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

9 Months Ended

Sep. 30, 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 September 30, 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	(712)	(10,989)	(11,701)
Amortization of parcel real estate development investments	—	(4,110)	(4,110)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(874)	—	(874)
Capitalized real estate development investments (b)	—	15,513	15,513
Capital expenditures (silviculture)	165	—	165

Intersegment transfers	5,717	—	5,717

Total Balance at September 30, 2022	92,924	43,404	136,328
Less: Current portion (a)	(1,726)	(18,618)	(20,344)
Non-current portion at September 30, 2022	$91,198	$24,786	$115,984

(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 $0.6 million of capitalized interest and $4.6 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.