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REVENUE (Tables) | 3 Months Ended
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Mar. 31, 2019
Revenue from Contract with Customer [Abstract] |
Contract with Customer, Liabilities | The following table summarizes revenue recognized during the three months ended March 31, 2019 and 2018 that was included in the contract liability balance at the beginning of each year:
| Three Months Ended March 31,
| 2019 |  | 2018
Revenue recognized from contract liability balance at the beginning of the year (a) |  | $5,356 |  |  |  | $6,372 |
(a) Revenue recognized was primarily from hunting licenses and the use of advances on pay-as-cut timber sales.
Disaggregation of Revenue by Product | The following tables present our revenue from contracts with customers disaggregated by product type for the three months ended March 31, 2019 and 2018:
Three Months Ended | Southern Timber |  | Pacific Northwest Timber |  | New Zealand Timber |  | Real Estate |  | Trading |  | Elim. |  | Total
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Pulpwood |  | $26,799 |  |  |  | $2,820 |  |  |  | $8,767 |  |  | — |  |  |  | $4,326 |  |  | — |  |  |  | $42,712 |
Sawtimber | 23,152 |  |  | 17,277 |  |  | 45,863 |  |  | — |  |  | 27,512 |  |  | — |  |  | 113,804 |
Hardwood | 1,086 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,086 |
Total Timber Sales | 51,037 |  |  | 20,097 |  |  | 54,630 |  |  | — |  |  | 31,838 |  |  | — |  |  | 157,602 |
License Revenue, Primarily From Hunting | 4,026 |  |  | 4 |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 4,083 |
Other Non-Timber/Carbon Revenue | 5,783 |  |  | 434 |  |  | 2,447 |  |  | — |  |  | — |  |  | — |  |  | 8,664 |
Agency Fee Income | — |  |  | — |  |  | — |  |  | — |  |  | 198 |  |  | — |  |  | 198 |
Total Non-Timber Sales | 9,809 |  |  | 438 |  |  | 2,500 |  |  | — |  |  | 198 |  |  | — |  |  | 12,945 |
Improved Development | — |  |  | — |  |  | — |  |  | 341 |  |  | — |  |  | — |  |  | 341 |
Unimproved Development | — |  |  | — |  |  | — |  |  | 1,000 |  |  | — |  |  | — |  |  | 1,000 |
Rural | — |  |  | — |  |  | — |  |  | 12,665 |  |  | — |  |  | — |  |  | 12,665 |
Non-strategic / Timberlands | — |  |  | — |  |  | — |  |  | 6,934 |  |  | — |  |  | — |  |  | 6,934 |
Other | — |  |  | — |  |  | — |  |  | 59 |  |  | — |  |  | — |  |  | 59 |
Total Real Estate Sales | — |  |  | — |  |  | — |  |  | 20,999 |  |  | — |  |  | — |  |  | 20,999 |
Revenue from Contracts with Customers | 60,846 |  |  | 20,535 |  |  | 57,130 |  |  | 20,999 |  |  | 32,036 |  |  | — |  |  | 191,546 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | (29 | ) |  | — |
Total Revenue |  | $60,846 |  |  |  | $20,535 |  |  |  | $57,130 |  |  |  | $20,999 |  |  |  | $32,065 |  |  |  | ($29 | ) |  |  | $191,546 |
March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |
Pulpwood |  | $21,606 |  |  |  | $3,419 |  |  |  | $5,844 |  |  | — |  |  |  | $4,257 |  |  | — |  |  |  | $35,126 |
Sawtimber | 15,937 |  |  | 27,068 |  |  | 44,745 |  |  | — |  |  | 34,826 |  |  | — |  |  | 122,576 |
Hardwood | 597 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 597 |
Total Timber Sales | 38,140 |  |  | 30,487 |  |  | 50,589 |  |  | — |  |  | 39,083 |  |  | — |  |  | 158,299 |
License Revenue, Primarily from Hunting | 4,084 |  |  | 25 |  |  | 52 |  |  | — |  |  | — |  |  | — |  |  | 4,161 |
Other Non-Timber/Carbon Revenue | 1,364 |  |  | 862 |  |  | 2,323 |  |  | — |  |  | — |  |  | — |  |  | 4,549 |
Agency Fee Income | — |  |  | — |  |  | — |  |  | — |  |  | 123 |  |  | — |  |  | 123 |
Total Non-Timber Sales | 5,448 |  |  | 887 |  |  | 2,375 |  |  | — |  |  | 123 |  |  | — |  |  | 8,833 |
Improved Development | — |  |  | — |  |  | — |  |  | 1,121 |  |  | — |  |  | — |  |  | 1,121 |
Unimproved Development | — |  |  | — |  |  | — |  |  | 7,446 |  |  | — |  |  | — |  |  | 7,446 |
Rural | — |  |  | — |  |  | — |  |  | 1,652 |  |  | — |  |  | — |  |  | 1,652 |
Non-strategic / Timberlands | — |  |  | — |  |  | — |  |  | 25,845 |  |  | — |  |  | — |  |  | 25,845 |
Total Real Estate Sales | — |  |  | — |  |  | — |  |  | 36,064 |  |  | — |  |  | — |  |  | 36,064 |
Revenue from Contracts with Customers | 43,588 |  |  | 31,374 |  |  | 52,964 |  |  | 36,064 |  |  | 39,206 |  |  | — |  |  | 203,196 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | (6 | ) |  | — |
Total Revenue |  | $43,588 |  |  |  | $31,374 |  |  |  | $52,964 |  |  |  | $36,064 |  |  |  | $39,212 |  |  |  | ($6 | ) |  |  | $203,196 |
The following tables present our timber sales disaggregated by contract type for the three months ended March 31, 2019 and 2018:
Three Months Ended | Southern Timber |  | Pacific Northwest Timber |  | New Zealand Timber |  | Trading |  | Total
March 31, 2019 |  |  |  |  |  |  |  |  |
Stumpage Pay-as-Cut |  | $28,008 |  |  | — |  |  | — |  |  | — |  |  |  | $28,008 |
Stumpage Lump Sum | 2,095 |  |  | — |  |  | — |  |  | — |  |  | 2,095 |
Total Stumpage | 30,103 |  |  | — |  |  | — |  |  | — |  |  | 30,103 |
Delivered Wood (Domestic) | 19,338 |  |  | 20,097 |  |  | 20,700 |  |  | 2,124 |  |  | 62,259 |
Delivered Wood (Export) | 1,596 |  |  | — |  |  | 33,930 |  |  | 29,714 |  |  | 65,240 |
Total Delivered | 20,934 |  |  | 20,097 |  |  | 54,630 |  |  | 31,838 |  |  | 127,499 |
Total Timber Sales |  | $51,037 |  |  |  | $20,097 |  |  |  | $54,630 |  |  |  | $31,838 |  |  |  | $157,602 |
March 31, 2018 |  |  |  |  |  |  |  |  |
Stumpage Pay-as-Cut |  | $22,511 |  |  | — |  |  | — |  |  | — |  |  |  | $22,511 |
Stumpage Lump Sum | 1,818 |  |  | 5,106 |  |  | — |  |  | — |  |  | 6,924 |
Total Stumpage | 24,329 |  |  | 5,106 |  |  | — |  |  | — |  |  | 29,435 |
Delivered Wood (Domestic) | 13,377 |  |  | 25,381 |  |  | 20,103 |  |  | 937 |  |  | 59,798 |
Delivered Wood (Export) | 434 |  |  | — |  |  | 30,486 |  |  | 38,146 |  |  | 69,066 |
Total Delivered | 13,811 |  |  | 25,381 |  |  | 50,589 |  |  | 39,083 |  |  | 128,864 |
Total Timber Sales |  | $38,140 |  |  |  | $30,487 |  |  |  | $50,589 |  |  |  | $39,083 |  |  |  | $158,299 |

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