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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 131,106 $ (16,832)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 18,399 19,044
Basis of real estate sold 8,823 6,498
Change in deferred taxes 1,490 (12,383)
Pension and other postretirement employee benefits 5,627 6,068
Pension settlement charge   42,988
Equity-based compensation expense 1,930 1,885
Other, net (387) 237
Change in working capital and operating-related activities, net 6,713 2,557
Real estate development expenditures (2,315) (378)
Funding of pension and other postretirement employee benefits (1,421) (1,546)
Net cash provided by operating activities 169,965 48,138
CASH FLOWS FROM INVESTING ACTIVITIES    
Property, plant and equipment additions (7,762) (5,039)
Timberlands reforestation and roads (3,956) (4,310)
Acquisition of timber and timberlands   (4,190)
Proceeds on sale of facility   1,000
Other, net 189 1,505
Net cash used in investing activities (11,529) (11,034)
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to common stockholders (27,484) (26,941)
Repurchase of common stock   (12,355)
Other, net (591) (242)
Net cash used in financing activities (28,075) (39,538)
Change in cash, cash equivalents and restricted cash 130,361 (2,434)
Cash, cash equivalents and restricted cash at beginning of period 252,340 84,254
Cash, cash equivalents and restricted cash at end of period 382,701 81,820
NONCASH INVESTING AND FINANCING ACTIVITIES    
Accrued property, plant and equipment additions 2,263 1,380
Accrued timberlands reforestation and roads 813 260
Cash and cash equivalents 382,032 79,484
Restricted cash included in other long-term assets [1] $ 669 $ 2,336
Restricted Cash, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsMember us-gaap:OtherAssetsMember
[1] Amounts included in restricted cash represent proceeds held by a qualified intermediary that are intended to be reinvested in timber and timberlands.