Stock-Based Compensation

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

STOCK-BASED COMPENSATION

LP has a Management Incentive Plan (MIP) that is administered by the Compensation Committee of the Board of Directors. The Compensation Committee authorizes the grants of restricted stock (shares or units), performance share awards payable in stock based upon the attainment of specified performance goals, stock settled stock appreciation rights (SSARs), other stock-based awards and cash-based awards at the discretion of the Compensation Committee. A detailed discussion of this is included in Note 14 to the consolidated financial statements included in LP's Annual Report on Form 10-K for the fiscal year ended December 31, 2016. As of September 30, 2017, 2.8 million shares were available for grant under the 2013 Omnibus Plan.

	Quarter Ended September 30,					Nine Months Ended September 30,
Dollar amounts in millions	2017		2016			2017		2016
Total stock-based compensation expense (costs of sales and general and administrative)	$	2.0	$	3.2		$	8.0	$	9.4
Income tax provision (benefit) related to stock-based compensation	$	0.2	$	(0.4	)	$	0.5	$	(3.2	)
Impact on cash flow due to taxes paid related to net share settlement of equity awards	$	0.5	$	0.8		$	5.3	$	8.9

At September 30, 2017, $12.4 million of compensation cost related to unvested performance shares, restricted stock and SSARs attributable to future service had not yet been recognized.

Grants of awards

During the first nine months of 2017, the Company granted 121,724 performance units at an average grant date fair value of $24.87 per share, 285,934 SSARs at an average grant date fair value of $8.02 per share and 352,897 restricted stock awards (shares or units) at an average grant date fair value of $19.91 per share.