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Certain Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2021

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)		June 30, 2021				December 31, 2020
Logs		$	32,379			$	31,210
Lumber, panels and veneer			42,595				34,136
Materials and supplies			16,349				14,939
Total inventories			91,323				80,285
Less: LIFO reserve			(18,249	)			(18,249	)
Total inventories, net		$	73,074			$	62,036

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)		June 30, 2021				December 31, 2020
Property, plant and equipment		$	523,105			$	517,711
Less: accumulated depreciation			(231,555	)			(229,167	)
Total property, plant and equipment, net		$	291,550			$	288,544

Schedule of Timber and Timberlands

(in thousands)		June 30, 2021				December 31, 2020
Timber and timberlands		$	1,498,413			$	1,516,788
Logging roads			82,414				83,273
Total timber and timberlands, net		$	1,580,827			$	1,600,061

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)		June 30, 2021				December 31, 2020
Accrued payroll and benefits		$	23,480			$	29,675
Accounts payable			21,272				9,724
Deferred revenue1			13,678				8,789
Accrued interest			6,403				6,485
Income taxes payable			4,493				14,755
Operating lease liabilities			3,437				4,304
Other accrued taxes			7,385				6,025
Other current liabilities			17,314				13,522
Total accounts payable and accrued liabilities		$	97,462			$	93,279

¹ Deferred revenue predominately relates to hunting and other access rights on our timberlands, payments received for lumber shipments where control of goods have not transferred, member related activities at an owned country club and certain post-close obligations for real estate sales.  These contract liabilities are recognized over the term of the contracts, which is typically twelve months or less, except for initiation fees which are recognized over the average life of club membership.

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Timber and timberlands.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
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-Topic 360
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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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