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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 31,714 $ 89,910 $ 70,581
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, depletion and amortization 38,105 26,749 26,962
Basis of real estate sold 7,012 8,646 2,904
Change in deferred taxes (5,696) (1,616) (2,467)
Employee benefit plans 4,986 2,122 7,561
Equity-based compensation expense 4,758 4,137 4,377
Other, net (2,046) (2,191) (1,972)
Change in:      
Receivables (3,864) 7,016 (5,904)
Inventories (3,672) 4,785 (7,347)
Other assets 898 (1,421) 1,668
Accounts payable and accrued liabilities 267 (2,388) (3,468)
Funding of qualified pension plans 0 (3,550) 0
Timber deposits and cost share roads 1,552 (827) (2,643)
Net cash from operating activities 74,014 131,372 90,252
CASH FLOWS FROM INVESTING ACTIVITIES      
Change in short-term investments 26,329 25,883 10,826
Transfer from company owned life insurance (COLI) 1,492 28,870 0
Transfer to COLI 0 (25,515) 0
Property, plant and equipment (18,987) (13,261) (10,280)
Timberlands reforestation and roads (13,745) (10,971) (12,313)
Acquisition of timber and timberlands (10,230) (388,952) (1,060)
Other, net 886 1,263 823
Net cash from investing activities (14,255) (382,683) (12,004)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends to common stockholders (61,017) (57,848) (51,868)
Revolving line of credit borrowings 30,000 0 0
Repayment of long-term debt (22,500) 0 (36,663)
Proceeds from issuance of long-term debt 0 310,000 0
Issuance of common stock 0 398 1,904
Change in book overdrafts (1,549) 1,465 (955)
Employee tax withholdings on vested performance share awards (1,453) (1,104) (1,738)
Deferred financing costs (45) (2,388) (25)
Other, net 47 (154) (302)
Net cash from financing activities (56,517) 250,369 (89,647)
Increase (decrease) in cash 3,242 (942) (11,399)
Cash at beginning of year 4,644 5,586 16,985
Cash at end of year 7,886 4,644 5,586
Cash paid during the year for:      
Interest, net of amounts capitalized 29,676 20,918 22,229
Income taxes, net $ 1,576 $ 18,104 $ 20,097