XML 105 R14.htm IDEA: XBRL DOCUMENT
v3.19.3

SEGMENT AND GEOGRAPHICAL INFORMATION | 9 Months Ended
--- | ---
Sep. 30, 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 (loss) 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 (expense) 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 and nine months ended September 30, 2019 and 2018:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
SALES | 2019 |  | 2018 |  | 2019 |  | 2018
Southern Timber |  | $41,282 |  |  |  | $39,662 |  |  |  | $148,325 |  |  |  | $131,298 |
Pacific Northwest Timber | 18,766 |  |  | 27,815 |  |  | 57,856 |  |  | 91,402 |
New Zealand Timber | 61,999 |  |  | 66,265 |  |  | 181,257 |  |  | 188,882 |
Real Estate | 9,212 |  |  | 36,168 |  |  | 52,744 |  |  | 122,092 |
Trading | 25,192 |  |  | 31,010 |  |  | 92,719 |  |  | 116,383 |
Intersegment Eliminations | (34 | ) |  | (30 | ) |  | (137 | ) |  | (66 | )
Total |  | $156,417 |  |  |  | $200,890 |  |  |  | $532,764 |  |  |  | $649,991 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
OPERATING INCOME (LOSS) | 2019 |  | 2018 |  | 2019 |  | 2018
Southern Timber |  | $9,512 |  |  |  | $9,183 |  |  |  | $45,773 |  |  |  | $37,061 |
Pacific Northwest Timber | (3,567 | ) |  | 1,911 |  |  | (11,123 | ) |  | 12,209 |
New Zealand Timber | 10,104 |  |  | 16,416 |  |  | 38,621 |  |  | 50,141 |
Real Estate | 425 |  |  | 24,726 |  |  | 25,920 |  |  | 71,645 |
Trading | (37 | ) |  | 304 |  |  | 271 |  |  | 680 |
Corporate and Other | (5,450 | ) |  | (6,162 | ) |  | (18,562 | ) |  | (16,639 | )
Total Operating Income | 10,987 |  |  | 46,378 |  |  | 80,900 |  |  | 155,097 |
Unallocated interest expense and other | (7,208 | ) |  | (7,343 | ) |  | (20,451 | ) |  | (19,972 | )
Total Income before Income Taxes |  | $3,779 |  |  |  | $39,035 |  |  |  | $60,449 |  |  |  | $135,125 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
DEPRECIATION, DEPLETION AND AMORTIZATION | 2019 |  | 2018 |  | 2019 |  | 2018
Southern Timber |  | $13,025 |  |  |  | $13,672 |  |  |  | $45,633 |  |  |  | $44,591 |
Pacific Northwest Timber | 6,299 |  |  | 7,802 |  |  | 19,170 |  |  | 26,687 |
New Zealand Timber | 7,563 |  |  | 7,544 |  |  | 21,071 |  |  | 21,287 |
Real Estate | 668 |  |  | 5,491 |  |  | 5,202 |  |  | 22,296 |
Corporate and Other | 291 |  |  | 297 |  |  | 863 |  |  | 865 |
Total |  | $27,846 |  |  |  | $34,806 |  |  |  | $91,939 |  |  |  | $115,726 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT | 2019 |  | 2018 |  | 2019 |  | 2018
Real Estate |  | $4,339 |  |  |  | $2,115 |  |  |  | $9,985 |  |  |  | $17,051 |
Total |  | $4,339 |  |  |  | $2,115 |  |  |  | $9,985 |  |  |  | $17,051 |

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