SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables summarize the segment information for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,		Six Months Ended June 30,
SALES	2023	2022	2023	2022
Southern Timber	$68,310	$66,271	$140,152	$143,035
Pacific Northwest Timber	32,317	39,157	66,736	85,437
New Zealand Timber	60,898	78,882	105,004	130,271
Real Estate	32,041	34,402	48,317	68,597
Trading	15,415	27,683	27,984	41,145
Intersegment Eliminations (a)	(116)	(49)	(246)	(98)
Total	$208,865	$246,346	$387,947	$468,387

(a)Primarily consists of log marketing fees paid to our Trading segment from our Southern Timber and Pacific Northwest Timber segments for marketing log export sales.

	Three Months Ended June 30,		Six Months Ended June 30,
OPERATING INCOME	2023	2022	2023	2022
Southern Timber	$21,708	$24,067	$43,931	$54,409
Pacific Northwest Timber	(2,376)	2,943	(5,919)	9,550
New Zealand Timber (a)	2,373	7,981	1,710	13,373
Real Estate	8,649	11,023	9,532	21,204
Trading	67	(444)	409	(93)
Corporate and Other	(10,319)	(10,102)	(18,938)	(17,657)
Total Operating Income	20,102	35,468	30,725	80,786
Unallocated interest expense and other (b)	(813)	(8,877)	(2,961)	(17,682)
Total Income before Income Taxes	$19,289	$26,591	$27,764	$63,104

(a)The six months ended June 30, 2023 includes a $2.3 million timber write-off resulting from a casualty event. Timber write-offs resulting from casualty events are recorded within the Consolidated Statements of Income and Comprehensive Income under the caption “Cost of Sales.”

(b)The three and six months ended June 30, 2023 include $11.4 million and $20.5 million, respectively, of net recoveries associated with legal settlements.

	Three Months Ended June 30,		Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2023	2022	2023	2022
Southern Timber	$21,868	$14,657	$42,478	$32,716
Pacific Northwest Timber	9,242	11,316	19,892	26,232
New Zealand Timber	5,927	6,901	10,382	11,891
Real Estate	2,235	2,564	3,738	11,709
Corporate and Other	443	313	824	621
Total	$39,715	$35,751	$77,314	$83,169

	Three Months Ended June 30,		Six Months Ended June 30,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	2023	2022	2023	2022
Real Estate	$9,395	$11,780	$13,603	$17,139
Total	$9,395	$11,780	$13,603	$17,139