SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the segment information for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
SALES	2017		2016
Southern Timber		$32,715		$44,740
Pacific Northwest Timber	24,792		19,309
New Zealand Timber	40,740		36,023
Real Estate (a)	54,289		13,363
Trading	33,976		21,408
Total		$186,512		$134,843

(a) The three months ended March 31, 2017 includes $42.0 million from Large Dispositions.

	Three Months Ended March 31,
OPERATING INCOME (LOSS)	2017			2016
Southern Timber		$13,939			$15,753
Pacific Northwest Timber	(878		)	1,385
New Zealand Timber	10,243			4,744
Real Estate (a)	29,665			4,225
Trading	1,097			350
Corporate and other	(4,805		)	(3,460		)
Total Operating Income	49,261			22,997
Unallocated interest expense and other	(7,897		)	(8,720		)
Total Income before Income Taxes		$41,364			$14,277

(a) The three months ended March 31, 2017 includes $28.2 million from Large Dispositions.

	Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION	2017		2016
Southern Timber		$12,452		$16,556
Pacific Northwest Timber	10,210		4,639
New Zealand Timber	5,407		4,860
Real Estate (a)	10,707		3,203
Trading	—		—
Corporate and other	100		84
Total		$38,876		$29,342

(a) The three months ended March 31, 2017 includes $8.1 million from Large Dispositions.

	Three Months Ended March 31,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	2017		2016
Southern Timber	—		—
Pacific Northwest Timber	—		—
New Zealand Timber	—		1,824
Real Estate (a)	10,222		2,284
Trading	—		—
Corporate and other	—		—
Total		$10,222		$4,108

(a) The three months ended March 31, 2017 includes $5.7 million from Large Dispositions.