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OTHER ASSETS
 12 Months Ended
Dec. 31, 2024
Other Assets [Abstract]  
OTHER ASSETS OTHER ASSETS
The following table provides the composition of Other Assets for the two years ended December 31:
20242023
Long-term derivative contracts (a)$50,376$55,336
Long-term prepaid and secondary roads (b)9,97411,348
Patronage equity (b)9,3408,292
Long-term notes receivable (b)7,400—
Goodwill (b)6,9707,822
Equity investments (c)6,2525,947
Capitalized software costs (b)4,8665,427
Carbon credits (d)4,187419
Other (e)2,7612,964
Total$102,126$97,555
(a)See Note 1 — Summary of Significant Accounting Policies and Note 8 — Derivative Financial Instruments and Hedging Activities for further information on derivatives including their classification on the Consolidated Balance Sheets.
(c)Represents the cost basis in four joint venture entities by our New Zealand subsidiary, reflecting investments made for the establishment and enhancement of timber assets which the joint ventures will monetize upon maturation of the timber.
(d)See Note 1 — Summary of Significant Accounting Policies and Note 15 — Inventory for additional information on carbon credits.
(e)Includes the Executive Severance Pay Plan which provides benefits to eligible executives in the event of a change in control of the Company, deferred financing costs related to revolving debt, long-term prepaid stumpage and long term deposits.
    Changes in goodwill for the years ended December 31, 2024 and 2023 were:
20242023
Balance, January 1 (net of $0 of accumulated impairment)
$7,822 $7,863 
Changes to carrying amount
Foreign currency adjustment(852)(41)
Balance, December 31 (net of $0 of accumulated impairment)
$6,970 $7,822