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Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
 
    We operate our business using two reportable segments: Wood Products and Building Materials Distribution. 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. For a description of the products sold by our segments, see Note 3, Revenues.

    Unallocated corporate costs include corporate support staff services, related assets and liabilities, and pension plan activity. Support services include, but are not limited to, information technology, human resources, finance, accounting, and
legal functions. Specified expenses are allocated to the segments. For many of these allocated expenses, the related assets and liabilities remain in corporate.

    The segments follow the accounting principles described in Note 2, Summary of Significant Accounting Policies.

For the year ended December 31, 2020, one customer accounted for 11% of total sales, when combining sales from Wood Products and BMD to that customer. For the years ended December 31, 2019 and 2018, no customers accounted for 10% or more of total sales. Sales to foreign unaffiliated customers were approximately $71 million, $76 million, and $96 million, respectively, for the years ended December 31, 2020, 2019, and 2018.

    At December 31, 2020, 2019, and 2018, 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
202020192018
(millions)
Wood Products (a)
LVL$18.4 $39.5 $42.2 
I-joists7.3 22.1 29.3 
Other engineered wood products23.9 26.8 25.3 
Plywood and veneer332.7 255.1 336.2 
Lumber (b)54.7 52.5 86.0 
Byproducts68.6 75.1 87.3 
Particleboard (b)— — 37.5 
Other17.1 34.7 63.9 
522.8 505.7 707.7 
Building Materials Distribution  
Commodity2,309.9 1,725.4 2,070.1 
General line1,762.3 1,580.7 1,421.5 
Engineered wood products879.9 831.6 796.0 
4,952.0 4,137.7 4,287.6 
$5,474.8 $4,643.4 $4,995.3 
  ___________________________________ 

(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 homebuilders). For the years ended December 31, 2020, 2019, and 2018, approximately 80%, 77%, and 74%, respectively, 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.

An analysis of our operations by segment is as follows:
 Year Ended December 31
 202020192018
 (thousands)
Net sales by segment
Wood Products$1,323,901 $1,275,167 $1,533,270 
Building Materials Distribution4,952,018 4,137,719 4,287,702 
Intersegment eliminations (a)(801,081)(769,482)(825,682)
Total net sales$5,474,838 $4,643,404 $4,995,290 
Segment operating income (loss)
Wood Products (b)$127,720 $54,197 $(10,022)
Building Materials Distribution247,494 116,236 112,510 
Total segment operating income375,214 170,433 102,488 
Unallocated corporate costs(40,185)(33,974)(30,450)
Income from operations$335,029 $136,459 $72,038 
Depreciation and amortization
Wood Products (c)$71,141 $57,671 $126,989 
Building Materials Distribution22,460 20,769 18,280 
Corporate1,568 1,701 1,568 
Total depreciation and amortization$95,169 $80,141 $146,837 
Capital expenditures
Wood Products$38,230 $53,460 $53,392 
Building Materials Distribution (d)39,976 40,722 51,306 
Corporate1,223 4,214 771 
Total capital expenditures$79,429 $98,396 $105,469 
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(a)Primarily represents intersegment sales from our Wood Products segment to our Building Materials Distribution segment. During 2020, 2019, and 2018, approximately 61%, 60%, and 54%, respectively, of Wood Products' overall sales were to our Building Materials Distribution segment.

(b)Wood Products segment operating income for the year ended December 31, 2020, includes $15.0 million of accelerated depreciation and $1.7 million of other closure-related costs due to the permanent curtailment of I-joist production at our Roxboro, North Carolina facility. In addition, 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 $15.0 million and $55.0 million, respectively, of accelerated depreciation to fully depreciate the curtailed I-joist and LVL production assets at our Roxboro, North Carolina facility during first quarter 2020 and fourth quarter 2018, respectively. 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
 20202019
 (thousands)
Assets
Wood Products$605,359 $635,475 
Building Materials Distribution957,177 768,095 
Corporate403,182 289,781 
Total assets$1,965,718 $1,693,351