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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Reconciliation of Cash, Cash Equivalents, and Restricted Cash | The following provides a reconciliation of cash, cash equivalents, and restricted cash at December 31:
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Cash and cash equivalents |  | $ | 343,809 |  |  | $ | 296,151 |  |  | $ | 252,340 |
Restricted cash included in other long-term assets 1 |  |  | 1,782 |  |  |  | 621 |  |  |  | — |
Total cash, cash equivalents, and restricted cash |  | $ | 345,591 |  |  | $ | 296,772 |  |  | $ | 252,340 |
1 | Consists of proceeds held by a qualified intermediary that are intended to be reinvested in timberlands.
Supplemental Disclosures to Consolidated Statements of Cash Flows | The following presents supplemental disclosures to the Consolidated Statements of Cash Flows:
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
NONCASH INVESTING AND FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Accrued property, plant and equipment additions |  | $ | 569 |  |  | $ | 1,521 |  |  | $ | 1,142 |
Accrued timberlands reforestation and roads |  | $ | 1,142 |  |  | $ | 1,190 |  |  | $ | 697 |
Equity issued as consideration in the CatchMark merger |  | $ | 508,314 |  |  | $ | — |  |  | $ | — |
Long-term debt and other liabilities assumed in the CatchMark merger |  | $ | 323,102 |  |  | $ | — |  |  | $ | — |
Equity issued as consideration in the Loutre merger |  | $ | — |  |  | $ | 100,930 |  |  | $ | — |
Long-term debt assumed in the Loutre merger |  | $ | — |  |  | $ | 6,366 |  |  | $ | — |
CASH FLOW INFORMATION |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |
Interest, net of amounts capitalized 1 |  | $ | 26,254 |  |  | $ | 27,934 |  |  | $ | 28,518 |
Income taxes, net |  | $ | 70,000 |  |  | $ | 98,670 |  |  | $ | 25,790 |
1 | Net of cash received for interest income of $3.9 million, $0.1 million and $0.3 million for the year ended December 31, 2022, 2021 and 2020, respectively.
Summary of Estimated Annual Amortization Expense | Estimated annual amortization expense for each of the next five years is as follows:
(in thousands) |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |
Estimated amortization expense 1 |  | $ | 1,779 |  |  | $ | 1,779 |  |  | $ | 1,488 |  |  | $ | 780 |  |  | $ | 780 |
1 | These amounts could vary if acquisitions of additional intangible assets occur in the future.

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