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Segment Information
 6 Months Ended
Jun. 30, 2015
Segment Reporting Information, Additional Information [Abstract]  
Segment Information
SEGMENT INFORMATION
The following table summarizes information by business segment:
 
Quarter Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
(Dollars in thousands)
2015
 
2014
 
2015
 
2014
Revenues:
 
 
 
 
 
 
 
Resource
$
44,111

 
$
39,512

 
$
98,066

 
$
91,417

Wood Products
84,191

 
100,572

 
173,424

 
188,376

Real Estate
10,745

 
15,737

 
13,856

 
30,176

 
139,047

 
155,821

 
285,346

 
309,969

Elimination of intersegment revenues - Resource
(10,300
)
 
(11,902
)
 
(22,474
)
 
(26,471
)
Total consolidated revenues
$
128,747

 
$
143,919

 
$
262,872

 
$
283,498

 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
Resource
$
8,797

 
$
10,818

 
$
23,775

 
$
27,042

Wood Products
(1,953
)
 
14,870

 
1,547

 
27,577

Real Estate
8,521

 
12,378

 
10,120

 
20,649

Eliminations and adjustments
539

 
788

 
3,514

 
1,630

 
15,904

 
38,854

 
38,956

 
76,898

Corporate
(8,593
)
 
(9,129
)
 
(17,618
)
 
(15,864
)
Operating income
7,311

 
29,725

 
21,338

 
61,034

Interest expense, net
(8,016
)
 
(5,509
)
 
(16,085
)
 
(10,969
)
Income (loss) before income taxes
$
(705
)
 
$
24,216

 
$
5,253


$
50,065

 
 
 
 
 
 
 
 
Depreciation, depletion and amortization:1
 
 
 
 
 
 
 
Resource
$
4,797

 
$
2,728

 
$
11,051

 
$
6,644

Wood Products
1,661

 
1,515

 
3,237

 
3,044

Real Estate
15

 
14

 
30

 
29

 
6,473

 
4,257

 
14,318

 
9,717

Corporate
620

 
641

 
1,279

 
1,285

Total depreciation, depletion and amortization
$
7,093

 
$
4,898

 
$
15,597

 
$
11,002

 
 
 
 
 
 
 
 
Basis of real estate sold:
 
 
 
 
 
 
 
Real Estate
$
710

 
$
2,242

 
$
1,181

 
$
7,409

Eliminations and adjustments
(110
)
 
(30
)
 
(173
)
 
(575
)
Total basis of real estate sold
$
600

 
$
2,212

 
$
1,008

 
$
6,834

1
The presentation of depreciation, depletion and amortization in Segment Information and the Condensed Consolidated Statements of Cash Flows includes amortization of bond discounts and deferred loan fees. Bond discounts and deferred loan fees are recorded in Interest expense, net in the Consolidated Statements of Income.