Certain Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Schedule of Inventories

Inventories

(in thousands)	March 31, 2021			December 31, 2020
Logs	$	28,396		$	31,210
Lumber, panels and veneer		36,543			34,136
Materials and supplies		15,973			14,939
Total inventories		80,912			80,285
Less: LIFO reserve		(18,249	)		(18,249	)
Total inventories, net	$	62,663		$	62,036

Schedule of Property, Plant and Equipment

Property, plant and equipment

(in thousands)	March 31, 2021			December 31, 2020
Property, plant and equipment	$	520,524		$	517,711
Less: accumulated depreciation		(229,041	)		(229,167	)
Total property, plant and equipment, net	$	291,483		$	288,544

Schedule of Timber and Timberlands

Timber and timberlands

(in thousands)	March 31, 2021		December 31, 2020
Timber and timberlands	$	1,505,150	$	1,516,788
Logging roads		82,443		83,273
Total timber and timberlands, net	$	1,587,593	$	1,600,061

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities

(in thousands)	March 31, 2021		December 31, 2020
Accrued payroll and benefits	$	20,972	$	29,675
Accounts payable		15,495		9,724
Accrued interest		5,024		6,485
Deferred revenue1		7,233		8,789
Operating lease liabilities		3,848		4,304
Income taxes payable		42,286		14,755
Other accrued taxes		7,522		6,025
Other current liabilities		12,469		13,522
Total accounts payable and accrued liabilities	$	114,849	$	93,279

¹ Deferred revenue predominately relates to hunting and other access rights on our timberlands, payments received for lumber shipments where control of goods have not transferred, member related activities at an owned country club and certain post-close obligations for real estate sales.  These contract liabilities are recognized over the term of the contracts, which is typically twelve months or less, except for initiation fees which are recognized over the average life of club membership.