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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

Year

Summary

Compen-

sation

Table

Total for

First PEO

(1)

($)

Summary

Compen-

sation

Table

Total for

Second PEO

(1)

($)

Compen-

sation

Actually

Paid to

First PEO

(1), (2),

(3)

($)

Compen-

sation

Actually

Paid to

Second PPO

(1), (2),

(3)

($)

 

Average

Summary

Compen-

sation

Table

Total for

Non-PEO

NEOs (1)

($)

Average

Compen-

sation

Actually

Paid to

Non-PEO

NEOs

(1),(2),

(3)

($)

Value of Initial

Fixed $100

Investment

Based on: (4)

Net

Income

($ Millions)

FFO

(5)

($ Millions)

TSR

($)

Peer

Group

TSR

($)

 

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

(k)

2023

6,508,953

5,989,879

1,215,964

813,185

140.74

113.35

35

188

 

2022

 

5,532,534

3,702,409

1,490,192

1,057,653

124.77

99.67

334

468

 

2021

5,690,852

6,965,292

1,479,821

1,625,874

156.00

131.78

424

528

 

2020

6,838,249

9,713,519

1,735,782

2,345,324

119.32

92.00

167

302

 

(1) Michael J. Covey was our PEO for 2020. Eric J. Cremers was our PEO for 2021, 2022 and 2023. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

2020

2021

2022

2023

Jerald W. Richards

Jerald W. Richards

Jerald W. Richards

Jerald W. Richards

 Eric J. Cremers

Ashlee Townsend Cribb

Ashlee Townsend Cribb

Wayne Wasechek

Thomas J. Temple

Thomas J. Temple

Michele L. Tyler

Ashlee Townsend Cribb

Michele L. Tyler

Michele L. Tyler

Darin R. Ball

Michele L. Tyler

Darin R. Ball

Darin R. Ball

(2) The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the company’s named executive officers during the applicable year. These amounts reflect the Summary Compensation Table Total with certain adjustments. Adjustments for 2023 are described in footnote 3 below.

 

(3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs, which are set forth below for 2023. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

 

Year

Summary

Compensation

Table Total for

Eric J. Cremers

($)

 

Exclusion of

Change in

Pension Value

for Eric J.

Cremers

($)

Exclusion of

Stock Awards

for Eric J. Cremers

($)

Inclusion of

Pension

Service Cost

for Eric J.

Cremers

($)

Inclusion of

Equity Values

for Eric J.

Cremers

($)

Compensation Actually Paid

to Eric J.

Cremers

($)

 

2023

6,508,953

(1,267,426)

(3,112,639)

264,257

3,596,734

5,989,879

 

Year

Average

Summary

Compensation

Table Total for

Non-PEO NEOs

($)

Average Exclusion of

Change in

Pension Value

for Non-PEO

NEOs

($)

Average Exclusion of

Stock Awards

for Non-PEO

NEOs

($)

Average

Inclusion of

Pension

Service Cost

for Non-PEO

NEOs

($)

Average

Inclusion of

Equity Values

for Non-PEO

NEOs

($)

Average

Compensation

Actually Paid

to Non-PEO

NEOs

($)

 

2023

1,215,964

(59,538)

(594,100)

12,902

237,957

813,185

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Eric J. Cremers
($)

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Eric J. Cremers
($)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Eric J. Cremers
($)

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Eric J. Cremers
($)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Eric J. Cremers
($)

Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Included for Eric J. Cremers
($)

Total - Inclusion of
Equity Values for Eric J. Cremers
($)

2023

3,290,709

35,535

270,490

3,596,734

 

 

Year

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

Average Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Included for Non-PEO NEOs
($)

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

2023

430,525

32,780

24,008

(249,356)

237,957

 

(4) The Peer Group TSR set forth in this table utilizes the NAREIT Equity Index, which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the NAREIT Equity Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

(5) We determined FFO to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2023. For a description of how FFO is calculated from our audited financial statements, see Compensation Discussion and Analysis - 2023 Annual Cash Incentive Awards - 2023 Financial Performance Metrics and Results” above. This performance measure may not have been the most important financial performance measure in prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

     
Company Selected Measure Name FFO      
Named Executive Officers, Footnote Michael J. Covey was our PEO for 2020. Eric J. Cremers was our PEO for 2021, 2022 and 2023. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

2020

2021

2022

2023

Jerald W. Richards

Jerald W. Richards

Jerald W. Richards

Jerald W. Richards

 Eric J. Cremers

Ashlee Townsend Cribb

Ashlee Townsend Cribb

Wayne Wasechek

Thomas J. Temple

Thomas J. Temple

Michele L. Tyler

Ashlee Townsend Cribb

Michele L. Tyler

Michele L. Tyler

Darin R. Ball

Michele L. Tyler

Darin R. Ball

Darin R. Ball

     
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the NAREIT Equity Index, which we also utilized in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the NAREIT Equity Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.      
Adjustment To PEO Compensation, Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs, which are set forth below for 2023. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

 

Year

Summary

Compensation

Table Total for

Eric J. Cremers

($)

 

Exclusion of

Change in

Pension Value

for Eric J.

Cremers

($)

Exclusion of

Stock Awards

for Eric J. Cremers

($)

Inclusion of

Pension

Service Cost

for Eric J.

Cremers

($)

Inclusion of

Equity Values

for Eric J.

Cremers

($)

Compensation Actually Paid

to Eric J.

Cremers

($)

 

2023

6,508,953

(1,267,426)

(3,112,639)

264,257

3,596,734

5,989,879

Year

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Eric J. Cremers
($)

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Eric J. Cremers
($)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Eric J. Cremers
($)

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Eric J. Cremers
($)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Eric J. Cremers
($)

Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Included for Eric J. Cremers
($)

Total - Inclusion of
Equity Values for Eric J. Cremers
($)

2023

3,290,709

35,535

270,490

3,596,734

     
Non-PEO NEO Average Total Compensation Amount $ 1,215,964 $ 1,490,192 $ 1,479,821 $ 1,735,782
Non-PEO NEO Average Compensation Actually Paid Amount $ 813,185 1,057,653 1,625,874 2,345,324
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs, which are set forth below for 2023. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

Year

Average

Summary

Compensation

Table Total for

Non-PEO NEOs

($)

Average Exclusion of

Change in

Pension Value

for Non-PEO

NEOs

($)

Average Exclusion of

Stock Awards

for Non-PEO

NEOs

($)

Average

Inclusion of

Pension

Service Cost

for Non-PEO

NEOs

($)

Average

Inclusion of

Equity Values

for Non-PEO

NEOs

($)

Average

Compensation

Actually Paid

to Non-PEO

NEOs

($)

 

2023

1,215,964

(59,538)

(594,100)

12,902

237,957

813,185

Year

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

Average Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Included for Non-PEO NEOs
($)

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

2023

430,525

32,780

24,008

(249,356)

237,957

     
Compensation Actually Paid vs. Total Shareholder Return

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company and Peer Group TSR

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, our cumulative TSR over the four most recently completed fiscal years, and the NAREIT Equity Index over the same period.

img225607294_4.jpg 

     
Compensation Actually Paid vs. Net Income

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.

img225607294_5.jpg 

     
Compensation Actually Paid vs. Company Selected Measure

Description of Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and FFO

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our FFO during the four most recently completed fiscal years.

img225607294_6.jpg 

     
Tabular List, Table

Tabular List of Most Important Financial Performance Measures

 

The following table presents the financial performance measures that the company considers to have been the most important in linking Compensation Actually Paid to our PEO and other Non-PEO NEOs for 2023 to company performance. We break out this table into a separate list for our PEO and for each of our Non-PEO NEOs for 2023. The measures in this table are not ranked.

 

Eric J. Cremers

Jerald W. Richards

Wayne Wasechek

Ashlee Townsend Cribb

Michele L. Tyler

Darin R. Ball

FFO

FFO

FFO

FFO

FFO

FFO

TSR

TSR

TSR

TSR

TSR

TSR

 

EBITDDA

EBITDDA

     
Total Shareholder Return Amount $ 140.74 124.77 156 119.32
Peer Group Total Shareholder Return Amount 113.35 99.67 131.78 92
Net Income (Loss) $ 35,000,000 $ 334,000,000 $ 424,000,000 $ 167,000,000
Company Selected Measure Amount 188,000,000 468,000,000 528,000,000 302,000,000
PEO Name Eric J. Cremers Eric J. Cremers Eric J. Cremers Michael J. Covey
Measure:: 1        
Pay vs Performance Disclosure        
Non-GAAP Measure Description We determined FFO to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2023. For a description of how FFO is calculated from our audited financial statements, see Compensation Discussion and Analysis - 2023 Annual Cash Incentive Awards - 2023 Financial Performance Metrics and Results” above. This performance measure may not have been the most important financial performance measure in prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.      
Michael J. Covey [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount       $ 6,838,249
PEO Actually Paid Compensation Amount       $ 9,713,519
Eric J. Cremers [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 6,508,953 $ 5,532,534 $ 5,690,852  
PEO Actually Paid Compensation Amount $ 5,989,879 $ 3,702,409 $ 6,965,292  
PEO | Measure:: 1        
Pay vs Performance Disclosure        
Name FFO      
PEO | Measure:: 2        
Pay vs Performance Disclosure        
Name TSR      
PEO | Eric J. Cremers [Member] | Exclusion of Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,267,426)      
PEO | Eric J. Cremers [Member] | Exclusion of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,112,639)      
PEO | Eric J. Cremers [Member] | Inclusion of Pension Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 264,257      
PEO | Eric J. Cremers [Member] | Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,596,734      
PEO | Eric J. Cremers [Member] | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,290,709      
PEO | Eric J. Cremers [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 35,535      
PEO | Eric J. Cremers [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 270,490      
Non-PEO NEO | Measure:: 1        
Pay vs Performance Disclosure        
Name FFO      
Non-PEO NEO | Measure:: 2        
Pay vs Performance Disclosure        
Name TSR      
Non-PEO NEO | Measure:: 3        
Pay vs Performance Disclosure        
Name EBITDDA      
Non-PEO NEO | Exclusion of Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (59,538)      
Non-PEO NEO | Exclusion of Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (594,100)      
Non-PEO NEO | Inclusion of Pension Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 12,902      
Non-PEO NEO | Inclusion of Equity Values [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 237,957      
Non-PEO NEO | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 430,525      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 32,780      
Non-PEO NEO | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 24,008      
Non-PEO NEO | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (249,356)