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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Operating Lease Maturities The following table details our undiscounted lease obligations as of December 31, 2023 by type of lease and year of expiration:
Year of Expiration
Lease obligationsTotal20242025202620272028Thereafter
Operating lease liabilities$195,999 $9,653 $8,725 $7,955 $7,761 $7,439 $154,466 
Total Undiscounted Cash Flows$195,999 $9,653 $8,725 $7,955 $7,761 $7,439 $154,466 
Imputed interest(100,219)
Balance at December 31, 2023
$95,780 
Less: Current portion(8,096)
Non-current portion at December 31, 2023
$87,684 
Schedule of Lease Cost
The following table details components of our lease cost for the years ended December 31, 2023, 2022, and 2021:
Year Ended December 31,
Lease Cost Components202320222021
Operating lease cost$9,694 $9,332 $10,166 
Variable lease cost (a)535 757 196 
Total lease cost (b)$10,229 $10,089 $10,362 
(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 year ended December 31, 2023.
The following table details components of our lease cost for the years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,
Supplemental Cash Flow Information Related to Leases:202320222021
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases$2,841 $2,571 $2,389 
     Investing cash flows from operating leases6,853 6,761 7,777 
Total cash flows from operating leases$9,694 $9,332 $10,166 
Weighted-average remaining lease term in years - operating leases303029
Weighted-average discount rate - operating leases6 %5 %5 %
Schedule of Lease, Practical Expedient
We apply the following practical expedients as allowed under ASC 842:
Practical ExpedientDescription
Short-term leasesWe do not record right-of-use assets or 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 componentsWe do 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.