Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021		2020
Cash and cash equivalents	$	343,809	$	296,151	$	252,340
Restricted cash included in other long-term assets1		1,782		621		—
Total cash, cash equivalents, and restricted cash	$	345,591	$	296,772	$	252,340

1 Consists of proceeds held by a qualified intermediary that are intended to be reinvested in timberlands.

Supplemental Disclosures to Consolidated Statements of Cash Flows

The following presents supplemental disclosures to the Consolidated Statements of Cash Flows:

	Year Ended December 31,
(in thousands)	2022		2021		2020
NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued property, plant and equipment additions	$	569	$	1,521	$	1,142
Accrued timberlands reforestation and roads	$	1,142	$	1,190	$	697
Equity issued as consideration in the CatchMark merger	$	508,314	$	—	$	—
Long-term debt and other liabilities assumed in the CatchMark merger	$	323,102	$	—	$	—
Equity issued as consideration in the Loutre merger	$	—	$	100,930	$	—
Long-term debt assumed in the Loutre merger	$	—	$	6,366	$	—
CASH FLOW INFORMATION
Cash paid during the year for:
Interest, net of amounts capitalized1	$	26,254	$	27,934	$	28,518
Income taxes, net	$	70,000	$	98,670	$	25,790

1 Net of cash received for interest income of $3.9 million, $0.1 million and $0.3 million for the year ended December 31, 2022, 2021 and 2020, respectively.

Summary of Estimated Annual Amortization Expense

Estimated annual amortization expense for each of the next five years is as follows:

(in thousands)	2023		2024		2025		2026		2027
Estimated amortization expense1	$	1,779	$	1,779	$	1,488	$	780	$	780

1 These amounts could vary if acquisitions of additional intangible assets occur in the future.