REVENUE (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, and 2018:

	2019			2018
Contract assets, beginning of year	$	3,829		$	—
Revenue recognized from the satisfaction of performance obligations	2,488			11,381
Revenue recognized from changes in estimates of variable consideration	(85		)	151
Transferred to receivables from contract assets	(3,467		)	(7,703		)
Total contract assets, end of year	2,765			3,829
Less: noncurrent portion included in other assets	—			(957		)
Current portion of contract assets, end of year	$	2,765		$	2,872

Disaggregation of Revenue

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

(in thousands)	2019		2018		2017
Partnership Timber
Log sale revenue - domestic	$	30,732	$	34,789	$	28,126
Log sale revenue - export brokers (indirect)	6,873		8,249		8,967
Timber deed sale revenue	25		92		422
Other revenue	2,357		2,292		2,157
Total revenue	$	39,987	$	45,422	$	39,672
Funds Timber
Log sale revenue - domestic	$	36,949	$	27,981	$	15,490
Log sale revenue - export brokers (indirect)	7,480		9,281		15,457
Timber deed sale revenue	2,378		11,440		2,337
Other revenue	1,839		1,117		558
Total revenue	$	48,646	$	49,819	$	33,842

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

	2019		2018		2017
Conservation land sale	$	—	$	—	$	5,056
Conservation easements	2,610		3,730		—
Gig Harbor residential	12,025		—		14,157
Gig Harbor commercial	—		—		3,500
Bremerton residential	—		1,375		—
Other residential	770		751		2,255
Other commercial	—		400		—
Unimproved land	4,383		205		—
Total land sales	19,788		6,461		24,968
Rentals and other	1,464		1,843		1,332
Total revenue	$	21,252	$	8,304	$	26,300