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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income   $ 121,081 $ 74,865
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation, depletion and amortization $ 19,445 53,685 21,908
Basis of real estate sold 4,248 10,673 6,351
Change in deferred taxes   13,879 (925)
Pension and other postretirement employee benefits   12,221 9,863
Equity-based compensation expense   6,518 3,536
Other, net   (1,220) (1,467)
Change in working capital and operating-related activities, net   (13,289) 20,489
Real estate development expenditures   (3,081)  
Funding of qualified pension plans   (52,099) (5,275)
Net cash from operating activities   148,368 129,345
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment   (18,496) (9,445)
Timberlands reforestation and roads   (12,464) (11,577)
Acquisition of timber and timberlands   (166) (22,033)
Other, net   655 (106)
Cash and cash equivalents acquired in Deltic merger   3,419  
Net cash from investing activities   (27,052) (43,161)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends to common stockholders   (75,305) (45,686)
Proceeds from Potlatch revolving line of credit   100,000  
Repayment of Potlatch revolving line of credit   (100,000)  
Revolving line of credit repayment attributable to Deltic   (106,000)  
Proceeds from issue of long-term debt   100,000  
Repayment of long-term debt   (14,250) (5,000)
Debt issuance costs   (2,434)  
Other, net   (2,541) (1,279)
Net cash from financing activities   (100,530) (51,965)
Change in cash, cash equivalents and restricted cash   20,786 34,219
Cash, cash equivalents and restricted cash at beginning of period   120,457 82,584
Cash, cash equivalents and restricted cash at end of period 141,243 141,243 116,803
Cash paid during the period for:      
Interest, net of amounts capitalized   23,183 17,381
Income taxes, net   10,335 13,923
NONCASH INVESTING AND FINANCING ACTIVITIES      
Earnings and profits distribution payable   222,000  
Cash and cash equivalents 137,535 137,535 $ 116,803
Restricted cash included in other long-term assets $ 3,708 [1] $ 3,708 [1]  
Restricted Cash and Cash Equivalents, Noncurrent, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent
Deltic [Member]      
NONCASH INVESTING AND FINANCING ACTIVITIES      
Equity issued as consideration for our merger with Deltic   $ 1,142,775  
[1] Amounts included in restricted cash represent proceeds held by a qualified intermediary that are intended to be reinvested in timber and timberlands.