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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
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)

 

2016

 

 

2015

 

 

2014

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

256,163

 

 

$

263,875

 

 

$

252,581

 

Wood Products

 

 

367,426

 

 

 

336,214

 

 

 

376,239

 

Real Estate

 

 

32,604

 

 

 

28,989

 

 

 

40,460

 

 

 

 

656,193

 

 

 

629,078

 

 

 

669,280

 

Intersegment Resource revenues1

 

 

(57,094

)

 

 

(53,742

)

 

 

(62,330

)

Total consolidated revenues

 

$

599,099

 

 

$

575,336

 

 

$

606,950

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

81,918

 

 

$

76,350

 

 

$

84,976

 

Wood Products

 

 

24,587

 

 

 

(5,235

)

 

 

52,442

 

Real Estate2

 

 

(29,495

)

 

 

16,849

 

 

 

26,945

 

Eliminations and adjustments

 

 

(3,001

)

 

 

3,283

 

 

 

(190

)

 

 

 

74,009

 

 

 

91,247

 

 

 

164,173

 

Corporate

 

 

(38,455

)

 

 

(32,340

)

 

 

(31,667

)

Operating income

 

 

35,554

 

 

 

58,907

 

 

 

132,506

 

Interest expense, net

 

 

(28,941

)

 

 

(32,761

)

 

 

(22,909

)

Income before income taxes

 

$

6,613

 

 

$

26,146

 

 

$

109,597

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation, depletion and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

24,090

 

 

$

28,807

 

 

$

17,847

 

Wood Products

 

 

7,357

 

 

 

6,810

 

 

 

6,176

 

Real Estate

 

 

4

 

 

 

56

 

 

 

59

 

 

 

 

31,451

 

 

 

35,673

 

 

 

24,082

 

Corporate

 

 

760

 

 

 

951

 

 

 

1,307

 

Bond discount and deferred loan fees

 

 

1,979

 

 

 

1,481

 

 

 

1,360

 

Total depreciation, depletion and amortization

 

$

34,190

 

 

$

38,105

 

 

$

26,749

 

Basis of real estate sold:

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

$

8,518

 

 

$

7,394

 

 

$

9,355

 

Elimination and adjustments

 

 

(507

)

 

 

(382

)

 

 

(709

)

Total basis of real estate sold

 

$

8,011

 

 

$

7,012

 

 

$

8,646

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Resource and Real Estate3

 

$

662,852

 

 

$

837,630

 

 

$

847,873

 

Wood Products

 

 

150,855

 

 

 

131,103

 

 

 

118,674

 

 

 

 

813,707

 

 

 

968,733

 

 

 

966,547

 

Corporate

 

 

113,974

 

 

 

47,879

 

 

 

65,199

 

Total consolidated assets

 

$

927,681

 

 

$

1,016,612

 

 

$

1,031,746

 

Capital Expenditures:4

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

13,311

 

 

$

13,497

 

 

$

10,985

 

Wood Products

 

 

5,491

 

 

 

18,482

 

 

 

12,551

 

Real Estate

 

 

111

 

 

 

184

 

 

 

131

 

 

 

 

18,913

 

 

 

32,163

 

 

 

23,667

 

Corporate

 

 

375

 

 

 

569

 

 

 

565

 

Total capital expenditures

 

$

19,288

 

 

$

32,732

 

 

$

24,232

 

 

1

Intersegment revenues are based on prevailing market prices of logs sold by our Resource segment to the Wood Products segment.

2

In the second quarter of 2016, we sold approximately 172,000 acres of timberlands located in central Idaho for $114 million at a loss of $48.5 million before taxes.

3

Assets are shown on a combined basis for the Resource and Real Estate segments, as we do not report assets separately to management for these segments.

4

Excludes the 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. Geographic information regarding our revenues is as follows:

 

(Dollars in thousands)

 

2016

 

 

2015

 

 

2014

 

United States

 

$

597,899

 

 

$

573,398

 

 

$

601,738

 

Canada

 

 

173

 

 

 

851

 

 

 

2,618

 

Mexico

 

 

1,027

 

 

 

919

 

 

 

2,594

 

Other

 

 

—

 

 

 

168

 

 

 

—

 

Total consolidated revenues

 

$

599,099

 

 

$

575,336

 

 

$

606,950