SEGMENT AND MAJOR CUSTOMER INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reconciliation of Internally Reported Income (Loss) from Operations to Externally Reported Income (Loss) from Operations by Business Segment

Details of the Partnership’s operations by business segment for the years ended December 31 are as follows: 

(in thousands)
2019	Partnership Timber			Funds Timber			TIM			Real Estate			Other			Consolidated
Revenue internal		$40,785			$48,646			$5,760			$21,746			$—			$116,937
Eliminations	(798		)	—			(5,742		)	(494		)				(7,034		)
Revenue external	39,987			48,646			18			21,252			—			109,903
Cost of sales	(19,605		)	(48,142		)	—			(11,437		)	—			(79,184		)
Operating, general and administrative expenses - internal	(6,266		)	(11,322		)	(5,173		)	(5,258		)	(12,243		)	(40,262		)
Eliminations	978			5,532			280			140			104			7,034
Operating, general and administrative expenses - external	(5,288		)	(5,790		)	(4,893		)	(5,118		)	(12,139		)	(33,228		)
Environmental remediation	—			—			—			(1,576		)	—			(1,576		)
Gain (loss) on sale of timberland	87			—			—			—			—			87
Income (loss) from operations - internal	15,001			(10,818		)	587			3,475			(12,243		)	(3,998		)
Eliminations	180			5,532			(5,462		)	(354		)	104			—
Income (loss) from operations - external		$15,181			($5,286	)		($4,875	)		$3,121			($12,139	)		($3,998	)

(in thousands)
2018	Partnership Timber			Funds Timber			TIM			Real Estate			Other			Consolidated
Revenue internal		$45,916			$49,819			$4,576			$8,807			$—			$109,118
Eliminations	(494		)	—			(4,567		)	(503		)				(5,564		)
Revenue external	45,422			49,819			9			8,304			—			103,554
Cost of sales	(17,828		)	(36,732		)	—			(3,527		)	—			(58,087		)
Operating, general and administrative expenses - internal	(6,943		)	(9,239		)	(4,566		)	(4,723		)	(7,324		)	(32,795		)
Eliminations	675			4,567			71			144			107			5,564
Operating, general and administrative expenses - external	(6,268		)	(4,672		)	(4,495		)	(4,579		)	(7,217		)	(27,231		)
Environmental remediation	—			—			—			(5,600		)	—			(5,600		)
Income (loss) from operations - internal	21,145			3,848			10			(5,043		)	(7,324		)	12,636
Eliminations	181			4,567			(4,496		)	(359		)	107			—
Income (loss) from operations - external		$21,326			$8,415			($4,486	)		($5,402	)		($7,217	)		$12,636

(in thousands)
2017	Partnership Timber			Funds Timber			TIM			Real Estate			Other			Consolidated
Revenue internal		$40,004			$33,842			$3,377			$26,737			$—			$103,960
Eliminations	(332		)	—			(3,368		)	(437		)	—			(4,137		)
Revenue external	39,672			33,842			9			26,300			—			99,823
Cost of sales	(14,874		)	(26,910		)	—			(16,200		)	—			(57,984		)
Operating, general and administrative expenses - internal	(6,177		)	(7,261		)	(3,593		)	(5,594		)	(5,846		)	(28,471		)
Eliminations	506			3,368			73			86			104			4,137
Operating, general and administrative expenses - external	(5,671		)	(3,893		)	(3,520		)	(5,508		)	(5,742		)	(24,334		)
Gain (loss) on sale of timberland	—			12,547			—			—			—			12,547
Income (loss) from operations - internal	18,953			12,218			(216		)	4,943			(5,846		)	30,052
Eliminations	174			3,368			(3,295		)	(351		)	104			—
Income (loss) from operations - external		$19,127			$15,586			($3,511	)		$4,592			($5,742	)		$30,052

Schedule of Segment Reporting Information, by Segment

(in thousands)	2019		2018		2017
Depletion, depreciation, and amortization
Partnership Timber	$	4,791	$	4,228	$	4,121
Funds Timber	26,656		23,009		15,170
Timberland Investment Management	92		72		32
Real Estate	261		270		279
G&A	49		72		55
	31,849		27,651		19,657
Amortization of debt issuance costs	94		74		64
Total	$	31,943	$	27,725	$	19,721

Assets	2019		2018		2017
Partnership Timber	$	90,508	$	94,353	$	91,206
Funds Timber	366,551		370,386		244,846
Timberland Investment Management	215		211		83
Real Estate	31,267		36,382		39,420
G&A	5,008		6,917		5,118
Total	$	493,549	$	508,249	$	380,673

Capital and Land Expenditures	2019		2018		2017
Partnership Timber	$	2,207	$	8,186	$	7,168
Funds Timber	20,984		143,445		6,808
Timberland Investment Management	140		192		32
Real Estate project expenditures	2,772		3,210		7,588
Real Estate-other	37		213		2
G&A	69		65		58
Total	$	26,209	$	155,311	$	21,656