Discontinued Operations

9 Months Ended

Sep. 30, 2011

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

DISCONTINUED OPERATIONS

Over the last several years, LP has adopted and implemented plans to sell selected businesses and assets in order to improve its operating results. For all periods presented, these operations include residual losses of mills divested in past years and associated warranty and other liabilities associated with these operations.

Included in the operating losses of discontinued operations for the third quarter of 2011 is an increase in warranty reserves of $8.2 million associated with previously discontinued composite decking products based upon expected increases in warranty claim activity. In addition to the above mentioned increase, included in operating losses of discontinued operations for the nine months ended September 30, 2011 was an increase or $3.8 million in warranty reserves recorded in the second quarter of 2011.

Included in the operating losses of discontinued operations for the third quarter of 2010 is a settlement of $0.9 million associated with a class action suit related to a previously discontinued product. In addition to the above, included in the operating losses for the nine months ended September 30, 2010 is a settlement with a customer associated with a previously discontinued product of $1.9 million.