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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information We operate our business using two reportable segments: Wood Products and BMD. 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. Our chief operating decision maker 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 nonqualified 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, 2021, one customer accounted for 12% of total sales and for the year ended December 31, 2020, one customer accounted for 11% of total sales, when combining sales from Wood Products and BMD to those customers. For the year ended December 31, 2019, no customers accounted for 10% or more of total sales. Sales to foreign unaffiliated customers were approximately $128 million, $71 million, and $76 million, respectively, for the years ended December 31, 2021, 2020, and 2019. At December 31, 2021, 2020, and 2019, 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 BMD segment sales to external customers, including related parties, by product line are as follows:
|  | Year Ended December 31
|  | 2021 |  | 2020 |  | 2019
|  | (millions)
Wood Products (a) |  |  |  |  |  |
LVL (b) |  | $ | 4.3 |  |  | $ | 18.4 |  |  | $ | 39.5 |
I-joists (b) |  | (6.8) |  |  | 7.3 |  |  | 22.1 |
Other engineered wood products (b) |  | 43.0 |  |  | 23.9 |  |  | 26.8 |
Plywood and veneer |  | 539.3 |  |  | 332.7 |  |  | 255.1 |
Lumber |  | 81.8 |  |  | 54.7 |  |  | 52.5 |
Byproducts |  | 71.2 |  |  | 68.6 |  |  | 75.1 |
Other |  | 19.3 |  |  | 17.1 |  |  | 34.7 |
|  | 752.0 |  |  | 522.8 |  |  | 505.7 |
Building Materials Distribution |  |  |  |  |  |
Commodity |  | 3,704.7 |  |  | 2,309.9 |  |  | 1,725.4 |
General line |  | 2,164.8 |  |  | 1,762.3 |  |  | 1,580.7 |
Engineered wood products |  | 1,304.6 |  |  | 879.9 |  |  | 831.6 |
|  | 7,174.1 |  |  | 4,952.0 |  |  | 4,137.7 |
|  | $ | 7,926.1 |  |  | $ | 5,474.8 |  |  | $ | 4,643.4 |
___________________________________ (a)Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our BMD segment. (b)Sales of EWP to external customers are net of the cost of all EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, dealers, and homebuilders). For the years ended December 31, 2021, 2020, and 2019, approximately 78%, 80%, and 77%, respectively, of Wood Products' EWP sales volumes were to our BMD segment. An analysis of our operations by segment is as follows:
| Year Ended December 31
| 2021 |  | 2020 |  | 2019
| (thousands)
Net sales by segment |  |  |  |  |
Wood Products | $ | 1,970,804 |  |  | $ | 1,323,901 |  |  | $ | 1,275,167 |
Building Materials Distribution | 7,174,278 |  |  | 4,952,018 |  |  | 4,137,719 |
Intersegment eliminations (a) | (1,218,971) |  |  | (801,081) |  |  | (769,482) |
Total net sales | $ | 7,926,111 |  |  | $ | 5,474,838 |  |  | $ | 4,643,404 |
Segment operating income (loss) |  |  |  |  |
Wood Products (b) | $ | 531,235 |  |  | $ | 127,720 |  |  | $ | 54,197 |
Building Materials Distribution | 481,085 |  |  | 247,494 |  |  | 116,236 |
Total segment operating income | 1,012,320 |  |  | 375,214 |  |  | 170,433 |
Unallocated corporate costs | (40,517) |  |  | (40,185) |  |  | (33,974) |
Income from operations | $ | 971,803 |  |  | $ | 335,029 |  |  | $ | 136,459 |
Depreciation and amortization |  |  |  |  |
Wood Products (c) | $ | 55,249 |  |  | $ | 71,141 |  |  | $ | 57,671 |
Building Materials Distribution | 24,007 |  |  | 22,460 |  |  | 20,769 |
Corporate | 1,497 |  |  | 1,568 |  |  | 1,701 |
Total depreciation and amortization | $ | 80,753 |  |  | $ | 95,169 |  |  | $ | 80,141 |
Capital expenditures |  |  |  |  |
Wood Products | $ | 48,280 |  |  | $ | 38,230 |  |  | $ | 53,460 |
Building Materials Distribution (d) | 57,557 |  |  | 39,976 |  |  | 40,722 |
Corporate | 681 |  |  | 1,223 |  |  | 4,214 |
Total capital expenditures | $ | 106,518 |  |  | $ | 79,429 |  |  | $ | 98,396 |
__________________ (a)Primarily represents intersegment sales from our Wood Products segment to our BMD segment. During 2021, 2020, and 2019, approximately 62%, 61%, and 60%, respectively, of Wood Products' overall sales were to our BMD segment. (b)Wood Products segment operating income for the year ended December 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 6, Curtailment of Manufacturing Facility. (c)Depreciation and amortization for Wood Products includes $15.0 million of accelerated depreciation to fully depreciate the curtailed I-joist production assets at our Roxboro, North Carolina facility during first quarter 2020. For more information, see Note 6, Curtailment of Manufacturing Facility. (d)Capital spending in 2021 for BMD includes approximately $15 million to purchase a BMD property in Walton, Kentucky to expand our service capabilities in the Cincinnati and surrounding markets. Capital spending in 2019 for BMD includes $15.7 million for the acquisition of a wholesale building material distribution location in Birmingham, Alabama. For more information, see Note 7, Acquisitions.
| December 31
| 2021 |  | 2020
| (thousands)
Assets |  |  |
Wood Products | $ | 720,811 |  |  | $ | 605,359 |
Building Materials Distribution | 1,192,365 |  |  | 957,177 |
Corporate | 659,464 |  |  | 403,182 |
Total assets | $ | 2,572,640 |  |  | $ | 1,965,718 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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