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Segment Information

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate our business using two reportable segments: Wood Products and Building Materials Distribution. Corporate and Other results are presented as reconciling items to arrive at total net sales and operating income. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 17, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2018 Form 10-K.

Wood Products and Building Materials Distribution segment sales to external customers, including related parties, by product line are as follows:

		Three Months Ended March 31
		2019				2018
		(millions)
Wood Products (a)
LVL		$	11.9			$	13.5
I-joists		5.3				9.9
Other engineered wood products		5.7				6.6
Plywood and veneer		67.4				87.1
Lumber		13.2				24.9
Byproducts		20.1				22.1
Particleboard		—				10.8
Other		10.8				15.5
		134.4				190.5
Building Materials Distribution
Commodity		398.4				490.6
General line		323.4				315.2
Engineered wood products		185.9				186.6
		907.7				992.4
		$	1,042.1			$	1,182.8

 ___________________________________ 

(a) Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our Building Materials Distribution segment, as well as the cost of EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, retail lumberyards, and professional builders). For the three months ended March 31, 2019, approximately 75% of Wood Products' EWP sales volumes were to our Building Materials Distribution segment.

An analysis of our operations by segment is as follows: 

	Three Months Ended March 31
	2019				2018
	(thousands)
Net sales by segment
Wood Products	$	319,523			$	397,991
Building Materials Distribution	907,708				992,381
Intersegment eliminations and other (a)	(185,145		)		(207,531		)
Total net sales	$	1,042,086			$	1,182,841
Segment operating income
Wood Products	$	11,630			$	26,121
Building Materials Distribution	17,517				32,388
Total segment operating income	29,147				58,509
Unallocated corporate and other	(7,493		)		(6,705		)
Income from operations	$	21,654			$	51,804

___________________________________ 

(a) Primarily represents intersegment sales from our Wood Products segment to our Building Materials Distribution segment.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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