XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.22.1

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables summarize the segment information for the three months ended March 31, 2022 and 2021:
|  |  | Three Months Ended March 31,
SALES |  |  |  |  | 2022 |  | 2021
Southern Timber |  |  |  |  | $76,763 |  |  | $51,677 |
Pacific Northwest Timber |  |  |  |  | 46,281 |  |  | 41,522 |
New Zealand Timber |  |  |  |  | 51,389 |  |  | 57,579 |
Timber Funds (a) |  |  |  |  | — |  |  | 14,939 |
Real Estate |  |  |  |  | 34,195 |  |  | 10,504 |
Trading |  |  |  |  | 13,461 |  |  | 16,665 |
Intersegment Eliminations (b) |  |  |  |  | (48) |  |  | (1,439) |
Total |  |  |  |  | $222,041 |  |  | $191,447 |
(a)The three months ended March 31, 2021 includes $11.9 million of sales attributable to noncontrolling interests in Timber Funds. (b)Primarily consists of the elimination of timberland investment management fees paid to us by the timber funds, which were initially recognized as sales and cost of sales within the Timber Funds segment, as well as log marketing fees paid to our Trading segment from our Southern Timber and Pacific Northwest Timber segments for marketing log export sales.
|  |  | Three Months Ended March 31,
OPERATING INCOME |  |  |  |  | 2022 |  | 2021
Southern Timber |  |  |  |  | $30,342 |  |  | $17,347 |
Pacific Northwest Timber |  |  |  |  | 6,606 |  |  | 1,350 |
New Zealand Timber |  |  |  |  | 5,392 |  |  | 13,944 |
Timber Funds (a) |  |  |  |  | — |  |  | 1,501 |
Real Estate |  |  |  |  | 10,181 |  |  | 1,687 |
Trading |  |  |  |  | 351 |  |  | 244 |
Corporate and Other |  |  |  |  | (7,554) |  |  | (7,588) |
Total Operating Income |  |  |  |  | 45,318 |  |  | 28,485 |
Unallocated interest expense and other |  |  |  |  | (8,805) |  |  | (10,032) |
Total Income before Income Taxes |  |  |  |  | $36,513 |  |  | $18,453 |
(a)The three months ended March 31, 2021 includes $1.1 million of operating income attributable to noncontrolling interests in Timber Funds.
|  |  | Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION |  |  |  |  | 2022 |  | 2021
Southern Timber |  |  |  |  | $18,059 |  |  | $14,359 |
Pacific Northwest Timber |  |  |  |  | 14,916 |  |  | 16,284 |
New Zealand Timber |  |  |  |  | 4,989 |  |  | 7,250 |
Timber Funds (a) |  |  |  |  | — |  |  | 5,500 |
Real Estate |  |  |  |  | 9,145 |  |  | 1,557 |
Corporate and Other |  |  |  |  | 310 |  |  | 263 |
Total |  |  |  |  | $47,419 |  |  | $45,213 |
(a)The three months ended March 31, 2021 includes $4.9 million of depreciation, depletion and amortization attributable to noncontrolling interests in Timber Funds.
|  |  | Three Months Ended March 31,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT |  |  |  |  | 2022 |  | 2021
Real Estate |  |  |  |  | $5,359 |  |  | $1,813 |
Total |  |  |  |  | $5,359 |  |  | $1,813 |

X
- 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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration