XML 43 R30.htm IDEA: XBRL DOCUMENT v3.3.0.814
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS (Tables)
 9 Months Ended
Sep. 30, 2015
Real Estate [Abstract]  
Schedule of Costs for Land, Timber and Real Estate Development
An analysis of higher and better use timberlands and real estate development costs from December 31, 2014 to September 30, 2015 is shown below:
 
Higher and Better Use Timberlands and Real Estate Development Costs
 
Land and Timber
 
Development Costs
 
Total
Non-current portion at December 31, 2014

$65,959

 

$11,474

 

$77,433

Plus: Current portion (a)
4,875

 
57

 
4,932

Total Balance at December 31, 2014
70,834

 
11,531

 
82,365

Non-cash cost of land sold and real estate development costs recovered upon sale

(5,640
)
 
(58
)
 
(5,698
)
Timber depletion from harvesting activities and basis of timber sold in real estate sales

(2,876
)
 
—

 
(2,876
)
Capitalized real estate development costs (b)
—

 
2,029

 
2,029

Capital expenditures (silviculture)
121

 
—

 
121

Acquisitions
—

 
—

 
—

Intersegment transfers
1,861

 
—

 
1,861

Other
—

 
(29
)
 
(29
)
Total Balance at September 30, 2015
64,300

 
13,473

 
77,773

Less: Current portion (a)
(5,449
)
 
(5,050
)
 
(10,499
)
Non-current portion at September 30, 2015

$58,851

 

$8,423

 

$67,274

 
 
 
 
 
(a)
The current portion of Higher and Better Use Timberlands and Real Estate Development Costs is recorded in Inventory. See Note 15 — Inventory for additional information.
(b)
Capitalized real estate development costs for the nine months ended September 30, 2015 of $2,029,000 consisted of $1,745,000 in cash outflows and a $284,000 change in accrued spending.