Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Summary of Revenues by Major Product

The following table represents our revenues by major product. We adopted ASC 606, Revenue from Contracts with Customers, on January 1, 2018 using the cumulative effect method. Year ended December 31, 2017 is provided for comparison purposes and was accounted for in accordance with ASC 605, Revenue Recognition. For additional information regarding our revenue recognition policy, see Note 1: Summary of Significant Accounting Policies. For additional information regarding our segments, see Note 5: Segment Information.

	Year Ended December 31,
(in thousands)	2019			2018			2017
Timberlands
Northern region
Sawlogs	$	161,570		$	205,977		$	190,693
Pulpwood		5,767			5,996			5,634
Stumpage		109			176			153
Other		1,970			1,801			1,387
Total Northern revenues		169,416			213,950			197,867
Southern region
Sawlogs		88,048			81,460			40,993
Pulpwood		53,315			48,585			34,907
Stumpage		1,666			2,434			557
Other		10,248			8,521			3,875
Total Southern revenues		153,277			141,000			80,332
Total Timberlands revenues		322,693			354,950			278,199
Wood Products
Lumber		396,648			464,180			313,083
Residuals and Panels		143,760			216,751			128,074
Total Wood Products revenues		540,408			680,931			441,157
Real Estate
Rural real estate		49,675			36,024			30,655
Development real estate		22,363			12,852			—
Other1		6,834			5,690			—
Total Real Estate revenues		78,872			54,566			30,655
Total segment revenues		941,973			1,090,447			750,011
Intersegment Timberlands revenues2		(114,875	)		(115,868	)		(71,416	)
Total consolidated revenues	$	827,098		$	974,579		$	678,595

¹ Other Real Estate revenues primarily relate to the Chenal Country Club.

² Intersegment revenues represent logs sold by our Timberlands segment to the Wood Products segment.