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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
20242023
(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 veneer74.6 91.3 
Lumber15.2 23.6 
Byproducts17.1 24.3 
Other6.2 6.5 
140.4 165.1 
Building Materials Distribution  
Commodity553.0 547.5 
General line616.9 533.6 
Engineered wood products335.1 298.1 
1,505.0 1,379.2 
$1,645.4 $1,544.3 
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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 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
 20242023
 (thousands)
Net sales by segment
Wood Products$468,928 $437,428 
Building Materials Distribution1,505,021 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 Distribution72,463 69,685 
Total segment operating income143,701 139,080 
Unallocated corporate costs(10,719)(11,478)
Income from operations$132,982 $127,602 
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(a)    Primarily represents intersegment sales from our Wood Products segment to our BMD segment.