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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2019
Revenue From Contract With Customer [Abstract] |
Summary of Revenues by Major Product | The following table represents our revenues by major product. We adopted ASC 606, Revenue from Contracts with Customers, on January 1, 2018 using the cumulative effect method. Year ended December 31, 2017 is provided for comparison purposes and was accounted for in accordance with ASC 605, Revenue Recognition. For additional information regarding our revenue recognition policy, see Note 1: Summary of Significant Accounting Policies. For additional information regarding our segments, see Note 5: Segment Information.
|  | Year Ended December 31, |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Timberlands |  |  |  |  |  |  |  |  |  |  |  |
Northern region |  |  |  |  |  |  |  |  |  |  |  |
Sawlogs |  | $ | 161,570 |  |  | $ | 205,977 |  |  | $ | 190,693 |
Pulpwood |  |  | 5,767 |  |  |  | 5,996 |  |  |  | 5,634 |
Stumpage |  |  | 109 |  |  |  | 176 |  |  |  | 153 |
Other |  |  | 1,970 |  |  |  | 1,801 |  |  |  | 1,387 |
Total Northern revenues |  |  | 169,416 |  |  |  | 213,950 |  |  |  | 197,867 |
Southern region |  |  |  |  |  |  |  |  |  |  |  |
Sawlogs |  |  | 88,048 |  |  |  | 81,460 |  |  |  | 40,993 |
Pulpwood |  |  | 53,315 |  |  |  | 48,585 |  |  |  | 34,907 |
Stumpage |  |  | 1,666 |  |  |  | 2,434 |  |  |  | 557 |
Other |  |  | 10,248 |  |  |  | 8,521 |  |  |  | 3,875 |
Total Southern revenues |  |  | 153,277 |  |  |  | 141,000 |  |  |  | 80,332 |
Total Timberlands revenues |  |  | 322,693 |  |  |  | 354,950 |  |  |  | 278,199 |
Wood Products |  |  |  |  |  |  |  |  |  |  |  |
Lumber |  |  | 396,648 |  |  |  | 464,180 |  |  |  | 313,083 |
Residuals and Panels |  |  | 143,760 |  |  |  | 216,751 |  |  |  | 128,074 |
Total Wood Products revenues |  |  | 540,408 |  |  |  | 680,931 |  |  |  | 441,157 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |
Rural real estate |  |  | 49,675 |  |  |  | 36,024 |  |  |  | 30,655 |
Development real estate |  |  | 22,363 |  |  |  | 12,852 |  |  |  | — |
Other1 |  |  | 6,834 |  |  |  | 5,690 |  |  |  | — |
Total Real Estate revenues |  |  | 78,872 |  |  |  | 54,566 |  |  |  | 30,655 |
Total segment revenues |  |  | 941,973 |  |  |  | 1,090,447 |  |  |  | 750,011 |
Intersegment Timberlands revenues2 |  |  | (114,875 | ) |  |  | (115,868 | ) |  |  | (71,416 | )
Total consolidated revenues |  | $ | 827,098 |  |  | $ | 974,579 |  |  | $ | 678,595 |
1 | Other Real Estate revenues primarily relate to the Chenal Country Club.
2 | Intersegment revenues represent logs sold by our Timberlands segment to the Wood Products segment.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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