TIMBER AND TIMBERLANDS

(Dollars in thousands)



	2012		2011
Timber and timberlands	$	394,913	$	400,874
Deposits on timberlands	7,871		—
Logging roads	61,683		58,813
	$	464,467	$	459,687

Depletion from company-owned lands totaled $12.9 million, $14.1 million and $17.2 million in 2012, 2011 and 2010, respectively. Amortization of logging roads totaled $2.6 million in 2012 and $2.4 million in both 2011 and 2010.

In 2012, we made two timberland acquisitions in and around our existing ownership in Arkansas. One acquisition was 2,981 acres for approximately $3.9 million, and the other was 6,304 acres for approximately $7.9 million. The deposits on timberland balance of $7.9 million at December 31, 2012 is related to amounts associated with the Arkansas timberland purchased on our behalf by a qualified LKE intermediary.

Payments due under timber cutting contracts total $1.6 million, $4.1 million, $6.3 million and $3.3 million in 2013, 2014, 2015 and 2016, respectively.