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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 7,886 $ 4,644
Short-term investments 39 26,368
Receivables, net of allowance for doubtful accounts of $440 and $450 13,420 9,928
Inventories 35,162 31,490
Deferred tax assets, net [1] 0 6,168
Other assets [2] 14,246 13,894
Total current assets 70,753 92,492
Property, plant and equipment, net 75,285 65,749
Timber and timberlands, net 816,599 828,420
Deferred tax assets, net [1] 46,600 37,228
Other assets [2] 7,375 7,857
Total assets 1,016,612 1,031,746
Current liabilities:    
Revolving line of credit borrowings 30,000 0
Current portion of long-term debt 5,007 22,870
Accounts payable and accrued liabilities 39,740 43,064
Current liability for pensions and other postretirement employee benefits 5,973 6,260
Total current liabilities 80,720 72,194
Long term debt [2] 598,874 602,798
Liability for pensions and other postretirement employee benefits 119,369 115,936
Other long-term obligations 13,913 15,752
Total liabilities $ 812,876 $ 806,680
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, authorized 4,000,000 shares, no shares issued $ 0 $ 0
Common stock, $1 par value, authorized 100,000,000 shares, issued 40,680,713 and 40,605,179 shares 40,681 40,605
Additional paid-in capital 350,541 346,441
Accumulated deficit (72,983) (43,588)
Accumulated other comprehensive loss (114,503) (118,392)
Total stockholders’ equity 203,736 225,066
Total liabilities and stockholders' equity $ 1,016,612 $ 1,031,746
[1] Current deferred tax assets were classified as noncurrent in 2015 due to the adoption of ASU No. 2015-17.
[2] Debt issuance costs in 2014 were reclassified to conform with the 2015 presentation.