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Merger with Deltic (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Summary of Unaudited Pro Forma Information | The following summarizes unaudited pro forma information that presents combined amounts as if this merger occurred at the beginning of 2017:
| Year Ended December 31, |
(in thousands, except per share amounts) | 2018 |  |  | 2017 |
Net sales | $ | 1,013,242 |  |  | $ | 920,860 |
Net earnings attributable to PotlatchDeltic common shareholders | $ | 145,685 |  |  | $ | 77,732 |
Basic earnings per share attributable to PotlatchDeltic common shareholders | $ | 2.16 |  |  | $ | 1.15 |
Diluted earnings per share attributable to PotlatchDeltic common shareholders | $ | 2.15 |  |  | $ | 1.15 |
Summary of Estimated Fair Value Measurements of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value measurements of assets acquired and liabilities assumed as of the merger date, including measurement period adjustments identified:
(in thousands) | Preliminary Allocation |  |  | Measurement Period Adjustments |  |  | Final Allocation |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 3,419 |  |  | $ | — |  |  | $ | 3,419 |
Customer receivables |  | 12,709 |  |  |  | — |  |  |  | 12,709 |
Inventories |  | 17,316 |  |  |  | — |  |  |  | 17,316 |
Other current assets |  | 8,276 |  |  |  | (2,991 | ) |  |  | 5,285 |
Real estate held for development and sale |  | 79,000 |  |  |  | 4,000 |  |  |  | 83,000 |
Property, plant and equipment |  | 265,901 |  |  |  | (5,132 | ) |  |  | 260,769 |
Timber and timberlands |  | 1,060,000 |  |  |  | (4,255 | ) |  |  | 1,055,745 |
Mineral rights |  | — |  |  |  | 6,236 |  |  |  | 6,236 |
Trade name and customer relationships intangibles |  | 19,000 |  |  |  | 500 |  |  |  | 19,500 |
Other long-term assets |  | 2,010 |  |  |  | 1,546 |  |  |  | 3,556 |
Total assets acquired |  | 1,467,631 |  |  |  | (96 | ) |  |  | 1,467,535 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | 12,604 |  |  |  | 11 |  |  |  | 12,615 |
Long-term debt |  | 229,968 |  |  |  | 144 |  |  |  | 230,112 |
Pension and other postretirement employee benefits |  | 36,909 |  |  |  | — |  |  |  | 36,909 |
Deferred tax liabilities, net |  | 44,439 |  |  |  | (251 | ) |  |  | 44,188 |
Other long-term liabilities |  | 936 |  |  |  | — |  |  |  | 936 |
Total liabilities assumed |  | 324,856 |  |  |  | (96 | ) |  |  | 324,760 |
Net assets acquired | $ | 1,142,775 |  |  | $ | — |  |  | $ | 1,142,775 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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