LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Operating Lease Maturities

The following table details our undiscounted lease obligations as of December 31, 2021 by type of lease and year of expiration:

	Year of Expiration
Lease obligations	Total	2022	2023	2024	2025	2026	Thereafter
Operating lease liabilities	$188,388	$9,038	$8,864	$8,604	$7,889	$7,176	$146,817
Total Undiscounted Cash Flows	$188,388	$9,038	$8,864	$8,604	$7,889	$7,176	$146,817
Imputed interest	(86,540)
Balance at December 31, 2021	$101,848
Less: Current portion	(8,432)
Non-current portion at December 31, 2021	$93,416

Lease Cost

The following table details components of our lease cost for the years ended December 31, 2021, 2020, and 2019:

	Year Ended December 31,
Lease Cost Components	2021	2020	2019
Operating lease cost	$10,166	$9,647	$10,870
Variable lease cost (a)	196	230	235
Total lease cost (b)	$10,362	$9,877	$11,105

(a)    The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index, Producer Price Index or market rates.

(b)    Short-term leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for these leases are expensed on a straight line basis over the lease term. Short-term lease expense was not material for the year ended December 31, 2021.

The following table details components of our lease cost for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31,
Supplemental Cash Flow Information Related to Leases:	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$2,389		$2,127		$2,567
Investing cash flows from operating leases	7,777		7,520		8,303
Total cash flows from operating leases	$10,166		$9,647		$10,870
Weighted-average remaining lease term in years - operating leases	29		29		28
Weighted-average discount rate - operating leases	5	%	5	%	5	%

Operating Lease, Lease Income

The following table details our lease income for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31,
Lease Income Components	2021	2020	2019
Operating lease income	$1,152	$605	—
Total lease income	$1,152	$605	—

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity

Future lease income as of December 31, 2021, based on payments due by period under the lease contracts, are presented in the following table:

		Year of Expiration
Lease assets	Total	2022	2023	2024	2025	2026	Thereafter
Operating lease Income	$638	$379	$173	$82	$2	$2	—

Lease, Practical Expedient

We apply the following practical expedients as allowed under ASC 842:

Practical Expedient	Description
Short-term leases	We do not record right-of-use assets or liabilities for short-term leases (a lease that at commencement date has a lease term of 12 months or less and does not contain a purchase option that is reasonably certain to be exercised).
Separation of lease and non-lease components	We do not separate non-lease components from the associated lease components if they have the same timing and pattern of transfer and, if accounted for separately, would both be classified as an operating lease.