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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables summarize the segment information for the three and six months ended June 30, 2020 and 2019:
 Three Months Ended June 30,Six Months Ended June 30,
SALES2020201920202019
Southern Timber$46,767  $46,197  $99,749  $107,043  
Pacific Northwest Timber26,171  18,556  57,245  39,091  
New Zealand Timber 41,769  62,127  79,308  119,257  
Timber Funds (a)7,524  —  7,524  —  
Real Estate (b)50,009  22,533  168,573  43,532  
Trading24,320  35,461  43,304  67,526  
Intersegment Eliminations (c)(930) (74) (943) (103) 
Total$195,630  $184,800  $454,760  $376,346  

(a)The three and six months ended June 30, 2020 includes $5.8 million of sales attributable to noncontrolling interests in the Timber Funds.
(b)The six months ended June 30, 2020 includes $116.0 million from a Large Disposition.
(c)Primarily consists of the elimination of timberland investment management fees paid to us by the timber funds which are initially recognized as sales and cost of sales within the Timber Funds segment, as well as log marketing fees paid to our New Zealand Timber segment from our Southern Timber and Pacific Northwest Timber segments for marketing log export sales.

Three Months Ended June 30,Six Months Ended June 30,
OPERATING INCOME (LOSS)2020201920202019
Southern Timber $11,208  $14,741  $26,278  $36,261  
Pacific Northwest Timber(6,681) (3,815) (7,629) (7,556) 
New Zealand Timber 4,973  12,797  10,422  28,517  
Timber Funds (a)(1,892) —  (1,892) —  
Real Estate (b)24,848  15,468  51,622  25,495  
Trading102  (171) 83  309  
Corporate and Other (c)(20,872) (7,627) (28,646) (13,113) 
Total Operating Income11,686  31,393  50,238  69,913  
Unallocated interest expense and other(8,241) (6,865) (16,666) (13,242) 
Total Income before Income Taxes$3,445  $24,528  $33,572  $56,671  

(a)The three and six months ended June 30, 2020 includes $2.0 million of operating loss attributable to noncontrolling interests in the Timber Funds.
(b)The six months ended June 30, 2020 includes $28.7 million from a Large Disposition.
(c)The three and six months ended June 30, 2020 include $13.5 million and $16.0 million, respectively, of integration and restructuring costs related to the merger with Pope Resources. See Note 20 — Charges for Integration and Restructuring for additional details.
 Three Months Ended June 30,Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION2020201920202019
Southern Timber$15,231  $12,880  $33,414  $32,608  
Pacific Northwest Timber10,606  6,045  21,308  12,871  
New Zealand Timber 4,942  7,189  9,716  13,508  
Timber Funds (a)4,070  —  4,070  —  
Real Estate (b)6,678  1,199  42,422  4,534  
Corporate and Other 340  288  637  572  
Total$41,867  $27,601  $111,567  $64,093  

(a)The three and six months ended June 30, 2020 includes $3.5 million of depreciation, depletion and amortization related to noncontrolling interests in the Timber Funds.
(b)The six months ended June 30, 2020 includes $35.4 million from a Large Disposition.

Three Months Ended June 30,Six Months Ended June 30,
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT2020201920202019
Real Estate (a)$13,030  $1,617  $65,081  $5,647  
Total$13,030  $1,617  $65,081  $5,647  

(a) The six months ended June 30, 2020 includes $51.6 million from a Large Disposition.