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Selected Segment Data
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Selected Segment Data SELECTED SEGMENT DATA

We operate in four segments: Siding, OSB, EWP, and South America. Our business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers, and distribution methods. Our 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. Our LP CanExel® prefinished siding was reclassified from Siding to Other during the six months ended June 30, 2020, reflecting changes in organizational structure and, accordingly, the information that the chief operating decision maker uses to evaluate performances and allocate resources to the segments. All prior periods presented have been adjusted for comparability.

We evaluate the performance of our business segments based on net sales and Adjusted EBITDA. Accordingly, our chief operating decision maker evaluates performance and allocates resources based primarily on net sales and Adjusted EBITDA for our business segments. Adjusted EBITDA is a non-GAAP financial measure and is defined as income attributed to LP before interest expense, net, provision for income taxes, depreciation and amortization, and excludes stock-based compensation expense, impairment of long-lived assets, other operating credits and charges, net, and other non-operating items.

Information about our product segments is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Net sales
 
 
 
 
 
 
 
Siding
$
220

 
$
231

 
$
432

 
$
450

OSB
204

 
199

 
424

 
407

EWP
79

 
107

 
178

 
197

South America
38

 
40

 
74

 
85

Other
7

 
14

 
25

 
35

Intersegment sales
—

 
(3
)
 
—

 
(4
)
Total sales
$
548

 
$
588

 
$
1,133

 
$
1,170

PROFIT BY SEGMENT
 
 
 
 
 
 
 
Net income
$
31

 
$
16

 
$
64

 
$
42

Add (deduct):
 
 
 
 
 
 
 
Net loss attributed to noncontrolling interest
2

 
2

 
2

 
2

Income attributed to LP
33

 
17

 
66

 
44

Provision for income taxes
19

 
3

 
28

 
11

Depreciation and amortization
28

 
29

 
56

 
60

Stock-based compensation expense
1

 
3

 
3

 
5

Loss on impairment attributed to LP
7

 
—

 
14

 
1

Other operating credits and charges, net
(4
)
 
(3
)
 
(2
)
 
(1
)
Product-line discontinuance charges
10

 
—

 
10

 
—

Interest expense
6

 
4

 
12

 
8

Investment income
(4
)
 
(2
)
 
(3
)
 
(7
)
Other non-operating items
1

 
2

 
(4
)
 
(9
)
Adjusted EBITDA
$
97

 
$
53

 
$
180

 
$
111

 
 
 
 
 
 
 
 
Siding
51

 
45

 
93

 
84

OSB
46

 
(3
)
 
81

 
5

EWP
3

 
10

 
12

 
17

South America
11

 
9

 
18

 
19

Other
(5
)
 
(1
)
 
(8
)
 
—

Corporate
(9
)
 
(7
)
 
(16
)
 
(14
)
Adjusted EBITDA
97

 
53

 
180

 
111