XML 64 R38.htm IDEA: XBRL DOCUMENT v3.20.4

Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

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
						2020						2019						2018
						(millions)
Wood Products (a)
LVL						$	18.4					$	39.5					$	42.2
I-joists						7.3						22.1						29.3
Other engineered wood products						23.9						26.8						25.3
Plywood and veneer						332.7						255.1						336.2
Lumber (b)						54.7						52.5						86.0
Byproducts						68.6						75.1						87.3
Particleboard (b)						—						—						37.5
Other						17.1						34.7						63.9
						522.8						505.7						707.7
Building Materials Distribution
Commodity						2,309.9						1,725.4						2,070.1
General line						1,762.3						1,580.7						1,421.5
Engineered wood products						879.9						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.

Segment information [Table Text Block]

An analysis of our operations by segment is as follows:

			Year Ended December 31
			2020						2019						2018
			(thousands)
Net sales by segment
Wood Products			$	1,323,901					$	1,275,167					$	1,533,270
Building Materials Distribution			4,952,018						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 Distribution			247,494						116,236						112,510
Total segment operating income			375,214						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 Distribution			22,460						20,769						18,280
Corporate			1,568						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
Corporate			1,223						4,214						771
Total capital expenditures			$	79,429					$	98,396					$	105,469

__________________ 

(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
			2020						2019
			(thousands)
Assets
Wood Products			$	605,359					$	635,475
Building Materials Distribution			957,177						768,095
Corporate			403,182						289,781
Total assets			$	1,965,718					$	1,693,351

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration