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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The table below summarizes the compensation actually paid to each of the NEOs listed below and company financial performance measures for the five years ended December 31, 2024.
Year
Summary
Compensation
Table Total
for PEO
(1)
($)
Compensation
Actually Paid
to PEO
(2)(3)
($)
Average Summary
Compensation
Table Total for
Non-PEO NEOs
(1)
($)
Average
Compensation
Actually paid to
Non-PEO NEOs
(2)(3)
($)
Value of Initial Fixed $100
Investment Based on:
(4)
Net
Income
($ Million)
Company
Adjusted
EBITDA
($ Million)
Company
TSR
($)
Peer Group
TSR
($)
2024
9,598,919 14,037,226 2,609,037 3,465,152 375.07 214.80 420 688
2023
10,670,593 10,495,230 2,235,201 2,272,644 253.70 172.49 178 478
2022
8,682,313 (7,732,568) 2,042,305 (224,312) 208.61 137.88 1,083 1,389
2021
9,158,272 34,346,704 1,943,418 5,334,446 272.24 180.45 1,373 1,877
2020
7,381,365 8,389,602 1,577,268 1,673,812 127.73 124.52 497 757
(1)
W. Bradley Southern is our principal executive officer (“PEO”) for each year presented. The individuals comprising the Non-PEO NEOs for each presented year are listed below.
2024
2023
2022
2021 and 2020
Alan J.M. Haughie
Alan J.M. Haughie
Alan J.M. Haughie
Alan J.M. Haughie
Jason P. Ringblom
Jason P. Ringblom
Jason P. Ringblom
Jason P. Ringblom
Jimmy E. Mason
Nicole C. Daniel
Nicole C. Daniel
Neil Sherman
Nicole C. Daniel
Michael W. Blosser
Michael W. Blosser
Michael J. Sims
Robin H. Everhart
(2)
The amounts shown for “Compensation Actually Paid” were calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by LP’s NEOs. These amounts reflect the total compensation reported in the “Summary Compensation Table” with certain adjustments as described in footnote 3 below.
(3)
“Compensation Actually Paid” for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. At the grant date for each PSU award, the relevant performance metrics are assumed to be achieved at the target level (100% of the target award amount). The fair value of unvested PSUs for each year used in the calculation of “Compensation Actually Paid” is based on the probable outcome of the applicable performance conditions as of the last day of the fiscal year. As of December 31, 2024, the fair value of the unvested PSUs changed from the grant date primarily due to the change in stock price and our probable performance based on the performance metrics applicable to those PSUs awards. As of December 31, 2024, none of the 2022 PSUs and 2023 PSUs were expected to vest and the 2024 PSUs were projected to vest at 100%. The amounts in the “Exclusion of Stock Awards” columns are based on the totals from the “Stock Awards” column set forth in the “Summary Compensation Table.”
Summary
Compensation
Table
Total for
PEO
($)
Deduct Change in
Pension Value for
PEO
($)
Pension Benefits
Adjustments for
PEO
($)
Exclusion of Stock
Awards for PEO
($)
Inclusion of Equity
Values for
PEO
($)
Compensation
Actually Paid to
PEO
($)
9,598,919
(5,553,195) 9,991,503 14,037,226
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Deduct Change in
Pension Value for
Non-PEO NEOs
($)
Pension Benefits
Adjustments for
Non-PEO NEOs
($)
Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Inclusion of
Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2,609,037
(1,091,485) 1,947,600 3,465,152
The amounts in the “Inclusion of Equity Values” in the tables above are derived from the amounts set forth in the following tables:
Year-End Fair
Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as of
Last Day of
Year
for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards for
PEO
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
PEO
($)
Fair Value at
Last
Day of Prior Year
of Equity
Awards
Forfeited During
Year for PEO
($)
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
Not Otherwise
Included for PEO
($)
Total–
Inclusion of
Equity Values
for PEO
($)
8,723,221
924,003 139,599 204,680 9,991,503
Average
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as
of Last Day
of Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day of
Prior Year to Last
Day of Year of
Unvested Equity
Awards for
Non-PEO NEOs
($)
Average
Vesting-
Date Fair Value
of Equity
Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards
Forfeited
During Year for
Non-PEO NEOs
($)
Average Value
of Dividends or
Other Earnings
Paid on Stock or
Option Awards
Not Otherwise
Included for
Non-PEO NEOs
($)
Total–Average
Inclusion
of Equity
Values for
Non-PEO NEOs
($)
1,720,358
164,047 25,503 37,692 1,947,600
(4)
The “Peer Group TSR” set forth in this table utilizes the following published index: S&P 500 Building Products. TSR for both LP and the peer group is based on an initial $100 investment, measured on a cumulative basis from the market close on December 31, 2020, through and including the end of the fiscal year for which TSR is being presented in the table.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
W. Bradley Southern is our principal executive officer (“PEO”) for each year presented. The individuals comprising the Non-PEO NEOs for each presented year are listed below.
2024
2023
2022
2021 and 2020
Alan J.M. Haughie
Alan J.M. Haughie
Alan J.M. Haughie
Alan J.M. Haughie
Jason P. Ringblom
Jason P. Ringblom
Jason P. Ringblom
Jason P. Ringblom
Jimmy E. Mason
Nicole C. Daniel
Nicole C. Daniel
Neil Sherman
Nicole C. Daniel
Michael W. Blosser
Michael W. Blosser
Michael J. Sims
Robin H. Everhart
       
Peer Group Issuers, Footnote
(4)
The “Peer Group TSR” set forth in this table utilizes the following published index: S&P 500 Building Products. TSR for both LP and the peer group is based on an initial $100 investment, measured on a cumulative basis from the market close on December 31, 2020, through and including the end of the fiscal year for which TSR is being presented in the table.
       
PEO Total Compensation Amount $ 9,598,919 $ 10,670,593 $ 8,682,313 $ 9,158,272 $ 7,381,365
PEO Actually Paid Compensation Amount $ 14,037,226 10,495,230 (7,732,568) 34,346,704 8,389,602
Adjustment To PEO Compensation, Footnote
(3)
“Compensation Actually Paid” for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. At the grant date for each PSU award, the relevant performance metrics are assumed to be achieved at the target level (100% of the target award amount). The fair value of unvested PSUs for each year used in the calculation of “Compensation Actually Paid” is based on the probable outcome of the applicable performance conditions as of the last day of the fiscal year. As of December 31, 2024, the fair value of the unvested PSUs changed from the grant date primarily due to the change in stock price and our probable performance based on the performance metrics applicable to those PSUs awards. As of December 31, 2024, none of the 2022 PSUs and 2023 PSUs were expected to vest and the 2024 PSUs were projected to vest at 100%. The amounts in the “Exclusion of Stock Awards” columns are based on the totals from the “Stock Awards” column set forth in the “Summary Compensation Table.”
Summary
Compensation
Table
Total for
PEO
($)
Deduct Change in
Pension Value for
PEO
($)
Pension Benefits
Adjustments for
PEO
($)
Exclusion of Stock
Awards for PEO
($)
Inclusion of Equity
Values for
PEO
($)
Compensation
Actually Paid to
PEO
($)
9,598,919
(5,553,195) 9,991,503 14,037,226
The amounts in the “Inclusion of Equity Values” in the tables above are derived from the amounts set forth in the following tables:
Year-End Fair
Value of
Equity
Awards
Granted
During Year
That
Remained
Unvested as of
Last Day of
Year
for PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards for
PEO
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
PEO
($)
Change in Fair
Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
PEO
($)
Fair Value at
Last
Day of Prior Year
of Equity
Awards
Forfeited During
Year for PEO
($)
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
Not Otherwise
Included for PEO
($)
Total–
Inclusion of
Equity Values
for PEO
($)
8,723,221
924,003 139,599 204,680 9,991,503
       
Non-PEO NEO Average Total Compensation Amount $ 2,609,037 2,235,201 2,042,305 1,943,418 1,577,268
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,465,152 2,272,644 (224,312) 5,334,446 1,673,812
Adjustment to Non-PEO NEO Compensation Footnote
(3)
“Compensation Actually Paid” for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718 using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. At the grant date for each PSU award, the relevant performance metrics are assumed to be achieved at the target level (100% of the target award amount). The fair value of unvested PSUs for each year used in the calculation of “Compensation Actually Paid” is based on the probable outcome of the applicable performance conditions as of the last day of the fiscal year. As of December 31, 2024, the fair value of the unvested PSUs changed from the grant date primarily due to the change in stock price and our probable performance based on the performance metrics applicable to those PSUs awards. As of December 31, 2024, none of the 2022 PSUs and 2023 PSUs were expected to vest and the 2024 PSUs were projected to vest at 100%. The amounts in the “Exclusion of Stock Awards” columns are based on the totals from the “Stock Awards” column set forth in the “Summary Compensation Table.”
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Deduct Change in
Pension Value for
Non-PEO NEOs
($)
Pension Benefits
Adjustments for
Non-PEO NEOs
($)
Exclusion of
Stock Awards for
Non-PEO NEOs
($)
Inclusion of
Equity Values for
Non-PEO NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2,609,037
(1,091,485) 1,947,600 3,465,152
The amounts in the “Inclusion of Equity Values” in the tables above are derived from the amounts set forth in the following tables:
Average
Year-End Fair
Value of Equity
Awards Granted
During Year
That Remained
Unvested as
of Last Day
of Year for
Non-PEO NEOs
($)
Average Change
in Fair Value
from Last Day of
Prior Year to Last
Day of Year of
Unvested Equity
Awards for
Non-PEO NEOs
($)
Average
Vesting-
Date Fair Value
of Equity
Awards
Granted During
Year that Vested
During Year for
Non-PEO NEOs
($)
Average Change in
Fair Value from Last
Day of Prior Year
to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)
Average Fair
Value at Last
Day of Prior
Year of Equity
Awards
Forfeited
During Year for
Non-PEO NEOs
($)
Average Value
of Dividends or
Other Earnings
Paid on Stock or
Option Awards
Not Otherwise
Included for
Non-PEO NEOs
($)
Total–Average
Inclusion
of Equity
Values for
Non-PEO NEOs
($)
1,720,358
164,047 25,503 37,692 1,947,600
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_payvsnetinc-pn.jpg]        
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_payvsnetinc-pn.jpg]        
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_payvsnetinc-pn.jpg]        
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_payvsnetinc-pn.jpg]        
Tabular List, Table
FINANCIAL PERFORMANCE MEASURES USED TO LINK COMPENSATION ACTUALLY PAID TO NEOS FOR THE MOST RECENTLY COMPLETED FISCAL YEAR TO COMPANY PERFORMANCE
For the fiscal year ended December 31, 2024, our Compensation Committee identified the performance measures listed below as the most important in setting compensation for the NEOs. The key performance measures used in setting performance goals for our PSUs, which comprise a significant portion of the NEOs’ compensation mix, are Adjusted EBITDA (for the 2022 PSUs and the 2023 PSUs) and ROIC (for the 2024 PSUs). For additional detail on Adjusted EBITDA and ROIC see “Compensation of Executive Officers—Compensation Discussion and Analysis—Section IV: Elements and Philosophy of Executive Compensation—Long-Term Equity Incentive Compensation” on page 50.
   
Adjusted EBITDA (Company and Segment basis)
Economic Profit (Company and Segment basis)
Company 3-year ROIC
Relative Total Shareholder Return
       
Total Shareholder Return Amount $ 375.07 253.7 208.61 272.24 127.73
Peer Group Total Shareholder Return Amount 214.8 172.49 137.88 180.45 124.52
Net Income (Loss) $ 420,000,000 $ 178,000,000 $ 1,083,000,000 $ 1,373,000,000 $ 497,000,000
Company Selected Measure Amount 688,000,000 478,000,000 1,389,000,000 1,877,000,000 757,000,000
PEO Name W. Bradley Southern        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA (Company and Segment basis)        
Measure:: 2          
Pay vs Performance Disclosure          
Name Economic Profit (Company and Segment basis)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Company 3-year ROIC        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,553,195)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,991,503        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,723,221        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 924,003        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 139,599        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 204,680        
PEO | Equity Awards Adjustments Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,091,485)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,947,600        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,720,358        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 164,047        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 25,503        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 37,692        
Non-PEO NEO | Equity Awards Adjustments Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount