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Gains on Dispositions of Plant, Equipment and Timberlands, Net
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Gains on Dispositions of Plant, Equipment and Timberlands, Net
4. GAINS ON DISPOSITIONS OF PLANT, EQUIPMENT AND TIMBERLANDS, NET

During the first nine months of 2015 and 2014, we completed sales of assets as summarized in the following table:

 

Dollars in thousands

    Acres      Proceeds      Gain  

2015

         

Timberlands

      1,398       $ 2,794       $ 2,704   

Other

      n/a         387         184   
     

 

 

     

 

 

  

Total

       $ 3,181       $ 2,888   
     

 

 

     

 

 

  

2014

         

Timberlands

      2,030       $ 4,041       $ 3,876   

Other

      n/a         10         5   
     

 

 

     

 

 

  

Total

       $ 4,051       $ 3,881   
     

 

 

     

 

 

  

 

On October 9, 2015, we completed the sale of 9,803 acres of timberlands for $17.0 million in cash. We expect to realize an after-tax gain on the transaction of approximately $9.1 million in the fourth quarter of 2015.