CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
Net income		$ 50,241	$ 112,682
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		91,939	115,726
Non-cash cost of land and improved development		9,985	17,051
Stock-based incentive compensation expense		5,383	4,957
Deferred income taxes		8,133	21,019
Amortization of losses from pension and postretirement plans		337	507
Other		(760)	3,470
Changes in operating assets and liabilities:
Receivables		(1,839)	(15,261)
Inventories		(1,107)	1,085
Accounts payable		2,021	(825)
All other operating activities		(140)	640
CASH PROVIDED BY OPERATING ACTIVITIES		164,193	261,051
INVESTING ACTIVITIES
Capital expenditures		(45,271)	(44,137)
Real estate development investments		(3,349)	(6,889)
Purchase of timberlands		(81,913)	(38,978)
Other		(2,219)	2,132
CASH USED FOR INVESTING ACTIVITIES		(132,752)	(87,872)
FINANCING ACTIVITIES
Issuance of debt		0	1,014
Repayment of debt		0	(54,416)
Dividends paid		(106,125)	(101,839)
Proceeds from the issuance of common shares under incentive stock plan		831	8,216
Repurchase of common shares		(4,249)	(2,980)
Repurchase of common shares made under repurchase program		(8,430)	0
Proceeds from shareholder distribution hedge		135	610
Distribution to minority shareholder		(7,315)	(3,122)
CASH USED FOR FINANCING ACTIVITIES		(125,153)	(152,517)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,808)	(1,341)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(96,520)	19,321
Balance, beginning of year		156,454	172,356
Balance, end of period		59,934	191,677
Cash paid during the period:
Interest	[1]	20,578	20,910
Income taxes		1,352	824
Non-cash investing activity:
Capital assets purchased on account		$ 2,271	$ 2,848

[1] Interest paid is presented net of patronage payments received of $4.0 million and $4.1 million for the nine months ended September 30, 2019 and September 30, 2018, respectively. For additional information on patronage payments, see Note 5 — Debt in the 2018 Form 10-K.