Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

NOTE 4. INVENTORIES

Inventories consist of the following at December 31:

(in thousands)	2022			2021
Logs	$	30,586		$	41,199
Lumber, plywood and veneer		35,888			34,528
Materials and supplies		21,262			17,780
		87,736			93,507
Less: LIFO reserve		(19,778	)		(21,138	)
Total inventories	$	67,958		$	72,369

Inventories valued on the LIFO basis represented 77% and 79% of the total logs, lumber, plywood, and veneer inventory at December 31, 2022 and 2021, respectively. If the LIFO inventory method had not been used, inventory balances would be higher by $19.8 million and $21.1 million at December 31, 2022 and 2021, respectively.