SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize the segment information for the three and six months ended June 30, 2017 and 2016:

	Three Months Ended June 30,				Six Months Ended June 30,
SALES	2017		2016		2017		2016
Southern Timber		$30,778		$29,640		$63,493		$74,380
Pacific Northwest Timber	19,451		16,869		44,243		36,178
New Zealand Timber	77,163		47,748		117,904		83,772
Real Estate (a)	25,620		137,307		79,909		150,670
Trading	41,707		29,986		75,683		51,393
Total		$194,719		$261,550		$381,232		$396,393

(a) The six months ended June 30, 2017 includes $42.0 million from Large Dispositions. The three and six months ended June 30, 2016 includes $129.5 million from Large Dispositions.

	Three Months Ended June 30,						Six Months Ended June 30,
OPERATING INCOME (LOSS)	2017			2016			2017			2016
Southern Timber		$9,655			$11,039			$23,594			$26,793
Pacific Northwest Timber	(1,535		)	1,034			(2,413		)	2,419
New Zealand Timber	26,804			10,028			37,046			14,772
Real Estate (a)	16,133			105,695			45,798			109,920
Trading	1,141			625			2,239			975
Corporate and other	(5,305		)	(6,854		)	(10,110		)	(10,315		)
Total Operating Income	46,893			121,567			96,154			144,564
Unallocated interest expense and other	(8,627		)	(7,712		)	(16,524		)	(16,432		)
Total Income before Income Taxes		$38,266			$113,855			$79,630			$128,132

(a) The six months ended June 30, 2017 includes $28.2 million from Large Dispositions. The three and six months ended June 30, 2016 includes $101.3 million from Large Dispositions.

	Three Months Ended June 30,				Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2017		2016		2017		2016
Southern Timber		$11,904		$10,559		$24,356		$27,115
Pacific Northwest Timber	7,075		3,672		17,285		8,311
New Zealand Timber (a)	15,456		6,437		20,863		11,296
Real Estate (b)	2,596		23,525		13,303		26,728
Trading	—		—		—		—
Corporate and other	92		105		192		190
Total		$37,123		$44,298		$75,999		$73,640

(a) The three and six months ended June 30, 2017 includes $8.9 million of timber cost basis expensed in conjunction with a timberland sale.

(b) The six months ended June 30, 2017 includes $8.1 million from Large Dispositions. The three and six months ended June 30, 2016 includes $21.9 million from Large Dispositions.    

	Three Months Ended June 30,				Six Months Ended June 30,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	2017		2016		2017		2016
Southern Timber	—		—		—		—
Pacific Northwest Timber	—		—		—		—
New Zealand Timber	128		—		128		1,824
Real Estate (a)	2,752		3,471		12,974		5,755
Trading	—		—		—		—
Total		$2,880		$3,471		$13,102		$7,579

(a) The six months ended June 30, 2017 includes $5.7 million from Large Dispositions. The three and six months ended June 30, 2016 includes $1.8 million from Large Dispositions.