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COMMITMENTS (Tables) | 6 Months Ended
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Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract] |
Future Minimum Payments | At June 30, 2018, the future minimum payments under non-cancellable operating leases, timberland leases and other commitments were as follows:
| Operating Leases |  | Timberland Leases (a) |  | Commitments (b) |  | Total
Remaining 2018 |  | $590 |  |  |  | $5,689 |  |  |  | $7,641 |  |  |  | $13,920 |
2019 | 1,032 |  |  | 8,873 |  |  | 5,121 |  |  | 15,026 |
2020 | 850 |  |  | 8,495 |  |  | 3,403 |  |  | 12,748 |
2021 | 736 |  |  | 8,497 |  |  | 1,573 |  |  | 10,806 |
2022 | 705 |  |  | 8,260 |  |  | 956 |  |  | 9,921 |
Thereafter (c) | 708 |  |  | 147,321 |  |  | 1,510 |  |  | 149,539 |
|  | $4,621 |  |  |  | $187,135 |  |  |  | $20,204 |  |  |  | $211,960 |
(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) | Commitments include $1.7 million of pension contribution requirements remaining in 2018 based on actuarially determined estimates and IRS minimum funding requirements, payments expected to be made on derivative financial instruments (foreign exchange contracts and interest rate swaps), construction of the Company’s Wildlight development project and other purchase obligations. For additional information on the pension contribution see Note 15 — Employee Benefit Plans in the 2017 Form 10-K.
(c) | Includes 20 years of future minimum payments for perpetual Crown Forest Licenses (“CFL”). A CFL consists of a license to use public or government owned land to operate a commercial forest. The CFL's extend indefinitely and may only be terminated upon a 35-year termination notice from the government. If no termination notice is given, the CFLs renew automatically each year for a one-year term. As of June 30, 2018, the New Zealand JV has three CFL’s under termination notice that are currently being relinquished as harvest activities are concluding, as well as two fixed term CFL’s expiring in 2062. The annual license fee is determined based on current market rental value, with triennial rent reviews.

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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