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Inventories
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

NOTE 4. INVENTORIES

Inventories consist of the following at December 31:

 

(in thousands)

 

2024

 

 

2023

 

Logs

 

$

31,786

 

 

$

39,011

 

Lumber, plywood and veneer

 

 

37,689

 

 

 

34,621

 

Materials and supplies

 

 

29,284

 

 

 

23,713

 

 

 

 

98,759

 

 

 

97,345

 

Less: LIFO reserve

 

 

(15,833

)

 

 

(18,680

)

Total inventories

 

$

82,926

 

 

$

78,665

 

Logs, lumber, plywood and veneer inventories valued on the LIFO basis represented approximately 64% and 69% of total inventory at December 31, 2024 and 2023, respectively. If the LIFO inventory method had not been used, inventory balances would be higher by $15.8 million and $18.7 million at December 31, 2024 and 2023, respectively.