24,178		$	64,510		$	322		$	(64,832	)	$	24,178
Items in net income not using (providing) cash
Equity in net income of affiliates	(64,832		)	—			—			64,832			—
Depreciation and amortization, including deferred financing costs and other	1,669			32,427			565			—			34,661
Stock-based compensation	3,866			—			—			—			3,866
Pension expense	1,212			—			—			—			1,212
Deferred income taxes	3,901			—			—			—			3,901
Change of fair value of interest rate swaps	1,601			—			—			—			1,601
Other	27			45			—			—			72
Decrease (increase) in working capital, net of acquisitions
Receivables	47			(76,488		)	(496		)	—			(76,937		)
Inventories	—			(59,667		)	363			—			(59,304		)
Prepaid expenses and other	(4,017		)	5,153			(144		)	(5,500		)	(4,508		)
Accounts payable and accrued liabilities	3,793			92,133			(5,023		)	5,500			96,403
Pension contributions	(2,778		)	—			—			—			(2,778		)
Income taxes payable	18,695			1			—			—			18,696
Other	961			3,535			459			—			4,955
Net cash provided by (used for) operations	(11,677		)	61,649			(3,954		)	—			46,018
Cash provided by (used for) investment
Expenditures for property and equipment	(874		)	(33,801		)	(426		)	—			(35,101		)
Acquisitions of businesses and facilities	—			(215,900		)	—			—			(215,900		)
Proceeds from sales of assets and other	—			254			1			—			255
Net cash used for investment	(874		)	(249,447		)	(425		)	—			(250,746		)
Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility	352,700			—			—			—			352,700
Payments on revolving credit facility	(232,700		)	—			—			—			(232,700		)
Treasury stock purchased	(2,632		)	—			—			—			(2,632		)
Financing costs	(543		)	—			—			—			(543		)
Tax withholding payments on stock-based awards	(383		)	—			—			—			(383		)
Other	(1		)	(120		)	—			—			(121		)
Due to (from) affiliates	(192,294		)	187,918			4,376			—			—
Net cash provided by (used for) financing	(75,853		)	187,798			4,376			—			116,321
Net decrease in cash and cash equivalents	(88,404		)	—			(3		)	—			(88,407		)
Balance at beginning of the period	184,434			11			51			—			184,496
Balance at end of the period	$	96,030		$	11		$	48		$	—		$	96,089

Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2015 (unaudited)

	Boise Cascade Company (Parent)			Guarantor Subsidiaries			Non- guarantor Subsidiaries			Eliminations			Consolidated
	(thousands)
Cash provided by (used for) operations
Net income	$	27,847		$	67,061		$	763		$	(67,824	)	$	27,847
Items in net income not using (providing) cash
Equity in net income of affiliates	(67,824		)	—			—			67,824			—
Depreciation and amortization, including deferred financing costs and other	892			26,165			581			—			27,638
Stock-based compensation	2,898			—			—			—			2,898
Pension expense	2,881			—			—			—			2,881
Deferred income taxes	7,187			—			—			—			7,187
Other	(474		)	(148		)	—			—			(622		)
Decrease (increase) in working capital
Receivables	93			(61,486		)	(492		)	—			(61,885		)
Inventories	—			(18,993		)	(1,660		)	—			(20,653		)
Prepaid expenses and other	(3,411		)	25			11			—			(3,375		)
Accounts payable and accrued liabilities	(2,927		)	81,298			86			—			78,457
Pension contributions	(53,203		)	—			—			—			(53,203		)
Income taxes payable	14,500			—			(1		)	—			14,499
Other	(2,095		)	157			(16		)	—			(1,954		)
Net cash provided by (used for) operations	(73,636		)	94,079			(728		)	—			19,715
Cash provided by (used for) investment
Expenditures for property and equipment	(958		)	(30,466		)	(9		)	—			(31,433		)
Proceeds from sales of assets and other	—			273			(10		)	—			263
Net cash used for investment	(958		)	(30,193		)	(19		)	—			(31,170		)
Cash provided by (used for) financing
Borrowings of long-term debt	50,000			—			—			—			50,000
Treasury stock purchased	(6,109		)	—			—			—			(6,109		)
Financing costs	(655		)	—			—			—			(655		)
Tax withholding payments on stock-based awards	(1,063		)	—			—			—			(1,063		)
Other	660			—			—			—			660
Due to (from) affiliates	63,152			(63,888		)	736			—			—
Net cash provided by (used for) financing	105,985			(63,888		)	736			—			42,833
Net increase (decrease) in cash and cash equivalents	31,391			(2		)	(11		)	—			31,378
Balance at beginning of the period	163,512			23			14			—			163,549
Balance at end of the period	$	194,903		$	21		$	3		$	—		$	194,927