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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 30,277 $ 49,689
Adjustments to reconcile to net cash provided by operations:    
Depreciation, depletion and amortization 47,423 53,547
Amortization of debt issue costs 893 985
Pension expense, net of unfunded benefits paid 5,541 4,575
Charge for impairment of intangible asset 1,200 3,262
Charge for environmental matter 10,000  
Deferred income tax benefit (2,043) (4,434)
Gains on dispositions of plant, equipment and timberlands, net (2,888) (3,881)
Share-based compensation 5,502 5,811
Change in operating assets and liabilities    
Accounts receivable (21,572) (35,528)
Inventories (5,714) (19,982)
Prepaid and other current assets 420 (2,367)
Accounts payable 5,561 (25,576)
Accruals and other current liabilities 797 (6,214)
Environmental matters (5,617) (39)
Other 743 1,532
Net cash provided by operating activities 70,523 21,380
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (74,280) (47,036)
Proceeds from disposals of plant, equipment and timberlands, net 3,181 4,051
Acquisition, net of cash acquired (224)  
Other (1,600) (600)
Net cash used by investing activities (72,923) (43,585)
Financing activities    
Net repayments of revolving credit facility   (30,720)
Payments of borrowing costs (1,329)  
Repayment of term loans (3,387)  
Proceeds from term loans   12,592
Repurchases of common stock   (12,180)
Payments of dividends (15,215) (13,935)
Payments related to share-based compensation awards and other (2,015) (1,764)
Net cash used by financing activities (21,946) (46,007)
Effect of exchange rate changes on cash (1,826) (1,015)
Net decrease in cash and cash equivalents (26,172) (69,227)
Cash and cash equivalents at the beginning of period 99,837 122,882
Cash and cash equivalents at the end of period 73,665 53,655
Cash paid for:    
Interest, net of amounts capitalized 8,943 9,959
Income taxes, net $ 14,566 $ 19,928