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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 44,262 $ 121,081
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 52,589 53,685
Basis of real estate sold 14,211 10,673
Gain on sale of facility (9,176)  
Loss on extinguishment of debt 5,512  
Change in deferred taxes (16,943) 13,879
Pension and other postretirement employee benefits 8,907 12,221
Equity-based compensation expense 5,362 6,518
Other, net (2,692) (1,220)
Change in working capital and operating-related activities, net 13,745 (9,429)
Real estate development expenditures (5,738) (3,081)
Funding of pension and other postretirement employee benefits (4,612) (55,959)
Net cash provided by operating activities 105,427 148,368
CASH FLOWS FROM INVESTING ACTIVITIES    
Property, plant and equipment additions (25,596) (18,496)
Timberlands reforestation and roads (13,269) (12,464)
Acquisition of timber and timberlands (278) (166)
Proceeds on sale of facility 58,793  
Proceeds on disposition of property, plant and equipment 2,017 11
Other, net 520 644
Cash and cash equivalents acquired in Deltic merger   3,419
Net cash provided by (used in) investing activities 22,187 (27,052)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends to common stockholders (80,834) (75,305)
Proceeds from Potlatch revolving line of credit   100,000
Repayment of revolving line of credit   (100,000)
Proceeds from issue of long-term debt 150,000 100,000
Repayment of long-term debt (150,000) (14,250)
Premiums and fees on debt retirement (4,865)  
Repurchase of common stock (25,173)  
Other, net (393) (4,975)
Net cash used in financing activities (111,265) (100,530)
Change in cash, cash equivalents and restricted cash 16,349 20,786
Cash, cash equivalents and restricted cash at beginning of period 79,441 120,457
Cash, cash equivalents and restricted cash at end of period 95,790 141,243
NONCASH INVESTING AND FINANCING ACTIVITIES    
Long-term debt assumed by buyer in sale of facility 29,000  
Accrued property, plant and equipment additions 453 785
Accrued timberlands reforestation and roads 1,406 1,034
Earnings and profits distribution payable   222,000
Cash and cash equivalents 94,747 137,535
Restricted cash included in other short-term and long-term assets [1] $ 1,043 $ 3,708
Restricted Cash, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsMember us-gaap:OtherAssetsMember
Deltic [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of revolving line of credit   $ (106,000)
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 intermediator that are intended to be reinvested in timber and timberlands.