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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Real Estate [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, 2024 to June 30, 2025 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, 2024 | $86,832 |  |  | $22,778 |  |  | $109,610 |
Plus: Current portion (a) | 1,402 |  |  | 28,206 |  |  | 29,608 |
Total Balance at December 31, 2024 | 88,234 |  |  | 50,984 |  |  | 139,218 |
Non-cash cost of land and improved development | (386) |  |  | (6,739) |  |  | (7,125) |
Amortization of parcel real estate development investments | — |  |  | (2,697) |  |  | (2,697) |
Timber depletion from harvesting activities and basis of timber sold in real estate sales | (843) |  |  | — |  |  | (843) |
Capitalized real estate development investments (b) | — |  |  | 10,701 |  |  | 10,701 |
Capital expenditures (silviculture) | 78 |  |  | — |  |  | 78 |
Intersegment transfers | 9,316 |  |  | — |  |  | 9,316 |
Total Balance at June 30, 2025 | 96,399 |  |  | 52,249 |  |  | 148,648 |
Less: Current portion (a) | (2,753) |  |  | (30,679) |  |  | (33,432) |
Non-current portion at June 30, 2025 | $93,646 |  |  | $21,570 |  |  | $115,216 |
(a)The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 14 — Inventory for additional information. (b)Capitalized real estate development investments include $0.4 million of capitalized interest and $2.5 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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