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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 10,938 $ 31,714 $ 89,910
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, depletion and amortization 34,190 38,105 26,749
Basis of real estate sold 8,011 7,012 8,646
Change in deferred taxes 1,853 (5,696) (1,616)
Employee benefit plans 10,479 4,986 2,122
Equity-based compensation expense 4,390 4,758 4,137
Loss on sale of central Idaho timber and timberlands 48,522    
Other, net (1,198) (2,046) (2,191)
Change in:      
Receivables (3,712) (3,864) 7,016
Inventories (17,460) (3,672) 4,785
Other assets (473) 898 (1,421)
Accounts payable and accrued liabilities 7,232 267 (2,388)
Other liabilities 645 1,552 (827)
Funding of qualified pension plans (1,300)   (3,550)
Net cash from operating activities 102,117 74,014 131,372
CASH FLOWS FROM INVESTING ACTIVITIES      
Change in short-term investments [1]   6,995 1,810
Transfer from company owned life insurance (COLI) 6,384 1,492 28,870
Transfer to COLI (3,967)   (25,515)
Purchase of property, plant and equipment (5,866) (18,987) (13,261)
Timberlands reforestation and roads (13,422) (13,745) (10,971)
Acquisition of timber and timberlands (1,244) (10,230) (388,952)
Net proceeds from sale of central Idaho timber and timberlands 111,460    
Other, net 6 886 1,263
Net cash from investing activities 93,351 (33,589) (406,756)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends to common stockholders (60,842) (61,017) (57,848)
Revolving line of credit borrowings (repayment) (30,000) 30,000  
Repayment of long-term debt (113,335) (22,500)  
Repurchase of common stock (5,956)    
Proceeds from issuance of long-term debt 93,235   310,000
Other, net (3,911) (3,000) (1,783)
Net cash from financing activities (120,809) (56,517) 250,369
Change in cash and cash equivalents [1] 74,659 (16,092) (25,015)
Cash and cash equivalents at beginning of year [1] 7,925 [2] 24,017 49,032
Cash and cash equivalents at end of year [1] 82,584 [2] 7,925 [2] 24,017
Cash paid (received) during the year for:      
Interest, net of amounts capitalized 28,051 29,676 20,918
Income taxes, net $ (8,081) $ 1,576 $ 18,104
[1] Certain short-term investments in 2015 and 2014 were reclassified to cash and cash equivalents to conform with the 2016 presentation.
[2] Short-term investments as of December 31, 2015 were reclassified to cash and cash equivalents to conform with the 2016 presentation.