Consolidated Statements of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
Net income		$ 15,320	$ 57,451
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		53,826	56,316
Non-cash cost of land sold and real estate development costs recovered upon sale		4,938	5,398
Stock-based incentive compensation expense		2,588	5,980
Deferred income taxes		(1,322)	10,103
Depreciation and amortization from discontinued operations		0	37,985
Amortization of losses from pension and postretirement plans		1,861	5,896
Other		944	(43)
Changes in operating assets and liabilities:
Receivables		2,414	9,988
Inventories		(8,107)	4,765
Accounts payable		3,874	27,299
Income tax receivable/payable		(321)	5,217
All other operating activities		9,868	7,885
Expenditures for dispositions and discontinued operations		0	(5,096)
CASH PROVIDED BY OPERATING ACTIVITIES		85,883	229,144
INVESTING ACTIVITIES
Capital expenditures		(26,130)	(33,597)
Capital expenditures from discontinued operations		0	(47,050)
Real estate development costs		(578)	(2,595)
Purchase of timberlands		(88,414)	(74,817)
Change in restricted cash		4,160	63,128
Other		3,689	(478)
CASH USED FOR INVESTING ACTIVITIES		(107,273)	(95,409)
FINANCING ACTIVITIES
Issuance of debt		59,100	1,238,389
Repayment of debt		(31,472)	(1,107,062)
Dividends paid		(63,421)	(124,628)
Proceeds from the issuance of common shares		718	3,347
Repurchase of common shares		(9,057)	(1,834)
Debt issuance costs		0	(12,380)
Net cash disbursed upon spin-off of Performance Fibers business		0	(106,420)
Other		0	(680)
CASH USED FOR FINANCING ACTIVITIES		(44,132)	(111,268)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(4,404)	(50)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		(69,926)	22,417
Balance, beginning of year		161,558	199,644
Balance, end of period		91,632	222,061
Cash paid during the period:
Interest	[1]	15,303	26,980
Income taxes		270	10,417
Non-cash investing activity:
Capital assets purchased on account		2,396	11,547
Patronage refunds received, netted with interest paid		$ 1,300	$ 2,100

[1] Interest paid is presented net of patronage refunds received of $1.3 million for the six months ended June 30, 2015 and $2.1 million for the six months ended June 30, 2014. For additional information on patronage refunds, see Note 13 — Debt in the 2014 Form 10-K.