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Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2014 shares
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	POPE
Entity Registrant Name	POPE RESOURCES LTD PARTNERSHIP
Entity Central Index Key	0000784011
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	4,434,250

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current assets
Partnership cash and cash equivalents	$ 16,351	$ 5,704
ORM Timber Funds cash	1,293	1,256
Cash and cash equivalents	17,644	6,960
Short-term investments	3,000
Accounts receivable, net	2,822	1,501
Land held for sale	4,083	10,258
Prepaid expenses and other	1,569	1,660
Total current assets	29,118	20,379
Properties and equipment, at cost
Timber and roads, net of accumulated depletion (2014 - $99,484; 2013 - $92,971)	206,452	211,946
Timberland	44,946	44,946
Land held for development	27,790	27,040
Buildings and equipment, net of accumulated depreciation (2014 - $6,647; 2013 - $6,437)	6,076	6,205
Total properties and equipment, at cost	285,264	290,137
Other assets	452	392
Total assets	314,834	310,908
Current liabilities
Accounts payable	1,959	2,196
Accrued liabilities	2,306	4,109
Current portion of long-term debt	108	109
Deferred revenue	1,342	599
Other current liabilities	986	966
Total current liabilities	6,701	7,979
Long-term debt, net of current portion	75,527	75,581
Environmental remediation and other long-term liabilities	12,542	12,734
Partners' capital and noncontrolling interests
General partners' capital (units issued and outstanding 2014 - 60; 2013 - 60)	1,098	974
Limited partners' capital (units issued and outstanding 2014 - 4,333; 2013 - 4,312)	77,416	68,471
Noncontrolling interests	141,550	145,169
Total partners' capital and noncontrolling interests	220,064	214,614
Total liabilities and equity	$ 314,834	$ 310,908

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Timber and roads, accumulated depletion	$ 99,484	$ 92,971
Buildings and equipment, accumulated depreciation	$ 6,647	$ 6,437
General partners' capital, units issued	60	60
General partners' capital, units outstanding	60	60
Limited partners' capital, units issued	4,333	4,312
Limited partners' capital, units outstanding	4,333	4,312

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue	$ 18,583	$ 23,197	$ 56,362	$ 39,915
Cost of sales	(11,377)	(12,085)	(30,301)	(20,949)
Operating expenses	(3,619)	(3,015)	(6,904)	(5,918)
General and administrative expenses	(450)	(1,238)	(1,772)	(2,431)
Income from operations	3,137	6,859	17,385	10,617
Other expense
Interest expense, net	(629)	(343)	(1,203)	(698)
Income before income taxes	2,508	6,516	16,182	9,919
Income tax benefit (expense)	(69)	2	(226)	16
Net income	2,439	6,518	15,956	9,935
Net income attributable to noncontrolling interests - ORM Timber Funds	(593)	(390)	(1,869)	(323)
Net and comprehensive income attributable to unitholders	1,846	6,128	14,087	9,612
Allocable to general partners	25	84	193	132
Allocable to limited partners	1,821	6,044	13,894	9,480
Net and comprehensive income attributable to unitholders	$ 1,846	$ 6,128	$ 14,087	$ 9,612
Basic and diluted earnings per unit attributable to unitholders	$ 0.41	$ 1.34	$ 3.17	$ 2.11
Basic and diluted weighted average units outstanding	4,391	4,369	4,389	4,367
Distributions per unit	$ 0.65	$ 0.45	$ 1.20	$ 0.90

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Net income	$ 15,956	$ 9,935
Adjustments to reconcile net income to net cash provided by operating activities
Depletion	6,451	6,446
Timber depletion on land sale		296
Equity-based compensation	521	763
Depreciation and amortization	359	345
Deferred taxes	94	(97)
Cost of land sold	7,618	940
Loss (gain) on disposal of property and equipment	(1)	57
Cash flows from changes in operating accounts
Accounts receivable, net	(1,321)	(510)
Prepaid expenses and other assets	(43)	98
Real estate project expenditures	(2,128)	(1,491)
Accounts payable and accrued liabilities	(2,040)	291
Deferred revenue	743	176
Environmental remediation	(214)	(253)
Other current and long-term liabilities	(4)	14
Net cash provided by operating activities	25,991	17,010
Cash flows from investing activities
Purchase of short-term investments	(3,000)
Reforestation and roads	(1,083)	(853)
Buildings and equipment	(143)	(183)
Proceeds from sale of property and equipment	1
Net cash used in investing activities	(4,225)	(1,036)
Cash flows from financing activities
Repayment of long-term debt	(55)	(57)
Proceeds from preferred stock issuance - ORM Timber Funds	125
Payroll taxes paid on unit net settlements	(196)	(241)
Cash distributions to unitholders	(5,343)	(3,999)
Cash distributions - ORM Timber Funds, net of distributions to Partnership	(5,613)	(4,267)
Capital call - ORM Timber Funds, net of Partnership contribution		137
Net cash used in financing activities	(11,082)	(8,427)
Net increase in cash and cash equivalents	10,684	7,547
Cash and cash equivalents at beginning of period	6,960	3,779
Cash and cash equivalents at end of period	$ 17,644	$ 11,326

Organization, Consolidation and Presentation of Financial Statements Disclosure

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements Disclosure

The condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013 and the related condensed consolidated statements of comprehensive income for the three- and six-month periods and cash flows for the six-month periods ended June 30, 2014 and 2013 have been prepared by Pope Resources, A Delaware Limited Partnership (the “Partnership”), pursuant to the rules and regulations of the Securities and Exchange Commission. The condensed consolidated financial statements are unaudited, but, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments and accruals) necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. The financial information as of December 31, 2013, is derived from the Partnership’s audited consolidated financial statements and notes thereto for the year ended December 31, 2013, and should be read in conjunction with such financial statements and notes. The results of operations for the interim periods are not indicative of the results of operations that may be achieved for the entire fiscal year ending December 31, 2014.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

Significant Accounting Policies

The financial statements in the Partnership’s 2013 annual report on Form 10-K include a summary of significant accounting policies of the Partnership and should be read in conjunction with this Quarterly Report on Form 10-Q. On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Partnership is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Partnership has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Short-Term Investments

6 Months Ended

Jun. 30, 2014

Short-Term Investments

3.	Short-term investments consist of certificates of deposit maturing 180 days from the date of purchase.

Partners' Capital Notes Disclosure

6 Months Ended

Jun. 30, 2014

Partners' Capital Notes Disclosure

4.	The Partnership has two general partners: Pope MGP, Inc. and Pope EGP, Inc. In total, these two entities own 60,000 partnership units. The allocation of distributions, profits and losses between the general and limited partners is pro rata across all units outstanding.

Balance Sheet Of Partnership Co-Investments

6 Months Ended

Jun. 30, 2014

Balance Sheet Of Partnership Co-Investments

ORM Timber Fund I, LP (Fund I), ORM Timber Fund II, Inc. (Fund II), and ORM Timber Fund III (REIT) Inc. (Fund III), collectively “the Funds”, were formed by Olympic Resource Management LLC (ORMLLC), a wholly owned subsidiary of Pope Resources, for the purpose of attracting capital to purchase timberlands. The objective of these Funds is to generate a return on investments through the acquisition, management, value enhancement and sale of timberland properties. Each Fund will operate for a term of ten years from the end of the respective drawdown period, with Fund I terminating in August 2017, Fund II terminating in March 2021, and Fund III terminating on the tenth anniversary of the completion of its drawdown period. Fund III’s drawdown period will end at the earlier of placement of all committed capital or July 31, 2015.

Pope Resources and ORMLLC together own 20% of Fund I and Fund II and 5% of Fund III. The Funds are consolidated into the Partnership’s financial statements based in part on ORMLLC’s controlling role as the general partner or managing member of the Funds. The consolidated financial statements exclude management fees paid by the Funds to ORMLLC as they are eliminated in consolidation. See note 6 for a breakdown of operating results before and after such eliminations. The portion of these fees, among other items of income and expense, attributed to third-party investors is reflected as an adjustment to income in the Partnership’s Condensed Consolidated Statement of Comprehensive Income under the caption “Net income attributable to noncontrolling interests - ORM Timber Funds.”

The Partnership’s condensed consolidated balance sheet included assets and liabilities of the Funds as of June 30, 2014 and December 31, 2013, which were as follows:

(in thousands)	June 30, 2014		December 31, 2013
Assets:
Cash	$	1,293	$	1,256
Other current assets		1,232		362
Total current assets		2,525		1,618
Timber, timberland and roads, net of accumulated depletion (2014 - $33,896; 2013 - $28,713)		207,403		211,871
Other long-term assets		117		125
Total assets	$	210,045	$	213,614
Liabilities and equity:
Current liabilities excluding long-term debt	$	2,470	$	1,747
Current portion of long-term debt		-		3
Total current liabilities		2,470		1,750
Long-term debt, net of current portion		42,980		42,980
Total liabilities		45,450		44,730
Funds' equity		164,595		168,884
Total liabilities and equity	$	210,045	$	213,614

Segment Reporting Disclosure

6 Months Ended

Jun. 30, 2014

Segment Reporting Disclosure

In the presentation of the Partnership’s revenue and operating income (loss) by segment, all intersegment revenue and expense is eliminated to determine operating income (loss) reported externally. The following tables reconcile internally reported income (loss) from operations to externally reported income (loss) from operations by business segment, for the three and six months ended June 30, 2014 and 2013:

	Fee Timber
Three Months Ended	Pope Resources			ORM Timber			Total Fee			Timberland			Real
June 30, (in thousands)	Timber			Funds			Timber			Management			Estate			Other			Consolidated
2014
Revenue internal	$	8,884		$	8,772		$	17,656		$	840		$	1,118		$	-		$	19,614
Eliminations		(161	)		-			(161	)		(840	)		(30	)		-			(1,031	)
Revenue external		8,723			8,772			17,495			-			1,088			-			18,583

Cost of sales		(4,244	)		(6,091	)		(10,335	)		-			(1,042	)		-			(11,377	)

Operating, general and
administrative expenses internal		(1,430	)		(1,521	)		(2,951	)		(671	)		(998	)		(480	)		(5,100	)
Eliminations		-			840			840			161			-			30			1,031
Operating, general and
administrative expenses external		(1,430	)		(681	)		(2,111	)		(510	)		(998	)		(450	)		(4,069	)

Income (loss) from operations
internal		3,210			1,160			4,370			169			(922	)		(480	)		3,137
Eliminations		(161	)		840			679			(679	)		(30	)		30			-
Income (loss) from operations
external	$	3,049		$	2,000		$	5,049		$	(510	)	$	(952	)	$	(450	)	$	3,137

2013
Revenue internal	$	8,552		$	8,700		$	17,252		$	740		$	6,127		$	-		$	24,119
Eliminations		(140	)		-			(140	)		(740	)		(42	)		-			(922	)
Revenue external		8,412			8,700			17,112			-			6,085			-			23,197

Cost of sales		(3,499	)		(6,705	)		(10,204	)		-			(1,881	)		-			(12,085	)

Operating, general and
administrative expenses internal		(1,115	)		(1,297	)		(2,412	)		(637	)		(858	)		(1,268	)		(5,175	)
Eliminations		12			740			752			140			-			30			922
Operating, general and
administrative expenses external		(1,103	)		(557	)		(1,660	)		(497	)		(858	)		(1,238	)		(4,253	)

Income (loss) from operations
internal		3,938			698			4,636			103			3,388			(1,268	)		6,859
Eliminations		(128	)		740			612			(600	)		(42	)		30			-
Income (loss) from operations
external	$	3,810		$	1,438		$	5,248		$	(497	)	$	3,346		$	(1,238	)	$	6,859

	Fee Timber
Six Months Ended	Pope Resources			ORM Timber			Total			Timberland			Real
June 30, (in thousands)	Timber			Funds			Fee Timber			Management			Estate			Other			Consolidated
2014
Revenue internal	$	20,182		$	19,737		$	39,919		$	1,715		$	16,817		$	-		$	58,451
Eliminations		(315	)					(315	)		(1,715	)		(59	)		-			(2,089	)
Revenue external		19,867			19,737			39,604			-			16,758			-			56,362

Cost of sales		(8,154	)		(13,285	)		(21,439	)		-			(8,862	)		-			(30,301	)

Operating, general and
administrative expenses internal		(2,530	)		(3,080	)		(5,610	)		(1,435	)		(1,889	)		(1,831	)		(10,765	)
Eliminations					1,715			1,715			315			-			59			2,089
Operating, general and
administrative expenses external		(2,530	)		(1,365	)		(3,895	)		(1,120	)		(1,889	)		(1,772	)		(8,676	)

Income (loss) from operations
internal		9,498			3,372			12,870			280			6,066			(1,831	)		17,385
Eliminations		(315	)		1,715			1,400			(1,400	)		(59	)		59			-
Income (loss) from operations
external	$	9,183		$	5,087		$	14,270		$	(1,120	)	$	6,007		$	(1,772	)	$	17,385

2013
Revenue internal	$	19,757		$	14,078		$	33,835		$	1,413		$	6,444		$	-		$	41,692
Eliminations		(281	)		-			(281	)		(1,413	)		(83	)		-			(1,777	)
Revenue external		19,476			14,078			33,554			-			6,361			-			39,915

Cost of sales		(8,020	)		(10,760	)		(18,780	)		-			(2,169	)		-			(20,949	)

Operating, general and
administrative expenses internal		(2,147	)		(2,502	)		(4,649	)		(1,290	)		(1,697	)		(2,490	)		(10,126	)
Eliminations		24			1,413			1,437			281			-			59			1,777
Operating, general and
administrative expenses external		(2,123	)		(1,089	)		(3,212	)		(1,009	)		(1,697	)		(2,431	)		(8,349	)

Income (loss) from operations
internal		9,590			816			10,406			123			2,578			(2,490	)		10,617
Eliminations		(257	)		1,413			1,156			(1,132	)		(83	)		59			-
Income (loss) from operations
external	$	9,333		$	2,229		$	11,562		$	(1,009	)	$	2,495		$	(2,431	)	$	10,617

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share

Basic and diluted earnings per unit are calculated by dividing net income attributable to unitholders, adjusted for non-forfeitable distributions paid out to unvested restricted unitholders and preferred shareholders of Fund II and Fund III, by the weighted average units outstanding during the period. There were no dilutive securities outstanding during the periods presented. The following table shows how we arrived at basic and diluted income per unit:

	Quarter Ended						Six Months Ended
	June 30						June 30
(in thousands, except per unit amounts)	2014			2013			2014			2013
Net income attributable to Pope Resources' unitholders	$	1,846		$	6,128		$	14,087		$	9,612
Less:
Net income attributable to unvested restricted unitholders		(30	)		(263	)		(175	)		(410	)
Preferred share dividends - ORM Timber Funds		(8	)		(4	)		(16	)		(8	)
Net income for calculation of EPS	$	1,808		$	5,861		$	13,896		$	9,194

Basic and diluted weighted average units outstanding		4,391			4,369			4,389			4,367

Basic and diluted earnings per unit	$	0.41		$	1.34		$	3.17		$	2.11

Stock Based Compensation

6 Months Ended

Jun. 30, 2014

Stock Based Compensation

In January 2014, the Partnership granted 9,966 restricted units pursuant to the management incentive compensation program. These restricted units vest ratably over four years with the grant date fair value equal to the market price on the date of grant. Simultaneous with the restricted unit grant to management, members of our Board of Directors received 3,000 restricted units. Restricted units granted to directors are not part of the management incentive compensation program, but are included in the calculation of total equity compensation expense. These awards to directors vest 50% on the third anniversary and 50% on the fourth anniversary of the date of grant. Total equity compensation expense is recognized over the vesting period. We recognized $72,000 and $227,000 of equity compensation expense in the second quarter of 2014 and 2013, respectively, and $521,000 and $763,000 for the first half of 2014 and 2013, respectively, related to these incentive compensation programs.

Cash Flow, Supplemental Disclosures

6 Months Ended

Jun. 30, 2014

Cash Flow, Supplemental Disclosures

Supplemental disclosure of cash flow information: interest paid, net of amounts capitalized, totaled $1.0 million and $614,000 for the first half of 2014 and 2013, respectively. During the six months ended June 30, 2014, the Partnership paid income taxes of $33,000 and received a net income tax refund of $240,000 in the first six months of 2013.

Fair Value Disclosures

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures

10.

The Partnership’s financial instruments include cash and cash equivalents, short-term investments and accounts receivable, for which the carrying amount of each represents fair value based on current market interest rates or their short-term nature. Carrying amounts of contracts receivable, although long-term, also approximate fair value based on current market rates.

The Partnership’s and the Funds’ fixed-rate debt collectively have a carrying value of $75.6 million and $75.7 million as of June 30, 2014 and December 31, 2013, respectively. The estimated fair value of this debt, based on current interest rates for similar instruments (Level 2 inputs in the Fair Value Hierarchy), is approximately $80.8 million and $77.5 million, as of June 30, 2014 and December 31, 2013, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies

11.

The Partnership had an accrual for estimated environmental remediation costs of $13.0 million and $13.2 million as of June 30, 2014 and December 31, 2013, respectively. The environmental remediation liability represents management’s estimate of payments to be made to monitor and remediate certain areas in and around the townsite/millsite of Port Gamble, and at Port Ludlow, Washington.

In December of 2013, a consent decree and Clean-up Action Plan (CAP) related to Port Gamble were finalized with the Department of Ecology (DOE) and filed with Kitsap County Superior Court. The scope of the clean-up in the final CAP is substantially the same as was contemplated in the second quarter of 2012 when an additional accrual of $12.5 million was recorded. Certain unresolved issues remain; principally related to the degree to which the Department of Natural Resources (DNR), the other potentially liable party (PLP) in Port Gamble, is going to participate in funding the costs of clean-up.

In developing its estimate of the Port Gamble environmental liability, management has employed a Monte Carlo statistical simulation model that suggests a potential aggregate range of clean-up costs from $11.4 million to $15.3 million. The $12.9 million liability recorded by the Company as of June 30, 2014 is based on the 50th percentile within the range, which management considers the best estimate of the most likely outcome.

The environmental liability at June 30, 2014 is comprised of $700,000 that management expects to expend in the next 12 months and $12.3 million thereafter and these amounts are included in other current liabilities and other long-term liabilities, respectively.

Activity in the environmental liability is as follows:

	Balances at		Additions		Expenditures
	the Beginning		to		for		Balance at
(in thousands)	of the Period		Accrual		Remediation		Period-end
Year ended December 31, 2012	$	2,203	$	12,500	$	761	$	13,942
Year ended December 31, 2013		13,942		-		701		13,241
Quarter ended March 31, 2014		13,241		-		11		13,230
Quarter ended June 30, 2014		13,230		-		203		13,027

Balance Sheet Of Partnership Co-Investments (Tables)

6 Months Ended

Jun. 30, 2014

Partnership's Consolidated Balance Sheet included Assets and Liabilities of Funds

The Partnership’s condensed consolidated balance sheet included assets and liabilities of the Funds as of June 30, 2014 and December 31, 2013, which were as follows:

(in thousands)	June 30, 2014		December 31, 2013
Assets:
Cash	$	1,293	$	1,256
Other current assets		1,232		362
Total current assets		2,525		1,618
Timber, timberland and roads, net of accumulated depletion (2014 - $33,896; 2013 - $28,713)		207,403		211,871
Other long-term assets		117		125
Total assets	$	210,045	$	213,614
Liabilities and equity:
Current liabilities excluding long-term debt	$	2,470	$	1,747
Current portion of long-term debt		-		3
Total current liabilities		2,470		1,750
Long-term debt, net of current portion		42,980		42,980
Total liabilities		45,450		44,730
Funds' equity		164,595		168,884
Total liabilities and equity	$	210,045	$	213,614

Segment Reporting Disclosure (Tables)

6 Months Ended

Jun. 30, 2014

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

	Fee Timber
Three Months Ended	Pope Resources			ORM Timber			Total Fee			Timberland			Real
June 30, (in thousands)	Timber			Funds			Timber			Management			Estate			Other			Consolidated
2014
Revenue internal	$	8,884		$	8,772		$	17,656		$	840		$	1,118		$	-		$	19,614
Eliminations		(161	)		-			(161	)		(840	)		(30	)		-			(1,031	)
Revenue external		8,723			8,772			17,495			-			1,088			-			18,583

Cost of sales		(4,244	)		(6,091	)		(10,335	)		-			(1,042	)		-			(11,377	)

Operating, general and
administrative expenses internal		(1,430	)		(1,521	)		(2,951	)		(671	)		(998	)		(480	)		(5,100	)
Eliminations		-			840			840			161			-			30			1,031
Operating, general and
administrative expenses external		(1,430	)		(681	)		(2,111	)		(510	)		(998	)		(450	)		(4,069	)

Income (loss) from operations
internal		3,210			1,160			4,370			169			(922	)		(480	)		3,137
Eliminations		(161	)		840			679			(679	)		(30	)		30			-
Income (loss) from operations
external	$	3,049		$	2,000		$	5,049		$	(510	)	$	(952	)	$	(450	)	$	3,137

2013
Revenue internal	$	8,552		$	8,700		$	17,252		$	740		$	6,127		$	-		$	24,119
Eliminations		(140	)		-			(140	)		(740	)		(42	)		-			(922	)
Revenue external		8,412			8,700			17,112			-			6,085			-			23,197

Cost of sales		(3,499	)		(6,705	)		(10,204	)		-			(1,881	)		-			(12,085	)

Operating, general and
administrative expenses internal		(1,115	)		(1,297	)		(2,412	)		(637	)		(858	)		(1,268	)		(5,175	)
Eliminations		12			740			752			140			-			30			922
Operating, general and
administrative expenses external		(1,103	)		(557	)		(1,660	)		(497	)		(858	)		(1,238	)		(4,253	)

Income (loss) from operations
internal		3,938			698			4,636			103			3,388			(1,268	)		6,859
Eliminations		(128	)		740			612			(600	)		(42	)		30			-
Income (loss) from operations
external	$	3,810		$	1,438		$	5,248		$	(497	)	$	3,346		$	(1,238	)	$	6,859

	Fee Timber
Six Months Ended	Pope Resources			ORM Timber			Total			Timberland			Real
June 30, (in thousands)	Timber			Funds			Fee Timber			Management			Estate			Other			Consolidated
2014
Revenue internal	$	20,182		$	19,737		$	39,919		$	1,715		$	16,817		$	-		$	58,451
Eliminations		(315	)					(315	)		(1,715	)		(59	)		-			(2,089	)
Revenue external		19,867			19,737			39,604			-			16,758			-			56,362

Cost of sales		(8,154	)		(13,285	)		(21,439	)		-			(8,862	)		-			(30,301	)

Operating, general and
administrative expenses internal		(2,530	)		(3,080	)		(5,610	)		(1,435	)		(1,889	)		(1,831	)		(10,765	)
Eliminations					1,715			1,715			315			-			59			2,089
Operating, general and
administrative expenses external		(2,530	)		(1,365	)		(3,895	)		(1,120	)		(1,889	)		(1,772	)		(8,676	)

Income (loss) from operations
internal		9,498			3,372			12,870			280			6,066			(1,831	)		17,385
Eliminations		(315	)		1,715			1,400			(1,400	)		(59	)		59			-
Income (loss) from operations
external	$	9,183		$	5,087		$	14,270		$	(1,120	)	$	6,007		$	(1,772	)	$	17,385

2013
Revenue internal	$	19,757		$	14,078		$	33,835		$	1,413		$	6,444		$	-		$	41,692
Eliminations		(281	)		-			(281	)		(1,413	)		(83	)		-			(1,777	)
Revenue external		19,476			14,078			33,554			-			6,361			-			39,915

Cost of sales		(8,020	)		(10,760	)		(18,780	)		-			(2,169	)		-			(20,949	)

Operating, general and
administrative expenses internal		(2,147	)		(2,502	)		(4,649	)		(1,290	)		(1,697	)		(2,490	)		(10,126	)
Eliminations		24			1,413			1,437			281			-			59			1,777
Operating, general and
administrative expenses external		(2,123	)		(1,089	)		(3,212	)		(1,009	)		(1,697	)		(2,431	)		(8,349	)

Income (loss) from operations
internal		9,590			816			10,406			123			2,578			(2,490	)		10,617
Eliminations		(257	)		1,413			1,156			(1,132	)		(83	)		59			-
Income (loss) from operations
external	$	9,333		$	2,229		$	11,562		$	(1,009	)	$	2,495		$	(2,431	)	$	10,617

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Basic and Diluted Income Per Unit

	Quarter Ended						Six Months Ended
	June 30						June 30
(in thousands, except per unit amounts)	2014			2013			2014			2013
Net income attributable to Pope Resources' unitholders	$	1,846		$	6,128		$	14,087		$	9,612
Less:
Net income attributable to unvested restricted unitholders		(30	)		(263	)		(175	)		(410	)
Preferred share dividends - ORM Timber Funds		(8	)		(4	)		(16	)		(8	)
Net income for calculation of EPS	$	1,808		$	5,861		$	13,896		$	9,194

Basic and diluted weighted average units outstanding		4,391			4,369			4,389			4,367

Basic and diluted earnings per unit	$	0.41		$	1.34		$	3.17		$	2.11

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2014

Activity in Environmental

Activity in the environmental liability is as follows:

	Balances at		Additions		Expenditures
	the Beginning		to		for		Balance at
(in thousands)	of the Period		Accrual		Remediation		Period-end
Year ended December 31, 2012	$	2,203	$	12,500	$	761	$	13,942
Year ended December 31, 2013		13,942		-		701		13,241
Quarter ended March 31, 2014		13,241		-		11		13,230
Quarter ended June 30, 2014		13,230		-		203		13,027

Short-Term Investments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014
Investment [Line Items]
Certificates of deposit maturity period	180 days

Partners' Capital Notes Disclosure - Additional Information (Detail) shares in Thousands	Jun. 30, 2014 Partner shares	Dec. 31, 2013 shares
Other Ownership Interests [Line Items]
Number of partnership units owned by two general partners \| shares	60	60
Number of general partner \| Partner	2

Balance Sheet of Partnership Co-Investments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014
Fund I
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Operating term for Fund	10 years
Termination agreement date	2017-08
Pope Resources and ORMLLC combined ownership percentage	20.00%
Fund II
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Operating term for Fund	10 years
Termination agreement date	2021-03
Pope Resources and ORMLLC combined ownership percentage	20.00%
Fund III
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Operating term for Fund	10 years
Termination agreement description	Fund III terminating on the tenth anniversary of the completion of its drawdown period. Fund III's drawdown period will end at the earlier of placement of all committed capital or July 31, 2015.
Pope Resources and ORMLLC combined ownership percentage	5.00%

Partnership's Consolidated Balance Sheet included Assets and Liabilities of Funds (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Assets:
Cash	$ 1,293	$ 1,256
Total current assets	29,118	20,379
Timber, timberland and roads, net of accumulated depletion (2014 - $33,896; 2013 - $28,713)	285,264	290,137
Other long-term assets	452	392
Total assets	314,834	310,908
Liabilities and equity:
Current liabilities excluding long-term debt	986	966
Current portion of long-term debt	108	109
Total current liabilities	6,701	7,979
Long-term debt, net of current portion	75,527	75,581
Total liabilities and equity	314,834	310,908
ORM Timber Funds
Assets:
Cash	1,293	1,256
Other current assets	1,232	362
Total current assets	2,525	1,618
Timber, timberland and roads, net of accumulated depletion (2014 - $33,896; 2013 - $28,713)	207,403	211,871
Other long-term assets	117	125
Total assets	210,045	213,614
Liabilities and equity:
Current liabilities excluding long-term debt	2,470	1,747
Current portion of long-term debt		3
Total current liabilities	2,470	1,750
Long-term debt, net of current portion	42,980	42,980
Total liabilities	45,450	44,730
Funds' equity	164,595	168,884
Total liabilities and equity	$ 210,045	$ 213,614

Partnership's Consolidated Balance Sheet included Assets and Liabilities of Funds (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Timber, Timberland and roads, accumulated depletion	$ 99,484	$ 92,971
ORM Timber Funds
Condensed Financial Statements, Captions [Line Items]
Timber, Timberland and roads, accumulated depletion	$ 33,896	$ 28,713

Reconciliation of Internally Reported Income (Loss) from Operations to Externally Reported Income (Loss) from Operations by Business Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	$ 18,583	$ 23,197	$ 56,362	$ 39,915
Cost of sales	(11,377)	(12,085)	(30,301)	(20,949)
Operating, general and administrative expenses	(4,069)	(4,253)	(8,676)	(8,349)
Income (loss) from operations	3,137	6,859	17,385	10,617
Internal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	19,614	24,119	58,451	41,692
Operating, general and administrative expenses	(5,100)	(5,175)	(10,765)	(10,126)
Income (loss) from operations	3,137	6,859	17,385	10,617
Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(1,031)	(922)	(2,089)	(1,777)
Operating, general and administrative expenses	1,031	922	2,089	1,777
Fee Timber
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	17,495	17,112	39,604	33,554
Cost of sales	(10,335)	(10,204)	(21,439)	(18,780)
Operating, general and administrative expenses	(2,111)	(1,660)	(3,895)	(3,212)
Income (loss) from operations	5,049	5,248	14,270	11,562
Fee Timber \| Pope Resources Timber
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	8,723	8,412	19,867	19,476
Cost of sales	(4,244)	(3,499)	(8,154)	(8,020)
Operating, general and administrative expenses	(1,430)	(1,103)	(2,530)	(2,123)
Income (loss) from operations	3,049	3,810	9,183	9,333
Fee Timber \| ORM Timber Funds
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	8,772	8,700	19,737	14,078
Cost of sales	(6,091)	(6,705)	(13,285)	(10,760)
Operating, general and administrative expenses	(681)	(557)	(1,365)	(1,089)
Income (loss) from operations	2,000	1,438	5,087	2,229
Fee Timber \| Internal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	17,656	17,252	39,919	33,835
Operating, general and administrative expenses	(2,951)	(2,412)	(5,610)	(4,649)
Income (loss) from operations	4,370	4,636	12,870	10,406
Fee Timber \| Internal \| Pope Resources Timber
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	8,884	8,552	20,182	19,757
Operating, general and administrative expenses	(1,430)	(1,115)	(2,530)	(2,147)
Income (loss) from operations	3,210	3,938	9,498	9,590
Fee Timber \| Internal \| ORM Timber Funds
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	8,772	8,700	19,737	14,078
Operating, general and administrative expenses	(1,521)	(1,297)	(3,080)	(2,502)
Income (loss) from operations	1,160	698	3,372	816
Fee Timber \| Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(161)	(140)	(315)	(281)
Operating, general and administrative expenses	840	752	1,715	1,437
Income (loss) from operations	679	612	1,400	1,156
Fee Timber \| Eliminations \| Pope Resources Timber
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(161)	(140)	(315)	(281)
Operating, general and administrative expenses		12		24
Income (loss) from operations	(161)	(128)	(315)	(257)
Fee Timber \| Eliminations \| ORM Timber Funds
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating, general and administrative expenses	840	740	1,715	1,413
Income (loss) from operations	840	740	1,715	1,413
Timberland Management
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating, general and administrative expenses	(510)	(497)	(1,120)	(1,009)
Income (loss) from operations	(510)	(497)	(1,120)	(1,009)
Timberland Management \| Internal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	840	740	1,715	1,413
Operating, general and administrative expenses	(671)	(637)	(1,435)	(1,290)
Income (loss) from operations	169	103	280	123
Timberland Management \| Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(840)	(740)	(1,715)	(1,413)
Operating, general and administrative expenses	161	140	315	281
Income (loss) from operations	(679)	(600)	(1,400)	(1,132)
Real Estate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	1,088	6,085	16,758	6,361
Cost of sales	(1,042)	(1,881)	(8,862)	(2,169)
Operating, general and administrative expenses	(998)	(858)	(1,889)	(1,697)
Income (loss) from operations	(952)	3,346	6,007	2,495
Real Estate \| Internal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	1,118	6,127	16,817	6,444
Operating, general and administrative expenses	(998)	(858)	(1,889)	(1,697)
Income (loss) from operations	(922)	3,388	6,066	2,578
Real Estate \| Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenue	(30)	(42)	(59)	(83)
Income (loss) from operations	(30)	(42)	(59)	(83)
Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating, general and administrative expenses	(450)	(1,238)	(1,772)	(2,431)
Income (loss) from operations	(450)	(1,238)	(1,772)	(2,431)
Other \| Internal
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating, general and administrative expenses	(480)	(1,268)	(1,831)	(2,490)
Income (loss) from operations	(480)	(1,268)	(1,831)	(2,490)
Other \| Eliminations
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating, general and administrative expenses	30	30	59	59
Income (loss) from operations	$ 30	$ 30	$ 59	$ 59

Basic and Diluted Income (Loss) per Unit (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share Disclosure [Line Items]
Net income attributable to Pope Resources' unitholders	$ 1,846	$ 6,128	$ 14,087	$ 9,612
Net income attributable to unvested restricted unitholders	(30)	(263)	(175)	(410)
Preferred share dividends - ORM Timber Funds	(8)	(4)	(16)	(8)
Net income for calculation of EPS	$ 1,808	$ 5,861	$ 13,896	$ 9,194
Basic and diluted weighted average units outstanding	4,391	4,369	4,389	4,367
Basic and diluted earnings per unit	$ 0.41	$ 1.34	$ 3.17	$ 2.11

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Stock Based Compensation - Additional Information (Detail) - Restricted Units - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation units, granted in period	9,966
Vesting period of restricted stock unit award	4 years
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation expense		$ 72,000	$ 227,000	$ 521,000	$ 763,000
Board of Directors Chairman
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity compensation units, granted in period	3,000
Board of Directors Chairman \| Third anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%
Board of Directors Chairman \| Fourth anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%

Cash Flow Supplemental Disclosures - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash Flow Supplemental Disclosures [Line Items]
Interest paid, net of amounts capitalized	$ 1,000,000	$ 614,000
Income tax paid	$ 33,000
Income tax received		$ 240,000

Fair Value Disclosures - Additional Information (Detail) - Fixed-Rate Debt - USD ($) $ in Millions	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt outstanding carrying value	$ 75.6	$ 75.7
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt outstanding fair value	$ 80.8	$ 77.5

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2014	Dec. 31, 2012	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
Commitments and Contingencies [Line Items]
Accrual for estimated environmental remediation costs		$ 13,027,000	$ 13,942,000	$ 13,230,000	$ 13,241,000	$ 2,203,000
Expense for additional environmental liabilities	$ 12,500,000		$ 12,500,000
Other Current Liabilities
Commitments and Contingencies [Line Items]
Environmental liability, next 12 month		700,000
Other Long-Term Liabilities
Commitments and Contingencies [Line Items]
Environmental liability thereafter		12,300,000
Port Gamble
Commitments and Contingencies [Line Items]
Accrual for estimated environmental remediation costs		12,900,000
Minimum
Commitments and Contingencies [Line Items]
Estimated environmental clean up costs		11,400,000
Maximum
Commitments and Contingencies [Line Items]
Estimated environmental clean up costs		$ 15,300,000

Changes in Environmental Liability (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2012	Dec. 31, 2013	Dec. 31, 2012
Commitments And Contingent Liabilities [Line Items]
Beginning balance	$ 13,230	$ 13,241		$ 13,942	$ 2,203
Additions to accrual			$ 12,500		12,500
Expenditures for remediation	203	11		701	761
Ending balance	$ 13,027	$ 13,230		$ 13,241	$ 13,942