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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of Information by Business Segment

		Three Months Ended June 30,										Six Months Ended June 30,
(in thousands)		2020				2019						2020						2019
Revenues:
Timberlands		$	67,345			$	66,881					$	149,770					$	135,039
Wood Products			126,216				138,030						271,216						270,336
Real Estate			13,105				36,432						24,074						42,596
			206,666				241,343						445,060						447,971
Intersegment Timberlands revenues1			(25,111	)			(25,762	)					(54,625	)					(50,674	)
Consolidated revenues		$	181,555			$	215,581					$	390,435					$	397,297
Adjusted EBITDDA:
Timberlands		$	25,659			$	26,131					$	60,641					$	52,981
Wood Products			10,907				(2,071	)					24,136						5,155
Real Estate			9,256				31,316						16,596						34,019
Corporate			(10,534	)			(9,346	)					(19,206	)					(20,000	)
Eliminations and adjustments			85				3,050						777						5,177
Total Adjusted EBITDDA			35,373				49,080						82,944						77,332
Interest expense, net2			(8,339	)			(7,882	)					(12,037	)					(13,346	)
Depreciation, depletion and amortization			(17,765	)			(16,727	)					(36,403	)					(32,524	)
Basis of real estate sold			(2,693	)			(7,427	)					(9,191	)					(8,983	)
Loss on extinguishment of debt			—				—						—						(5,512	)
Pension settlement charge			—				—						(42,988	)					—
Non-operating pension and other postretirement employee benefits			(3,478	)			(889	)					(7,113	)					(1,869	)
Gain on sale of facility			—				—						—						9,176
(Loss) gain on disposal of fixed assets			(7	)			30						185						62
Income (loss) before income taxes		$	3,091			$	16,185					$	(24,603	)				$	24,336
Depreciation, depletion and amortization:
Timberlands		$	11,566			$	10,469					$	24,157					$	20,734
Wood Products			5,798				5,861						11,428						10,903
Real Estate			156				147						316						356
Corporate			245				250						502						531
			17,765				16,727						36,403						32,524
Bond discounts and deferred loan fees2			406				410						812						887
Total depreciation, depletion and amortization		$	18,171			$	17,137					$	37,215					$	33,411
Basis of real estate sold:
Real Estate		$	3,212			$	7,455					$	9,716					$	9,043
Eliminations and adjustments			(519	)			(28	)					(525	)					(60	)
Total basis of real estate sold		$	2,693			$	7,427					$	9,191					$	8,983

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

² Bond discounts and deferred loan fees are reported within interest expense, net on the Condensed Consolidated Statements of Operations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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