Certain Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)	June 30, 2025			December 31, 2024
Logs	$	29,891		$	31,786
Lumber, panels and veneer		41,222			37,689
Materials and supplies		31,757			29,284
Total inventories		102,870			98,759
Less: LIFO reserve		(15,833	)		(15,833	)
Total inventories, net	$	87,037		$	82,926

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)	June 30, 2025			December 31, 2024
Property, plant and equipment	$	711,979		$	710,703
Less: accumulated depreciation		(315,812	)		(301,790	)
Total property, plant and equipment, net	$	396,167		$	408,913

Schedule of Timber and Timberlands

Timber and timberlands

(in thousands)	June 30, 2025		December 31, 2024
Timber and timberlands, net	$	2,228,882	$	2,263,991
Logging roads, net		91,815		93,160
Total timber and timberlands, net	$	2,320,697	$	2,357,151

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)	June 30, 2025		December 31, 2024
Accrued payroll and benefits	$	23,689	$	25,249
Accounts payable		17,565		16,991
Deferred revenue1		16,756		12,234
Accrued taxes		7,846		5,212
Accrued interest		6,447		6,826
Other current liabilities		24,266		29,116
Total accounts payable and accrued liabilities	$	96,569	$	95,628

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.