HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Real Estate [Abstract]

Schedule of Costs for Land, Timber and Real Estate Development

An analysis of higher and better use timberlands and real estate development costs from December 31, 2016 to June 30, 2017 is shown below:

	Higher and Better Use Timberlands and Real Estate Development Investments
	Land and Timber			Development Investments			Total
Non-current portion at December 31, 2016		$59,956			$10,418			$70,374
Plus: Current portion (a)	5,096			11,963			17,059
Total Balance at December 31, 2016	65,052			22,381			87,433
Non-cash cost of land and improved development	(998		)	(177		)	(1,175		)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(1,208		)	—			(1,208		)
Capitalized real estate development investments (b)	—			5,599			5,599
Capital expenditures (silviculture)	141			—			141
Intersegment transfers	4,144			—			4,144
Total Balance at June 30, 2017	67,131			27,803			94,934
Less: Current portion (a)	(5,020		)	(15,026		)	(20,046		)
Non-current portion at June 30, 2017		$62,111			$12,777			$74,888

(a) The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 15 — Inventory for additional information.

(b) Capitalized real estate development investments includes $0.2 million of capitalized interest.