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Segment Information
 12 Months Ended
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
202220212020
(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 veneer493.2 539.3 332.7 
Lumber 78.9 81.8 54.7 
Byproducts84.3 71.2 68.6 
Other24.4 19.3 17.1 
743.7 752.0 522.8 
Building Materials Distribution  
Commodity3,432.3 3,704.7 2,309.9 
General line2,542.7 2,164.8 1,762.3 
Engineered wood products1,668.6 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
 202220212020
 (thousands)
Net sales by segment
Wood Products$2,115,896 $1,970,804 $1,323,901 
Building Materials Distribution7,643,615 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 Distribution627,091 481,085 247,494 
Total segment operating income1,202,258 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 Distribution27,005 24,007 22,460 
Corporate1,280 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 
Corporate1,720 681 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
 20222021
 (thousands)
Assets
Wood Products (a)$1,120,188 $720,811 
Building Materials Distribution1,075,628 1,192,365 
Corporate1,044,698 659,464 
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.