XML 110 R84.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
 [2]
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Segment Reporting Information                      
Sales $ 1,472,200 [1] $ 1,589,300 $ 1,242,800 $ 1,170,500 [3] $ 1,101,700 $ 1,269,500 $ 1,230,100 $ 1,042,100 $ 5,474,838 $ 4,643,404 $ 4,995,290
Income (loss) from operations 99,100 [1] $ 158,600 $ 51,800 25,500 [3] 24,800 $ 44,900 $ 45,100 $ 21,700 335,029 136,459 72,038
Depreciation and amortization                 95,169 80,141 146,837
Capital expenditures                 79,429 98,396 105,469
Loss on sale and curtailment of facilities                 1,707 0 38,314
Payments to Acquire Businesses, Net of Cash Acquired                 0 15,676 25,482
Assets 1,965,718       1,693,351       1,965,718 1,693,351  
BMD Birmingham Acquisition [Member]                      
Segment Reporting Information                      
Payments to Acquire Businesses, Net of Cash Acquired                   15,700  
Nashville, Medford, and Cincinnati BMD facilities [Member]                      
Segment Reporting Information                      
Payments to Acquire Businesses, Net of Cash Acquired                     25,500
Curtailment of I-joist Production at Roxboro, NC Facility [Member]                      
Segment Reporting Information                      
Accelerated depreciation                 15,000    
Curtailment of LVL Production at Roxboro, NC Facility [Member]                      
Segment Reporting Information                      
Accelerated depreciation                     55,000
Operating Segments [Member]                      
Segment Reporting Information                      
Income (loss) from operations                 375,214 170,433 102,488
Intersegment eliminations [Member]                      
Segment Reporting Information                      
Sales [4]                 (801,081) (769,482) (825,682)
Corporate, Non-Segment [Member]                      
Segment Reporting Information                      
Income (loss) from operations                 (40,185) (33,974) (30,450)
Depreciation and amortization                 1,568 1,701 1,568
Capital expenditures                 1,223 4,214 771
Assets 403,182       289,781       403,182 289,781  
Wood Products [Member]                      
Segment Reporting Information                      
Sales [5]                 522,800 505,700 707,700
Depreciation and amortization                 71,141 [6] 57,671 126,989 [6]
Capital expenditures                 $ 38,230 $ 53,460 $ 53,392
Intersegment Sales As Percentage to Total Sales                 61.00% 60.00% 54.00%
Assets 605,359       635,475       $ 605,359 $ 635,475  
Wood Products [Member] | Curtailment of I-joist Production at Roxboro, NC Facility [Member]                      
Segment Reporting Information                      
Accelerated depreciation       15,000         15,000    
Other closure related costs       $ 1,700         1,700    
Wood Products [Member] | Curtailment of LVL Production at Roxboro, NC Facility [Member]                      
Segment Reporting Information                      
Accelerated depreciation                     $ 55,000
Accelerated depreciation and other costs                     57,800
Wood Products [Member] | Loss on sale and curtailment of facilities [Member]                      
Segment Reporting Information                      
Loss on sale and curtailment of facilities                     35,500
Wood Products [Member] | Operating Segments [Member]                      
Segment Reporting Information                      
Sales                 1,323,901 1,275,167 1,533,270
Income (loss) from operations                 127,720 [7] 54,197 (10,022) [7]
Building Materials Distribution [Member]                      
Segment Reporting Information                      
Sales                 4,952,000 4,137,700 4,287,600
Depreciation and amortization                 22,460 20,769 18,280
Capital expenditures                 39,976 40,722 [8] 51,306 [8]
Assets $ 957,177       $ 768,095       957,177 768,095  
Building Materials Distribution [Member] | Operating Segments [Member]                      
Segment Reporting Information                      
Sales                 4,952,018 4,137,719 4,287,702
Income (loss) from operations                 $ 247,494 $ 116,236 $ 112,510
[1] Fourth quarter 2020 results include $6.2 million of pre-tax losses, or $0.12 per share after-tax, from a non-cash pension settlement charge related to the Plan Termination, as discussed in Note 12, Retirement and Benefit Plans. Fourth quarter 2020 results also include $38.8 million, or $0.98 per share, of incremental income tax expense related to the release of stranded tax effects upon Plan Termination, as discussed in Note 4, Income Taxes.
[2] Third quarter 2020 results include $14.0 million of pre-tax losses on extinguishment of debt, or $0.27 per share after-tax, as we refinanced our senior notes at a lower interest rate with an extended maturity, as discussed in Note 10, Debt.
[3] First quarter 2020 results include $15.0 million and $1.7 million, respectively, of pre-tax accelerated depreciation and other curtailment related costs, or $0.32 per share after-tax, related to the permanent curtailment of I-joist production at our Roxboro, North Carolina facility, as discussed in Note 6, Curtailment of Manufacturing Facilities.
[4] 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.
[5] 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.
[6] 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.
[7] 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.
[8] 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.