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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 55,661 $ 122,880 $ 86,453
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 72,105 73,161 29,912
Basis of real estate sold 20,554 16,698 6,827
Gain on sale of facility (9,176)    
Loss on extinguishment of debt 5,512    
Change in deferred taxes (11,045) 12,161 15,364
Pension and other postretirement employee benefits 11,877 16,443 13,151
Equity-based compensation expense 7,272 8,206 5,379
Other, net (2,324) (1,221) (2,529)
Change in working capital, net of business acquired:      
Receivables, net 7,238 2,822 3,602
Inventories, net (3,519) 273 2,490
Other assets 5,305 (3,996) (15)
Accounts payable and accrued liabilities (11,415) (5,212) 11,591
Other liabilities 3,955 (692) 1,072
Real estate development expenditures (7,254) (5,049) 0
Funding of pension and other postretirement employee benefits (5,678) (57,580) (10,638)
Net cash provided by operating activities 139,068 178,894 162,659
CASH FLOWS FROM INVESTING ACTIVITIES      
Property, plant and equipment additions (39,153) (29,880) (12,855)
Timberlands reforestation and roads (17,695) (17,378) (15,207)
Acquisition of timber and timberlands (626) (4,877) (22,043)
Proceeds on disposition of property, plant and equipment 2,389 45 94
Proceeds on sale of facility 58,793    
Cash and cash equivalents acquired in Deltic merger   3,419  
Transfer from company owned life insurance (COLI) 1,968 1,796 1,278
Transfer to COLI (1,148) (1,027) (1,324)
Other, net (11) (7) 37
Net cash provided by (used in) investing activities 4,517 (47,909) (50,020)
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions to common stockholders (107,722) (146,768) (61,931)
Repurchase of common stock (25,173)    
Proceeds from Potlatch revolving line of credit   100,000  
Repayment of revolving line of credit   (100,000)  
Proceeds from issue of long-term debt 190,000 100,000  
Repayment of long-term debt (190,000) (14,250) (11,000)
Premiums and fees on debt retirement (4,865)    
Other, net (1,012) (4,983) (1,835)
Net cash used in financing activities (138,772) (172,001) (74,766)
Change in cash, cash equivalents and restricted cash 4,813 (41,016) 37,873
Cash, cash equivalents and restricted cash at beginning of period 79,441 120,457 82,584
Cash, cash equivalents and restricted cash at end of period 84,254 79,441 120,457
NONCASH INVESTING AND FINANCING ACTIVITIES      
Long-term debt assumed by buyer in sale of facility 29,000    
Accrued property, plant and equipment additions 1,396 339 127
Accrued timberlands reforestation and roads 352 199 576
Earnings and profits distribution   177,565  
Cash paid during the year for:      
Interest, net of amounts capitalized 32,282 34,490 26,125
Income taxes, net $ 7,148 10,800 $ 15,845
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