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OTHER OPERATING INCOME, NET
 3 Months Ended
Mar. 31, 2017
Other Income and Expenses [Abstract]  
Other Operating Income, Net
OTHER OPERATING INCOME, NET
Other operating income, net comprised the following:
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Lease and license income, primarily from hunting
 

$4,110

 

$4,559

Other non-timber income
 
2,798

 
519

Foreign currency income (loss)
 
313

 
(295
)
Gain (loss) on foreign currency exchange and option contracts
 
652

 
(522
)
Gain on foreign currency derivatives (a)
 
—

 
1,153

Miscellaneous income, net
 
879

 
490

Total
 

$8,752

 

$5,904


 
 
 
 
 

(a)
The Company used foreign exchange derivatives to mitigate the risk of fluctuations in foreign exchange rates while awaiting the capital contribution to the New Zealand JV.