XML 52 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Transactions with Affiliates
9 Months Ended
Sep. 30, 2012
Related Party Transactions [Abstract]  
Transactions with Affiliates
TRANSACTIONS WITH AFFILIATES
LP has equity investments in AbitibiBowater-LP (a manufacturer of I-joist) and Canfor-LP ( a manufacturer of OSB). LP sells products and raw materials to AbitibiBowater-LP and purchases products for resale from AbitibiBowater-LP and Canfor-LP. LP eliminates profits on these sales and purchases, to the extent the inventory has not been sold through to third parties, on the basis of its 50% interest. For the quarters ended September 30, 2012 and 2011, LP sold $2.6 million and $1.5 million of products to AbitibiBowater-LP and purchased $11.3 million and $9.6 million of I-joist from AbitibiBowater-LP. LP also purchased $42.6 million and $19.3 million of OSB from Canfor-LP during the quarters ended September 30, 2012 and 2011. For the nine month period ended September 30, 2012 and 2011, LP sold $6.3 million and $4.4 million of products to AbitibiBowater-LP and purchased $29.7 million and $26.4 million of I-joist from AbitibiBowater-LP. LP also purchased $101.9 million and $65.8 million of OSB from Canfor-LP during the nine month period ended September 30, 2012 and 2011.
Included in LP’s Consolidated Balance Sheets at September 30, 2012 and December 31, 2011 are $3.3 million and $0.5 million in accounts receivable from these affiliates and $7.7 million and $2.3 million in accounts payable to these affiliates.