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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue From Contract With Customer [Abstract] |
Summary of Revenues by Major Product | The following table represents our revenues by major product. For additional information regarding our segments, see Note 6: Segment Information.
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Timberlands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Northern region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sawlogs | $ | 53,152 |  |  | $ | 69,658 |  |  | $ | 116,118 |  |  | $ | 168,869 |
Pulpwood |  | 1,489 |  |  |  | 1,575 |  |  |  | 4,698 |  |  |  | 4,654 |
Stumpage |  | 3 |  |  |  | 39 |  |  |  | 109 |  |  |  | 175 |
Other |  | 1,085 |  |  |  | 765 |  |  |  | 1,649 |  |  |  | 1,233 |
|  | 55,729 |  |  |  | 72,037 |  |  |  | 122,574 |  |  |  | 174,931 |
Southern region |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sawlogs |  | 24,053 |  |  |  | 21,974 |  |  |  | 63,469 |  |  |  | 61,194 |
Pulpwood |  | 15,754 |  |  |  | 13,700 |  |  |  | 38,847 |  |  |  | 36,138 |
Stumpage |  | 767 |  |  |  | 653 |  |  |  | 1,233 |  |  |  | 2,106 |
Other |  | 2,506 |  |  |  | 3,057 |  |  |  | 7,725 |  |  |  | 6,069 |
|  | 43,080 |  |  |  | 39,384 |  |  |  | 111,274 |  |  |  | 105,507 |
Total Timberlands revenues |  | 98,809 |  |  |  | 111,421 |  |  |  | 233,848 |  |  |  | 280,438 |
Wood Products |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lumber |  | 108,364 |  |  |  | 138,281 |  |  |  | 301,923 |  |  |  | 367,062 |
Residuals and Panels |  | 35,279 |  |  |  | 60,744 |  |  |  | 112,056 |  |  |  | 165,363 |
Total Wood Products revenues |  | 143,643 |  |  |  | 199,025 |  |  |  | 413,979 |  |  |  | 532,425 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rural real estate |  | 9,689 |  |  |  | 8,238 |  |  |  | 44,223 |  |  |  | 29,740 |
Development real estate |  | 7,674 |  |  |  | 1,287 |  |  |  | 12,102 |  |  |  | 4,249 |
Other1 |  | 1,500 |  |  |  | 1,708 |  |  |  | 5,134 |  |  |  | 4,230 |
Total Real Estate revenues |  | 18,863 |  |  |  | 11,233 |  |  |  | 61,459 |  |  |  | 38,219 |
Total Segment Revenues |  | 261,315 |  |  |  | 321,679 |  |  |  | 709,286 |  |  |  | 851,082 |
Intersegment Timberlands revenues2 |  | (35,013 | ) |  |  | (32,480 | ) |  |  | (85,687 | ) |  |  | (93,753 | )
Total consolidated revenues | $ | 226,302 |  |  | $ | 289,199 |  |  | $ | 623,599 |  |  | $ | 757,329 |
1 | Other Real Estate revenues primarily relate to the Chenal Country Club.
2 | Intersegment revenues represent logs sold by our Timberlands segment to our Wood Products segment.

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