XML 34 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information (Notes)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
 
We operate our business using two reportable segments: Wood Products and Building Materials Distribution. Unallocated corporate costs are presented as reconciling items to arrive at 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 2020 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
20212020
(millions)
Wood Products (a)
LVL$6.0 $6.1 
I-joists4.8 4.5 
Other engineered wood products10.6 6.4 
Plywood and veneer122.9 63.8 
Lumber18.9 12.3 
Byproducts17.6 20.7 
Other5.8 6.8 
186.5 120.5 
Building Materials Distribution  
Commodity906.2 440.3 
General line472.7 397.3 
Engineered wood products255.9 212.4 
1,634.8 1,050.0 
$1,821.3 $1,170.5 
 ___________________________________ 

(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, 2021 and 2020, approximately 78% and 79%, respectively, 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
 20212020
 (thousands)
Net sales by segment
Wood Products$432,335 $320,061 
Building Materials Distribution1,634,777 1,049,997 
Intersegment eliminations (a)(245,796)(199,524)
Total net sales$1,821,316 $1,170,534 
Segment operating income
Wood Products (b)$97,052 $3,763 
Building Materials Distribution120,219 29,302 
Total segment operating income217,271 33,065 
Unallocated corporate costs(12,010)(7,518)
Income from operations$205,261 $25,547 
___________________________________ 
 
(a)    Primarily represents intersegment sales from our Wood Products segment to our Building Materials Distribution segment.

(b)    Wood Products segment operating income for the three months ended March 31, 2020, included $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. For more information, see Note 5, Curtailment of Manufacturing Facility.