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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income (loss) $ (1,683) $ 5,889
Adjustments to reconcile to net cash provided by operations:    
Depreciation, depletion and amortization 39,511 34,967
Amortization of debt issue costs and original issue discount 580 578
Pension expense, net of unfunded benefits paid 2,788 2,512
Deferred income tax benefit (provision) (12,268) 1,824
Gains on dispositions of plant, equipment and timberlands, net (2,133) (26)
Share-based compensation 3,830 2,956
Change in operating assets and liabilities    
Accounts receivable (16,606) (12,511)
Inventories (23,352) (4,750)
Prepaid and other current assets (506) (1,711)
Accounts payable 14,679 7,044
Accruals and other current liabilities (3,799) (6,399)
Other (1,003) (1,609)
Net cash provided by operating activities 38 28,764
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (36,944) (71,047)
Proceeds from disposals of plant, equipment and timberlands, net 2,384 83
Other (68)  
Net cash used by investing activities (34,628) (70,964)
Financing activities    
Net borrowings under revolving credit facility 46,660 68,236
Repayment of term loans (5,647) (4,528)
Payments of dividends (11,368) (11,130)
Proceeds from government grants 125  
Payments related to share-based compensation awards and other (980) (112)
Net cash provided by financing activities 28,790 52,466
Effect of exchange rate changes on cash (3,230) 3,732
Net increase (decrease) in cash and cash equivalents (9,030) 13,998
Cash and cash equivalents at the beginning of period 116,219 55,444
Cash and cash equivalents at the end of period 107,189 69,442
Cash paid for:    
Interest, net of amounts capitalized 10,349 7,810
Income taxes, net $ 6,804 $ 4,193