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Revenue Recognition (Tables)
9 Months Ended
Sep. 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 16: Segment Information.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

2018

 

 

2017

 

 

2018

 

 

2017

 

Resource

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sawlogs

$

69,658

 

 

$

68,699

 

 

$

168,869

 

 

$

139,043

 

Pulpwood

 

1,575

 

 

 

1,272

 

 

 

4,654

 

 

 

4,718

 

Stumpage

 

39

 

 

 

11

 

 

 

175

 

 

 

153

 

Other

 

765

 

 

 

292

 

 

 

1,233

 

 

 

798

 

 

 

72,037

 

 

 

70,274

 

 

 

174,931

 

 

 

144,712

 

Southern region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sawlogs

 

21,974

 

 

 

13,314

 

 

 

61,194

 

 

 

29,547

 

Pulpwood

 

13,700

 

 

 

9,938

 

 

 

36,138

 

 

 

24,892

 

Stumpage

 

653

 

 

 

191

 

 

 

2,106

 

 

 

420

 

Other

 

3,057

 

 

 

988

 

 

 

6,069

 

 

 

2,826

 

 

 

39,384

 

 

 

24,431

 

 

 

105,507

 

 

 

57,685

 

Total Resource revenues

 

111,421

 

 

 

94,705

 

 

 

280,438

 

 

 

202,397

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wood Products

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lumber

 

138,281

 

 

 

84,233

 

 

 

367,062

 

 

 

230,807

 

Panels

 

36,655

 

 

 

17,945

 

 

 

106,785

 

 

 

54,923

 

Residuals

 

24,089

 

 

 

14,309

 

 

 

58,578

 

 

 

40,878

 

Total Wood Products revenues

 

199,025

 

 

 

116,487

 

 

 

532,425

 

 

 

326,608

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rural real estate

 

8,238

 

 

 

3,282

 

 

 

29,740

 

 

 

25,922

 

Development real estate

 

1,287

 

 

 

 

 

 

4,249

 

 

 

 

Other

 

1,708

 

 

 

 

 

 

4,230

 

 

 

 

Total Real Estate revenues

 

11,233

 

 

 

3,282

 

 

 

38,219

 

 

 

25,922

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment revenues

 

321,679

 

 

 

214,474

 

 

 

851,082

 

 

 

554,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment Resource revenues1

 

(32,480

)

 

 

(24,033

)

 

 

(93,753

)

 

 

(51,576

)

Total consolidated revenues

$

289,199

 

 

$

190,441

 

 

$

757,329

 

 

$

503,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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