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

$4,331

 

$3,769

 

$12,419

 

$13,991

Other non-timber income
1,312

 
666

 
5,485

 
1,721

Foreign currency income
165

 
533

 
15

 
34

(Loss) gain on sale or disposal of property and equipment
(63
)
 
58

 
(69
)
 
81

Gain (loss) on foreign currency exchange and option contracts
1,295

 
(333
)
 
2,476

 
(1,406
)
Deferred payment related to a prior land sale

 

 

 
4,000

Costs related to acquisition

 
(91
)
 

 
(1,306
)
Gain on foreign currency derivatives (a)

 

 

 
1,153

Log trading agency and marketing fees
823

 
637

 
1,949

 
1,568

Gain on sale of carbon credits

 
359

 

 
1,113

Miscellaneous (expense) income, net
(19
)
 
(99
)
 
427

 
(82
)
Total

$7,844

 

$5,499

 

$22,702

 

$20,867


 
 
 
 
 

(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.