XML 134 R62.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Information (Summary Of Information By Business Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ 203,499 | $ 226,302 | $ 215,581 | $ 181,716 | $ 217,250 | $ 289,199 | $ 268,233 | $ 199,897 | $ 827,098 | $ 974,579 | $ 678,595
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | 178,943 | 297,193 | 195,757
Basis of real estate sold |  |  |  |  |  |  |  |  |  | 20,554 | 16,698 | 6,827
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 70,417 | 70,848 | 28,432
Interest expense, net | [1] |  |  |  |  |  |  |  |  | (30,361) | (35,227) | (27,049)
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  | (5,512) |  |
Non-operating pension and other postretirement employee benefits |  |  |  |  |  |  |  |  |  | (3,739) | (7,648) | (6,384)
Loss on fixed assets |  |  |  |  |  |  |  |  |  | (865) | (725) | (204)
Gain on sale of facility |  |  |  |  |  |  |  |  |  | 9,176 |  |
Deltic merger-related costs | [2] |  |  |  |  |  |  |  |  |  | (22,119) | (3,409)
Environmental charges for Avery Landing |  |  |  |  |  |  |  |  |  |  |  | (4,978)
Income before income taxes |  |  |  |  |  |  |  |  |  | 56,671 | 142,079 | 118,474
Bond discount and deferred loan fees | [1] |  |  |  |  |  |  |  |  | 1,688 | 2,313 | 1,480
Total depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 72,105 | 73,161 | 29,912
Assets |  | 2,235,059 |  |  |  | 2,325,852 |  |  |  | 2,235,059 | 2,325,852 | 953,079
Capital Expenditures |  |  |  |  |  |  |  |  |  | 64,102 | 52,307 | 28,062
Operating Segments [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 941,973 | 1,090,447 | 750,011
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 70,417 | 70,848 | 28,432
Assets |  | 2,141,293 |  |  |  | 2,242,676 |  |  |  | 2,141,293 | 2,242,676 | 824,719
Capital Expenditures |  |  |  |  |  |  |  |  |  | 62,785 | 50,560 | 25,930
Operating Segments [Member] | Timberlands [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 322,693 | 354,950 | 278,199
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | 133,987 | 169,834 | 126,707
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 46,601 | 48,201 | 20,476
Assets | [3] | 1,655,407 |  |  |  | 1,693,162 |  |  |  | 1,655,407 | 1,693,162 | 669,288
Capital Expenditures | [4] |  |  |  |  |  |  |  |  | 17,500 | 17,232 | 15,120
Operating Segments [Member] | Wood Products [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 540,408 | 680,931 | 441,157
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | 12,901 | 130,583 | 80,624
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 22,059 | 21,416 | 7,347
Assets |  | 398,465 |  |  |  | 456,306 |  |  |  | 398,465 | 456,306 | 154,479
Capital Expenditures |  |  |  |  |  |  |  |  |  | 37,232 | 27,341 | 10,723
Operating Segments [Member] | Real Estate Segment [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  | 78,872 | 54,566 | 30,655
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | 62,650 | 40,304 | 25,720
Basis of real estate sold |  |  |  |  |  |  |  |  |  | 20,749 | 16,954 | 7,114
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 678 | 418 | 2
Assets | [5] | 87,421 |  |  |  | 93,208 |  |  |  | 87,421 | 93,208 | 952
Capital Expenditures | [6] |  |  |  |  |  |  |  |  | 8,053 | 5,987 | 87
Intersegment Eliminations [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Revenues | [7],[8] |  |  |  |  |  |  |  |  | (114,875) | (115,868) | (71,416)
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | 5,662 | (5,743) | (2,992)
Basis of real estate sold |  |  |  |  |  |  |  |  |  | (195) | (256) | (287)
Corporate [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Adjusted EBITDDA |  |  |  |  |  |  |  |  |  | (36,257) | (37,785) | (34,302)
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  |  | 1,079 | 813 | 607
Assets |  | $ 93,766 |  |  |  | $ 83,176 |  |  |  | 93,766 | 83,176 | 128,360
Capital Expenditures |  |  |  |  |  |  |  |  |  | $ 1,317 | 1,747 | $ 2,132
Costs of Goods Sold [Member] |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Inventory purchase price adjustment in cost of goods sold | [9] |  |  |  |  |  |  |  |  |  | $ (1,849) |
[1] | Bond discounts and deferred loan fees are reported within interest expense on the Consolidated Statements of Income
[2] | For integration and restructuring costs related to the merger with Deltic see Note 2: Merger with Deltic.
[3] | We do not report rural real estate separate from Timberlands as we do not report these assets separately to management.
[4] | Does not include the acquisition of timber and timberlands, all of which were acquired by the Timberlands segment.
[5] | Real Estate assets primarily consist of real estate development acquired with the Deltic merger.
[6] | Real Estate capital expenditures include development expenditures of $7.3 million, $5.0 million and $0 for the year ended December 31, 2019, 2018 and 2017, respectively.
[7] | Intersegment revenues represent logs sold by our Timberlands segment to our Wood Products segment.
[8] | Intersegment revenues represent logs sold by our Timberlands segment to the Wood Products segment.
[9] | The effect of costs of goods sold for fair value adjustments to the carrying amounts of inventory acquired in business combinations.

X
- Definition Adjusted earnings before interest, tax, depreciation, depletion and amortization. + References No definition available. + Details
Name: | pch_AdjustedEarningsBeforeInterestTaxDepreciationDepletionAndAmortization
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Bond discounts and deferred loan fees. + References No definition available. + Details
Name: | pch_BondDiscountsAndDeferredLoanFees
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Business combination inventory purchase price adjustment. + References No definition available. + Details
Name: | pch_BusinessCombinationInventoryPurchasePriceAdjustment
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Depreciation depletion and amortization excluding bond discount and deferred loan fees. + References No definition available. + Details
Name: | pch_DepreciationDepletionAndAmortizationExcludingBondDiscountAndDeferredLoanFees
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Merger and restructuring costs. + References No definition available. + Details
Name: | pch_MergerAndRestructuringCosts
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Real estate cost of sales. + References No definition available. + Details
Name: | pch_RealEstateCostOfSales
Namespace Prefix: | pch_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The charge against earnings in the period for known or estimated future costs arising from requirements to perform environmental remediation activities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109237650&loc=d3e13064-110858 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13296-110859 + Details
Name: | us-gaap_EnvironmentalRemediationExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_GainLossOnDispositionOfAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnDispositionOfAssets1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net amount of operating interest income (expense). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260 + Details
Name: | us-gaap_InterestIncomeExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireProductiveAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cost (reversal of cost) for pension and other postretirement benefits. + References No definition available. + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pch_TimberlandsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pch_WoodProductsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pch_RealEstateSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |