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Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information We operate our business using two reportable segments: Wood Products and BMD. 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. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 15, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2023 Form 10-K. Wood Products and BMD segment sales to external customers, including related parties, by product line, are as follows:
| Three Months Ended March 31 |  |
| 2024 |  | 2023 |  |  |  |
| (millions)
Wood Products (a) |  |  |  |  |  |  |
LVL (b) | $ | 12.6 |  |  | $ | 7.4 |  |  |  |  |
I-joists (b) | 6.7 |  |  | 4.7 |  |  |  |  |
Other engineered wood products (b) | 8.1 |  |  | 7.4 |  |  |  |  |
Plywood and veneer | 74.6 |  |  | 91.3 |  |  |  |  |
Lumber | 15.2 |  |  | 23.6 |  |  |  |  |
Byproducts | 17.1 |  |  | 24.3 |  |  |  |  |
Other | 6.2 |  |  | 6.5 |  |  |  |  |
| 140.4 |  |  | 165.1 |  |  |  |  |
Building Materials Distribution |  |  |  |  |  |  |
Commodity | 553.0 |  |  | 547.5 |  |  |  |  |
General line | 616.9 |  |  | 533.6 |  |  |  |  |
Engineered wood products | 335.1 |  |  | 298.1 |  |  |  |  |
| 1,505.0 |  |  | 1,379.2 |  |  |  |  |
| $ | 1,645.4 |  |  | $ | 1,544.3 |  |  |  |  |
___________________________________ (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 three months ended March 31, 2024 and 2023, approximately 77% and 79%, respectively, of Wood Products' EWP sales volumes were to our BMD segment. An analysis of our operations by segment is as follows:
| Three Months Ended March 31 |  |
| 2024 |  | 2023 |  |  |  |
| (thousands)
Net sales by segment |  |  |  |  |  |  |
Wood Products | $ | 468,928 |  |  | $ | 437,428 |  |  |  |  |
Building Materials Distribution | 1,505,021 |  |  | 1,379,242 |  |  |  |  |
Intersegment eliminations (a) | (328,529) |  |  | (272,341) |  |  |  |  |
Total net sales | $ | 1,645,420 |  |  | $ | 1,544,329 |  |  |  |  |
Segment operating income |  |  |  |  |  |  |
Wood Products | $ | 71,238 |  |  | $ | 69,395 |  |  |  |  |
Building Materials Distribution | 72,463 |  |  | 69,685 |  |  |  |  |
Total segment operating income | 143,701 |  |  | 139,080 |  |  |  |  |
Unallocated corporate costs | (10,719) |  |  | (11,478) |  |  |  |  |
Income from operations | $ | 132,982 |  |  | $ | 127,602 |  |  |  |  |
___________________________________ (a) Primarily represents intersegment sales from our Wood Products segment to our BMD segment.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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