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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 331,225 $ 343,809
Customer receivables, net 32,903 22,813
Inventories, net 70,663 67,958
Other current assets 57,877 36,955
Total current assets 492,668 471,535
Property, plant and equipment, net 306,978 318,184
Investment in real estate held for development and sale 55,059 55,490
Timber and timberlands, net 2,476,054 2,508,372
Intangible assets, net 16,530 17,420
Other long-term assets 175,062 179,554
Total assets 3,522,351 3,550,555
Current liabilities:    
Accounts payable and accrued liabilities 96,093 94,861
Current portion of long-term debt 39,990 39,979
Current portion of pension and other postretirement employee benefits 4,926 4,926
Total current liabilities 141,009 139,766
Long-term debt 993,275 992,701
Pension and other postretirement employee benefits 78,666 77,396
Deferred tax liabilities, net 39,624 41,790
Other long-term obligations 36,608 35,749
Total liabilities 1,289,182 1,287,402
Commitments and contingencies
Stockholders' equity:    
Preferred stock, authorized 4,000 shares, no shares issued
Common stock, $1 par value, 200,000 and 100,000 shares authorized, and 79,911 and 79,683 shares issued and outstanding 79,911 79,683
Additional paid-in capital 2,298,593 2,294,797
Accumulated deficit (242,896) (208,979)
Accumulated other comprehensive income 97,561 97,652
Total stockholders’ equity 2,233,169 2,263,153
Total liabilities and stockholders' equity $ 3,522,351 $ 3,550,555