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v3.24.2.u1

Segment Information (Summary of Information by Business Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | $ 103,173 |  | $ 45,445 |  | $ 132,895 |  | $ 103,222 |
Interest expense, net | (8,696) | [1] | (7,613) | [1] | (8,414) | [2] | (7,812) | [2]
Depreciation, depletion and amortization | (29,268) |  | (27,087) |  | (59,663) |  | (58,851) |
Basis of real estate sold | (56,525) |  | (4,884) |  | (60,617) |  | (15,515) |
CatchMark merger-related expenses | 0 |  | (244) |  | 0 |  | (2,453) |
Gain (loss) on fire damage | 0 |  | 23,110 |  | 0 |  | 23,110 |
Non-operating pension and other postretirement employee benefits | 201 |  | (229) |  | 402 |  | (457) |
Gain (loss) on disposal of fixed assets | 66 |  | (21) |  | 71 |  | (21) |
Other | (23) |  | 258 |  | (168) |  | 268 |
Income before income taxes | 8,928 |  | 28,735 |  | 4,506 |  | 41,491 |
Bond discounts and deferred loan fees | 406 | [1] | 409 | [1] | 813 | [2] | 818 | [2]
Total depreciation, depletion and amortization | 29,674 |  | 27,496 |  | 60,476 |  | 59,669 |
Operating Segments [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 29,268 |  | 27,087 |  | 59,663 |  | 58,851 |
Operating Segments [Member] | Timberlands [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | 34,124 |  | 29,316 |  | 68,872 |  | 75,955 |
Depreciation, depletion and amortization | 16,790 |  | 15,895 |  | 34,415 |  | 36,356 |
Operating Segments [Member] | Wood Products [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | (6,805) |  | 11,967 |  | (6,944) |  | 11,936 |
Depreciation, depletion and amortization | 12,227 |  | 10,948 |  | 24,743 |  | 21,983 |
Operating Segments [Member] | Real Estate Segment [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | 89,568 |  | 12,237 |  | 95,796 |  | 31,702 |
Depreciation, depletion and amortization | 136 |  | 121 |  | 274 |  | 277 |
Basis of real estate sold | 56,528 |  | 4,887 |  | 60,622 |  | 15,518 |
Corporate [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | (11,756) |  | (10,521) |  | (24,421) |  | (21,262) |
Depreciation, depletion and amortization | 115 |  | 123 |  | 231 |  | 235 |
Intersegment Eliminations [Member] |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |
Adjusted EBITDDA | (1,958) |  | 2,446 |  | (408) |  | 4,891 |
Basis of real estate sold | $ (3) |  | $ (3) |  | $ (5) |  | $ (3) |
[1] | Bond discounts and deferred loan fees are reported within interest expense, net on the Condensed Consolidated Statements of Operations.
[2] | Intersegment revenues represent logs sold by our Timberlands segment to our Wood Products segment.

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