Builders FirstSource (BLDR) 10-Q1 Nov 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013	Oct. 30, 2013
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'Builders FirstSource, Inc.	'
Entity Central Index Key	'0001316835	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	97,373,943

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Sales	$402,931	$291,780	$1,120,781	$783,088
Cost of sales	310,437	234,067	883,708	626,592
Gross margin	92,494	57,713	237,073	156,496
Selling, general and administrative expenses	72,343	58,650	202,432	164,443
Facility closure costs	-197	692	-86	896
Income (loss) from operations	20,348	-1,629	34,727	-8,843
Interest expense, net	7,525	10,618	81,083	34,184
Income (loss) from continuing operations before income taxes	12,823	-12,247	-46,356	-43,027
Income tax (benefit) expense	-129	33	586	351
Income (loss) from continuing operations	12,952	-12,280	-46,942	-43,378
Loss from discontinued operations (net of income tax expense of $0 for the three months and nine months ended in 2013 and 2012, respectively)	-158	-1,285	-278	-1,430
Net income (loss)	12,794	-13,565	-47,220	-44,808
Comprehensive income (loss)	$12,794	($13,565)	($47,220)	($44,808)
Basic net income (loss) per share:	'	'	'	'
Income (loss) from continuing operations	$0.13	($0.13)	($0.49)	($0.46)
Loss from discontinued operations	$0	($0.01)	$0	($0.01)
Net income (loss)	$0.13	($0.14)	($0.49)	($0.47)
Diluted net income (loss) per share:	'	'	'	'
Income (loss) from continuing operations	$0.13	($0.13)	($0.49)	($0.46)
Loss from discontinued operations	$0	($0.01)	$0	($0.01)
Net income (loss)	$0.13	($0.14)	($0.49)	($0.47)
Weighted average common shares outstanding:	'	'	'	'
Basic	97,229	95,514	96,314	95,401
Diluted	99,765	95,514	96,314	95,401

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income tax expense on loss from discontinued operations	$0	$0	$0	$0

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:	'	'
Cash and cash equivalents	$50,356	$131,432
Restricted cash	'	12,068
Accounts receivable, less allowances of $3,788 and $2,831 at September 30, 2013 and December 31, 2012, respectively	164,049	117,405
Inventories	125,291	108,999
Other current assets	11,690	9,968
Total current assets	351,386	379,872
Property, plant and equipment, net	46,404	44,084
Goodwill	111,193	111,193
Other assets, net	24,887	15,692
Total assets	533,870	550,841
Current liabilities:	'	'
Accounts payable	90,867	79,397
Accrued liabilities	60,544	37,778
Current maturities of long-term debt	65	60
Total current liabilities	151,476	117,235
Long-term debt, net of current maturities	353,922	360,895
Other long-term liabilities	23,020	24,615
Total liabilities	528,418	502,745
Commitments and contingencies (Note 6)	'	'
Stockholdersâ€™ equity:	'	'
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at September 30, 2013 and December 31, 2012	'	'
Common stock, $0.01 par value, 200,000 shares authorized; 97,276 and 96,916 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	967	957
Additional paid-in capital	368,037	363,471
Accumulated deficit	-363,552	-316,332
Total stockholdersâ€™ equity	5,452	48,096
Total liabilities and stockholdersâ€™ equity	$533,870	$550,841

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Allowances on trade accounts receivable	$3,788	$2,831
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	97,276	96,916
Common stock, shares outstanding	97,276	96,916

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($47,220)	($44,808)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	7,341	8,253
Amortization and write-off of deferred loan costs	3,450	514
Amortization and write-off of debt discount	7,794	1,022
Fair value adjustment of stock warrants	558	4,417
Deferred income taxes	875	338
Bad debt expense	866	458
Net non-cash income from discontinued operations	-195	'
Stock compensation expense	3,285	2,672
Net gain on sale of assets	-167	-27
Changes in assets and liabilities:	'	'
Receivables	-47,510	-47,109
Inventories	-16,292	-20,139
Other current assets	-2,028	-1,710
Other assets and liabilities	-973	103
Accounts payable	11,470	35,555
Accrued liabilities	22,574	11,615
Net cash used in operating activities	-56,172	-48,846
Cash flows from investing activities:	'	'
Purchases of property, plant and equipment	-9,392	-9,156
Proceeds from sale of property, plant and equipment	1,674	219
Decrease in restricted cash	13,030	2,250
Net cash provided by (used in) investing activities	5,312	-6,687
Cash flows from financing activities:	'	'
Borrowings under revolving credit facility	30,000	'
Payments under revolving credit facility	-30,000	'
Proceeds from issuance of long term debt	350,000	'
Payments of long-term debt and other loans	-364,763	-39
Deferred loan costs	-15,539	-358
Payments of recapitalization costs	-37	'
Exercise of stock options	1,159	268
Repurchase of common stock	-1,036	-496
Net cash used in financing activities	-30,216	-625
Net change in cash and cash equivalents	-81,076	-56,158
Cash and cash equivalents at beginning of period	131,432	146,833
Cash and cash equivalents at end of period	$50,356	$90,675

Basis_of_Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2013
Basis of Presentation	'
	1. Basis of Presentation
	Builders FirstSource, Inc., a Delaware corporation formed in 1998, is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. In this quarterly report, references to the “company,” “we,” “our,” “ours” or “us” refer to Builders FirstSource, Inc. and its consolidated subsidiaries, unless otherwise stated or the context otherwise requires.
	In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all recurring adjustments and normal accruals necessary for a fair statement of the company’s financial position, results of operations and cash flows for the dates and periods presented. Results for interim periods are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period. All significant intercompany accounts and transactions have been eliminated in consolidation.
	The condensed consolidated balance sheet as of December 31, 2012 is derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. This condensed consolidated balance sheet as of December 31, 2012 and the unaudited condensed consolidated financial statements included herein should be read in conjunction with the more detailed audited consolidated financial statements for the year ended December 31, 2012 included in our most recent annual report on Form 10-K. Accounting policies used in the preparation of these unaudited condensed consolidated financial statements are consistent with the accounting policies described in the Notes to Consolidated Financial Statements included in our Form 10-K.

Net_Income_Loss_per_Common_Sha

Net Income (Loss) per Common Share	9 Months Ended
	Sep. 30, 2013
Net Income (Loss) per Common Share	'
	2. Net Income (Loss) per Common Share
	Net income (loss) per common share (“EPS”) is calculated in accordance with the Earnings per Share topic of the FASB Accounting Standards Codification (“Codification”), which requires the presentation of basic and diluted EPS. Basic EPS is computed using the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common shares.
	Our restricted stock shares include rights to receive dividends that are not subject to the risk of forfeiture even if the underlying restricted stock shares on which the dividends were paid do not vest. In accordance with the Earnings per Share topic of the Codification, unvested share-based payment awards that contain non-forfeitable rights to dividends are deemed participating securities and should be considered in the calculation of basic EPS. Since the restricted stock shares do not include an obligation to share in losses, they will be included in our basic EPS calculation in periods of net income and excluded from our basic EPS calculation in periods of net loss. Accordingly, there were 0.6 million restricted stock shares included in our basic EPS calculation for the three months ended September 30, 2013, as we generated net income. There were 0.6 million restricted stock shares excluded from the computation of basic EPS for the nine months ended September 30, 2013, because we generated a net loss. There were 1.2 million restricted stock shares excluded from the computations of basic EPS for the three and nine months ended September 30, 2012, because we generated a net loss.
	For the purpose of computing diluted EPS, weighted average shares outstanding have been adjusted for common shares underlying 5.1 million options and 1.4 million warrants for the three months ended September 30, 2013. In addition, $0.2 million of income due to fair value adjustments related to the warrants during the three months ended September 30, 2013 was excluded from net income in the computation of diluted EPS for the three months ended September 30, 2013. Options to purchase 5.1 million shares of common stock were not included in the computations of diluted EPS for the nine months ended September 30, 2013 because their effect was anti-dilutive. Options to purchase 5.6 million shares of common stock were not included in the computations of diluted EPS for the three and nine months ended September 30, 2012 because their effect was anti-dilutive. Warrants to purchase 1.4 million shares of common stock were not included in the computation of diluted EPS for the nine months ended September 30, 2013 because their effect was anti-dilutive. Warrants to purchase 1.6 million shares of common stock were not included in the computation of diluted EPS for the three and nine months ended September 30, 2012 because their effect was anti-dilutive.
	The table below presents a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Weighted average shares for basic EPS		97,229		95,514		96,314		95,401
	Dilutive effect of options and warrants		2,536		—		—		—
	Weighted average shares for diluted EPS		99,765		95,514		96,314		95,401

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2013
Debt	'
	3. Debt
	Long-term debt consisted of the following (in thousands):

		September 30,				December 31,
		2013				2012
	2021 notes	$		350,000		$	—
	Term loan			—			225,000
	2016 notes			—			139,718
	Other long-term debt			3,987			4,031
				353,987			368,749
	Unamortized debt discount			—			(7,794	)
				353,987			360,955
	Less: current maturities of long-term debt			65			60
	Long-term debt, net of current maturities	$		353,922		$	360,895
	In May 2013 we completed a private offering of $350.0 million in aggregate principal amount of 7.625% senior secured notes due 2021 (“2021 Notes”) at a price equal to 100% of their face value. In conjunction with the offering, we also entered into a new 5-year $175.0 million senior secured revolving credit facility agreement (“2013 Facility”) provided by a syndicate of financial institutions led by SunTrust Bank as administrative agent.
	We used the net proceeds from the offering of the 2021 Notes, together with cash on hand, to (i) redeem $139.7 million in aggregate outstanding principal amount of our Second Priority Senior Secured Floating Rate Notes due 2016 (“2016 Notes”) at par plus accrued and unpaid interest thereon to the redemption date, (ii) repay $225.0 million in borrowings outstanding under our existing first-lien term loan due 2015 (“Term Loan”) plus a prepayment premium of approximately $39.5 million and accrued and unpaid interest and (iii) pay the related commissions, fees and expenses. The repayment of the 2016 Notes and the Term Loan was considered to be an extinguishment. As such, we recognized a loss of $48.4 million, which was recorded as interest expense in the second quarter of 2013. Of this $48.4 million loss, $39.5 million was due to the prepayment premium on the Term Loan, $6.8 million was due to a write-off of unamortized debt discount on the Term Loan and $2.1 million was due to a write-off of unamortized deferred loan costs on the 2016 Notes and the Term Loan.
	Upon the repayment of the outstanding borrowings and payment of the prepayment premium and accrued interest, we terminated the Term Loan, which included a $15.0 million letter of credit sub-facility (“Sub-Facility”). The $12.7 million of outstanding letters of credit under the Sub-Facility were transferred to the 2013 Facility. At the same time, we also terminated our $10.0 million stand-alone letter of credit facility (“Stand-Alone Facility”). There were no letters of credit outstanding under the Stand-Alone Facility at the time of termination.
	In connection with the issuance of the 2021 Notes and entering into the 2013 Facility we incurred approximately $15.6 million of various third-party fees and expenses. Of these costs, $11.2 million were allocated to the 2021 Notes and $4.4 million were allocated to the 2013 Facility. These costs have been capitalized and will be amortized over the respective terms of the 2021 Notes and the 2013 Facility. The remaining $0.9 million in unamortized deferred loan costs related to the Sub-Facility and Stand-Alone Facility are being amortized over the term of the 2013 Facility.
	Senior Secured Notes due 2021
	As of September 30, 2013, we have $350.0 million outstanding in aggregate principal amount of 2021 Notes that mature on June 1, 2021. The 2021 Notes were issued pursuant to an indenture, dated as of May 29, 2013 (“Indenture”), by and between us, certain of our subsidiaries, as guarantors (“Guarantors”), and Wilmington Trust, National Association, as trustee and notes collateral agent (“Trustee”). Interest accrues on the 2021 Notes at a rate of 7.625% per annum and is payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2013.
	The 2021 Notes, subject to certain exceptions, are guaranteed, jointly and severally, on a senior secured basis, by each of the Guarantors. All obligations under the 2021 Notes, and the guarantees of those obligations, will be secured by substantially all of our assets and the assets of the Guarantors subject to certain exceptions and permitted liens, including a first-priority security interest in such assets that constitute Notes Collateral (as defined herein) and a second-priority security interest in such assets that constitute ABL Collateral (as defined herein). An intercreditor agreement (“ABL/Bond Intercreditor Agreement”), dated as of May 29, 2013, among us, the Guarantors, SunTrust Bank, as ABL Collateral agent, and the Trustee, as Notes Collateral agent, will govern all arrangements in respect of the priority of the security interest in the ABL Collateral and the Notes Collateral.
	“ABL Collateral” includes substantially all presently owned and after-acquired accounts receivable, inventory, rights of an unpaid vendor with respect to inventory, deposit accounts, investment property, cash and cash equivalents, and instruments and chattel paper and general intangibles, books and records and documents related to and proceeds of each of the foregoing. “Notes Collateral” includes substantially all collateral which is not ABL Collateral.
	The Indenture contains certain restrictive covenants, which, among other things, relate to the payment of dividends, incurrence of indebtedness, repurchase of common stock, distributions, asset sales and investments. At any time we can redeem some or all of the 2021 Notes at a redemption price equal to par plus a specified premium that declines to par by 2019. In the event of a change of control, we may be required to offer to purchase the 2021 Notes at a purchase price equal to 101% of the principal, plus accrued and unpaid interest.
	2013 Senior Secured Revolving Credit Facility
	The 2013 Facility provides for a $175.0 million revolving credit line which will primarily be used for working capital and general corporate purposes. The available borrowing capacity, or borrowing base, is derived primarily from a percentage of the Company’s eligible receivables and inventory, as defined by the agreement, subject to certain reserves. The 2013 Facility is scheduled to mature on May 29, 2018. At September 30, 2013, the net borrowing availability under the 2013 Facility totaled $161.1 million after being reduced by outstanding letters of credit of approximately $13.9 million. During the second quarter of 2013 we borrowed and repaid $30.0 million under the 2013 Facility at a weighted-average interest rate of 4.0%. There were no outstanding borrowings under the 2013 Facility at September 30, 2013.
	Borrowings under the 2013 Facility bear interest, at our option, at either a base rate or eurodollar rate, plus, in each case, an applicable margin. The applicable margin ranges from 0.75% to 1.25% for base rate loans and 1.75% to 2.25% for eurodollar rate loans, in each case based on a measure of our availability under the revolver. A variable commitment fee, currently at a rate of 0.5%, is charged on the unused amount of the revolver based on quarterly average loan utilization. Letters of credit issued and outstanding under the 2013 Facility are assessed a fee at a rate equal to the applicable eurodollar rate margin, currently 1.75%, and is payable quarterly in arrears at the end of March, June, September and December. They are also assessed a fronting fee at a rate of 0.125%.
	All obligations under the 2013 Facility will be guaranteed jointly and severally by us and all our subsidiaries that guarantee the 2021 Notes. All obligations under the 2013 Facility, and the guarantees of those obligations, will be secured by substantially all of our assets and the guarantors subject to certain exceptions and permitted liens, including a first-priority security interest in such assets that constitute ABL Collateral and a second-priority security interest in such assets that constitute Notes Collateral.
	The 2013 Facility contains certain restrictive covenants, which, among other things, relate to the incurrence of indebtedness, payment of dividends, repurchase of common stock, distributions, asset sales and investments. The agreement also contains a financial covenant requiring the satisfaction of a minimum fixed charge coverage ratio of 1.00 to 1.00 if our excess availability, defined as the sum of our net borrowing availability plus qualified cash, falls below the greater of $17.5 million or 10% of the maximum borrowing amount. As of September 30, 2013, our excess availability was $161.1 million. The agreement governing the 2013 Facility also includes customary events of defaults, including change of control. If an event of default occurs, the lenders under the 2013 Facility would be entitled to take various actions, including the acceleration of amounts due under the revolver and all actions permitted to be taken by a secured creditor (subject to the terms of the ABL/Bond Intercreditor Agreement).
	At September 30, 2013, we were not in violation of any covenants or restrictions imposed by any of our debt agreements.
	Fair Value
	The only financial instrument measured at fair value on a recurring basis is the detachable warrants issued in connection with the Term Loan.
	The table below presents the effect of our derivative financial instrument on the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30 (in thousands):

	Derivative Not Designated				Amount of Gain (Loss)
	as Hedging Instrument				Recognized in Income
					Three Months Ended										Nine Months Ended
					September 30,										September 30,
			Location of Gain (Loss) Recognized in Income		2013					2012					2013				2012
	Warrants		Interest expense, net		$	197			$		(691	)		$		(558	)	$		(4,417	)
	We use the income approach to value our warrants by using the Black-Scholes option-pricing model. Using this model, the risk-free interest rate is based on the U.S. Treasury yield curve in effect on the valuation date. The expected life is based on the period of time until the expiration of the warrants. Expected volatility is based on the historical volatility of our common stock over the most recent period equal to the expected life of the warrants. The expected dividend yield is based on our history of not paying regular dividends in the past and our current intention to not pay regular dividends in the foreseeable future.
	These techniques incorporate Level 1 and Level 2 inputs. Significant inputs to the derivative valuation for the warrants are observable in the active markets and are classified as Level 2 in the hierarchy.
	The following fair value hierarchy table presents information about our financial instrument measured at fair value on a recurring basis using significant other observable inputs (Level 2) (in thousands):

		Carrying Value				Fair Value			Carrying Value			Fair Value
		As of				Measurement as of			As of			Measurement as of
		September 30,				September 30, 2013			December 31,			December 31, 2012
		2013							2012
	Warrants (included in Other long-term liabilities)	$		6,717		$	6,717		$	7,328		$	7,328
	We have elected to report the value of our 2021 Notes at amortized cost. The fair value of the 2021 Notes at September 30, 2013 was approximately $345.2 million and was determined using Level 2 inputs based on market prices.

Discontinued_Operations

Discontinued Operations	9 Months Ended
Discontinued Operations	Sep. 30, 2013
Discontinued Operations	'
	4. Discontinued Operations
	In December 2012, an Ohio facility met the criteria for held for sale classification. As such, it was reclassified from property, plant, and equipment to other assets. We recorded a $1.1 million impairment charge to adjust the value of this property to its fair value. This amount was included in loss from discontinued operations in the consolidated statement of operations and comprehensive loss for the year ended December 31, 2012. In April 2013 this facility was sold and the resulting gain of approximately $0.2 million was included in loss from discontinued operations in the accompanying condensed consolidated statement of operations and comprehensive income (loss) for the nine months ended September 30, 2013.
	We recognized $0.2 and $0.3 million of expense in the three and nine months ended September 30, 2013, respectively, which was primarily related to future minimum lease obligations on closed facilities and revisions to operating cost estimates. These amounts are included in loss from discontinued operations in the accompanying condensed consolidated statement of operations and comprehensive income (loss) for the three and nine months ended September 30, 2013.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2013
Income Taxes	'

	5. Income Taxes
	In accordance with the Income Taxes topic of the Codification, we evaluate our deferred tax assets quarterly to determine if a valuation allowance is required. The Income Taxes topic requires that companies assess whether valuation allowances should be established based on the consideration of all available evidence. During the three months ended September 30, 2013, we recorded a reduction to the valuation allowance on our net deferred tax assets of $3.4 million as we generated net income for the quarter. During the nine months ended September 30, 2013, we recorded a valuation allowance of $17.9 million against the net deferred tax assets generated from the net operating losses during the period related to our continuing operations. During the three and nine months ended September 30, 2012, we recorded a valuation allowance of $4.6 million and $15.9 million against the net deferred tax assets generated from the net operating losses during the periods related to our continuing operations.
	To the extent we generate sufficient taxable income in the future to fully utilize the tax benefits of the net deferred tax assets on which a valuation allowance is recorded, our effective tax rate may decrease as the valuation allowance is reversed. However, to the extent we generate future operating losses, we would be required to increase the valuation allowance on our net deferred tax assets and our income tax expense will be adversely affected.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2013
Commitments and Contingencies	'
	6. Commitments and Contingencies
	We are a party to various legal proceedings in the ordinary course of business. Although the ultimate disposition of these proceedings cannot be predicted with certainty, management believes the outcome of any claim that is pending or threatened, either individually or on a combined basis, will not have a material adverse effect on our consolidated financial position, cash flows or results of operations. However, there can be no assurances that future costs related to legal proceedings would not be material to our results of operations or liquidity for a particular period.

Segment_and_Product_Informatio

Segment and Product Information	9 Months Ended
	Sep. 30, 2013
Segment and Product Information	'
	7. Segment and Product Information
	We offer an integrated solution to our customers providing manufacturing, supply, and installation of a full range of structural and related building products. We provide a wide variety of building products and services directly to homebuilder customers. We manufacture floor trusses, roof trusses, wall panels, stairs, millwork, windows, and doors. We also provide a full range of construction services. We group our building products and services into five product categories: prefabricated components, windows & doors, lumber & lumber sheet goods, millwork, and other building products & services. We have one operating segment with centralized financial and operational oversight.
	Sales by product category for the three and nine month periods ended September 30, 2013 and 2012 were as follows (in thousands):

		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2013		2012		2013			2012
	Prefabricated components	$	82,955	$	56,137	$		221,981	$	150,818
	Windows & doors		84,436		61,821			225,831		170,841
	Lumber & lumber sheet goods		137,514		97,305			403,593		251,677
	Millwork		37,434		28,048			101,672		75,845
	Other building products & services		60,592		48,469			167,704		133,907
	Sales	$	402,931	$	291,780	$		1,120,781	$	783,088

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2013
Recent Accounting Pronouncements	'
	8. Recent Accounting Pronouncements
	In July 2013 the Financial Accounting Standards Board (“FASB”) issued an update to the existing guidance under the Income Taxes topic of the Codification. The objective of this update is to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after December 15, 2013. Early adoption and retrospective application is permitted, but not required. We are currently evaluating the impact that the adoption of this update will have on our financial statements.

Net_Income_Loss_per_Common_Sha1

Net Income (Loss) per Common Share (Tables)	9 Months Ended
	Sep. 30, 2013
Reconciliation of Weighted Average Common Shares	'
	The table below presents a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Weighted average shares for basic EPS		97,229		95,514		96,314		95,401
	Dilutive effect of options and warrants		2,536		—		—		—
	Weighted average shares for diluted EPS		99,765		95,514		96,314		95,401

Debt_Tables

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2013
Long-Term Debt	'
	Long-term debt consisted of the following (in thousands):

		September 30,				December 31,
		2013				2012
	2021 notes	$		350,000		$	—
	Term loan			—			225,000
	2016 notes			—			139,718
	Other long-term debt			3,987			4,031
				353,987			368,749
	Unamortized debt discount			—			(7,794	)
				353,987			360,955
	Less: current maturities of long-term debt			65			60
	Long-term debt, net of current maturities	$		353,922		$	360,895

Effect of Derivative Financial Instrument on Condensed Consolidated Statements of Operations and Comprehensive Loss	'
	The table below presents the effect of our derivative financial instrument on the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30 (in thousands):

	Derivative Not Designated				Amount of Gain (Loss)
	as Hedging Instrument				Recognized in Income
					Three Months Ended										Nine Months Ended
					September 30,										September 30,
			Location of Gain (Loss) Recognized in Income		2013					2012					2013				2012
	Warrants		Interest expense, net		$	197			$		(691	)		$		(558	)	$		(4,417	)

Fair Value Hierarchy Table on Recurring Basis (Level 2)	'
	The following fair value hierarchy table presents information about our financial instrument measured at fair value on a recurring basis using significant other observable inputs (Level 2) (in thousands):

		Carrying Value				Fair Value			Carrying Value			Fair Value
		As of				Measurement as of			As of			Measurement as of
		September 30,				September 30, 2013			December 31,			December 31, 2012
		2013							2012
	Warrants (included in Other long-term liabilities)	$		6,717		$	6,717		$	7,328		$	7,328

Segment_and_Product_Informatio1

Segment and Product Information (Tables)	9 Months Ended
	Sep. 30, 2013
Schedule of Segment Reporting Information by Product Category	'
	Sales by product category for the three and nine month periods ended September 30, 2013 and 2012 were as follows (in thousands):

		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2013		2012		2013			2012
	Prefabricated components	$	82,955	$	56,137	$		221,981	$	150,818
	Windows & doors		84,436		61,821			225,831		170,841
	Lumber & lumber sheet goods		137,514		97,305			403,593		251,677
	Millwork		37,434		28,048			101,672		75,845
	Other building products & services		60,592		48,469			167,704		133,907
	Sales	$	402,931	$	291,780	$		1,120,781	$	783,088

Net_Income_Loss_per_Common_Sha2

Net Income (Loss) per Common Share - Reconciliation of Weighted Average Common Shares - (Details)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Reconciliation of weighted average common shares used in calculation of basic and diluted EPS	'	'	'	'
Basic	97,229	95,514	96,314	95,401
Dilutive effect of options and warrants	2,536	'	'	'
Weighted average shares for diluted EPS	99,765	95,514	96,314	95,401

Recovered_Sheet1

Net Income (Loss) Per Common Share - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data in Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net Income (Loss) Per Common Share Textual [Abstract]	'	'	'	'
Restricted stock shares included in the computations of basic EPS	0.6	'	'	'
Options Outstanding	'	'	'	'
Net Income (Loss) Per Common Share Textual [Abstract]	'	'	'	'
Securities Included in the Computation of Diluted EPS	5.1	'	'	'
Warrants Outstanding	'	'	'	'
Net Income (Loss) Per Common Share Textual [Abstract]	'	'	'	'
Securities Included in the Computation of Diluted EPS	1.4	'	'	'
Stock Options	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'	'	'
Shares excluded from the computations of EPS	'	5.6	5.1	5.6
Warrant	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'	'	'
Shares excluded from the computations of EPS	'	1.6	1.4	1.6
Income due to fair value adjustments related to warrants excluded from the computations of EPS	$200	'	'	'
Restricted Stock	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'	'	'
Shares excluded from the computations of EPS	'	1.2	0.6	1.2

Debt_LongTerm_Debt_Detail

Debt - Long-Term Debt (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Debt Instrument [Line Items]	'	'
Long-term Debt	$353,987	$368,749
Unamortized debt discount	'	-7,794
Long-term debt, net of discount	353,987	360,955
Less: current maturities of long-term debt	65	60
Long-term debt, net of current maturities	353,922	360,895
2021 Notes	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	350,000	'
Term loan	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	'	225,000
2016 notes	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	'	139,718
Other long-term debt	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	$3,987	$4,031

Debt_Effect_of_Derivative_Fina

Debt - Effect of Derivative Financial Instrument on Condensed Consolidated Statements of Operations and Comprehensive Loss (Detail) (Interest expense, Warrant, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest expense \| Warrant	'	'	'	'
Derivative Instruments Gain Loss [Line Items]	'	'	'	'
Amount of Gain (Loss) Recognized in Income	$197	($691)	($558)	($4,417)

Debt_Fair_Value_Hierarchy_Tabl

Debt - Fair Value Hierarchy Table on Recurring Basis (Level 2) (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'
Other long-term liabilities	$23,020	$24,615
Warrant \| Carrying Value \| Fair value measurements Recurring	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'
Other long-term liabilities	6,717	7,328
Warrant \| Fair Value Measurement \| Level 2 \| Fair value measurements Recurring	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'
Other long-term liabilities	$6,717	$7,328

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)

9 Months Ended

1 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

29-May-13

Sep. 30, 2013

29-May-13

Sep. 30, 2013

Sub-Facility

Stand Alone Facility

Letter of credit transferred

7.625% senior secured notes due 2021

2013 Facility

Senior Secured Floating Rate Notes Due 2016

Term Loan Due On 2015

2021 Notes

Private Offering

Minimum

Maximum

Level 2

Base Rate

Eurodollar

Base Rate

Eurodollar

Debt Instrument [Line Items]

Aggregate principal amount

$350

Private offered aggregate principal amount rate

7.63%

Debt instrument issuance price

100.00%

Revolving credit facility agreement in years

'5 years

Maximum borrowing capacity under credit facilities

175

Amount of debt extinguishment

139.7

225

Prepayment of premium

39.5

Extinguishment of term loan loss

48.4

Extinguishment of term loan loss

39.5

Write off of unamortized debt discount on term loan

6.8

Write off of unamortized deferred loan cost

2.1

Letters of credit outstanding amount

12.7

13.9

Debt issuance cost

15.6

11.2

4.4

unamortized deferred loan cost

0.9

Debt instrument maturity date

1-Jun-21

Debt instrument interest rate terms

'Payable semi-annually in arrears on June 1 and December 1 of each year

Purchase price, Percentage of principal amount

101.00%

Offer to purchase in change in control, description

'Equal to 101% of the principal, plus accrued and unpaid interest.

Line of credit facility, current facility

161.1

Weighted average interest rate

4.00%

Borrowings and repayments of line of credit

Outstanding borrowings under 2013 Facility

Debt instrument applicable rate

0.75%

1.75%

1.25%

2.25%

Line of credit commitment fee percentage

0.50%

Interest rates of outstanding letters of credit

1.75%

Fronting fee per annum

0.13%

Minimum fixed charge coverage ratio

Debt Instrument minimum excess availability-dollars

17.5

Borrowings excess availability

161.1

Debt Instrument minimum excess availability-percentage

10.00%

Fair value of the notes

$345.20

Discontinued_Operation_Additio

Discontinued Operation - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Discontinued Operations And Disposal Groups [Abstract]	'	'	'
Impairment Charge	'	'	$1.10
Gain on sale of a business component	'	0.2	'
Facility closure costs from discontinued operations	$0.20	$0.30	'

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]	'	'	'	'
Additional valuation allowance related to net deferred tax	$3.40	$4.60	$17.90	$15.90

Segment_and_Product_Informatio2

Segment and Product Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
	Segment
	Category
Building products and services categories	5
Number of operating segment	1

Segment_and_Product_Informatio3

Segment and Product Information - Segment Reporting Information by Product Category (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	$402,931	$291,780	$1,120,781	$783,088
Prefabricated Components	'	'	'	'
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	82,955	56,137	221,981	150,818
Windows And Doors	'	'	'	'
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	84,436	61,821	225,831	170,841
Lumber And Lumber Sheet Goods	'	'	'	'
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	137,514	97,305	403,593	251,677
Millwork	'	'	'	'
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	37,434	28,048	101,672	75,845
Other Building Products And Services	'	'	'	'
Entity Wide Information Revenue From External Customer [Line Items]	'	'	'	'
Sales	$60,592	$48,469	$167,704	$133,907