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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(in thousands, except
per unit amounts)
Revenue
 
Income (loss)
from operations
 
Net and comprehensive income (loss)
attributable to
unitholders
 
Basic and diluted
earnings (loss) per unit
2019
 
 
 
 
 
 
 
First quarter
$
25,042

 
$
2,376

 
$
3,311

 
$
0.75

Second quarter
27,975

 
189

 
2,205

 
0.50

Third quarter
27,948

 
(2,017
)
 
(579
)
 
(0.15
)
Fourth quarter
28,938

 
(4,546
)
 
(2,502
)
 
(0.59
)
2018
 

 
 

 
 

 
 

First quarter
$
24,987

 
$
6,957

 
$
5,718

 
$
1.31

Second quarter
27,912

 
3,809

 
199

 
0.04

Third quarter
28,008

 
4,172

 
2,644

 
0.60

Fourth quarter
22,647

 
(2,545
)
 
(1,778
)
 
(0.41
)

 
Quarterly fluctuations in data result from the addition and/or deferral of harvest volumes as well as the timing of real estate sales and environmental remediation charges, as disclosed in our quarterly filings. Management considered the disclosure requirements of Item 302(a)(3) and does not note any extraordinary, unusual, or infrequently occurring items except for the environmental remediation charges of $2.9 million, $2.7 million, and $1.6 million in the second quarter of 2018, fourth quarter of 2018, and fourth quarter of 2019, respectively, and the sale of one of Fund II’s tree farms for $26.5 million, with a resulting gain of $12.5 million, in the first quarter of 2017.