Certain Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2022

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)	March 31, 2022			December 31, 2021
Logs	$	32,794		$	41,199
Lumber, panels and veneer		37,539			34,528
Materials and supplies		18,478			17,780
Total inventories		88,811			93,507
Less: LIFO reserve		(21,138	)		(21,138	)
Total inventories, net	$	67,673		$	72,369

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)	March 31, 2022			December 31, 2021
Property, plant and equipment	$	545,163		$	532,324
Less: accumulated depreciation		(247,453	)		(240,004	)
Total property, plant and equipment, net	$	297,710		$	292,320

Schedule of Timber and Timberlands

Timber and timberlands

(in thousands)	March 31, 2022		December 31, 2021
Timber and timberlands	$	1,586,628	$	1,597,011
Logging roads		84,702		85,660
Total timber and timberlands, net	$	1,671,330	$	1,682,671

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)	March 31, 2022		December 31, 2021
Income taxes payable	$	35,421	$	1,134
Accrued payroll and benefits		19,084		28,944
Accounts payable		10,419		12,749
Deferred revenue1		9,671		8,392
Other accrued taxes		7,310		5,714
Accrued interest		4,468		6,046
Other current liabilities		15,216		15,230
Total accounts payable and accrued liabilities	$	101,589	$	78,209

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 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 country club initiation fees which are recognized over the average life of club membership.