<SEC-DOCUMENT>0001328581-22-000090.txt : 20221220
<SEC-HEADER>0001328581-22-000090.hdr.sgml : 20221220
<ACCEPTANCE-DATETIME>20221014183016
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001328581-22-000090
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20221014

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BOISE CASCADE Co
		CENTRAL INDEX KEY:			0001328581
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS [5030]
		IRS NUMBER:				201496201
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1111 WEST JEFFERSON STREET, SUITE 300
		STREET 2:		P. O. BOX 50
		CITY:			BOISE
		STATE:			ID
		ZIP:			83702
		BUSINESS PHONE:		(208) 384-6161

	MAIL ADDRESS:	
		STREET 1:		1111 WEST JEFFERSON STREET, SUITE 300
		STREET 2:		P. O. BOX 50
		CITY:			BOISE
		STATE:			ID
		ZIP:			83702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOISE CASCADE, L.L.C.
		DATE OF NAME CHANGE:	20050527
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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<title>Document</title></head><body><div id="i6b8c74a165224a3da2bd0357ac6bb071_1"></div><div style="min-height:90pt;width:100%"><div style="text-align:right"><img alt="image_0a.jpg" src="image_0a.jpg" style="height:74px;margin-bottom:5pt;vertical-align:text-bottom;width:129px"></div></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Boise Cascade Company&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1111 West Jefferson Street   Ste 300</font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Boise, ID 83702</font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">T 208 384-3638   </font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Kelly Hibbs&#64;BC.com</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">Kelly Hibbs</font></div><div><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:100%">SVP, CFO &#38; Treasurer</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">October 14, 2022</font></div><div style="text-align:right"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Aamira Chaudhry</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Amy Geddes</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">United States Securities and Exchange Commission</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Division of Corporation Finance</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Office of Trade &#38; Services</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Washington, D.C. 20549</font></div><div><font><br></font></div><div style="padding-left:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Re&#58; &#160;&#160;&#160;&#160;Boise Cascade Company </font></div><div style="padding-left:36pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Form 10-K for Fiscal Year Ended December 31, 2021</font></div><div style="padding-left:36pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Filed February 22, 2022</font></div><div style="padding-left:36pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">File No. 001-35805</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Dear Ms. Aamira Chaudhry and Ms. Amy Geddes&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;On behalf of Boise Cascade Company (the &#8220;Company&#8221;), set forth below are the Company&#8217;s responses to the comments of the Staff of the Division of Corporation Finance (the &#8220;Staff&#8221;) of the Securities and Exchange Commission (the &#8220;Commission&#8221;) delivered on October 6, 2022. For convenience of reference, the Staff&#8217;s comments are provided in italicized type herein. Capitalized terms used but not defined herein have the meanings ascribed to them in the Company&#8217;s Annual Report on Form 10-K for the fiscal year ending December 31, 2021 (the &#8220;Form 10-K&#8221;). </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Comment No.1&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Form 10-K for Fiscal Year Ended December 31, 2021</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Item 1. Business</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Segment Detail, page 11</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">It appears that you use Segment EBITDA to evaluate the performance of your segments&#59; however, it does not appear that this is the segment measure being presented in Footnote 16 of the financial statements.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Response&#58;</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Segment EBITDA, by definition a non-GAAP measure, is one of several measures we use to evaluate the performance of our segments. Accordingly, we prominently present both segment income and segment EBITDA in our filings with the Commission. For example, Item 1 to our Form 10-K includes reconciliations of segment EBITDA for our Wood Products and BMD segments, as well as the definitions of Segment EBITDA and EBITDA. In addition, we note that Footnote 16 to our Form 10-K includes all the necessary components for an investor to calculate our segment EBITDA. As such, given that segment EBITDA is a non-GAAP measure and is defined and reconciled in Item 1 to our Form 10-K, we have elected to exclude it from Footnote 16, which is subject to audit by our independent external auditors in accordance with U.S. GAAP.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:90pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Page 2</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">October 14, 2022</font></div><div><font><br></font></div><div><font><br></font></div></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Comment No.2&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Form 10-K for Fiscal Year Ended December 31, 2021</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Item 8. Financial Statements and Supplementary Data</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Notes to Consolidated Financial Statements</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%;text-decoration:underline">Note 2. Summary of Significant Accounting Policies &#8211; Leases, page 61</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">We note that your short-term leases also include certain real estate for which either party has the right to cancel upon providing notice of 30 to 90 days. Please tell us what the contractual lease term is for these leases. Additional please provide us an estimate of the total lease payment obligation related to these leases.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Response&#58;</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">We note that our lease policies stated in Footnote 2 support our overall lease financial disclosures in Footnote 10, page 72. For the fiscal year ended December 31, 2021, we incurred approximately $5.2 million of short-term lease costs, which included approximately $330,000 of short-term lease expenses related to real estate. These short-term real estate leases consisted of rail tracks, land acreage, small office units, and warehouses. All rail track agreements have a contractual term of 12 months, and our total lease payment obligation for rail track leases is approximately $54,000. Our leases of land acreage, small office units, and warehouses all have contractual terms between 1 and 12 months and our total lease payment obligation related to these leases is less than approximately $65,000. As noted in our lease policy in Footnote 2, all real estate agreements referenced above provide either party the right to cancel within 30 to 90 days. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;If you have any questions regarding any of the responses in this letter, please call me at 208-384-3638. </font></div><div><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Respectfully submitted, </font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#47;s&#47; Kelly E. Hibbs</font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Kelly E. Hibbs</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Chief Financial Officer </font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Cc&#58;&#160;&#160;&#160;&#160;Perkins Coie LLP</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
