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OTHER OPERATING INCOME, NET (Tables)
6 Months Ended
Jun. 30, 2017
Other Income and Expenses [Abstract]  
Interest and Other Income
Other operating income, net comprised the following:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Lease and license income, primarily from hunting

$3,978

 

$5,661

 

$8,088

 

$10,221

Other non-timber income
1,426

 
536

 
4,173

 
1,055

Foreign currency loss
(463
)
 
(204
)
 
(150
)
 
(499
)
(Loss) gain on sale or disposal of property and equipment
(7
)
 
24

 
(6
)
 
24

Gain (loss) on foreign currency exchange and option contracts
529

 
(551
)
 
1,181

 
(1,072
)
Deferred payment related to a prior land sale

 
4,000

 

 
4,000

Costs related to acquisition

 
(1,215
)
 

 
(1,215
)
Gain on foreign currency derivatives (a)

 

 

 
1,153

Log trading agency and marketing fees
658

 
592

 
1,126

 
931

Gain on sale of carbon credits

 
754

 

 
754

Miscellaneous (expense) income, net
(14
)
 
(134
)
 
446

 
16

Total

$6,107

 

$9,463

 

$14,858

 

$15,368


 
 
 
 
 

(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.