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Segment Reporting Disclosure (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Reconciliation of Internally Reported Income (Loss) from Operations to Externally Reported Income (Loss) from Operations by Business Segment
The following tables reconcile internally reported income (loss) from operations to externally reported income (loss) from operations by business segment.

In the fourth quarter of 2018, the Partnership changed its method of reporting costs incurred by the Partnership Timber segment on behalf of the TIM segment, and reclassified $109,000 of operating expenses for the first quarter of 2018 from the Partnership Timber segment to the TIM segment to conform to the current year presentation.

Quarter ended March 31, (in thousands)
Partnership Timber
 
Funds Timber
 
Timberland Investment Management
 
Real Estate
 
Other
 
Consolidated
2019
 
 
 
 
 
 
 
 
 
 
 
Revenue - internal
$
15,372

 
$
9,440

 
$
1,363

 
$
551

 
$

 
$
26,726

Eliminations
(201
)
 

 
(1,363
)
 
(120
)
 

 
(1,684
)
Revenue - external
15,171

 
9,440

 

 
431

 

 
25,042

 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
(7,188
)
 
(9,139
)
 

 
(281
)
 

 
(16,608
)
 
 
 
 
 
 
 
 
 
 
 
 
Operating, general and administrative expenses - internal
(1,317
)
 
(2,489
)
 
(1,290
)
 
(856
)
 
(1,790
)
 
(7,742
)
Eliminations
245

 
1,311

 
69

 
33

 
26

 
1,684

Operating, general and administrative expenses - external
(1,072
)
 
(1,178
)
 
(1,221
)
 
(823
)
 
(1,764
)
 
(6,058
)
Income (loss) from operations - internal
6,867

 
(2,188
)
 
73

 
(586
)
 
(1,790
)
 
2,376

Eliminations
44

 
1,311

 
(1,294
)
 
(87
)
 
26

 

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations - external
$
6,911

 
$
(877
)
 
$
(1,221
)
 
$
(673
)
 
$
(1,764
)
 
$
2,376

 
 
 
 
 
 
 
 
 
 
 
 
2018
 

 
 

 
 

 
 

 
 

 
 

Revenue - internal
$
15,247

 
$
9,541

 
$
1,024

 
$
443

 
$

 
$
26,255

Eliminations
(109
)
 

 
(1,024
)
 
(135
)
 

 
(1,268
)
Revenue - external
15,138

 
9,541

 

 
308

 

 
24,987

 
 
 
 
 
 
 
 
 
 
 
 
Cost of sales
(5,026
)
 
(6,952
)
 

 
(322
)
 

 
(12,300
)
 
 
 
 
 
 
 
 
 
 
 
 
Operating, general and administrative expenses - internal
(1,510
)
 
(1,806
)
 
(1,076
)
 
(955
)
 
(1,651
)
 
(6,998
)
Eliminations
159

 
1,024

 
20

 
35

 
30

 
1,268

Operating, general and administrative expenses -external
(1,351
)
 
(782
)
 
(1,056
)
 
(920
)
 
(1,621
)
 
(5,730
)
Income (loss) from operations - internal
8,711

 
783

 
(52
)
 
(834
)
 
(1,651
)
 
6,957

Eliminations
50

 
1,024

 
(1,004
)
 
(100
)
 
30

 

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations - external
$
8,761

 
$
1,807

 
$
(1,056
)
 
$
(934
)
 
$
(1,621
)
 
$
6,957