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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting Information, Additional Information [Abstract]  
Summary of Information by Business Segment
The following table presents business segment information for each of the past three years. Corporate information is included to reconcile segment data to the Consolidated Financial Statements.
(Dollars in thousands)
2014

2013

2012

Revenues:
 
 
 
Resource
$
252,581

$
238,228

$
207,846

Wood Products
376,239

366,015

329,404

Real Estate
40,460

26,160

38,238

 
669,280

630,403

575,488

Elimination of intersegment revenues - Resource1
(62,330
)
(60,114
)
(50,354
)
Total consolidated revenues
$
606,950

$
570,289

$
525,134

Operating Income:
 
 
 
Resource
$
84,976

$
73,425

$
49,543

Wood Products
52,442

58,892

45,456

Real Estate
26,945

18,266

28,056

Eliminations and adjustments
(190
)
(907
)
(1,061
)
 
164,173

149,676

121,994

Corporate
(31,667
)
(42,078
)
(37,052
)
Operating income
132,506

107,598

84,942

Interest expense, net
(22,909
)
(23,132
)
(25,539
)
Income before income taxes
$
109,597

$
84,466

$
59,403

Depreciation, depletion and amortization:
 
 
 
Resource
$
17,847

$
18,103

$
16,446

Wood Products
6,176

6,194

6,538

Real Estate
59

56

36

 
24,082

24,353

23,020

Corporate
2,667

2,609

3,227

Total depreciation, depletion and amortization
$
26,749

$
26,962

$
26,247

Basis of real estate sold:
 
 
 
Real Estate
$
9,355

$
3,536

$
5,413

Elimination and adjustments
(709
)
(632
)
(365
)
Total basis of real estate sold
$
8,646

$
2,904

$
5,048

Assets:
 
 
 
Resource and Real Estate2
$
847,873

$
476,628

$
477,271

Wood Products
118,674

115,664

100,190

 
966,547

592,292

577,461

Corporate
68,874

88,238

141,436

Total consolidated assets
$
1,035,421

$
680,530

$
718,897

Capital Expenditures:3
 
 
 
Resource and Real Estate
$
11,116

$
12,449

$
12,138

Wood Products
12,551

9,013

4,427

 
23,667

21,462

16,565

Corporate
565

1,131

845

Total capital expenditures
$
24,232

$
22,593

$
17,410


1  
Intersegment revenues for 2012-2014, which were based on prevailing market prices, consisted of logs sold by our Resource segment to the Wood Products segment.
2 
Assets are shown on a combined basis for the Resource and Real Estate segments, as we do not produce information separately for those segments for internal purposes.
3 
Excludes acquisition of timber and timberlands.
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area
All of our wood products facilities and all other assets are located within the continental United States. We sell and ship products to Canada and Mexico. Geographic information regarding our revenues is summarized as follows:
(Dollars in thousands)
2014

2013

2012

United States
$
601,738

$
558,138

$
516,466

Canada
2,618

9,645

5,180

Mexico
2,594

2,506

3,488

Total consolidated revenues
$
606,950

$
570,289

$
525,134