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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
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) |  | 2023 |  |  | 2022 |  |  | 2021 |
Cash and cash equivalents |  | $ | 230,118 |  |  | $ | 343,809 |  |  | $ | 296,151 |
Restricted cash included in other long-term assets 1 |  |  | 7,570 |  |  |  | 1,782 |  |  |  | 621 |
Total cash, cash equivalents, and restricted cash |  | $ | 237,688 |  |  | $ | 345,591 |  |  | $ | 296,772 |
1 | Consists of proceeds held by a qualified intermediary that were or are intended to be reinvested in timberlands.
Supplemental Disclosures to Consolidated Statements of Cash Flows | The following presents supplemental disclosur es to the Consolidated Statements of Cash Flows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
NONCASH INVESTING AND FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Accrued property, plant and equipment additions |  | $ | 1,505 |  |  | $ | 569 |  |  | $ | 1,521 |
Accrued timberlands reforestation and roads |  | $ | 1,667 |  |  | $ | 1,142 |  |  | $ | 1,190 |
Equity issued as consideration in the CatchMark merger |  | $ | — |  |  | $ | 508,314 |  |  | $ | — |
Long-term debt and other liabilities assumed with CatchMark merger |  | $ | — |  |  | $ | 323,102 |  |  | $ | — |
Equity issued as consideration in the Loutre merger |  | $ | — |  |  | $ | — |  |  | $ | 100,930 |
Long-term debt assumed with Loutre merger |  | $ | — |  |  | $ | — |  |  | $ | 6,366 |
CASH FLOW INFORMATION |  |  |  |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |  |  |  |
Interest, net of amounts capitalized 1 |  | $ | 12,691 |  |  | $ | 26,254 |  |  | $ | 27,934 |
Income taxes, net |  | $ | 18,428 |  |  | $ | 70,000 |  |  | $ | 98,670 |
1 | Cash paid for interest is net of proceeds from interest rate swaps and interest income. Net of cash received for interest income totaled $13.6 million, $3.9 million and $0.1 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Summary of Estimated Annual Amortization Expense | Estimated annual amortization expense for each of the next five years is as follows:
(in thousands) |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |
Estimated amortization expense 1 |  | $ | 1,779 |  |  | $ | 1,488 |  |  | $ | 780 |  |  | $ | 780 |  |  | $ | 159 |
1 | These amounts could vary if acquisitions of additional intangible assets occur in the future.

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