Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2020

The following table represents our revenues by major product. For additional information regarding our segments, see Note 5: Segment Information.

	Three Months Ended March 31,
(in thousands)	2020			2019
Timberlands
Northern region
Sawlogs	$	41,407		$	32,499
Pulpwood		1,435			2,061
Stumpage		316			106
Other		303			211
Total Northern revenues		43,461			34,877

Southern region
Sawlogs		23,939			18,437
Pulpwood		11,201			11,811
Stumpage		829			322
Other		2,995			2,711
Total Southern revenues		38,964			33,281

Total Timberlands revenues		82,425			68,158

Wood Products
Lumber		111,939			90,505
Residuals and Panels		33,061			41,801
Total Wood Products revenues		145,000			132,306

Real Estate
Rural real estate		7,292			4,219
Development real estate		2,292			673
Other		1,385			1,272
Total Real Estate revenues		10,969			6,164

Total Segment Revenues		238,394			206,628
Intersegment Timberlands revenues¹		(29,514	)		(24,912	)
Total consolidated revenues	$	208,880		$	181,716

¹	Intersegment revenues represent logs sold by our Timberlands segment to our Wood Products segment.