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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,367 $ 36,620
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation, depletion and amortization [1] 15,597 11,002
Basis of real estate sold 1,008 6,834
Change in deferred taxes (1,707) 536
Employee benefit plans 3,166 (267)
Equity-based compensation expense 2,259 2,032
Other, net (5,496) (1,161)
Working capital and operating-related activities, net (4,538) 12,836
Net cash from operating activities 16,656 68,432
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in short-term investments 24,537 (21,665)
Property, plant and equipment (12,248) (6,508)
Timberlands reforestation and roads (6,004) (5,887)
Other, net 433 334
Net cash from investing activities 6,718 (33,726)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to common stockholders (30,507) (28,413)
Revolving line of credit borrowings 15,000 0
Employee tax withholdings on equity-based compensation (1,445) (1,079)
Change in book overdrafts (2,246) (1,424)
Other, net (37) (124)
Net cash from financing activities (19,235) (31,040)
Change in cash 4,139 3,666
Cash at beginning of period 4,644 5,586
Cash at end of period 8,783 9,252
Cash paid during the period for:    
Interest, net of amounts capitalized 13,702 10,431
Income taxes, net $ 1,512 $ 6,546
[1] The presentation of depreciation, depletion and amortization in Segment Information and the Condensed Consolidated Statements of Cash Flows includes amortization of bond discounts and deferred loan fees. Bond discounts and deferred loan fees are recorded in Interest expense, net in the Consolidated Statements of Income.