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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Schedule of Higher and Better Use Timberlands and Real Estate Development Investments Changes in higher and better use timberlands and real estate development investments from December 31, 2020 to December 31, 2021 are shown below:
Higher and Better Use Timberlands and Real Estate Development Investments
 Land and Timber Development InvestmentsTotal
Non-current portion at December 31, 2020
$79,901 $28,617 $108,518 
Plus: Current portion (a)212 6,544 6,756 
Total Balance at December 31, 2020
80,113 35,161 115,274 
Non-cash cost of land and improved development(11,894)(8,211)(20,105)
Amortization of parcel real estate development investments— (5,923)(5,923)
Timber depletion from harvesting activities and basis of timber sold in real estate sales(1,301)— (1,301)
Capitalized real estate development investments (b)— 21,963 21,963 
Capital expenditures (silviculture)191 — 191 
Intersegment transfers13,281 — 13,281 
Purchase price allocation adjustment (c)8,238 — 8,238 
Total Balance at December 31, 2021
88,628 42,990 131,618 
Less: Current portion (a)(718)(24,022)(24,740)
Non-current portion at December 31, 2021
$87,910 $18,968 $106,878 
(a)The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 18 — Inventory for additional information.
(b)Capitalized real estate development investments includes $0.6 million of capitalized interest and $9.4 million of parcel real estate development investments. Parcel real estate development investments represent investments made for specific lots and/or commercial parcels that are currently under contract or expected to be ready for market within a year.
(c)Reflects measurement period adjustments on HBU properties acquired in the merger with Pope Resources. The final allocation of fair value to HBU properties acquired in the merger is approximately $34.7 million. This includes development properties in the town of Port Gamble, Washington, development projects in Gig Harbor, Kingston, and Bremerton, Washington and various other assets. See Note 2 - Merger with Pope Resources for additional information.