CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
OPERATING ACTIVITIES
Net income		$ 48,713	$ 82,043
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		64,093	80,920
Non-cash cost of land and improved development		5,647	14,936
Stock-based incentive compensation expense		3,821	3,474
Deferred income taxes		7,257	13,653
Amortization of losses from pension and postretirement plans		224	338
Other		987	(5,466)
Changes in operating assets and liabilities:
Receivables		(21,031)	(26,203)
Inventories		(994)	1,014
Accounts payable		5,558	4,448
Income tax receivable/payable		0	(84)
All other operating activities		2,679	12,510
CASH PROVIDED BY OPERATING ACTIVITIES		116,954	181,583
INVESTING ACTIVITIES
Capital expenditures		(29,505)	(25,920)
Real estate development investments		(999)	(4,501)
Purchase of timberlands		(26,396)	(31,234)
Other		(3,888)	113
CASH USED FOR INVESTING ACTIVITIES		(60,788)	(61,542)
FINANCING ACTIVITIES
Issuance of debt		0	1,014
Repayment of debt		0	(54,389)
Dividends paid		(71,107)	(67,053)
Proceeds from the issuance of common shares under incentive stock plan		774	7,824
Repurchase of common shares		(4,241)	(2,966)
Distribution to minority shareholder		(3,594)	0
Other		133	0
CASH USED FOR FINANCING ACTIVITIES		(78,035)	(115,570)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		125	(578)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(21,744)	3,893
Balance, beginning of year		156,454	172,356
Balance, end of period		134,710	176,249
Cash paid during the period:
Interest	[1]	14,377	14,858
Income taxes		705	302
Non-cash investing activity:
Capital assets purchased on account		$ 3,407	$ 6,646

[1] Interest paid is presented net of patronage payments received of $4.0 million and $3.8 million for the six months ended June 30, 2019 and June 30, 2018, respectively. For additional information on patronage payments, see Note 5 — Debt in the 2018 Form 10-K.