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Transactions with Affiliates
9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Transactions with Affiliates
TRANSACTIONS WITH AFFILIATES
LP has an equity investment in Abitibi-LP, a manufacturer of I-joists with Resolute Forest Products. LP sells products and raw materials to Abitibi-LP and purchases products for resale from Abitibi-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, 2014 and 2013, LP sold $2.7 million and $3.3 million of products to Abitibi-LP and purchased $14.7 million and $13.9 million of I-joists from Abitibi-LP. For the nine month period ended September 30, 2014 and 2013, LP sold $8.0 million and $10.7 million of products to Abitibi-LP and purchased $42.9 million and $38.4 million of I-joists from Abitibi-LP. Included in LP’s Consolidated Balance Sheets at September 30, 2014 and December 31, 2013 are $1.1 million and $0.8 million in accounts receivable from this affiliate.
Prior to LP's purchase of the remaining joint venture interest from Canfor-LP in May 2013, LP purchased $98.2 million of OSB from Canfor-LP during the nine months ended September 30, 2013.