Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory

Inventories are valued at the lower of cost or net realizable value. Inventory costs include materials, labor and operating overhead. The LIFO (last-in, first-out) method is used for a minor portion of our log inventories with the remaining inventories valued at FIFO (first-in, first-out) or average cost. Included in the inventory balance as of December 31, 2018 is a valuation allowance of $10.9 million. Inventory consists of the following:

	December 31,
Dollar amounts in millions	2018		2017
Logs	$	56.9	$	60.3
Other raw materials	24.8		20.8
Semi finished inventory	23.4		24.3
Finished products	167.9		153.7
Total	$	273.0	$	259.1

Depreciation expense [Table Text Block]

Depreciation expense can be attributed to Cost of sales and Selling and administrative as noted below:

Dollar amounts in millions	Years ended December 31,
	2018		2017		2016
Cost of sales	$	116.8	$	120.1	$	109.6
Selling and administrative	3.2		3.2		3.2
Total depreciation and amortization	$	120.0	$	123.3	$	112.8

Property, Plant and Equipment [Table Text Block]

Plant, property and equipment, net consists of the following:

Dollar amounts in millions	December 31,
	2018			2017
Property, plant and equipment, at cost:
Land, land improvements and logging roads, net of road amortization	$	168.6		$	162.7
Buildings	329.9			347.5
Machinery and equipment	1,949.0			1,977.4
Construction in progress	148.1			98.5
	2,595.6			2,586.1
Accumulated depreciation	(1,585.2		)	(1,660.0		)
Property, plant and equipment, net	$	1,010.4		$	926.1