Segment Reporting Disclosure (Tables)

6 Months Ended

Jun. 30, 2019

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 $123,000 of operating expenses for the second quarter of 2018 and $232,000 for the first six months of 2018 from the Partnership Timber segment to the TIM segment to conform to the current year presentation.



Quarter ended June 30, (in thousands)	Partnership Timber			Funds Timber			Timberland Investment Management			Real Estate			Other			Consolidated
2019
Revenue - internal	$	14,389		$	12,750		$	1,479		$	1,148		$	—		$	29,766
Eliminations	(189		)	—			(1,479		)	(123		)	—			(1,791		)
Revenue - external	14,200			12,750			—			1,025			—			27,975

Cost of sales	(6,811		)	(13,237		)	—			(787		)	—			(20,835		)

Operating, general and administrative expenses - internal	(1,769		)	(2,749		)	(1,243		)	(1,179		)	(1,802		)	(8,742		)
Eliminations	234			1,430			67			34			26			1,791
Operating, general and administrative expenses - external	(1,535		)	(1,319		)	(1,176		)	(1,145		)	(1,776		)	(6,951		)
Income (loss) from operations - internal	5,809			(3,236		)	236			(818		)	(1,802		)	189
Eliminations	45			1,430			(1,412		)	(89		)	26			—

Income (loss) from operations - external	$	5,854		$	(1,806	)	$	(1,176	)	$	(907	)	$	(1,776	)	$	189

2018
Revenue - internal	$	5,693		$	17,917		$	1,140		$	4,542		$	—		$	29,292
Eliminations	(123		)	—			(1,140		)	(117		)	—			(1,380		)
Revenue - external	5,570			17,917			—			4,425			—			27,912

Cost of sales	(1,994		)	(11,870		)	—			(711		)	—			(14,575		)

Operating, general and administrative expenses - internal	(1,837		)	(2,525		)	(1,055		)	(1,163		)	(1,428		)	(8,008		)
Eliminations	42			1,140			139			34			25			1,380
Operating, general and administrative expenses -external	(1,795		)	(1,385		)	(916		)	(1,129		)	(1,403		)	(6,628		)
Environmental remediation	—			—			—			(2,900		)	—			(2,900		)
Income (loss) from operations - internal	1,862			3,522			85			(232		)	(1,428		)	3,809
Eliminations	(81		)	1,140			(1,001		)	(83		)	25			—

Income (loss) from operations - external	$	1,781		$	4,662		$	(916	)	$	(315	)	$	(1,403	)	$	3,809



Six Months Ended June 30, (in thousands)	Partnership Timber			Funds Timber			Timberland Investment Management			Real Estate			Other			Consolidated
2019
Revenue - internal	$	29,761		$	22,190		$	2,842		$	1,699		$	—		$	56,492
Eliminations	(390		)	—			(2,842		)	(243		)	—			(3,475		)
Revenue - external	29,371			22,190			—			1,456			—			53,017

Cost of sales	(13,999		)	(22,376		)	—			(1,068		)	—			(37,443		)

Operating, general and administrative expenses - internal	(3,086		)	(5,238		)	(2,533		)	(2,035		)	(3,592		)	(16,484		)
Eliminations	479			2,741			136			67			52			3,475
Operating, general and administrative expenses - external	(2,607		)	(2,497		)	(2,397		)	(1,968		)	(3,540		)	(13,009		)
Income (loss) from operations - internal	12,676			(5,424		)	309			(1,404		)	(3,592		)	2,565
Eliminations	89			2,741			(2,706		)	(176		)	52			—
Income (loss) from operations - external	$	12,765		$	(2,683	)	$	(2,397	)	$	(1,580	)	$	(3,540	)	$	2,565

2018
Revenue - internal	$	20,940		$	27,458		$	2,164		$	4,985		$	—		$	55,547
Eliminations	(232		)	—			(2,164		)	(252		)	—			(2,648		)
Revenue - external	20,708			27,458			—			4,733			—			52,899

Cost of sales	(7,020		)	(18,822		)	—			(1,033		)	—			(26,875		)

Operating, general and administrative expenses - internal	(3,347		)	(4,331		)	(2,131		)	(2,118		)	(3,079		)	(15,006		)
Eliminations	92			2,164			268			69			55			2,648
Operating, general and administrative expenses - external	(3,255		)	(2,167		)	(1,863		)	(2,049		)	(3,024		)	(12,358		)
Environmental remediation				—			—			(2,900		)	—			(2,900		)
Income (loss) from operations - internal	10,573			4,305			33			(1,066		)	(3,079		)	10,766
Eliminations	(140		)	2,164			(1,896		)	(183		)	55			—
Income (loss) from operations - external	$	10,433		$	6,469		$	(1,863	)	$	(1,249	)	$	(3,024	)	$	10,766

POPE RESOURCES LTD PARTNERSHIP 10-Q