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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables summarize the segment information for the three and six months ended June 30, 2018 and 2017:
| Three Months Ended June 30, |  | Six Months Ended June 30,
SALES | 2018 |  | 2017 |  | 2018 |  | 2017
Southern Timber |  | $48,047 |  |  |  | $35,528 |  |  |  | $91,635 |  |  |  | $74,666 |
Pacific Northwest Timber | 32,213 |  |  | 20,457 |  |  | 63,587 |  |  | 46,382 |
New Zealand Timber | 69,653 |  |  | 77,322 |  |  | 122,617 |  |  | 118,196 |
Real Estate (a) | 49,860 |  |  | 25,620 |  |  | 85,924 |  |  | 79,909 |
Trading | 46,162 |  |  | 42,037 |  |  | 85,373 |  |  | 76,302 |
Intersegment Eliminations | (29 | ) |  | — |  |  | (35 | ) |  | — |
Total |  | $245,906 |  |  |  | $200,964 |  |  |  | $449,101 |  |  |  | $395,455 |
(a) | The six months ended June 30, 2017 includes $42.0 million of Large Dispositions.
| Three Months Ended June 30, |  | Six Months Ended June 30,
OPERATING INCOME (LOSS) | 2018 |  | 2017 |  | 2018 |  | 2017
Southern Timber |  | $15,651 |  |  |  | $9,655 |  |  |  | $27,878 |  |  |  | $23,594 |
Pacific Northwest Timber | 5,625 |  |  | (1,535 | ) |  | 10,299 |  |  | (2,413 | )
New Zealand Timber | 17,768 |  |  | 26,804 |  |  | 33,725 |  |  | 37,046 |
Real Estate (a) | 18,864 |  |  | 16,133 |  |  | 46,918 |  |  | 45,798 |
Trading | 227 |  |  | 1,141 |  |  | 376 |  |  | 2,239 |
Corporate and other | (6,490 | ) |  | (5,305 | ) |  | (10,476 | ) |  | (10,110 | )
Total Operating Income | 51,645 |  |  | 46,893 |  |  | 108,720 |  |  | 96,154 |
Unallocated interest expense and other | (5,197 | ) |  | (8,627 | ) |  | (12,630 | ) |  | (16,524 | )
Total Income before Income Taxes |  | $46,448 |  |  |  | $38,266 |  |  |  | $96,090 |  |  |  | $79,630 |
(a) | The six months ended June 30, 2017 includes $28.2 million of Large Dispositions.
| Three Months Ended June 30, |  | Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION | 2018 |  | 2017 |  | 2018 |  | 2017
Southern Timber |  | $14,940 |  |  |  | $11,904 |  |  |  | $30,919 |  |  |  | $24,356 |
Pacific Northwest Timber | 9,381 |  |  | 7,075 |  |  | 18,885 |  |  | 17,285 |
New Zealand Timber (a) | 8,026 |  |  | 15,456 |  |  | 13,743 |  |  | 20,863 |
Real Estate (b) | 13,739 |  |  | 2,596 |  |  | 16,805 |  |  | 13,303 |
Trading | — |  |  | — |  |  | — |  |  | — |
Corporate and other | 297 |  |  | 92 |  |  | 568 |  |  | 192 |
Total |  | $46,383 |  |  |  | $37,123 |  |  |  | $80,920 |  |  |  | $75,999 |
(a) | The three and six months ended June 30, 2017 includes $8.9 million of timber cost basis expensed in conjunction with a timberland sale.
(b) | The six months ended June 30, 2017 includes $8.1 million from Large Dispositions.
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT | Three Months Ended June 30, |  | Six Months Ended June 30,
2018 |  | 2017 |  | 2018 |  | 2017
Southern Timber | — |  |  | — |  |  | — |  |  | — |
Pacific Northwest Timber | — |  |  | — |  |  | — |  |  | — |
New Zealand Timber | — |  |  | 128 |  |  | — |  |  | 128 |
Real Estate (a) | 13,312 |  |  | 2,752 |  |  | 14,936 |  |  | 12,974 |
Trading | — |  |  | — |  |  | — |  |  | — |
Total |  | $13,312 |  |  |  | $2,880 |  |  |  | $14,936 |  |  |  | $13,102 |
(a) | The six months ended June 30, 2017 includes $5.7 million from Large Dispositions.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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