OTHER OPERATING INCOME, NET (Tables)

3 Months Ended

Mar. 31, 2017

Other Income and Expenses [Abstract]

Interest and Other Income

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.