XML 58 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations
12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
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.
Dollar amounts in millions
 
2013
 
2012
 
2011
Sales
 
$
16.0

 
$
25.0

 
$
28.3

Operating profit
 
(0.4
)
 
(1.1
)
 
(8.6
)

During 2013, LP sold its moulding operations and recognized a gain of $1.7 million on the sale. Included in the operating losses of discontinued operations for the year ended December 31, 2013 is an increase in warranty reserve of $2.0 million associated with discontinued composite decking products.
Included in the operating losses of discontinued operations for the year ended December 31, 2012 is an increase in warranty reserves of $3.6 million associated with products previously discontinued based upon significant increases in warranty claim activity during the year ended December 31, 2012.
Included in the operating losses of discontinued operations for the year ended December 31, 2011 is an increase in warranty reserves of $12.0 million associated with products previously discontinued based upon significant increases in recent warranty claim activity.