SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018 and 2017:

	Three Months Ended June 30,					Six Months Ended June 30,
SALES	2018			2017		2018			2017
Southern Timber		$48,047			$35,528		$91,635			$74,666
Pacific Northwest Timber	32,213			20,457		63,587			46,382
New Zealand Timber	69,653			77,322		122,617			118,196
Real Estate (a)	49,860			25,620		85,924			79,909
Trading	46,162			42,037		85,373			76,302
Intersegment Eliminations	(29		)	—		(35		)	—
Total		$245,906			$200,964		$449,101			$395,455

(a) The six months ended June 30, 2017 includes $42.0 million of Large Dispositions.

	Three Months Ended June 30,						Six Months Ended June 30,
OPERATING INCOME (LOSS)	2018			2017			2018			2017
Southern Timber		$15,651			$9,655			$27,878			$23,594
Pacific Northwest Timber	5,625			(1,535		)	10,299			(2,413		)
New Zealand Timber	17,768			26,804			33,725			37,046
Real Estate (a)	18,864			16,133			46,918			45,798
Trading	227			1,141			376			2,239
Corporate and other	(6,490		)	(5,305		)	(10,476		)	(10,110		)
Total Operating Income	51,645			46,893			108,720			96,154
Unallocated interest expense and other	(5,197		)	(8,627		)	(12,630		)	(16,524		)
Total Income before Income Taxes		$46,448			$38,266			$96,090			$79,630

(a) The six months ended June 30, 2017 includes $28.2 million of Large Dispositions.

	Three Months Ended June 30,				Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2018		2017		2018		2017
Southern Timber		$14,940		$11,904		$30,919		$24,356
Pacific Northwest Timber	9,381		7,075		18,885		17,285
New Zealand Timber (a)	8,026		15,456		13,743		20,863
Real Estate (b)	13,739		2,596		16,805		13,303
Trading	—		—		—		—
Corporate and other	297		92		568		192
Total		$46,383		$37,123		$80,920		$75,999

(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.    

NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Southern Timber	—		—		—		—
Pacific Northwest Timber	—		—		—		—
New Zealand Timber	—		128		—		128
Real Estate (a)	13,312		2,752		14,936		12,974
Trading	—		—		—		—
Total		$13,312		$2,880		$14,936		$13,102

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