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Selected Segment Data
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in four segments: North America 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, 2015.
 
Quarter Ended June 30,
 
Six Months Ended June 30,
Dollar amounts in millions
2016
 
2015
 
2016
 
2015
Net Sales
 
 
 
 
 
 
 
OSB
$
252.8

 
$
211.0

 
$
469.8

 
$
401.2

Siding
207.2

 
163.9

 
388.5

 
337.4

EWP
78.0

 
72.0

 
149.8

 
136.8

South America
41.0

 
38.7

 
71.5

 
74.6

Other
6.6

 
7.4

 
12.7

 
14.7

Intersegment Sales
(3.2
)
 
—

 
(5.3
)
 
—

 
$
582.4

 
$
493.0

 
$
1,087.0

 
$
964.7

Operating profit (loss):
 
 
 
 
 
 
 
OSB
$
44.0

 
$
(18.1
)
 
$
59.3

 
$
(46.5
)
Siding
41.8

 
29.2

 
68.7

 
62.1

EWP
0.5

 
(2.3
)
 
(2.0
)
 
(6.4
)
South America
6.9

 
2.0

 
12.0

 
4.4

Other
(0.2
)
 
(1.0
)
 
(0.6
)
 
(1.9
)
Other operating credits and charges, net
(11.4
)
 
—

 
(11.4
)
 
(11.6
)
Loss on sale or impairment of long-lived assets, net
(0.7
)
 
(0.5
)
 
(0.7
)
 
(0.6
)
General corporate and other expenses, net
(27.2
)
 
(22.0
)
 
(51.2
)
 
(44.7
)
Other non-operating income (expense)
1.4

 
0.4

 
1.9

 
(1.8
)
Investment income
2.1

 
1.0

 
3.9

 
2.4

Interest expense, net of capitalized interest
(9.3
)
 
(7.2
)
 
(17.3
)
 
(14.7
)
Income (loss) from operations before taxes
47.9

 
(18.5
)
 
62.6

 
(59.3
)
Provision (benefit) for income taxes
16.2

 
1.0

 
20.6

 
(5.3
)
Net income (loss)
$
31.7

 
$
(19.5
)
 
$
42.0

 
$
(54.0
)