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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 230,118 $ 343,809
Customer receivables, net 21,892 22,813
Inventories, net 78,665 67,958
Other current assets 46,258 36,955
Total current assets 376,933 471,535
Property, plant and equipment, net 372,832 318,184
Investment in real estate held for development and sale 56,321 55,490
Timber and timberlands, net 2,440,398 2,508,372
Intangible assets, net 15,640 17,420
Other long-term assets 169,132 179,554
Total assets 3,431,256 3,550,555
Current    
Accounts payable and accrued liabilities 82,383 94,861
Current portion of long-term debt 175,615 39,979
Current portion of pension and other postretirement employee benefits 4,535 4,926
Total current liabilities 262,533 139,766
Long-term debt 858,113 992,701
Pension and other postretirement employee benefits 67,856 77,396
Deferred tax liabilities, net 36,641 41,790
Other long-term obligations 35,015 35,749
Total liabilities 1,260,158 1,287,402
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, authorized 4,000 shares, no shares issued 0 0
Common stock, $1 par value, 200,000 and 100,000 shares authorized and 79,365 and 79,683 shares issued and outstanding 79,365 79,683
Additional paid-in capital 2,303,992 2,294,797
Accumulated deficit (315,291) (208,979)
Accumulated other comprehensive income 103,032 97,652
Total stockholders’ equity 2,171,098 2,263,153
Total liabilities and stockholders' equity $ 3,431,256 $ 3,550,555