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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
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)

 

2017

 

 

2016

 

 

2015

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

278,199

 

 

$

256,163

 

 

$

263,875

 

Wood Products

 

 

441,157

 

 

 

367,426

 

 

 

336,214

 

Real Estate

 

 

30,655

 

 

 

32,604

 

 

 

28,989

 

 

 

 

750,011

 

 

 

656,193

 

 

 

629,078

 

Intersegment Resource revenues1

 

 

(71,416

)

 

 

(57,094

)

 

 

(53,742

)

Total consolidated revenues

 

$

678,595

 

 

$

599,099

 

 

$

575,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

106,105

 

 

$

81,918

 

 

$

76,350

 

Wood Products

 

 

72,166

 

 

 

24,587

 

 

 

(5,235

)

Real Estate2

 

 

18,576

 

 

 

(29,495

)

 

 

16,849

 

Eliminations and adjustments

 

 

(2,705

)

 

 

(3,001

)

 

 

3,283

 

 

 

 

194,142

 

 

 

74,009

 

 

 

91,247

 

Corporate

 

 

(48,619

)

 

 

(38,455

)

 

 

(32,340

)

Operating income

 

 

145,523

 

 

 

35,554

 

 

 

58,907

 

Interest expense, net

 

 

(27,049

)

 

 

(28,941

)

 

 

(32,761

)

Income before income taxes

 

$

118,474

 

 

$

6,613

 

 

$

26,146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation, depletion and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

20,476

 

 

$

24,090

 

 

$

28,807

 

Wood Products

 

 

7,347

 

 

 

7,357

 

 

 

6,810

 

Real Estate

 

 

2

 

 

 

4

 

 

 

56

 

 

 

 

27,825

 

 

 

31,451

 

 

 

35,673

 

Corporate

 

 

607

 

 

 

760

 

 

 

951

 

Bond discount and deferred loan fees

 

 

1,480

 

 

 

1,979

 

 

 

1,481

 

Total depreciation, depletion and amortization

 

$

29,912

 

 

$

34,190

 

 

$

38,105

 

Basis of real estate sold:

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

$

7,114

 

 

$

8,518

 

 

$

7,394

 

Elimination and adjustments

 

 

(287

)

 

 

(507

)

 

 

(382

)

Total basis of real estate sold

 

$

6,827

 

 

$

8,011

 

 

$

7,012

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Resource and Real Estate3

 

$

670,240

 

 

$

662,852

 

 

$

837,630

 

Wood Products

 

 

154,479

 

 

 

150,855

 

 

 

131,103

 

 

 

 

824,719

 

 

 

813,707

 

 

 

968,733

 

Corporate

 

 

128,360

 

 

 

113,974

 

 

 

47,879

 

Total consolidated assets

 

$

953,079

 

 

$

927,681

 

 

$

1,016,612

 

Capital Expenditures:4

 

 

 

 

 

 

 

 

 

 

 

 

Resource

 

$

15,120

 

 

$

13,311

 

 

$

13,497

 

Wood Products

 

 

10,723

 

 

 

5,491

 

 

 

18,482

 

Real Estate

 

 

87

 

 

 

111

 

 

 

184

 

 

 

 

25,930

 

 

 

18,913

 

 

 

32,163

 

Corporate

 

 

2,132

 

 

 

375

 

 

 

569

 

Total capital expenditures

 

$

28,062

 

 

$

19,288

 

 

$

32,732

 

 

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)

 

2017

 

 

2016

 

 

2015

 

United States

 

$

676,956

 

 

$

597,899

 

 

$

573,398

 

Canada

 

 

481

 

 

 

173

 

 

 

851

 

Mexico

 

 

1,158

 

 

 

1,027

 

 

 

919

 

Other

 

 

—

 

 

 

—

 

 

 

168

 

Total consolidated revenues

 

$

678,595

 

 

$

599,099

 

 

$

575,336