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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 28,165 $ 69,774
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation, depletion and amortization [1] 28,154 19,326
Basis of real estate sold 3,389 7,289
Change in deferred taxes (2,786) 1,127
Employee benefit plans 4,774 616
Equity-based compensation expense 3,589 3,058
Other, net (675) (1,805)
Funding of qualified pension plan 0 (3,550)
Working capital and operating-related activities, net (9,462) 11,829
Net cash from operating activities 55,148 107,664
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in short-term investments 26,328 (12,793)
Transfer to company owned life insurance (COLI) 0 (25,476)
Property, plant and equipment (16,240) (9,174)
Timberlands reforestation and roads (11,155) (7,840)
Acquisition of timber and timberlands (9,320) (3,143)
Other, net 644 1,126
Net cash from investing activities (9,743) (57,300)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to common stockholders (45,761) (42,621)
Employee tax withholdings on equity-based compensation (1,445) (1,092)
Change in book overdrafts (1,440) (2,919)
Other, net (97) (1,019)
Net cash from financing activities (48,743) (47,651)
Change in cash (3,338) 2,713
Cash at beginning of period 4,644 5,586
Cash at end of period 1,306 8,299
Cash paid during the period for:    
Interest, net of amounts capitalized 18,067 11,164
Income taxes, net $ 1,528 $ 12,192
[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.