XML 74 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note Payable and Line of Credit (Details) (USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 19, 2013
Dec. 23, 2014
Sep. 28, 2012
May 30, 2014
Debt Instrument [Line Items]              
Repayment of CoBank loan $ 254,910,000us-gaap_RepaymentsOfSecuredDebt $ 80,196,123us-gaap_RepaymentsOfSecuredDebt $ 122,669,549us-gaap_RepaymentsOfSecuredDebt        
Secured debt outstanding 118,000,000us-gaap_SecuredDebt 52,160,000us-gaap_SecuredDebt          
Unused commitment fees 400,000us-gaap_DebtInstrumentUnusedBorrowingCapacityFee            
Secured Debt              
Debt Instrument [Line Items]              
Weighted average interest rate 2.58%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
2.14%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
         
CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Maximum borrowing capacity           133,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_CobankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_TermLoanMember
 
CoBank Loan | Revolving Credit Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity           15,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_CobankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_RevolvingCreditFacilityMember
 
Amended CoBank Loan              
Debt Instrument [Line Items]              
Repayment of CoBank loan 138,700,000us-gaap_RepaymentsOfSecuredDebt
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
           
Outstanding amount on line of credit       52,160,000us-gaap_LineOfCredit
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
     
Maximum additional borrowings allowed under line of credit       75,000,000ctt_LineOfCreditFacilityMaximumAdditionalBorrowingsAllowed
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
     
Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity       150,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_MultiDrawTermFacilityMember
    215,000,000.0us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_MultiDrawTermFacilityMember
Repayment of CoBank loan 86,500,000us-gaap_RepaymentsOfSecuredDebt
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_MultiDrawTermFacilityMember
           
Proceeds from issuance of debt 202,750,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_MultiDrawTermFacilityMember
           
Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Repayment of CoBank loan 52,160,000us-gaap_RepaymentsOfSecuredDebt
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_TermLoanMember
           
Amended CoBank Loan | Revolving Credit Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity       15,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_RevolvingCreditFacilityMember
    25,000,000.0us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_RevolvingCreditFacilityMember
Amended Credit Agreement | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Increase in availability of credit             65,000,000ctt_LineofCreditFacilityIncreaseinBorrowingCapacity
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= ctt_AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_MultiDrawTermFacilityMember
Amended Credit Agreement | Revolving Credit Facility              
Debt Instrument [Line Items]              
Increase in availability of credit             10,000,000ctt_LineofCreditFacilityIncreaseinBorrowingCapacity
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= ctt_AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_RevolvingCreditFacilityMember
2014 Amended Credit Agreement              
Debt Instrument [Line Items]              
Maximum additional borrowings allowed under line of credit         200,000,000ctt_LineOfCreditFacilityMaximumAdditionalBorrowingsAllowed
/ us-gaap_DebtInstrumentAxis
= ctt_A2014AmendedCreditAgreementMember
   
Covenant, minimum fixed charge coverage ratio         1.05ctt_MinimumFixedChargeCoverageRatioRequired
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= ctt_A2014AmendedCreditAgreementMember
   
Secured debt outstanding 118,000,000us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= ctt_A2014AmendedCreditAgreementMember
           
2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity         35,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014RevolvingCreditFacilityMember
   
Amount of credit facility allowed to be used for timberland acquisitions         5,000,000ctt_Amountofcreditfacilityallowedtobeusedfortimberlandacquisitions
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014RevolvingCreditFacilityMember
   
2014 Amended Credit Agreement | 2014 Term Loan Facility              
Debt Instrument [Line Items]              
Outstanding amount on line of credit         100,000,000us-gaap_LineOfCredit
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014TermLoanFacilityMember
   
Secured debt outstanding 100,000,000us-gaap_SecuredDebt
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014TermLoanFacilityMember
           
2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity         275,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
   
Number of draw allowed under the line of credit         8ctt_LineofCreditNumberofDrawAllowed
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
   
Amount of credit facility allowed to be used for share repurchases         25,000,000ctt_Amountofcreditfacilityallowedtobeusedforsharerepurchases
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
   
Covenant terms, loan to value ratio (in percent)         40.00%ctt_DebtInstrumentCovenantTermsLoantoValueRatio
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
   
Covenant terms, principal payment at per annum rate (in percent)         5.00%ctt_DebtInstrumentCovenantNonComplianceInterestRate
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= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
   
Secured debt outstanding 18,000,000us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= ctt_A2014AmendedCreditAgreementMember
/ us-gaap_LongtermDebtTypeAxis
= ctt_A2014MultiDrawTermFacilityMember
           
One-Month LIBOR | CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
One-month LIBOR           one-month LIBOR  
Base Rate | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
One-month LIBOR       base rate      
Base Rate | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
One-month LIBOR       base rate      
Base Rate | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
One-month LIBOR         base rate    
Base Rate | 2014 Amended Credit Agreement | 2014 Term Loan Facility              
Debt Instrument [Line Items]              
One-month LIBOR         base rate    
Basis spread on variable rate (in percent)         1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_A2014AmendedCreditAgreementMember
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= ctt_A2014TermLoanFacilityMember
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= us-gaap_BaseRateMember
   
Base Rate | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
One-month LIBOR         base rate    
LIBOR | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
One-month LIBOR       LIBOR      
LIBOR | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
One-month LIBOR       LIBOR      
LIBOR | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
One-month LIBOR         LIBOR    
LIBOR | 2014 Amended Credit Agreement | 2014 Term Loan Facility              
Debt Instrument [Line Items]              
One-month LIBOR         LIBOR    
Basis spread on variable rate (in percent)         1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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/ us-gaap_VariableRateAxis
= ctt_LondonInterbankOfferedRateLiborMember
   
LIBOR | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
One-month LIBOR         LIBOR    
Minimum | 2014 Amended Credit Agreement | 2014 Multi-Draw and 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Line of Credit Facility, Commitment Fee Percentage         0.20%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
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= ctt_A2014AmendedCreditAgreementMember
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= ctt_A2014MultiDrawand2014RevolvingCreditFacilityMember
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Minimum | One-Month LIBOR | CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)           2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_CobankLoanMember
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= ctt_TermLoanMember
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/ us-gaap_VariableRateAxis
= ctt_OneMonthLiborMember
 
Minimum | Base Rate | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       0.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_AmendedCoBankLoanMember
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= ctt_MultiDrawTermFacilityMember
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/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
     
Minimum | Base Rate | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_AmendedCoBankLoanMember
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Minimum | Base Rate | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_A2014AmendedCreditAgreementMember
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= us-gaap_BaseRateMember
   
Minimum | Base Rate | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         0.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_A2014AmendedCreditAgreementMember
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= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
   
Minimum | LIBOR | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= ctt_AmendedCoBankLoanMember
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= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= ctt_LondonInterbankOfferedRateLiborMember
     
Minimum | LIBOR | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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/ us-gaap_VariableRateAxis
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Minimum | LIBOR | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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/ us-gaap_VariableRateAxis
= ctt_LondonInterbankOfferedRateLiborMember
   
Minimum | LIBOR | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= ctt_LondonInterbankOfferedRateLiborMember
   
Maximum | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Debt covenant, minimum liquidity balance         20,000,000ctt_DebtInstrumentCovenantLiquidityBalance
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= ctt_TermLoanMember
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Maximum | 2014 Amended Credit Agreement              
Debt Instrument [Line Items]              
Covenant terms, loan to value ratio (in percent)         45.00%ctt_DebtInstrumentCovenantTermsLoantoValueRatio
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= ctt_A2014AmendedCreditAgreementMember
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Maximum | 2014 Amended Credit Agreement | 2014 Multi-Draw and 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Line of Credit Facility, Commitment Fee Percentage         0.35%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
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Maximum | One-Month LIBOR | CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)           2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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/ us-gaap_LongtermDebtTypeAxis
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Maximum | Base Rate | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | Base Rate | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | Base Rate | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | Base Rate | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | LIBOR | Amended CoBank Loan | Multi-Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | LIBOR | Amended CoBank Loan | Term Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | LIBOR | 2014 Amended Credit Agreement | 2014 Revolving Credit Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Maximum | LIBOR | 2014 Amended Credit Agreement | 2014 Multi Draw Term Facility              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)         2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Revolving Credit Facility | Amended CoBank Loan              
Debt Instrument [Line Items]              
Maximum additional borrowings allowed under line of credit       $ 10,000,000ctt_LineOfCreditFacilityMaximumAdditionalBorrowingsAllowed
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Revolving Credit Facility | Base Rate | Amended CoBank Loan              
Debt Instrument [Line Items]              
One-month LIBOR       base rate      
Revolving Credit Facility | LIBOR | Amended CoBank Loan              
Debt Instrument [Line Items]              
One-month LIBOR       LIBOR      
Revolving Credit Facility | Minimum | Base Rate | Amended CoBank Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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Revolving Credit Facility | Minimum | LIBOR | Amended CoBank Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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/ us-gaap_VariableRateAxis
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Revolving Credit Facility | Maximum | Base Rate | Amended CoBank Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
     
Revolving Credit Facility | Maximum | LIBOR | Amended CoBank Loan              
Debt Instrument [Line Items]              
Basis spread on variable rate (in percent)       2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= ctt_AmendedCoBankLoanMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= ctt_LondonInterbankOfferedRateLiborMember