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LEASES (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Operating Lease Maturities | The following table details the Company’s undiscounted lease obligations as of September 30, 2019 by type of lease and year of expiration:
|  |  |  | Year of Expiration
Lease obligations |  | Total |  | Remaining 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
Operating lease liabilities |  |  | $185,166 |  |  |  | $4,164 |  |  |  | $9,595 |  |  |  | $8,869 |  |  |  | $8,020 |  |  |  | $7,991 |  |  |  | $146,527 |
Total Undiscounted Cash Flows |  |  | $185,166 |  |  |  | $4,164 |  |  |  | $9,595 |  |  |  | $8,869 |  |  |  | $8,020 |  |  |  | $7,991 |  |  |  | $146,527 |
Imputed interest |  | (87,239 | ) |  |  |  |  |  |  |  |  |  |  |  |
Balance at September 30, 2019 |  | 97,927 |  |  |  |  |  |  |  |  |  |  |  |  |
Less: Current portion |  | (9,540 | ) |  |  |  |  |  |  |  |  |  |  |  |
Non-current portion at September 30, 2019 |  |  | $88,387 |  |  |  |  |  |  |  |  |  |  |  |  |
Lease Cost | The following table details components of the Company’s lease cost for the three and nine months ended September 30, 2019:
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Lease Cost Components |  |  | 2019 |  | 2019
Operating lease cost |  |  |  | $1,959 |  |  |  | $6,791 |
Variable lease cost (a) |  |  | 54 |  |  | 211 |
Total lease cost (b) |  |  |  | $2,013 |  |  |  | $7,002 |
(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) | Short-term leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for these leases are expensed on a straight line basis over the lease term. Short-term lease expense was not material for the three and nine months ended September 30,2019.
The following table details components of the Company’s lease cost for the nine months ended September 30, 2019:
|  |  | Nine Months Ended September 30,
Supplemental cash flow information related to leases: |  |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases |  |  |  | $2,152 |
Investing cash flows from operating leases |  |  | 4,639 |
Total cash flows from operating leases |  |  |  | $6,791 |
Weighted-average remaining lease term in years - operating leases |  |  | 28 |
Weighted-average discount rate - operating leases |  |  | 5 | %
The Company applied the following practical expedients upon adoption of the the new standard as allowed under ASC 842:
Practical Expedient |  | Description
Short-term leases |  | The Company does not record right-of-use assets or lease liabilities for short-term leases (a lease that at commencement date has a lease term of 12 months or less and does not contain a purchase option that is reasonably certain to be exercised).
Separation of lease and non-lease components |  | The Company does not separate non-lease components from the associated lease components if they have the same timing and pattern of transfer and, if accounted for separately, would both be classified as an operating lease.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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