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Segment Information
 12 Months Ended
Dec. 31, 2023
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 each of the years ended December 31, 2023, 2022, and 2021, one customer accounted for 12% of total sales when combining sales from Wood Products and BMD to those customers. Sales to foreign unaffiliated customers were approximately $99 million, $142 million, and $128 million, respectively, for the years ended December 31, 2023, 2022, and 2021.

    At December 31, 2023, 2022, and 2021, 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
202320222021
(millions)
Wood Products (a)
LVL (b)$46.7 $21.2 $4.3 
I-joists (b)29.6 (2.3)(6.8)
Other engineered wood products (b)33.4 43.9 43.0 
Plywood and veneer353.2 493.2 539.3 
Lumber 86.0 78.9 81.8 
Byproducts85.9 84.3 71.2 
Other25.0 24.4 19.3 
659.7 743.7 752.0 
Building Materials Distribution  
Commodity2,335.7 3,432.3 3,704.7 
General line2,443.2 2,542.7 2,164.8 
Engineered wood products1,399.6 1,668.6 1,304.6 
6,178.5 7,643.6 7,174.1 
$6,838.2 $8,387.3 $7,926.1 
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(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, 2023, 2022, and 2021, approximately 78%, 77%, and 78%, 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
 202320222021
 (thousands)
Net sales by segment
Wood Products$1,932,602 $2,115,896 $1,970,804 
Building Materials Distribution6,178,690 7,643,615 7,174,278 
Intersegment eliminations (a)(1,273,047)(1,372,204)(1,218,971)
Total net sales$6,838,245 $8,387,307 $7,926,111 
Segment operating income
Wood Products$337,132 $575,167 $531,235 
Building Materials Distribution335,808 627,091 481,085 
Total segment operating income672,940 1,202,258 1,012,320 
Unallocated corporate costs(48,554)(44,409)(40,517)
Income from operations$624,386 $1,157,849 $971,803 
Depreciation and amortization
Wood Products$98,710 $73,308 $55,249 
Building Materials Distribution32,353 27,005 24,007 
Corporate1,404 1,280 1,497 
Total depreciation and amortization$132,467 $101,593 $80,753 
Capital expenditures
Wood Products (b)$59,360 $51,934 $48,280 
Building Materials Distribution (b)(c)155,724 60,463 57,557 
Corporate354 1,720 681 
Total capital expenditures$215,438 $114,117 $106,518 
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(a)Primarily represents intersegment sales from our Wood Products segment to our BMD segment. During 2023, 2022, and 2021, approximately 66%, 65%, and 62%, respectively, of Wood Products' overall sales were to our BMD segment.

(b)Capital spending in 2023 for BMD excludes $162.8 million of consideration paid, net of cash acquired, for the acquisition of BROSCO. Capital spending in 2022 for Wood Products excludes $515.2 million for the acquisition of two plywood facilities. For more information, see Note 6, Acquisitions.

(c)Capital spending in 2023 for BMD includes approximately $74 million to purchase a facility in Kansas City, Missouri, to house a new door and millwork location, as well as the purchase of facilities in West Palm Beach, Florida, and Modesto, California to expand or relocate existing distribution centers. 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
 20232022
 (thousands)
Assets
Wood Products$1,083,517 $1,120,188 
Building Materials Distribution1,440,123 1,075,628 
Corporate935,006 1,044,698 
Total assets$3,458,646 $3,240,514