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Certain Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)		September 30, 2024				December 31, 2023
Logs		$	34,745			$	39,011
Lumber, panels and veneer			35,547				34,621
Materials and supplies			28,282				23,713
Total inventories			98,574				97,345
Less: LIFO reserve			(18,680	)			(18,680	)
Total inventories, net		$	79,894			$	78,665

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)		September 30, 2024				December 31, 2023
Property, plant and equipment		$	692,163			$	681,914
Less: accumulated depreciation			(296,255	)			(309,082	)
Total property, plant and equipment, net		$	395,908			$	372,832

Schedule of Timber and Timberlands

Timber and timberlands

(in thousands)		September 30, 2024				December 31, 2023
Timber and timberlands		$	2,281,659			$	2,347,300
Logging roads			93,498				93,098
Total timber and timberlands, net		$	2,375,157			$	2,440,398

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)		September 30, 2024				December 31, 2023
Accrued payroll and benefits		$	20,770			$	24,473
Accounts payable			18,527				12,521
Deferred revenue1			14,084				10,455
Accrued interest			6,625				8,344
Accrued taxes			6,375				5,712
Other current liabilities			23,909				20,878
Total accounts payable and accrued liabilities		$	90,290			$	82,383

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

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- Definition

Timber and timberlands.

+ References

No definition available.

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
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