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Selected Segment Data
9 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract] 
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in three segments: Oriented Strand Board (OSB), Siding, and Engineered Wood Products (EWP). LP’s business units have been aggregated into these three 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, 2010.
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
Dollar amounts in millions
2011
 
2010
 
2011
 
2010
Net sales:
 
 
 
 
 
 
 
OSB
$
138.8

 
$
140.1

 
$
411.4

 
$
475.5

Siding
112.0

 
104.6

 
336.6

 
325.0

Engineered Wood Products
54.9

 
38.0

 
156.9

 
142.7

Other
45.8

 
41.2

 
141.6

 
130.1

Intersegment sales
(0.9
)
 
(1.1
)
 
(1.8
)
 
(6.0
)
 
$
350.6

 
$
322.8

 
$
1,044.7

 
$
1,067.3

Operating profit (loss):
 
 
 
 
 
 
 
OSB
$
(16.0
)
 
$
(5.0
)
 
$
(48.0
)
 
$
38.4

Siding
11.8

 
9.3

 
35.9

 
39.6

Engineered Wood Products
(3.2
)
 
(4.9
)
 
(11.9
)
 
(15.9
)
Other
(0.9
)
 
0.7

 
4.2

 
4.6

Less intersegment profits
—

 
0.5

 
—

 
—

Other operating credits and charges, net
9.8

 
(2.3
)
 
11.2

 
(2.8
)
Loss on sale or impairment of long-lived assets
(65.0
)
 
(0.9
)
 
(73.0
)
 
(2.1
)
General corporate and other expenses, net
(15.2
)
 
(17.0
)
 
(49.6
)
 
(55.0
)
Foreign currency gains (losses)
(4.0
)
 
(0.4
)
 
(1.6
)
 
1.0

Other-than-temporary investment impairment
—

 
(16.9
)
 
—

 
(16.9
)
Investment income
16.7

 
4.9

 
24.2

 
15.1

Interest expense, net of capitalized interest
(14.2
)
 
(15.3
)
 
(42.6
)
 
(49.8
)
Loss from continuing operations before taxes
(80.2
)
 
(47.3
)
 
(151.2
)
 
(43.8
)
Benefit for income taxes
(20.9
)
 
(16.4
)
 
(36.1
)
 
(14.0
)
Loss from continuing operations
$
(59.3
)
 
$
(30.9
)
 
$
(115.1
)
 
$
(29.8
)