COMMITMENTS

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS

COMMITMENTS

At December 31, 2019, the future minimum payments under non-cancellable commitments were as follows:

	Development Projects (a)		Pension Contributions (b)		Commitments (c)		Total
2020		$4,403		$3,599		$2,510		$10,512
2021	178		681		2,122		2,981
2022	178		—		2,027		2,205
2023	178		—		2,007		2,185
2024	178		—		1,171		1,349
Thereafter	2,749		—		—		2,749
		$7,864		$4,280		$9,837		$21,981

(a) Primarily consisting of payments expected to be made on the Company’s Wildlight and Richmond Hill development projects.

(b) Pension contribution requirements are based on actuarially determined estimates and IRS minimum funding requirements.

(c)

Commitments include payments expected to be made on foreign exchange contracts, timberland deeds and other purchase obligations.