Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income for the

three months ended March 31, 2015

In thousands	Parent Company			Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Net sales	$	219,876		$	—		$	197,593		$	—		$	417,469
Energy and related sales, net		2,068			—			—			—			2,068
Total revenues		221,944			—			197,593			—			419,537
Costs of products sold		202,519			—			164,910			—			367,429
Gross profit		19,425			—			32,683			—			52,108
Selling, general and administrative expenses		17,182			190			13,900			—			31,272
Gains on dispositions of plant, equipment and timberlands, net		(1,471	)		(1,183	)		—			—			(2,654	)
Operating income		3,714			993			18,783			—			23,490
Other non-operating income (expense)
Interest expense		(4,817	)		—			(6,394	)		6,703			(4,508	)
Interest income		163			6,599			5			(6,702	)		65
Equity in earnings of subsidiaries		16,363			9,475			—			(25,838	)		—
Other, net		(715	)		(126	)		655			(1	)		(187	)
Total other non-operating income (expense)		10,994			15,948			(5,734	)		(25,838	)		(4,630	)
Income before income taxes		14,708			16,941			13,049			(25,838	)		18,860
Income tax provision		783			904			3,248			—			4,935
Net income		13,925			16,037			9,801			(25,838	)		13,925
Other comprehensive income (loss)		(35,285	)		(38,550	)		38,848			(298	)		(35,285	)
Comprehensive income (loss)	$	(21,360	)	$	(22,513	)	$	48,649		$	(26,136	)	$	(21,360	)

Condensed Consolidating Statement of Income for the

months ended March 31, 2014

In thousands	Parent Company			Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Net sales	$	225,831		$	18		$	229,890		$	(18	)	$	455,721
Energy and related sales, net		5,262			—			—			—			5,262
Total revenues		231,093			18			229,890			(18	)		460,983
Costs of products sold		216,716			17			189,228			(18	)		405,943
Gross profit		14,377			1			40,662			—			55,040
Selling, general and administrative expenses		17,793			13			15,745			—			33,551
Gains on dispositions of plant, equipment and timberlands, net		(812	)		—			3			—			(809	)
Operating income (loss)		(2,604	)		(12	)		24,914			—			22,298
Other non-operating income (expense)
Interest expense		(4,739	)		—			(2,731	)		2,658			(4,812	)
Interest income		153			2,559			7			(2,658	)		61
Equity in earnings of subsidiaries		22,499			20,462			—			(42,961	)		—
Other, net		(881	)		10			1,082			—			211
Total other non-operating income (expense)		17,032			23,031			(1,642	)		(42,961	)		(4,540	)
Income before income taxes		14,428			23,019			23,272			(42,961	)		17,758
Income tax (benefit) provision		(220	)		913			2,417			—			3,110
Net income		14,648			22,106			20,855			(42,961	)		14,648
Other comprehensive income		2,965			1			885			(886	)		2,965
Comprehensive income	$	17,613		$	22,107		$	21,740		$	(43,847	)	$	17,613

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet as of

March 31, 2015

In thousands	Parent Company		Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Assets
Cash and cash equivalents	$	50,133	$	2,583		$	18,854		$	—		$	71,570
Other current assets		227,159		328,811			270,141			(348,100	)		478,011
Plant, equipment and timberlands, net		259,875		961			401,972			—			662,808
Investments in subsidiaries		802,272		378,000			—			(1,180,272	)		—
Other assets		126,687		86,808			148,666			(87,293	)		274,868
Total assets	$	1,466,126	$	797,163		$	839,633		$	(1,615,665	)	$	1,487,257
Liabilities and Shareholders’ Equity
Current liabilities	$	434,759	$	4,887		$	169,589		$	(350,801	)	$	258,434
Long-term debt		250,000		—			635,789			(506,032	)		379,757
Deferred income taxes		48,983		(453	)		49,206			2,719			100,455
Other long-term liabilities		109,515		—			103,033			(86,806	)		125,742
Total liabilities		843,257		4,434			957,617			(940,920	)		864,388
Shareholders’ equity		622,869		792,729			(117,984	)		(674,745	)		622,869
Total liabilities and shareholders’ equity	$	1,466,126	$	797,163		$	839,633		$	(1,615,665	)	$	1,487,257

Condensed Consolidating Balance Sheet as of

December 31, 2014

In thousands	Parent Company		Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Assets
Cash and cash equivalents	$	42,208	$	514		$	57,115		$	—		$	99,837
Other current assets		218,544		420,451			263,567			(427,777	)		474,785
Plant, equipment and timberlands, net		255,255		991			441,362			—			697,608
Investments in subsidiaries		824,480		399,931			—			(1,224,411	)		—
Other assets		121,125		—			186,129			(17,980	)		289,274
Total assets	$	1,461,612	$	821,887		$	948,173		$	(1,670,168	)	$	1,561,504
Liabilities and Shareholders’ Equity
Current liabilities	$	403,662	$	3,394		$	307,737		$	(435,062	)	$	279,731
Long-term debt		250,000		—			721,457			(572,579	)		398,878
Deferred income taxes		46,483		(453	)		70,275			(12,289	)		104,016
Other long-term liabilities		112,358		—			11,633			5,779			129,770
Total liabilities		812,503		2,941			1,111,102			(1,014,151	)		912,395
Shareholders’ equity		649,109		818,946			(162,929	)		(656,017	)		649,109
Total liabilities and shareholders’ equity	$	1,461,612	$	821,887		$	948,173		$	(1,670,168	)	$	1,561,504

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows for the three

months ended March 31, 2015

In thousands	Parent Company			Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Net cash provided (used) by
Operating activities	$	(975	)	$	(10	)	$	3,140		$	—		$	2,155
Investing activities
Expenditures for purchases of plant, equipment and timberlands		(14,513	)		—			(7,236	)		—			(21,749	)
Proceeds from disposal plant, equipment and timberlands, net		1,513			1,213			—			—			2,726
Repayments from intercompany loans		—			31,556			—			(31,556	)		—
Advances of intercompany loans		—			(30,690	)		—			30,690			—
Other		(1,600	)		—			—			—			(1,600	)
Total investing activities		(14,600	)		2,079			(7,236	)		(866	)		(20,623	)
Financing activities
Payments of borrowing costs		(1,008	)		—			—			—			(1,008	)
Payment of dividends to shareholders		(4,774	)		—			—			—			(4,774	)
Repayments of intercompany loans		—			—			(31,556	)		31,556			—
Borrowings of intercompany loans		30,690			—			—			(30,690	)		—
Payments related to share-based compensation awards and other		(1,408	)		—			—			—			(1,408	)
Total financing activities		23,500			—			(31,556	)		866			(7,190	)
Effect of exchange rate on cash		—			—			(2,609	)		—			(2,609	)
Net increase (decrease) in cash		7,925			2,069			(38,261	)		—			(28,267	)
Cash at the beginning of period		42,208			514			57,115			—			99,837
Cash at the end of period	$	50,133		$	2,583		$	18,854		$	—		$	71,570

Condensed Consolidating Statement of Cash Flows for the three

months ended March 31, 2014

In thousands	Parent Company			Guarantors			Non Guarantors			Adjustments/ Eliminations			Consolidated
Net cash provided (used) by
Operating activities	$	(3,797	)	$	981		$	(7,394	)	$	—		$	(10,210	)
Investing activities
Expenditures for purchases of plant, equipment and timberlands		(6,979	)		—			(7,456	)		—			(14,435	)
Proceeds from disposal plant, equipment and timberlands, net		838			—			1			—			839
Advances of intercompany loans		—			(1,250	)		—			1,250			—
Total investing activities		(6,141	)		(1,250	)		(7,455	)		1,250			(13,596	)
Financing activities
Net proceeds from indebtedness		—			—			(17,933	)		—			(17,933	)
Payment of dividends to shareholders		(4,363	)		—			—			—			(4,363	)
Repurchases of common stock		(1,251	)		—			—			—			(1,251	)
Borrowings of intercompany loans		1,250			—			—			(1,250	)		—
Payments related to share-based compensation awards and other		(781	)		—			—			—			(781	)
Total financing activities		(5,145	)		—			(17,933	)		(1,250	)		(24,328	)
Effect of exchange rate on cash		—			—			37			—			37
Net decrease in cash		(15,083	)		(269	)		(32,745	)		—			(48,097	)
Cash at the beginning of period		56,216			501			66,165			—			122,882
Cash at the end of period	$	41,133		$	232		$	33,420		$	—		$	74,785