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Selected Segment Data
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in four segments: Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. LP’s business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers and distribution methods. LP’s results of operations are summarized below for each of these segments separately as well as for the “other” category which comprises other products that are not individually significant. Segment information was prepared in accordance with the same accounting principles as those described in Note 1 of the Notes to the financial statements included in LP’s Annual Report on Form 10-K for the year ended December 31, 2011.
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
Dollar amounts in millions
2012
 
2011
 
2012
 
2011
Net sales:
 
 
 
 
 
 
 
OSB
$
226.6

 
$
138.8

 
$
571.0

 
$
411.4

Siding
134.1

 
112.0

 
384.2

 
336.6

Engineered Wood Products
61.5

 
54.9

 
161.8

 
156.9

South America
42.0


36.3


127.1


111.1

Other
9.1

 
9.5

 
29.9

 
30.4

Intersegment sales
(5.5
)
 
(0.9
)
 
(16.9
)
 
(1.7
)
 
$
467.8

 
$
350.6

 
$
1,257.1

 
$
1,044.7

Operating profit (loss):
 
 
 
 
 
 
 
OSB
$
49.3

 
$
(16.0
)
 
$
66.0

 
$
(48.0
)
Siding
20.3

 
11.8

 
56.4

 
35.9

Engineered Wood Products
(3.0
)
 
(3.2
)
 
(9.3
)
 
(11.9
)
South America
4.5


2.3


11.2


10.1

Other
(2.0
)
 
(3.2
)
 
(4.5
)
 
(5.9
)
Other operating credits and charges, net
(1.2
)
 
9.8

 
(1.2
)
 
11.2

Loss on sale or impairment of long-lived assets
(4.3
)
 
(65.0
)
 
(4.5
)
 
(73.0
)
General corporate and other expenses, net
(18.1
)
 
(15.2
)
 
(56.3
)
 
(49.6
)
Foreign currency gains (losses)
0.4

 
(4.0
)
 
(2.3
)
 
(1.6
)
Early extinguishment of debt
—

 
—

 
(52.2
)
 
—

Investment income
4.1

 
16.7

 
11.7

 
24.2

Interest expense, net of capitalized interest
(10.7
)
 
(14.2
)
 
(36.4
)
 
(42.6
)
Income (loss) from continuing operations before taxes
39.3

 
(80.2
)
 
(21.4
)
 
(151.2
)
Provision (benefit) for income taxes
7.9

 
(20.9
)
 
(4.4
)
 
(36.1
)
Income (loss) from continuing operations
$
31.4

 
$
(59.3
)
 
$
(17.0
)
 
$
(115.1
)