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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2018
Revenue From Contract With Customer [Abstract]  
Summary of Revenues by Major Product

The following table represents our revenues by major product. For additional information regarding our segments, see Note 17: Segment Information.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Dollars in thousands)

2018

 

 

2017

 

 

2018

 

 

2017

 

Resource

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sawlogs

$

49,627

 

 

$

38,258

 

 

$

99,211

 

 

$

70,344

 

Pulpwood

 

1,299

 

 

 

1,491

 

 

 

3,079

 

 

 

3,445

 

Stumpage

 

57

 

 

 

 

 

 

136

 

 

 

142

 

Other

 

252

 

 

 

253

 

 

 

468

 

 

 

506

 

 

 

51,235

 

 

 

40,002

 

 

 

102,894

 

 

 

74,437

 

Southern region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sawlogs

 

25,190

 

 

 

7,544

 

 

 

39,220

 

 

 

16,233

 

Pulpwood

 

13,468

 

 

 

7,312

 

 

 

22,438

 

 

 

14,954

 

Stumpage

 

1,062

 

 

 

148

 

 

 

1,453

 

 

 

230

 

Other

 

1,556

 

 

 

918

 

 

 

3,012

 

 

 

1,838

 

 

 

41,276

 

 

 

15,922

 

 

 

66,123

 

 

 

33,255

 

Total Resource revenues

$

92,511

 

 

$

55,924

 

 

$

169,017

 

 

$

107,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wood Products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lumber

 

133,788

 

 

 

81,702

 

 

 

228,781

 

 

 

146,574

 

Panels

 

41,239

 

 

 

19,283

 

 

 

70,130

 

 

 

36,978

 

Residuals

 

18,558

 

 

 

13,544

 

 

 

34,489

 

 

 

26,569

 

 

$

193,585

 

 

$

114,529

 

 

$

333,400

 

 

$

210,121

 

Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rural real estate

 

12,669

 

 

 

8,136

 

 

 

21,502

 

 

 

22,640

 

Development real estate

 

1,743

 

 

 

 

 

 

2,962

 

 

 

 

Other

 

2,019

 

 

 

 

 

 

2,522

 

 

 

 

 

$

16,431

 

 

$

8,136

 

 

$

26,986

 

 

$

22,640

 

Total segment revenues

 

302,527

 

 

 

178,589

 

 

 

529,403

 

 

 

340,453

 

Intersegment Resource revenues1

 

(34,294

)

 

 

(15,360

)

 

 

(61,273

)

 

 

(27,543

)

Total consolidated revenues

$

268,233

 

 

$

163,229

 

 

$

468,130

 

 

$

312,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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