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Segment Information
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
We operate our business using two reportable segments: Wood Products and Building Materials Distribution. Corporate and Other results are presented as reconciling items to arrive at total net sales and operating income. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 14, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2017 Form 10-K.

Wood Products and Building Materials Distribution segment sales to external customers, including related parties, by product line are as follows:

 
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
 
2018
 
2017
 
2018
 
2017
 
 
(millions)
Wood Products (a)
 
 
 
 
 
 
 
 
LVL
 
$
9.2

 
$
10.9

 
$
32.5

 
$
36.2

I-joists
 
8.5

 
7.9

 
26.3

 
26.7

Other engineered wood products
 
7.3

 
6.1

 
19.6

 
16.5

Plywood and veneer
 
82.8

 
92.4

 
266.5

 
244.0

Lumber
 
20.3

 
22.9

 
70.2

 
66.4

Byproducts (b)
 
23.8

 
13.7

 
68.7

 
41.0

Particleboard
 
10.6

 
12.2

 
33.3

 
34.7

Other
 
16.7

 
14.9

 
46.9

 
32.6

 
 
179.2

 
181.0

 
564.1

 
498.1

 
 
 
 
 
 
 
 
 
Building Materials Distribution  
 
 
 
 
 
 
 
 
Commodity
 
554.8

 
505.6

 
1,648.0

 
1,338.4

General line
 
385.8

 
354.4

 
1,093.9

 
971.7

Engineered wood products
 
218.6

 
185.7

 
623.4

 
531.8

 
 
1,159.3

 
1,045.6

 
3,365.4

 
2,842.0

 
 
$
1,338.5

 
$
1,226.6

 
$
3,929.5

 
$
3,340.0

 ___________________________________ 

(a)
Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our Building Materials Distribution segment, as well as the cost of EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, retail lumberyards, and professional builders). For the nine months ended September 30, 2018, approximately 73% of Wood Products' EWP sales volumes were to our Building Materials Distribution segment.

(b)
As discussed in Note 3, Revenues, prior period amounts have not been adjusted under the modified retrospective method upon adoption of ASC Topic 606, Revenue from Contracts with Customers.
 
An analysis of our operations by segment is as follows: 
 
Three Months Ended
September 30
 
Nine Months Ended
September 30
 
2018
 
2017
 
2018
 
2017
 
(thousands)
Net sales by segment
 
 
 
 


 
 
Wood Products
$
402,672

 
$
366,920

 
$
1,226,146

 
$
1,042,854

Building Materials Distribution
1,159,304

 
1,045,646

 
3,365,468

 
2,842,035

Intersegment eliminations and other (a)
(223,464
)
 
(185,922
)
 
(662,129
)
 
(544,863
)
Total net sales
$
1,338,512

 
$
1,226,644

 
$
3,929,485

 
$
3,340,026

 
 
 
 
 
 
 
 
Segment operating income
 
 
 
 
 
 
 
Wood Products (b)
$
13,929

 
$
24,027

 
$
76,532

 
$
46,810

Building Materials Distribution
23,504

 
39,379

 
103,605

 
93,853

Total segment operating income
37,433

 
63,406

 
180,137

 
140,663

Unallocated corporate and other
(6,978
)
 
(7,308
)
 
(23,822
)
 
(20,942
)
Income from operations
$
30,455

 
$
56,098

 
$
156,315

 
$
119,721

___________________________________ 
 
(a)
Primarily represents intersegment sales from our Wood Products segment to our Building Materials Distribution segment.

(b)
Wood Products segment operating income for the three and nine months ended September 30, 2018, includes an impairment loss of $10.4 million upon classifying certain Wood Products facilities in Northeast Oregon as held for sale. For additional information, see Note 6, Assets Held For Sale.