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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 5,716 $ 11,603
Adjustments to reconcile to net cash provided by operations:    
Depreciation, depletion and amortization 19,431 17,282
Amortization of debt issue costs and original issue discount 290 289
Pension expense, net of unfunded benefits paid 1,298 928
Deferred income tax provision (benefit) (2,244) 1,704
(Gains) losses on dispositions of plant, equipment and timberlands, net (1,554) 32
Share-based compensation 1,983 1,648
Change in operating assets and liabilities    
Accounts receivable (6,550) (11,462)
Inventories (7,795) (9,907)
Prepaid and other current assets (3,192) 1,670
Accounts payable 4,111 2,903
Accruals and other current liabilities (5,286) (8,874)
Other 1,451 (255)
Net cash provided by operating activities 7,659 7,561
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (26,568) (36,783)
Proceeds from disposals of plant, equipment and timberlands, net 1,695  
Other (28)  
Net cash used by investing activities (24,901) (36,783)
Financing activities    
Net borrowings under revolving credit facility 25,388 38,236
Repayment of term loans (2,902) (2,190)
Payments of dividends (5,679) (5,455)
Payments related to share-based compensation awards and other (965) (112)
Net cash provided by financing activities 15,842 30,479
Effect of exchange rate changes on cash 2,458 526
Net increase in cash and cash equivalents 1,058 1,783
Cash and cash equivalents at the beginning of period 116,219 55,444
Cash and cash equivalents at the end of period 117,277 57,227
Cash paid for:    
Interest, net of amounts capitalized 1,496 293
Income taxes, net $ 2,956 $ 2,194