Revenue (Tables)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Summary of Contract Assets

Significant changes in the contract asset balance during the period were as follows, and there were no contract liabilities as of December 31, 2018, and 2017:

Contract assets, January 1, 2018	$	—
Revenue recognized from the satisfaction of performance obligations	11,381
Revenue recognized from changes in estimates of variable consideration	151
Transferred to receivables from contract assets	(7,703		)
Total contract assets, December 31, 2018	3,829
Less: noncurrent portion included in other assets	(957		)
Current portion of contract assets, December 31, 2018	$	2,872

Disaggregation of Revenue

The following table breaks down revenue for the Real Estate segment for the years ended December 31, as follows:

	2018		2017		2016
Conservation land sale	$	—	$	5,056	$	2,360
Conservation easements	3,730		—		2,080
Gig Harbor residential	—		14,157		15,247
Gig Harbor commercial	—		3,500		—
Bremerton residential	1,375		—		—
Other residential	751		2,255		—
Other commercial	400		—		—
Unimproved land	205		—		1,784
Total land sales	6,461		24,968		21,471
Rentals and other	1,843		1,332		1,645
Total revenue	$	8,304	$	26,300	$	23,116

The following table presents revenue for the years ended December 31, as follows:

(in thousands)	2018		2017		2016
Partnership Timber
Log sale revenue - domestic	$	34,789	$	28,126	$	26,710
Log sale revenue - export brokers (indirect)	8,249		8,967		7,113
Timber deed sale revenue	92		422		347
Other revenue	2,292		2,157		2,105
Total revenue	$	45,422	$	39,672	$	36,275
Funds Timber
Log sale revenue - domestic	$	27,981	$	15,490	$	16,229
Log sale revenue - export brokers (indirect)	9,281		15,457		2,936
Timber deed sale revenue	11,440		2,337		1,440
Other revenue	1,117		558		424
Total revenue	$	49,819	$	33,842	$	21,029