XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2021
Leases [Abstract] |
Leases | NOTE 10. LEASES We lease certain equipment, office space and land. Lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The following table presents supplemental balance sheet information related to lease assets and liabilities:
(in thousands) | Classification |  | June 30, 2021 |  |  | December 31, 2020 |
Assets |  |  |  |  |  |  |  |  |
Operating lease assets | Other long-term assets |  | $ | 8,854 |  |  | $ | 11,081 |
Finance lease assets1 | Property, plant and equipment, net |  |  | 9,077 |  |  |  | 7,206 |
Total lease assets |  |  | $ | 17,931 |  |  | $ | 18,287 |
Liabilities |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |
Operating lease liabilities | Accounts payable and accrued liabilities |  | $ | 3,437 |  |  | $ | 4,304 |
Finance lease liabilities | Accounts payable and accrued liabilities |  |  | 2,861 |  |  |  | 2,202 |
Noncurrent: |  |  |  |  |  |  |  |  |
Operating lease liabilities | Other long-term obligations |  |  | 5,475 |  |  |  | 6,835 |
Finance lease liabilities | Other long-term obligations |  |  | 6,140 |  |  |  | 4,914 |
Total lease liabilities |  |  | $ | 17,913 |  |  | $ | 18,255 |
1 | Finance lease assets are presented net of accumulated amortization of $2.9 million and $1.7 million as of June 30, 2021 and December 31, 2020, respectively.
The following table presents the components of lease expense:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating lease costs1 |  | $ | 1,285 |  |  | $ | 1,414 |  |  | $ | 2,613 |  |  | $ | 2,839 |
Finance lease costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 633 |  |  | 260 |  |  |  | 1,222 |  |  | 473 |
Interest on lease liabilities |  |  | 51 |  |  | 32 |  |  |  | 102 |  |  | 59 |
Net lease costs |  | $ | 1,969 |  |  | $ | 1,706 |  |  | $ | 3,937 |  |  | $ | 3,371 |
1 | Excludes short-term leases and variable lease costs, which are immaterial.
The following table presents supplemental cash flow information related to leases:
|  |  | Six Months Ended June 30, |
(in thousands) |  |  | 2021 |  |  | 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 2,590 |  |  | $ | 2,884 |
Operating cash flows for finance leases |  | $ | 102 |  |  | $ | 59 |
Financing cash flows for finance leases |  | $ | 1,208 |  |  | $ | 489 |
Leased assets exchanged for new lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | $ | 213 |  |  | $ | 248 |
Finance leases |  | $ | 3,093 |  |  | $ | 2,558 |

X
- Definition Lessee operating and finance leases. + References No definition available. + Details
Name: | pch_LesseeOperatingAndFinanceLeasesTextBlock
Namespace Prefix: | pch_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration