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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information We operate our business using three reportable segments: Wood Products, Building Materials Distribution, and Corporate and Other. These segments represent distinct businesses that are managed separately because of differing products and services. Each of these businesses requires distinct operating and marketing strategies. Management reviews the performance of the company based on these segments. Our Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), I-joists, and laminated beams, which are structural products used in applications where extra strength and consistent quality are required, such as headers and beams. LVL is also used in the manufacture of I-joists, which are assembled by combining a vertical web of oriented strand board (OSB) with top and bottom LVL or solid wood flanges. In addition, we manufacture structural, appearance, and industrial plywood panels. We also produce ponderosa pine lumber, studs, and particleboard. Our wood products are used primarily in new residential construction, residential repair-and-remodeling markets, and light commercial construction. The majority of our wood products are sold to leading wholesalers (including our Building Materials Distribution segment), home improvement centers, retail lumberyards, and industrial converters. During 2016, approximately 47% of Wood Products' overall sales were to our Building Materials Distribution segment. Our Building Materials Distribution segment is a leading national stocking wholesale distributor of building materials. We distribute a broad line of building materials, including EWP, OSB, plywood, lumber, and general line items such as siding, metal products, insulation, roofing, and composite decking. Except for EWP, we purchase most of these building materials from third-party suppliers and market them primarily to retail lumberyards, home improvement centers, and specialty distributors that then sell the products to the final end customers, who are typically professional builders, independent contractors, and homeowners engaged in residential construction projects. Our Corporate and Other segment includes corporate support staff services, related assets and liabilities, pension plan activity, and foreign currency exchange gains and losses. Support services include, but are not limited to, information technology, human resources, finance, accounting, and legal functions. The segments' profits and losses are measured on operating profits and losses before interest expense and interest income. Specified expenses are allocated to the segments. For many of these allocated expenses, the related assets and liabilities remain in the Corporate and Other segment. The segments follow the accounting principles described in Note 2, Summary of Significant Accounting Policies. For the years ended December 31, 2016, 2015, and 2014, no customers accounted for 10% or more of total sales. Sales to foreign unaffiliated customers were approximately $71 million, $85 million, and $76 million, respectively, for the years ended December 31, 2016, 2015, and 2014. At December 31, 2016, 2015, and 2014, and for the years then ended, long-lived assets located in foreign countries and net sales originating in foreign countries were not material. Wood Products and Building Materials Distribution segment sales to external customers, including related parties, by product line are as follows:
|  | Year Ended December 31
|  | 2016 |  | 2015 |  | 2014
|  | (millions)
Wood Products |  |  |  |  |  |
Engineered wood products |  | $ | 154.4 |  |  | $ | 127.2 |  |  | $ | 125.9 |
Plywood and veneer |  | 316.8 |  |  | 385.5 |  |  | 413.6 |
Lumber |  | 87.2 |  |  | 96.5 |  |  | 113.7 |
Byproducts |  | 56.0 |  |  | 62.0 |  |  | 56.1 |
Particleboard |  | 49.3 |  |  | 51.6 |  |  | 52.3 |
Other |  | 19.9 |  |  | 19.5 |  |  | 25.7 |
|  | 683.6 |  |  | 742.3 |  |  | 787.2 |
Building Materials Distribution |  |  |  |  |  |
Commodity |  | 1,503.0 |  |  | 1,343.4 |  |  | 1,376.1 |
General line |  | 1,141.9 |  |  | 1,037.8 |  |  | 937.3 |
Engineered wood products |  | 582.3 |  |  | 509.9 |  |  | 473.1 |
|  | 3,227.2 |  |  | 2,891.1 |  |  | 2,786.5 |
|  | $ | 3,910.8 |  |  | $ | 3,633.4 |  |  | $ | 3,573.7 |
An analysis of our operations by segment is as follows:
|  |  |  |  |  |  |  | Income |  |  |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |  |  |
|  | Sales |  | Before |  | Depreciation |  | Capital |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | Expenditures |  |
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | (a) |  | Assets
|  | (millions)
Year Ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 683.6 |  |  | $ | 596.8 |  |  | $ | 1,280.4 |  |  | $ | 25.9 |  |  | $ | 57.5 |  |  | $ | 282.4 |  |  | $ | 781.7 |
Building Materials Distribution |  | 3,227.2 |  |  | — |  |  | 3,227.2 |  |  | 84.4 |  |  | 13.8 |  |  | 15.8 |  |  | 548.1 |
Corporate and Other |  | 0.4 |  |  | — |  |  | 0.4 |  |  | (30.6 | ) |  | 1.6 |  |  | 1.2 |  |  | 109.4 |
Intersegment eliminations |  | — |  |  | (596.8 | ) |  | (596.8 | ) |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 3,911.2 |  |  | $ | — |  |  | $ | 3,911.2 |  |  | 79.7 |  |  | $ | 72.8 |  |  | $ | 299.5 |  |  | $ | 1,439.2 |
Interest expense |  |  |  |  |  |  |  | (26.7 | ) |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.4 |  |  |  |  |  |  |
Change in fair value of interest rate swaps |  |  |  |  |  |  |  | 4.2 |  |  |  |  |  |  |
Loss on extinguishment of debt |  |  |  |  |  |  |  | (14.3 | ) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | $ | 43.3 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Income |  |  |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |  |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | Capital |  |
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | Expenditures |  | Assets
|  | (millions)
Year Ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 742.3 |  |  | $ | 539.8 |  |  | $ | 1,282.1 |  |  | $ | 64.2 |  |  | $ | 43.3 |  |  | $ | 68.8 |  |  | $ | 556.0 |
Building Materials Distribution |  | 2,891.1 |  |  | 0.2 |  |  | 2,891.3 |  |  | 60.8 |  |  | 11.9 |  |  | 14.5 |  |  | 506.3 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (22.1 | ) |  | 0.4 |  |  | 4.3 |  |  | 186.3 |
Intersegment eliminations |  | — |  |  | (540.0 | ) |  | (540.0 | ) |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 3,633.4 |  |  | $ | — |  |  | $ | 3,633.4 |  |  | 102.9 |  |  | $ | 55.6 |  |  | $ | 87.5 |  |  | $ | 1,248.6 |
Interest expense |  |  |  |  |  |  |  | (22.5 | ) |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.3 |  |  |  |  |  |  |
|  |  |  |  |  |  |  | $ | 80.7 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Income |  |  |  |  |  |
|  |  |  |  |  |  |  | (Loss) |  |  |  |  |  |
|  | Sales |  | Before |  | Depreciation |  |  |  |
|  |  |  | Inter- |  |  |  | Income |  | and |  | Capital |  |
|  | Trade |  | segment |  | Total |  | Taxes |  | Amortization |  | Expenditures |  | Assets
|  | (millions)
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wood Products |  | $ | 787.2 |  |  | $ | 529.8 |  |  | $ | 1,317.0 |  |  | $ | 108.4 |  |  | $ | 41.5 |  |  | $ | 40.3 |  |  | $ | 533.1 |
Building Materials Distribution |  | 2,786.5 |  |  | 0.1 |  |  | 2,786.7 |  |  | 56.7 |  |  | 9.8 |  |  | 20.3 |  |  | 483.6 |
Corporate and Other |  | — |  |  | — |  |  | — |  |  | (19.9 | ) |  | 0.2 |  |  | 0.6 |  |  | 196.7 |
Intersegment eliminations |  | — |  |  | (529.9 | ) |  | (529.9 | ) |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 3,573.7 |  |  | $ | — |  |  | $ | 3,573.7 |  |  | 145.1 |  |  | $ | 51.4 |  |  | $ | 61.2 |  |  | $ | 1,213.3 |
Interest expense |  |  |  |  |  |  |  | (22.0 | ) |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  | 0.2 |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | $ | 123.3 |  |  |  |  |  |  |  |
___________________________________
(a) | Capital spending in 2016 for Wood Products includes $215.9 million for the acquisition of two EWP facilities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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