XML 28 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Selected Segment Data
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
Dollar amounts in millions
2016
 
2015
 
2016
 
2015
Net Sales
 
 
 
 
 
 
 
OSB
$
282.1

 
$
200.0

 
$
751.9

 
$
601.2

Siding
194.8

 
157.8

 
583.3

 
495.2

EWP
80.7

 
74.4

 
230.5

 
211.2

South America
31.7

 
26.8

 
103.2

 
101.4

Other
7.6

 
6.8

 
20.3

 
21.5

Intersegment Sales
(0.5
)
 
(0.9
)
 
(5.8
)
 
(0.9
)
 
$
596.4

 
$
464.9

 
$
1,683.4

 
$
1,429.6

Operating profit (loss):
 
 
 
 
 
 
 
OSB
$
67.4

 
$
(11.1
)
 
$
126.7

 
$
(57.6
)
Siding
35.2

 
17.2

 
103.9

 
79.3

EWP
—

 
(0.9
)
 
(2.0
)
 
(7.3
)
South America
3.3

 
2.4

 
15.3

 
6.8

Other
(0.4
)
 
(0.6
)
 
(1.0
)
 
(2.5
)
Other operating credits and charges, net
—

 
(1.0
)
 
(11.4
)
 
(12.6
)
Loss on sale or impairment of long-lived assets, net
(0.3
)
 
(0.9
)
 
(1.0
)
 
(1.5
)
General corporate and other expenses, net
(26.9
)
 
(20.5
)
 
(78.1
)
 
(65.2
)
Interest expense, net of capitalized interest
(9.0
)
 
(8.4
)
 
(26.3
)
 
(23.1
)
Investment income
2.5

 
0.5

 
6.4

 
2.9

Loss on early debt extinguishment
(13.2
)
 
—

 
(13.2
)
 
—

Other non-operating items
(0.5
)
 
(3.7
)
 
1.4

 
(5.5
)
Income (loss) from continuing operations before taxes
58.1

 
(27.0
)
 
120.7

 
(86.3
)
Provision (benefit) for income taxes
(7.5
)
 
(2.4
)
 
13.1

 
(7.7
)
Income (loss) from continuing operations
$
65.6

 
$
(24.6
)
 
$
107.6

 
$
(78.6
)