XML 32 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate our business using two reportable segments: Wood Products and BMD. We measure and evaluate our reportable segments based on net sales and segment operating income (loss). Accordingly, our chief operating decision maker reviews the performance of the company and allocates resources based primarily on net sales and segment operating income (loss) for our business segments. Unallocated corporate costs are presented as reconciling items to arrive at operating income. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 15, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2023 Form 10-K.    

    Wood Products and BMD segment sales to external customers, including related parties, by product line, are as follows:
Three Months Ended
September 30		Nine Months Ended
September 30
2024202320242023
(millions)
Wood Products (a)
LVL (b)$21.5 $11.0 $46.7 $32.7 
I-joists (b)14.3 5.7 30.5 19.7 
Other engineered wood products (b)5.6 8.5 22.0 25.7 
Plywood and veneer70.2 90.6 220.0 275.7 
Lumber13.9 21.0 42.3 68.2 
Byproducts15.7 21.0 51.2 68.4 
Other5.1 6.4 16.4 17.6 
146.3 164.2 429.1 508.0 
Building Materials Distribution  
Commodity547.7 623.9 1,679.5 1,785.0 
General line685.7 658.6 2,005.2 1,839.6 
Engineered wood products334.1 387.8 1,043.0 1,061.4 
1,567.5 1,670.3 4,727.7 4,686.0 
$1,713.7 $1,834.4 $5,156.8 $5,194.0 
 ___________________________________  

(a)    Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our BMD segment.

(b)    Sales of EWP to external customers are net of the cost of all EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, dealers, and homebuilders). For the nine months ended September 30, 2024 and 2023, approximately 75% and 78%, respectively, of Wood Products' EWP sales volumes were to our BMD segment.
An analysis of our operations by segment is as follows:
 Three Months Ended
September 30		Nine Months Ended
September 30
 2024202320242023
 (thousands)
Net sales by segment
Wood Products$453,896 $515,225 $1,412,647 $1,482,926 
Building Materials Distribution1,567,466 1,670,296 4,727,708 4,686,076 
Intersegment eliminations (a)(307,638)(351,080)(983,541)(975,013)
Total net sales$1,713,724 $1,834,441 $5,156,814 $5,193,989 
Segment operating income
Wood Products $53,853 $99,574 $197,871 $273,004 
Building Materials Distribution74,821 97,076 232,684 265,311 
Total segment operating income128,674 196,650 430,555 538,315 
Unallocated corporate costs(11,318)(11,017)(33,236)(35,105)
Income from operations$117,356 $185,633 $397,319 $503,210 
___________________________________ 
 
(a)    Primarily represents intersegment sales from our Wood Products segment to our BMD segment.