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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Inventory Disclosure [Abstract] |
Schedule of Higher and Better Use Timberlands and Real Estate Development Investments | Changes in higher and better use timberlands and real estate development investments from December 31, 2022 to December 31, 2023 are shown below:
| Higher and Better Use Timberlands and Real Estate Development Investments
| Land and Timber |  | Development Investments |  | Total
Non-current portion at December 31, 2022 | $91,374 |  |  | $23,723 |  |  | $115,097 |
Plus: Current portion (a) | 408 |  |  | 17,501 |  |  | 17,909 |
Total Balance at December 31, 2022 | 91,782 |  |  | 41,224 |  |  | 133,006 |
Non-cash cost of land and improved development | (2,122) |  |  | (16,261) |  |  | (18,383) |
Amortization of parcel real estate development investments | — |  |  | (12,628) |  |  | (12,628) |
Timber depletion from harvesting activities and basis of timber sold in real estate sales | (1,732) |  |  | — |  |  | (1,732) |
Capitalized real estate development investments (b) | — |  |  | 30,913 |  |  | 30,913 |
Capital expenditures (silviculture) | 136 |  |  | — |  |  | 136 |
Intersegment transfers | 621 |  |  | — |  |  | 621 |
Total Balance at December 31, 2023 | 88,685 |  |  | 43,248 |  |  | 131,933 |
Less: Current portion (a) | (1,699) |  |  | (24,639) |  |  | (26,338) |
Non-current portion at December 31, 2023 | $86,986 |  |  | $18,609 |  |  | $105,595 |
(a)The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 15 — Inventory for additional information. (b)Capitalized real estate development investments includes $1.0 million of capitalized interest and $7.8 million of parcel real estate development investments. Parcel real estate development investments represent investments made for specific lots and/or commercial parcels that are currently under contract or expected to be ready for market within one year.

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