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Segment Information | 12 Months Ended
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Dec. 31, 2022
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. For a description of the products sold by our segments, see Note 3, Revenues. We measure and evaluate our reportable segments based on net sales and segment operating income (loss). Accordingly, our chief operating decision maker reviews the performance of the company and allocates resources based primarily on net sales and segment operating income (loss) for our business segments. Unallocated corporate costs are presented as reconciling items to arrive at operating income. 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 years ended December 31, 2022, 2021, and 2020, one customer accounted for 12%, 12% and 11%, respectively, of total sales when combining sales from Wood Products and BMD to those customers. Sales to foreign unaffiliated customers were approximately $142 million, $128 million, and $71 million, respectively, for the years ended December 31, 2022, 2021, and 2020. At December 31, 2022, 2021, and 2020, 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
|  | 2022 |  | 2021 |  | 2020
|  | (millions)
Wood Products (a) |  |  |  |  |  |
LVL (b) |  | $ | 21.2 |  |  | $ | 4.3 |  |  | $ | 18.4 |
I-joists (b) |  | (2.3) |  |  | (6.8) |  |  | 7.3 |
Other engineered wood products (b) |  | 43.9 |  |  | 43.0 |  |  | 23.9 |
Plywood and veneer |  | 493.2 |  |  | 539.3 |  |  | 332.7 |
Lumber |  | 78.9 |  |  | 81.8 |  |  | 54.7 |
Byproducts |  | 84.3 |  |  | 71.2 |  |  | 68.6 |
Other |  | 24.4 |  |  | 19.3 |  |  | 17.1 |
|  | 743.7 |  |  | 752.0 |  |  | 522.8 |
Building Materials Distribution |  |  |  |  |  |
Commodity |  | 3,432.3 |  |  | 3,704.7 |  |  | 2,309.9 |
General line |  | 2,542.7 |  |  | 2,164.8 |  |  | 1,762.3 |
Engineered wood products |  | 1,668.6 |  |  | 1,304.6 |  |  | 879.9 |
|  | 7,643.6 |  |  | 7,174.1 |  |  | 4,952.0 |
|  | $ | 8,387.3 |  |  | $ | 7,926.1 |  |  | $ | 5,474.8 |
___________________________________ (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, 2022, 2021, and 2020, approximately 77%, 78%, and 80%, 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
| 2022 |  | 2021 |  | 2020
| (thousands)
Net sales by segment |  |  |  |  |
Wood Products | $ | 2,115,896 |  |  | $ | 1,970,804 |  |  | $ | 1,323,901 |
Building Materials Distribution | 7,643,615 |  |  | 7,174,278 |  |  | 4,952,018 |
Intersegment eliminations (a) | (1,372,204) |  |  | (1,218,971) |  |  | (801,081) |
Total net sales | $ | 8,387,307 |  |  | $ | 7,926,111 |  |  | $ | 5,474,838 |
Segment operating income (loss) |  |  |  |  |
Wood Products (b) | $ | 575,167 |  |  | $ | 531,235 |  |  | $ | 127,720 |
Building Materials Distribution | 627,091 |  |  | 481,085 |  |  | 247,494 |
Total segment operating income | 1,202,258 |  |  | 1,012,320 |  |  | 375,214 |
Unallocated corporate costs | (44,409) |  |  | (40,517) |  |  | (40,185) |
Income from operations | $ | 1,157,849 |  |  | $ | 971,803 |  |  | $ | 335,029 |
Depreciation and amortization |  |  |  |  |
Wood Products (b) | $ | 73,308 |  |  | $ | 55,249 |  |  | $ | 71,141 |
Building Materials Distribution | 27,005 |  |  | 24,007 |  |  | 22,460 |
Corporate | 1,280 |  |  | 1,497 |  |  | 1,568 |
Total depreciation and amortization | $ | 101,593 |  |  | $ | 80,753 |  |  | $ | 95,169 |
Capital expenditures |  |  |  |  |
Wood Products (c) | $ | 51,934 |  |  | $ | 48,280 |  |  | $ | 38,230 |
Building Materials Distribution (d) | 60,463 |  |  | 57,557 |  |  | 39,976 |
Corporate | 1,720 |  |  | 681 |  |  | 1,223 |
Total capital expenditures | $ | 114,117 |  |  | $ | 106,518 |  |  | $ | 79,429 |
__________________ (a)Primarily represents intersegment sales from our Wood Products segment to our BMD segment. During 2022, 2021, and 2020, approximately 65%, 62%, and 61%, 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)Capital spending in 2022 for Wood Products excludes $515.2 million for the acquisition of two plywood facilities. For more information, see Note 7, Acquisition. (d)Capital spending in 2022 for BMD includes approximately $13 million to purchase a previously leased BMD property in Milton, Florida. Capital spending in 2021 for BMD includes approximately $15 million to purchase a BMD property in Walton, Kentucky, to expand our service capabilities in Cincinnati and the surrounding markets.
| December 31
| 2022 |  | 2021
| (thousands)
Assets |  |  |
Wood Products (a) | $ | 1,120,188 |  |  | $ | 720,811 |
Building Materials Distribution | 1,075,628 |  |  | 1,192,365 |
Corporate | 1,044,698 |  |  | 659,464 |
Total assets | $ | 3,240,514 |  |  | $ | 2,572,640 |
__________________ (a)As of December 31, 2022, Wood Products assets includes the acquisition of two plywood facilities. For more information, see Note 7, Acquisition.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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