SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information for the three and six months ended June 30, 2016 and 2015 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
SALES	2016		2015		2016		2015
Southern Timber		$29,640		$32,681		$74,380		$68,212
Pacific Northwest Timber	16,869		17,102		36,178		36,256
New Zealand Timber	47,748		39,223		83,772		80,417
Real Estate (a)	137,307		6,945		150,670		30,736
Trading	29,986		19,850		51,393		40,485
Total		$261,550		$115,801		$396,393		$256,106

(a) The three and six months ended June 30, 2016 include $129.5 million from the Washington disposition.

	Three Months Ended June 30,						Six Months Ended June 30,
OPERATING INCOME	2016			2015			2016			2015
Southern Timber		$11,039			$11,777			$26,793			$24,190
Pacific Northwest Timber	1,034			1,687			2,419			4,275
New Zealand Timber	10,028			(945		)	14,772			4,749
Real Estate (a)	105,695			1,421			109,920			14,003
Trading	625			(84		)	975			186
Corporate and other	(6,854		)	(7,333		)	(10,315		)	(13,133		)
Total Operating Income	121,567			6,523			144,564			34,270
Unallocated interest expense and other	(7,712		)	(9,679		)	(16,432		)	(19,718		)
Total Income (Loss) before Income Taxes		$113,855			($3,156	)		$128,132			$14,552

(a) The three and six months ended June 30, 2016 include $101.3 million from the Washington disposition.

	Three Months Ended June 30,				Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2016		2015		2016		2015
Southern Timber		$10,559		$12,650		$27,115		$26,951
Pacific Northwest Timber	3,672		2,941		8,311		6,731
New Zealand Timber	6,437		7,183		11,296		15,186
Real Estate (a)	23,525		1,006		26,728		4,818
Trading	—		—		—		—
Corporate and other	105		70		190		140
Total		$44,298		$23,850		$73,640		$53,826

(a) The three and six months ended June 30, 2016 include $21.9 million from the Washington disposition.

	Three Months Ended June 30,				Six Months Ended June 30,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	2016		2015		2016		2015
Southern Timber	—		—		—		—
Pacific Northwest Timber	—		—		—		—
New Zealand Timber	—		—		1,824		—
Real Estate (a)	3,471		1,191		5,755		4,938
Trading	—		—		—		—
Corporate and other	—		—		—		—
Total		$3,471		$1,191		$7,579		$4,938

(a) The three and six months ended June 30, 2016 include $1.8 million from the Washington disposition.