XML 54 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables summarize the segment information for the three months ended March 31, 2024 and 2023:

									Three Months Ended March 31,
SALES															2024						2023
Southern Timber															$69,978						$71,842
Pacific Northwest Timber															25,192						34,419
New Zealand Timber															45,700						44,105
Real Estate															15,564						16,276
Trading															11,774						12,569
Intersegment Eliminations (a)															(111)						(129)
Total															$168,097						$179,082

(a)Primarily consists of 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 (LOSS)															2024						2023
Southern Timber															$23,005						$22,223
Pacific Northwest Timber															(4,360)						(3,543)
New Zealand Timber (a)															7,430						(663)
Real Estate															(128)						883
Trading															41						341
Corporate and Other															(9,778)						(8,619)
Total Operating Income															16,210						10,622
Unallocated interest expense and other (b)															(14,736)						(2,146)
Total Income before Income Taxes															$1,474						$8,476

(a)The three months ended March 31, 2023 includes $2.3 million of timber write-offs resulting from casualty events. Timber write-offs resulting from casualty events are recorded within the Consolidated Statements of Income and Comprehensive Income (Loss) under the caption “Cost of Sales.”

(b)The three months ended March 31, 2024 includes $5.7 million of pension settlement charges and $1.3 million of net costs associated with legal settlements. The three months ended March 31, 2023 includes $9.1 million of net recoveries associated with legal settlements.

									Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION															2024						2023
Southern Timber															$21,795						$20,610
Pacific Northwest Timber															9,075						10,650
New Zealand Timber															4,020						4,455
Real Estate															1,749						1,503
Corporate and Other															444						381
Total															$37,083						$37,599

									Three Months Ended March 31,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT															2024						2023
Real Estate															$2,953						$4,208
Total															$2,953						$4,208

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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ 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