Advertisement
9. Depreciation, depletion and amortization:
Depreciation, depletion and amortization can be allocated by function as follows:
-------------------------------------------------------------------------- 3 Months 3 Months Mar. 31, Mar. 31, 2013 2012--------------------------------------------------------------------------Interest on borrowing $ 1,513 $ 1,276Interest on defined benefit obligations 48 31Accretion expense 96 113Amortization of prepaid finance costs 131 153-------------------------------------------------------------------------- $ 1,788 $ 1,573--------------------------------------------------------------------------
10. Net earnings (loss) per share:
---------------------------------------------------------------------------- 3 Months 3 Months Mar. 31, 2013 Mar. 31, 2012 ------------------------------------------------------- Net Net earnings Per earnings Per (loss) Shares share (loss) Shares share----------------------------------------------------------------------------Basic and diluted earnings (loss) per share $ 15,179 55,863 $ 0.27 $ (6,700) 55,863 $ (0.12)----------------------------------------------------------------------------
11. Segmented information:
The Company manages its business as a single operating segment, solid wood. The Company purchases and harvests logs which are then manufactured into lumber products at the Company's sawmills, or sold. Substantially all of the Company's operations are located in British Columbia, Canada, and the U.S. Pacific Northwest and U.S. Southeast, U.S.A.
The Company sales to both foreign and domestic markets are as follows:
---------------------------------------------------------------------------- 3 Months 3 Months Mar. 31, Mar. 31, 2013 2012----------------------------------------------------------------------------Canada $ 55,152 $ 60,416United States 125,792 70,565China and Taiwan 23,560 20,547Japan 26,168 25,788Other export 11,827 9,344---------------------------------------------------------------------------- $ 242,499 $ 186,660----------------------------------------------------------------------------Sales by product line are as follows:---------------------------------------------------------------------------- 3 Months 3 Months Mar. 31, Mar. 31, 2013 2012----------------------------------------------------------------------------Lumber $ 191,406 $ 133,622Logs 26,128 26,950Wood chips and other by products 16,597 18,163Ocean freight and other 8,368 7,925---------------------------------------------------------------------------- $ 242,499 $ 186,660----------------------------------------------------------------------------
