Summary of Information by Business Segment |
The following table presents business segment information for each of the past three years. Corporate information is included to reconcile segment data to the Consolidated Financial Statements. | | | | | | | | | | | | | (Dollars in thousands) | 2015 | | 2014 | | 2013 | Revenues: | | | | | | Resource | $ | 263,875 |
| | $ | 252,581 |
| | $ | 238,228 |
| Wood Products | 336,214 |
| | 376,239 |
| | 366,015 |
| Real Estate | 28,989 |
| | 40,460 |
| | 26,160 |
| | 629,078 |
| | 669,280 |
| | 630,403 |
| Elimination of intersegment revenues - Resource1 | (53,742 | ) | | (62,330 | ) | | (60,114 | ) | Total consolidated revenues | $ | 575,336 |
| | $ | 606,950 |
| | $ | 570,289 |
| Operating Income (loss): | | | | | | Resource | $ | 76,350 |
| | $ | 84,976 |
| | $ | 73,425 |
| Wood Products | (5,235 | ) | | 52,442 |
| | 58,892 |
| Real Estate | 16,849 |
| | 26,945 |
| | 18,266 |
| Eliminations and adjustments | 3,283 |
| | (190 | ) | | (907 | ) | | 91,247 |
| | 164,173 |
| | 149,676 |
| Corporate | (32,340 | ) | | (31,667 | ) | | (42,078 | ) | Operating income | 58,907 |
| | 132,506 |
| | 107,598 |
| Interest expense, net | (32,761 | ) | | (22,909 | ) | | (23,132 | ) | Income before income taxes | $ | 26,146 |
| | $ | 109,597 |
| | $ | 84,466 |
| | | | | | | Depreciation, depletion and amortization: | | | | | | Resource | $ | 28,807 |
| | $ | 17,847 |
| | $ | 18,103 |
| Wood Products | 6,810 |
| | 6,176 |
| | 6,194 |
| Real Estate | 56 |
| | 59 |
| | 56 |
| | 35,673 |
| | 24,082 |
| | 24,353 |
| Corporate | 2,432 |
| | 2,667 |
| | 2,609 |
| Total depreciation, depletion and amortization | $ | 38,105 |
| | $ | 26,749 |
| | $ | 26,962 |
| Basis of real estate sold: | | | | | | Real Estate | $ | 7,394 |
| | $ | 9,355 |
| | $ | 3,536 |
| Elimination and adjustments | (382 | ) | | (709 | ) | | (632 | ) | Total basis of real estate sold | $ | 7,012 |
| | $ | 8,646 |
| | $ | 2,904 |
| Assets: | | | | | | Resource and Real Estate2 | $ | 837,630 |
| | $ | 847,873 |
| | $ | 476,628 |
| Wood Products | 131,103 |
| | 118,674 |
| | 115,664 |
| | 968,733 |
| | 966,547 |
| | 592,292 |
| Corporate | 47,879 |
| | 65,199 |
| | 84,910 |
| Total consolidated assets | $ | 1,016,612 |
| | $ | 1,031,746 |
| | $ | 677,202 |
| Capital Expenditures:3 | | | | | | Resource and Real Estate | $ | 13,681 |
| | $ | 11,116 |
| | $ | 12,449 |
| Wood Products | 18,482 |
| | 12,551 |
| | 9,013 |
| | 32,163 |
| | 23,667 |
| | 21,462 |
| Corporate | 569 |
| | 565 |
| | 1,131 |
| Total capital expenditures | $ | 32,732 |
| | $ | 24,232 |
| | $ | 22,593 |
|
| | 1 | Intersegment revenues were based on prevailing market prices of logs sold by our Resource segment to the Wood Products segment. |
| | 2 | Assets are shown on a combined basis for the Resource and Real Estate segments, as we do not produce information separately for those segments for internal purposes. |
| | 3 | Excludes acquisition of timber and timberlands. |
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