REVENUE (Tables)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Liabilities

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Revenue recognized from contract liability balance at the beginning of the year (a)		$874		$355		$9,670		$8,685

(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 nine months ended September 30, 2019 and 2018:

Three Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Real Estate		Trading		Elim.			Total
September 30, 2019
Pulpwood		$19,093		$2,109		$7,930	—			$2,795	—				$31,927
Sawtimber	11,581		16,064		51,415		—		22,214		—			101,274
Hardwood	2,338		—		—		—		—		—			2,338
Total Timber Sales	33,012		18,173		59,345		—		25,009		—			135,539
License Revenue, Primarily From Hunting	4,351		199		91		—		—		—			4,641
Other Non-Timber/Carbon Revenue	3,919		394		2,563		—		—		—			6,876
Agency Fee Income	—		—		—		—		149		—			149
Total Non-Timber Sales	8,270		593		2,654		—		149		—			11,666
Improved Development	—		—		—		4,492		—		—			4,492
Rural	—		—		—		3,841		—		—			3,841
Non-strategic / Timberlands	—		—		—		428		—		—			428
Other	—		—		—		451		—		—			451
Total Real Estate Sales	—		—		—		9,212		—		—			9,212
Revenue from Contracts with Customers	41,282		18,766		61,999		9,212		25,158		—			156,417
Intersegment	—		—		—		—		34		(34		)	—
Total Revenue		$41,282		$18,766		$61,999		$9,212		$25,192		($34	)		$156,417
September 30, 2018
Pulpwood		$19,998		$3,560		$7,278	—			$2,487	—				$33,323
Sawtimber	13,734		23,495		56,663		—		28,321		—			122,213
Hardwood	1,071		—		—		—		—		—			1,071
Total Timber Sales	34,803		27,055		63,941		—		30,808		—			156,607
License Revenue, Primarily from Hunting	4,016		224		98		—		—		—			4,338
Other Non-Timber/Carbon Revenue	843		536		2,226		—		—		—			3,605
Agency Fee Income	—		—		—		—		172		—			172
Total Non-Timber Sales	4,859		760		2,324		—		172		—			8,115
Improved Development	—		—		—		1,352		—		—			1,352
Unimproved Development	—		—		—		1,175		—		—			1,175
Rural	—		—		—		4,489		—		—			4,489
Non-strategic / Timberlands	—		—		—		29,152		—		—			29,152
Total Real Estate Sales	—		—		—		36,168		—		—			36,168
Revenue from Contracts with Customers	39,662		27,815		66,265		36,168		30,980		—			200,890
Intersegment	—		—		—		—		30		(30		)	—
Total Revenue		$39,662		$27,815		$66,265		$36,168		$31,010		($30	)		$200,890

Nine Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Real Estate		Trading		Elim.			Total
September 30, 2019
Pulpwood		$65,202		$7,196		$25,278	—			$10,947	—				$108,623
Sawtimber	51,019		48,748		149,705		—		81,104		—			330,576
Hardwood	4,816		—		—		—		—		—			4,816
Total Timber Sales	121,037		55,944		174,983		—		92,051		—			444,015
License Revenue, Primarily From Hunting	12,772		404		287		—		—		—			13,463
Other Non-Timber/Carbon Revenue	14,516		1,508		5,987		—		—		—			22,011
Agency Fee Income	—		—		—		—		531		—			531
Total Non-Timber Sales	27,288		1,912		6,274		—		531		—			36,005
Improved Development	—		—		—		5,007		—		—			5,007
Unimproved Development	—		—		—		15,430		—		—			15,430
Rural	—		—		—		23,304		—		—			23,304
Non-strategic / Timberlands	—		—		—		8,484		—		—			8,484
Other	—		—		—		519		—		—			519
Total Real Estate Sales	—		—		—		52,744		—		—			52,744
Revenue from Contracts with Customers	148,325		57,856		181,257		52,744		92,582		—			532,764
Intersegment	—		—		—		—		137		(137		)	—
Total Revenue		$148,325		$57,856		$181,257		$52,744		$92,719		($137	)		$532,764
September 30, 2018
Pulpwood		$61,898		$11,648		$20,910	—			$10,548	—				$105,004
Sawtimber	45,452		77,172		162,627		—		105,309		—			390,560
Hardwood	2,882		—		—		—		—		—			2,882
Total Timber Sales	110,232		88,820		183,537		—		115,857		—			498,446
License Revenue, Primarily from Hunting	12,137		450		292		—		—		—			12,879
Other Non-Timber/Carbon Revenue	8,929		2,132		5,053		—		—		—			16,114
Agency Fee Income	—		—		—		—		460		—			460
Total Non-Timber Sales	21,066		2,582		5,345		—		460		—			29,453
Improved Development	—		—		—		3,817		—		—			3,817
Unimproved Development	—		—		—		8,621		—		—			8,621
Rural	—		—		—		10,969		—		—			10,969
Non-strategic / Timberlands	—		—		—		98,685		—		—			98,685
Total Real Estate Sales	—		—		—		122,092		—		—			122,092
Revenue from Contracts with Customers	131,298		91,402		188,882		122,092		116,317		—			649,991
Intersegment	—		—		—		—		66		(66		)	—
Total Revenue		$131,298		$91,402		$188,882		$122,092		$116,383		($66	)		$649,991

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

Three Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Trading		Total
September 30, 2019
Stumpage Pay-as-Cut		$13,077	—		—		—			$13,077
Stumpage Lump Sum	1,677		—		—		—		1,677
Total Stumpage	14,754		—		—		—		14,754
Delivered Wood (Domestic)	16,597		18,173		22,722		624		58,116
Delivered Wood (Export)	1,661		—		36,623		24,385		62,669
Total Delivered	18,258		18,173		59,345		25,009		120,785
Total Timber Sales		$33,012		$18,173		$59,345		$25,009		$135,539
September 30, 2018
Stumpage Pay-as-Cut		$16,984	—		—		—			$16,984
Stumpage Lump Sum	284		2,143		—		—		2,427
Total Stumpage	17,268		2,143		—		—		19,411
Delivered Wood (Domestic)	15,856		24,912		24,771		1,813		67,352
Delivered Wood (Export)	1,679		—		39,170		28,995		69,844
Total Delivered	17,535		24,912		63,941		30,808		137,196
Total Timber Sales		$34,803		$27,055		$63,941		$30,808		$156,607

Nine Months Ended	Southern Timber		Pacific Northwest Timber		New Zealand Timber		Trading		Total
September 30, 2019
Stumpage Pay-as-Cut		$56,257	—		—		—			$56,257
Stumpage Lump Sum	4,353		—		—		—		4,353
Total Stumpage	60,610		—		—		—		60,610
Delivered Wood (Domestic)	52,977		55,944		65,161		5,417		179,499
Delivered Wood (Export)	7,450		—		109,822		86,634		203,906
Total Delivered	60,427		55,944		174,983		92,051		383,405
Total Timber Sales		$121,037		$55,944		$174,983		$92,051		$444,015
September 30, 2018
Stumpage Pay-as-Cut		$59,348	—		—		—			$59,348
Stumpage Lump Sum	2,358		11,854		—		—		14,212
Total Stumpage	61,706		11,854		—		—		73,560
Delivered Wood (Domestic)	44,399		76,966		70,521		4,317		196,203
Delivered Wood (Export)	4,127		—		113,016		111,540		228,683
Total Delivered	48,526		76,966		183,537		115,857		424,886
Total Timber Sales		$110,232		$88,820		$183,537		$115,857		$498,446