HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Higher and Better Use Timberlands and Real Estate Development Investments

Changes in higher and better use timberlands and real estate development investments from December 31, 2021 to March 31, 2022 are shown below:


	Higher and Better Use Timberlands and Real Estate Development Investments
	Land and Timber	Development Investments	Total
Non-current portion at December 31, 2021	$87,910	$18,968	$106,878
Plus: Current portion (a)	718	24,022	24,740
Total Balance at December 31, 2021	88,628	42,990	131,618
Non-cash cost of land and improved development	(378)	(2,308)	(2,686)
Amortization of parcel real estate development investments	—	(1,964)	(1,964)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(445)	—	(445)
Capitalized real estate development investments (b)	—	4,435	4,435
Capital expenditures (silviculture)	139	—	139

Intersegment transfers	3,977	—	3,977

Total Balance at March 31, 2022	91,921	43,153	135,074
Less: Current portion (a)	(415)	(23,214)	(23,629)
Non-current portion at March 31, 2022	$91,506	$19,939	$111,445

(a)The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 14 — Inventory for additional information.

(b)Capitalized real estate development investments include $0.2 million of capitalized interest and $1.3 million of parcel real estate development investments. Parcel real estate development investments represent investments made for specific lots and/or commercial parcels that are currently under contract or expected to be ready for market within a year.