XML 27 R14.htm IDEA: XBRL DOCUMENT v3.19.1

SEGMENT AND GEOGRAPHICAL INFORMATION

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHICAL INFORMATION

SEGMENT AND GEOGRAPHICAL INFORMATION

Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on segment operating income and Adjusted EBITDA. Asset information is not reported by segment, as the Company does not produce asset information by segment internally.

Operating income as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income. Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include interest income (expense), miscellaneous income (expenses) and income tax expense, are not considered by management to be part of segment operations and are included under “unallocated interest expense and other.”

The following tables summarize the segment information for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
SALES	2019				2018
Southern Timber		$60,846				$43,588
Pacific Northwest Timber	20,535				31,374
New Zealand Timber	57,130				52,964
Real Estate	20,999				36,064
Trading	32,065				39,212
Intersegment Eliminations	(29		)		(6		)
Total		$191,546				$203,196

	Three Months Ended March 31,
OPERATING INCOME (LOSS)	2019				2018
Southern Timber		$21,520				$12,227
Pacific Northwest Timber	(3,741		)		4,674
New Zealand Timber	15,720				15,957
Real Estate	10,027				28,054
Trading	480				149
Corporate and other	(5,486		)		(3,987		)
Total Operating Income	38,520				57,074
Unallocated interest expense and other	(6,378		)		(7,432		)
Total Income before Income Taxes		$32,142				$49,642

	Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION	2019				2018
Southern Timber		$19,727				$15,979
Pacific Northwest Timber	6,826				9,504
New Zealand Timber	6,319				5,717
Real Estate	3,335				3,066
Corporate and other	284				271
Total		$36,491				$34,537

	Three Months Ended March 31,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	2019				2018
Real Estate	4,030				1,624
Total		$4,030				$1,624

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration