Certain Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)	March 31, 2024			December 31, 2023
Logs	$	31,379		$	39,011
Lumber, panels and veneer		39,613			34,621
Materials and supplies		25,260			23,713
Total inventories		96,252			97,345
Less: LIFO reserve		(18,680	)		(18,680	)
Total inventories, net	$	77,572		$	78,665

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)	March 31, 2024			December 31, 2023
Property, plant and equipment	$	697,182		$	681,914
Less: accumulated depreciation		(321,291	)		(309,082	)
Total property, plant and equipment, net	$	375,891		$	372,832

Schedule of Timber and Timberlands

Timber and timberlands

(in thousands)	March 31, 2024		December 31, 2023
Timber and timberlands	$	2,324,815	$	2,347,300
Logging roads		91,003		93,098
Total timber and timberlands, net	$	2,415,818	$	2,440,398

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)	March 31, 2024		December 31, 2023
Accrued payroll and benefits	$	16,692	$	24,473
Accounts payable		11,258		12,521
Deferred revenue1		8,000		10,455
Accrued taxes		7,222		5,712
Accrued interest		6,836		8,344
Other current liabilities		30,689		20,878
Total accounts payable and accrued liabilities	$	80,697	$	82,383

1 Deferred revenue predominately relates to hunting and other access rights on our timberlands, payments received for lumber shipments where control of goods has not transferred, member-related activities at an owned country club and any post-close obligations for real estate sales. These deferred revenues are recognized over the term of the respective contract, which is typically twelve months or less, except for country club initiation fees which are recognized over the average life of club membership.