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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Schedule of Higher and Better Use Timberlands and Real Estate Development Investments
An analysis of higher and better use timberlands and real estate development investments from December 31, 2018 to December 31, 2019 is shown below:
 
Higher and Better Use Timberlands and Real Estate Development Investments
 
Land and Timber
 
Development Investments
 
Total
Non-current portion at December 31, 2018

$59,189

 

$26,420

 

$85,609

Plus: Current portion (a)
4,239

 
7,680

 
11,919

Total Balance at December 31, 2018
63,428

 
34,100

 
97,528

Non-cash cost of land and improved development
(1,916
)
 
(4,814
)
 
(6,730
)
Timber depletion from harvesting activities and basis of timber sold in real estate sales
(2,866
)
 
—

 
(2,866
)
Capitalized real estate development investments (b)
—

 
6,803

 
6,803

Capital expenditures (silviculture)
204

 
—

 
204

Intersegment transfers
(485
)
 
—

 
(485
)
Total Balance at December 31, 2019
58,365

 
36,089

 
94,454

Less: Current portion (a)
(274
)
 
(12,389
)
 
(12,663
)
Non-current portion at December 31, 2019

$58,091

 

$23,700

 

$81,791

 
 
 
 
 
(a)
The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 19 — Inventory for additional information.
(b)
Capitalized real estate development investments includes $0.4 million of capitalized interest.