OTHER OPERATING INCOME, NET

3 Months Ended

Mar. 31, 2016

Other Income and Expenses [Abstract]

Other Operating Income, Net

OTHER OPERATING INCOME, NET

Other operating income, net comprised the following:

	Three Months Ended March 31,
	2016			2015
Lease income, primarily from hunting leases		$4,559			$4,109
Other non-timber income	519			1,364
Foreign currency loss	(295		)	(107		)
Loss on foreign currency exchange and option contracts	(522		)	(134		)
Gain on foreign currency derivatives (a)	1,153			—
Miscellaneous income, net	490			342
Total		$5,904			$5,574

(a) The Company used foreign exchange derivatives to mitigate the risk of fluctuations in foreign exchange rates while awaiting the planned capital contribution to the New Zealand JV.