CHARGES FOR INTEGRATION AND RESTRUCTURING

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

CHARGES FOR INTEGRATION AND RESTRUCTURING

During 2020, we incurred and accrued for termination benefits (primarily severance) and accelerated share-based payment costs based upon actual and expected qualifying terminations of certain employees as a result of restructuring decisions made concurrent with and subsequent to the merger with Pope Resources. We also incurred non-recurring professional services costs for investment banking, legal, consulting, accounting and certain other fees directly attributable to the merger with Pope Resources.

A summary of the charges for integration and restructuring related to the merger with Pope Resources is presented below:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
Termination benefits	—	$70	—	$651
Acceleration of share-based compensation related to qualifying terminations	—	92	—	324
Professional services	—	239	—	13,553
Other integration and restructuring costs	—	29	—	1,887
Total integration and restructuring charges related to the merger with Pope Resources	—	$430	—	$16,415

During the three and nine months ended September 30, 2020, we incurred $0.1 million and $0.7 million, respectively, in severance benefits related to restructuring associated with the Pope Resources merger. As of December 31, 2020, there was $0.1 million of accrued severance recorded within “Accrued Payroll and Benefits” in our Consolidated Balance Sheets. As of September 30, 2021, all severance associated with the merger with Pope Resources has been paid.