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Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Sales by product line [Table Text Block]

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

		Year Ended December 31
		2019				2018				2017
		(millions)
Wood Products (a)
LVL		$	39.5			$	42.2			$	45.5
I-joists		22.1				29.3				35.2
Other engineered wood products		26.8				25.3				22.0
Plywood and veneer		255.1				336.2				324.4
Lumber (b)		52.5				86.0				87.6
Byproducts (c)		75.1				87.3				53.2
Particleboard (b)		—				37.5				46.0
Other		34.7				63.9				44.4
		505.7				707.7				658.3
Building Materials Distribution
Commodity		1,725.4				2,070.1				1,808.2
General line		1,580.7				1,421.5				1,269.5
Engineered wood products		831.6				796.0				696.0
		4,137.7				4,287.6				3,773.7
		$	4,643.4			$	4,995.3			$	4,432.0

  ___________________________________ 

(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 year ended December 31, 2019, approximately 77% of Wood Products' EWP sales volumes were to our Building Materials Distribution segment.

(b) In fourth quarter 2018, we sold two lumber mills and our particleboard plant located in Northeast Oregon. For additional information, see Note 7, Sale of Manufacturing Facilities.

(c) As discussed in Note 3, Revenues, upon adoption of ASC Topic 606, Revenue from Contracts with Customers, under the modified retrospective method on January 1, 2018, amounts recorded in 2017 have not been adjusted.

Segment information [Table Text Block]

An analysis of our operations by segment is as follows:

	Year Ended December 31
	2019				2018				2017
	(thousands)
Net sales by segment
Wood Products	$	1,275,167			$	1,533,270			$	1,373,760
Building Materials Distribution	4,137,719				4,287,702				3,773,810
Intersegment eliminations and other (a)	(769,482		)		(825,682		)		(715,579		)
Total net sales	$	4,643,404			$	4,995,290			$	4,431,991
Segment operating income (loss)
Wood Products (b)	$	54,197			$	(10,022	)		$	53,629
Building Materials Distribution	116,236				112,510				116,760
Total segment operating income	170,433				102,488				170,389
Unallocated corporate costs	(33,974		)		(30,450		)		(28,976		)
Income from operations	$	136,459			$	72,038			$	141,413
Depreciation and amortization
Wood Products (c)	$	57,671			$	126,989			$	63,115
Building Materials Distribution	20,769				18,280				15,504
Corporate	1,701				1,568				1,760
Total depreciation and amortization	$	80,141			$	146,837			$	80,379
Capital expenditures
Wood Products	$	53,460			$	53,392			$	54,600
Building Materials Distribution (d)	40,722				51,306				19,301
Corporate	4,214				771				1,549
Total capital expenditures	$	98,396			$	105,469			$	75,450

__________________ 

(a) Primarily represents intersegment sales from our Wood Products segment to our Building Materials Distribution segment. During 2019, 2018, and 2017, approximately 60%, 54%, and 52%, respectively, of Wood Products' overall sales were to our Building Materials Distribution segment.

(b) Wood Products segment operating loss for the year ended December 31, 2018, includes pre-tax facility impairment and sales related losses of $35.5 million, as well as $57.8 million of accelerated depreciation and other curtailment costs related to the permanent curtailment of LVL production at our Roxboro, North Carolina facility. For more information, see Note 6, Curtailment of Manufacturing Facilities and Note 7, Sale of Manufacturing Facilities.

(c) Depreciation and amortization for Wood Products includes $55.0 million of accelerated depreciation to fully depreciate the curtailed LVL production assets at our Roxboro, North Carolina facility during fourth quarter 2018. For more information, see Note 6, Curtailment of Manufacturing Facilities.

(d) Capital spending in 2019 and 2018 for Building Materials Distribution includes $15.7 million and $25.5 million, respectively, for the acquisition of wholesale building material distribution locations. For more information, see Note 8, Acquisitions.

	December 31
	2019				2018
	(thousands)
Assets
Wood Products	$	635,475			$	690,400
Building Materials Distribution	768,095				699,261
Corporate	289,781				191,587
Total assets	$	1,693,351			$	1,581,248

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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