Consolidated Statements of Cash Flows - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES
Net income		$ 15,058	$ 18,180
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		29,342	29,975
Non-cash cost of land and improved development		4,108	3,747
Stock-based incentive compensation expense		839	805
Deferred income taxes		(545)	(189)
Amortization of losses from pension and postretirement plans		617	939
Other		(1,081)	40
Changes in operating assets and liabilities:
Receivables		(6,904)	3,544
Inventories		(4,619)	(3,133)
Accounts payable		1,369	2,857
Income tax receivable/payable		(98)	(150)
All other operating activities		(7,051)	(3,217)
CASH PROVIDED BY OPERATING ACTIVITIES		31,035	53,398
INVESTING ACTIVITIES
Capital expenditures		(13,298)	(13,164)
Real estate development investments		(1,685)	(276)
Purchase of timberlands		(14,323)	(23,070)
Change in restricted cash		10,613	(7,071)
Other		(1,590)	(158)
CASH USED FOR INVESTING ACTIVITIES		(20,283)	(43,739)
FINANCING ACTIVITIES
Issuance of debt		285,552	12,000
Repayment of debt		(240,752)	(11,371)
Dividends paid		(30,675)	(31,667)
Proceeds from the issuance of common shares		18	546
Repurchase of common shares made under share repurchase program		(690)	0
Other		(16)	(94)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES		13,437	(30,586)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		238	(1,582)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		24,427	(22,509)
Balance, beginning of year		51,777	161,558
Balance, end of period		76,204	139,049
Cash paid during the period:
Interest	[1]	5,808	5,016
Income taxes		119	138
Non-cash investing activity:
Capital assets purchased on account		2,725	2,441
Patronage refunds received, netted with interest paid		$ 400	$ 1,300

[1] Interest paid is presented net of patronage refunds received of $0.4 million and $1.3 million for the three months ended March 31, 2016 and March 31, 2015, respectively. For additional information on patronage refunds, see Note 5 — Debt in the 2015 Form 10-K.