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Stockholders' Equity
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
    Our certificate of incorporation has authorized 300,000,000 shares of common stock and 50,000,000 shares of preferred stock. No preferred stock was issued or outstanding as of December 31, 2022 and 2021. We had 44,827,091 and 44,697,880 shares of common stock issued and 39,460,018 and 39,330,807 shares of common stock outstanding as of December 31, 2022 and 2021, respectively. Each share of common stock entitles the holder to one vote on matters to be voted on by the stockholders of Boise Cascade.
    
Dividends

    On November 14, 2017, we announced that our board of directors approved a dividend policy to pay quarterly cash dividends to holders of our common stock. Our board of directors declared and paid the following dividends during each of the respective quarters for the years ended December 31, 2022, 2021, and 2020:
Dividends Per ShareAmount Paid
2022(in thousands)
First Quarter (a)$0.12 $5,939 
Second Quarter (b)2.62 103,352 
Third Quarter0.12 4,734 
Fourth Quarter (b)1.15 45,539 
Total$4.01 $159,564 
2021
First Quarter (a)$0.10 $4,440 
Second Quarter (c)2.10 3,933 
Third Quarter (c)0.10 82,596 
Fourth Quarter (c)3.12 122,712 
Total$5.42 $213,681 
2020
First Quarter (a)$0.10 $4,645 
Second Quarter0.10 3,917 
Third Quarter (d)1.70 3,991 
Fourth Quarter (d)0.10 66,642 
Total$2.00 $79,195 
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(a)Includes payments of dividend equivalents on RSUs and PSUs which vested in first quarter of each year.

(b)During second quarter 2022, our board of directors declared and paid a special dividend of $2.50 per share on our common stock. During fourth quarter 2022, our board of directors declared and paid a special dividend of $1.00 per share on our common stock.

(c)During second quarter 2021, our board of directors declared a special dividend of $2.00 per share on our common stock, which was paid in the third quarter 2021. During fourth quarter 2021, our board of directors declared and paid a special dividend of $3.00 per share on our common stock.

(d)During third quarter 2020, our board of directors declared a special dividend of $1.60 per share on our common stock, which was paid in fourth quarter 2020.

    On February 7, 2023, our board of directors declared a dividend of $0.15 per share of our common stock, payable on March 15, 2023, to stockholders of record on February 22, 2023. For a description of the restrictions in our asset-based credit facility and the indenture governing our senior notes on our ability to pay dividends, see Note 9, Debt.

    Future dividend declarations, including amount per share, record date and payment date, will be made at the discretion of our board of directors and will depend upon, among other things, legal capital requirements and surplus, our future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and other factors that our board of directors may deem relevant.
    
Stock Repurchase

    On July 28, 2022, our board of directors authorized the repurchase of an additional 1.5 million shares of our common stock. This increase was in addition to the remaining authorized shares under our prior common stock repurchase program that was authorized on February 25, 2015 (the Program). Share repurchases may be made on an opportunistic basis, through open market transactions, privately negotiated transactions, or by other means in accordance with applicable federal securities laws. We are not obligated to purchase any shares and there is no set date that the Program will expire. Our board may increase or decrease the number of shares under the Program or terminate the Program in its discretion at any time. During 2022, 2021 and 2020, we did not purchase any shares under the Program. As of December 31, 2022, there were 1,996,989 shares of common stock that may yet be purchased under the Program.

Accumulated Other Comprehensive Loss

The following table details the changes in accumulated other comprehensive loss for the years ended December 31, 2022, 2021, and 2020:
Changes in Accumulated Other Comprehensive Loss
Year Ended December 31
202220212020
(thousands)
Beginning Balance, net of taxes
$(1,047)$(1,078)$(50,248)
Net actuarial gain, before taxes489 61 6,832 
Amortization of actuarial (gain) loss, before taxes (a)
83 (19)807 
Effect of settlements, before taxes (a)
130 — 6,250 
Income taxes (b)(175)(11)35,281 
Ending Balance, net of taxes
$(520)$(1,047)$(1,078)
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(a)    Represents amounts reclassified from accumulated other comprehensive loss. These amounts are included in the computation of net periodic pension cost. For additional information, see Note 11, Retirement and Benefit Plans.

(b)    For the year ended December 31, 2020, income taxes included $38.8 million related to the release of stranded tax effects upon Plan Termination, as discussed in Note 4, Income Taxes.