REVENUE (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Liabilities

The following table summarizes revenue recognized during the three and six months ended June 30, 2019 and 2018 that was included in the contract liability balance at the beginning of each year:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Revenue recognized from contract liability balance at the beginning of the year (a)		$3,440		$5,429		$8,796		$11,800

(a)

Revenue recognized was primarily from hunting licenses and the use of advances on pay-as-cut timber sales.

Disaggregation of Revenue by Product

The following tables present our revenue from contracts with customers disaggregated by product type for the three and six months ended June 30, 2019 and 2018:

Three Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Real Estate		Trading		Elim.			Total
June 30, 2019
Pulpwood		$19,310		$2,267		$8,581	—			$3,826	—				$33,984
Sawtimber	16,286		15,407		52,427		—		31,377		—			115,497
Hardwood	1,391		—		—		—		—		—			1,391
Total Timber Sales	36,987		17,674		61,008		—		35,203		—			150,872
License Revenue, Primarily From Hunting	4,296		103		142		—		—		—			4,541
Other Non-Timber/Carbon Revenue	4,914		779		977		—		—		—			6,670
Agency Fee Income	—		—		—		—		184		—			184
Total Non-Timber Sales	9,210		882		1,119		—		184		—			11,395
Improved Development	—		—		—		172		—		—			172
Unimproved Development	—		—		—		14,431		—		—			14,431
Rural	—		—		—		6,799		—		—			6,799
Non-strategic / Timberlands	—		—		—		1,123		—		—			1,123
Other	—		—		—		8		—		—			8
Total Real Estate Sales	—		—		—		22,533		—		—			22,533
Revenue from Contracts with Customers	46,197		18,556		62,127		22,533		35,387		—			184,800
Intersegment	—		—		—		—		74		(74		)	—
Total Revenue		$46,197		$18,556		$62,127		$22,533		$35,461		($74	)		$184,800
June 30, 2018
Pulpwood		$20,300		$4,625		$7,788	—			$3,804	—				$36,517
Sawtimber	15,776		26,654		61,219		—		42,162		—			145,811
Hardwood	1,214		—		—		—		—		—			1,214
Total Timber Sales	37,290		31,279		69,007		—		45,966		—			183,542
License Revenue, Primarily from Hunting	3,936		103		142		—		—		—			4,181
Other Non-Timber/Carbon Revenue	6,821		831		504		—		—		—			8,156
Agency Fee Income	—		—		—		—		167		—			167
Total Non-Timber Sales	10,757		934		646		—		167		—			12,504
Improved Development	—		—		—		1,345		—		—			1,345
Rural	—		—		—		4,827		—		—			4,827
Non-strategic / Timberlands	—		—		—		43,688		—		—			43,688
Total Real Estate Sales	—		—		—		49,860		—		—			49,860
Revenue from Contracts with Customers	48,047		32,213		69,653		49,860		46,133		—			245,906
Intersegment	—		—		—		—		29		(29		)	—
Total Revenue		$48,047		$32,213		$69,653		$49,860		$46,162		($29	)		$245,906

Six Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Real Estate		Trading		Elim.			Total
June 30, 2019
Pulpwood		$46,109		$5,087		$17,349	—			$8,152	—				$76,697
Sawtimber	39,437		32,684		98,290		—		58,890		—			229,301
Hardwood	2,477		—		—		—		—		—			2,477
Total Timber Sales	88,023		37,771		115,639		—		67,042		—			308,475
License Revenue, Primarily From Hunting	8,420		205		195		—		—		—			8,820
Other Non-Timber/Carbon Revenue	10,600		1,115		3,423		—		—		—			15,138
Agency Fee Income	—		—		—		—		381		—			381
Total Non-Timber Sales	19,020		1,320		3,618		—		381		—			24,339
Improved Development	—		—		—		514		—		—			514
Unimproved Development	—		—		—		15,430		—		—			15,430
Rural	—		—		—		19,464		—		—			19,464
Non-strategic / Timberlands	—		—		—		8,056		—		—			8,056
Other	—		—		—		68		—		—			68
Total Real Estate Sales	—		—		—		43,532		—		—			43,532
Revenue from Contracts with Customers	107,043		39,091		119,257		43,532		67,423		—			376,346
Intersegment	—		—		—		—		103		(103		)	—
Total Revenue		$107,043		$39,091		$119,257		$43,532		$67,526		($103	)		$376,346
June 30, 2018
Pulpwood		$41,904		$8,044		$13,632	—			$8,062	—				$71,642
Sawtimber	31,713		53,721		105,964		—		76,987		—			268,385
Hardwood	1,811		—		—		—		—		—			1,811
Total Timber Sales	75,428		61,765		119,596		—		85,049		—			341,838
License Revenue, Primarily from Hunting	8,024		128		194		—		—		—			8,346
Other Non-Timber/Carbon Revenue	8,183		1,694		2,827		—		—		—			12,704
Agency Fee Income	—		—		—		—		289		—			289
Total Non-Timber Sales	16,207		1,822		3,021		—		289		—			21,339
Improved Development	—		—		—		2,465		—		—			2,465
Unimproved Development	—		—		—		7,446		—		—			7,446
Rural	—		—		—		6,480		—		—			6,480
Non-strategic / Timberlands	—		—		—		69,533		—		—			69,533
Total Real Estate Sales	—		—		—		85,924		—		—			85,924
Revenue from Contracts with Customers	91,635		63,587		122,617		85,924		85,338		—			449,101
Intersegment	—		—		—		—		35		(35		)	—
Total Revenue		$91,635		$63,587		$122,617		$85,924		$85,373		($35	)		$449,101

The following tables present our timber sales disaggregated by contract type for the three and six months ended June 30, 2019 and 2018:

Three Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Trading		Total
June 30, 2019
Stumpage Pay-as-Cut		$15,172	—		—		—			$15,172
Stumpage Lump Sum	581		—		—		—		581
Total Stumpage	15,753		—		—		—		15,753
Delivered Wood (Domestic)	17,041		17,674		21,739		2,669		59,123
Delivered Wood (Export)	4,193		—		39,269		32,534		75,996
Total Delivered	21,234		17,674		61,008		35,203		135,119
Total Timber Sales		$36,987		$17,674		$61,008		$35,203		$150,872
June 30, 2018
Stumpage Pay-as-Cut		$19,855	—		—		—			$19,855
Stumpage Lump Sum	256		4,605		—		—		4,861
Total Stumpage	20,111		4,605		—		—		24,716
Delivered Wood (Domestic)	15,166		26,674		25,647		1,567		69,054
Delivered Wood (Export)	2,013		—		43,360		44,399		89,772
Total Delivered	17,179		26,674		69,007		45,966		158,826
Total Timber Sales		$37,290		$31,279		$69,007		$45,966		$183,542

Six Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Trading		Total
June 30, 2019
Stumpage Pay-as-Cut		$43,180	—		—		—			$43,180
Stumpage Lump Sum	2,675		—		—		—		2,675
Total Stumpage	45,855		—		—		—		45,855
Delivered Wood (Domestic)	36,379		37,771		42,439		4,793		121,382
Delivered Wood (Export)	5,789		—		73,200		62,249		141,238
Total Delivered	42,168		37,771		115,639		67,042		262,620
Total Timber Sales		$88,023		$37,771		$115,639		$67,042		$308,475
June 30, 2018
Stumpage Pay-as-Cut		$42,364	—		—		—			$42,364
Stumpage Lump Sum	2,074		9,711		—		—		11,785
Total Stumpage	44,438		9,711		—		—		54,149
Delivered Wood (Domestic)	28,543		52,054		45,750		2,504		128,851
Delivered Wood (Export)	2,447		—		73,846		82,545		158,838
Total Delivered	30,990		52,054		119,596		85,049		287,689
Total Timber Sales		$75,428		$61,765		$119,596		$85,049		$341,838