Deltic Timber (DEL) 10-Q 1 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 23, 2013
Document Document And Entity Information [Line Items]	'	'
Entity Registrant Name	'DELTIC TIMBER CORP	'
Entity Central Index Key	'0001022469	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	12,679,019

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$5,998	$5,613
Trade accounts receivable, net of allowance for doubtful accounts of $172 and $127, respectively	10,576	5,277
Inventories	13,095	4,894
Prepaid expenses and other current assets	3,871	2,808
Total current assets	33,540	18,592
Investment in real estate held for development and sale	55,604	57,088
Investment in Del-Tin Fiber	'	6,293
Timber and timberlands – net	249,192	240,215
Property, plant, and equipment – net	74,520	26,668
Deferred charges and other assets	2,096	4,353
Total assets	414,952	353,209
Current liabilities	'	'
Trade accounts payable	7,397	1,981
Accrued taxes other than income taxes	2,230	1,951
Income taxes payable	990	'
Deferred revenues and other accrued liabilities	12,648	9,094
Total current liabilities	23,265	13,026
Long-term debt	94,000	63,000
Deferred tax liabilities – net	2,049	471
Other noncurrent liabilities	43,511	44,482
Commitments and contingencies	'	'
Stockholders’ equity	'	'
Cumulative preferred stock – $.01 par, authorized 20,000,000 shares, none issued	'	'
Common stock – $.01 par, authorized 50,000,000 shares, 12,813,879 shares issued	128	128
Capital in excess of par value	84,085	82,597
Retained earnings	187,383	168,608
Treasury stock	-5,704	-5,000
Accumulated other comprehensive loss	-13,765	-14,103
Total stockholders’ equity	252,127	232,230
Total liabilities and stockholders’ equity	$414,952	$353,209

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Statement Consolidated Balance Sheets Parenthetical [Line Items]	'	'
Trade accounts receivable, allowance for doubtful accounts	$172	$127
Cumulative preferred stock, par value	$0.01	$0.01
Cumulative preferred stock, shares authorized	20,000,000	20,000,000
Cumulative preferred stock, shares issued	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,813,879	12,813,879

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended			9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Statement Consolidated Statements Of Income Unaudited [Line Items]	'	'		'		'
Net sales	$56,520	$36,499		$151,330		$104,243
Costs and expenses	'	'		'		'
Cost of sales	37,289	23,564		95,261		69,750
Depreciation, amortization, and cost of fee timber harvested	4,421	2,698		11,227		8,321
General and administrative expenses	5,211	5,133		14,585		13,675
Total costs and expenses	46,921	31,395		121,073		91,746
Gain on involuntary conversion	'	'		881		'
Operating income	9,599	5,104		31,138		12,497
Equity in earnings of Del-Tin Fiber	'	510	[1]	1,084	[1]	602	[1]
Interest income	4	7		12		13
Interest and other debt expense, net of capitalized interest	-1,110	-1,003		-3,431		-3,074
Gain on bargain purchase	'	'		3,285		'
Other income/(expense)	22	-13		3,247		41
Income before income taxes	8,515	4,605		35,335		10,079
Income tax expense	-2,702	-1,387		-11,480		-3,248
Net income	$5,813	$3,218		$23,855		$6,831
Earnings per common share	'	'		'		'
Basic	$0.46	$0.25		$1.88		$0.54
Assuming dilution	$0.46	$0.25		$1.87		$0.54
Dividends per common share	'	'		'		'
Paid	$0.10	$0.08		$0.30		$0.23
Declared	$0.10	$0.08		$0.40		$0.30
Weighted average common shares outstanding (thousands)	'	'		'		'
Basic	12,571	12,533		12,572		12,521
Assuming dilution	12,619	12,566		12,628		12,560
[1]	Del-Tin Fiber became a consolidated subsidiary, reported in the Manufacturing segment, upon acquisition of a controlling interest of its ownership effective April 1, 2013

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012
Statement Consolidated Statements Of Comprehensive Income Unaudited [Line Items]	'		'
Net income	$23,855		$6,831
Reclassification adjustment for gains/(losses) included in net income (net of tax)	'		'
Amortization of prior service cost	3	[1]	4	[1]
Amortization of actuarial loss	426	[1]	655	[1]
Amortization of plan amendment	-91	[1]	-91	[1]
Other comprehensive income	338		568
Comprehensive income	$24,193		$7,399
[1]	The amortizations out of comprehensive income for 2012 have been revised to conform to the 2013 presentation.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012
Operating activities	'		'
Net income	$23,855		$6,831
Adjustments to reconcile net income to net cash provided by operating activities	'		'
Depreciation, amortization, and cost of fee timber harvested	11,227		8,321
Deferred income taxes	1,582		-552
Real estate development expenditures	-943		-1,088
Real estate costs recovered upon sale	2,127		1,901
Timberland costs recovered upon sale	801		370
Equity in earnings of Del-Tin Fiber	-1,084	[1]	-602	[1]
Gain on previously held equity interest	-3,165		'
Gain on bargain purchase	-3,285		'
Stock-based compensation expense	2,086		1,716
Net increase in liabilities for pension and other postretirement benefits	1,429		1,241
Net decrease in deferred compensation for stock-based liabilities	-287		-281
Decrease in operating working capital other than cash and cash equivalents	1,232		3,879
Other – changes in assets and liabilities	-1,601		-742
Net cash provided by operating activities	33,974		20,994
Investing activities	'		'
Capital expenditures requiring cash, excluding real estate development	-23,418		-7,095
Business acquisition, net of cash acquired	-5,170		'
Net change in purchased stumpage inventory	-1,888		33
Advances to Del-Tin Fiber	-1,025		-1,715
Repayments from Del-Tin Fiber	781		1,825
Net change in funds held by trustee	7		271
Other – net	1,294		662
Net cash required by investing activities	-29,419		-6,019
Financing activities	'		'
Proceeds from borrowings	12,000		3,000
Repayments of notes payable and long-term debt	-10,000		-14,556
Treasury stock purchases	-2,224		-19
Common stock dividends paid	-3,812		-2,848
Proceeds from stock option exercises	750		693
Excess tax benefits from stock-based compensation expense	407		546
Other – net	-1,291		-392
Net cash required by financing activities	-4,170		-13,576
Net increase in cash and cash equivalents	385		1,399
Cash and cash equivalents at January 1	5,613		3,291
Cash and cash equivalents at September 30	$5,998		$4,690
[1]	Del-Tin Fiber became a consolidated subsidiary, reported in the Manufacturing segment, upon acquisition of a controlling interest of its ownership effective April 1, 2013

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)	Total	Preferred Stock	Common Stock	Capital in excess of par value	Retained Earnings	Treasury Stock	Accumulated other comprehensive loss
In Thousands
Balance at beginning of period at Dec. 31, 2011	'	'	$128	$80,842	$163,170	($7,288)	($9,729)
Exercise of stock options	'	'	'	88	'	'	'
Stock-based compensation expense	'	'	'	1,716	'	'	'
Restricted stock awards	-1,393	'	'	-1,393	'	'	'
Tax effect of stock awards	'	'	'	563	'	'	'
Forfeited restricted stock – 570 and 785 shares, respectively	'	'	'	53	'	-53	'
Net income	6,831	'	'	'	6,831	'	'
Common stock dividends declared	'	'	'	'	-3,797	'	'
Shares purchased – 36,314 and 267 shares, respectively	'	'	'	'	'	-19	'
Shares issued for incentive plans – 43,998 and 56,943 shares, respectively	'	'	'	'	'	1,998	'
Change in other comprehensive income, net of tax	568	'	'	'	'	'	568
Balance at end of period at Sep. 30, 2012	233,678	'	128	81,869	166,204	-5,362	-9,161
Balance at beginning of period at Dec. 31, 2012	232,230	'	128	82,597	168,608	-5,000	-14,103
Exercise of stock options	'	'	'	124	'	'	'
Stock-based compensation expense	'	'	'	2,086	'	'	'
Restricted stock awards	-935	'	'	-935	'	'	'
Tax effect of stock awards	'	'	'	172	'	'	'
Forfeited restricted stock – 570 and 785 shares, respectively	'	'	'	41	'	-41	'
Net income	23,855	'	'	'	23,855	'	'
Common stock dividends declared	'	'	'	'	-5,080	'	'
Shares purchased – 36,314 and 267 shares, respectively	'	'	'	'	'	-2,224	'
Shares issued for incentive plans – 43,998 and 56,943 shares, respectively	'	'	'	'	'	1,561	'
Change in other comprehensive income, net of tax	338	'	'	'	'	'	338
Balance at end of period at Sep. 30, 2013	$252,127	'	$128	$84,085	$187,383	($5,704)	($13,765)

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Statement Consolidated Statements Of Stockholders Equity Unaudited Parenthetical [Line Items]	'	'
Cumulative preferred stock, par value	$0.01	$0.01
Cumulative preferred stock, shares authorized	20,000,000	20,000,000
Cumulative preferred stock, shares issued	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,813,879	12,813,879
Treasury stock shares, balance at beginning of period	141,974	208,296
Treasury stock, shares purchased	36,314	267
Treasury stock, shares issued for incentive plans	43,998	56,943
Treasury stock shares, balance at end of period	134,860	152,405
Forfeited restricted stock	570	785

Accounting_Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies	'
	Note 1 – Accounting Policies
	Basis of Presentation
	The consolidated financial statements have been prepared by Deltic Timber Corporation (the “Company” or “Deltic”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the Securities and Exchange Commission. Although management of the Company believes the disclosures contained herein are adequate to make the information presented not misleading, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2012. Preparation of consolidated financial statements requires management to make estimates and assumptions. These estimates and assumptions affect reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Management believes the accompanying consolidated financial statements contain all adjustments, including normal recurring accruals and adjustments, which in the opinion of management are necessary to present fairly its financial position as of September 30, 2013, and the results of its operations and cash flows for the three months and nine months ended September 30, 2013 and 2012. These consolidated financial statements are not necessarily indicative of results to be expected for the full year. The Company has evaluated subsequent events through the date the financial statements were issued.
	Business Combinations
	The Company accounts for business combinations using the acquisition method.  The assets acquired and liabilities assumed are measured at fair value on the acquisition date using appropriate valuation methods.  The operations of the acquisitions are included in the consolidated financial statements from the date of acquisition.  (For additional information, see Note 4 – Business Combinations.)
	Recently Issued Authoritative Accounting Pronouncements and Guidance
	Financial Accounting Standards Update No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Topic 220),” became effective for the Company on January 1, 2013.  The amendment of this update requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component including the respective line item of net income when reclassed in its entirety or cross-referenced to other disclosures if not reclassed in its entirety.  (For additional information, refer to Note 12 – Other Comprehensive Income Disclosures.)

Inventories

Inventories	9 Months Ended
	Sep. 30, 2013
Inventories	'
	Note 2 – Inventories
	Inventories at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Raw materials  -  Logs	$	1,360	1,341
	-  Del-Tin – wood fiber		578	-
	Finished goods -  Lumber		4,012	3,231
	- Medium density fiberboard		4,382	-
	Supplies		2,763	322
		$	13,095	4,894

Prepaid_Expenses_and_Other_Cur

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2013
Prepaid Expenses and Other Current Assets	'
	Note 3 – Prepaid Expenses and Other Current Assets
	Prepaid expenses and other current assets at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Short-term deferred tax assets	$	2,121	2,074
	Prepaid expenses		1,277	88
	Other current assets		473	646
		$	3,871	2,808

Business_Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2013
Business Combinations	'
	Note 4 – Business Combinations
	On April 1, 2013, the Company acquired the remaining 50 percent membership interest of Del-Tin Fiber L.L.C. (“Del-Tin Fiber”) for an agreed-upon amount of approximately $20,000,000 which was considered to be comprised of a cash payment of $5,170,000 and the value of 50 percent of the long-term debt. Del-Tin Fiber was an existing joint venture that operates a medium density fiberboard (“MDF”) manufacturing facility in El Dorado, Arkansas.  This facility has a rated annual production capacity of 150,000,000 square feet, on a   3⁄4 inch basis. The acquisition resulted in Deltic obtaining a controlling financial interest in Del-Tin Fiber due to the Company’s 100 percent ownership of the membership interest of Del-Tin Fiber.  As a result, Deltic began treating Del-Tin Fiber as a consolidated subsidiary of the Company as of the acquisition date.  With this consolidation, on April 1, 2013, Deltic’s Consolidated Balance Sheet included the $29,000,000 of long-term debt of Del-Tin Fiber, which represents the L.L.C.’s recorded liability for the outstanding industrial bonds due in 2027.  This acquisition was consistent with Deltic’s strategy of growth through acquisitions and vertical integration, since Del-Tin Fiber uses residual by-products generated by Deltic’s sawmill operations as the raw material in its manufacturing process.
	Note 4 – Business Combinations (cont.)
	Prior to this acquisition, the Company owned 50 percent of the membership interest of Del-Tin Fiber, and reported it as an equity method investment. In accordance with ASC 805, Deltic accounted for the acquisition as a business combination achieved in stages.  Thus, the Company remeasured the carrying amount of its previously held investment in the joint venture to current fair value, and recorded a $3,165,000 pretax remeasurement gain, determined by the amount by which the acquisition-date fair value of this investment, of $10,786,000, exceeded its previous carrying amount of $7,621,000. This gain was included in Other Income in the Company’s Consolidated Statements of Income for the nine months ended September 30, 2013.
	The acquisition date fair value of the Company’s existing 50 percent equity interest in Del-Tin Fiber was derived by applying the ownership percentage to the fair value of the net assets of Del-Tin Fiber.  It was determined that no discounting was required, since prior to the acquisition, there was equally shared control of the joint venture by the owning members without specific benefit identified that related to the existence of control.  In addition, Deltic continues to operate the existing facility to produce MDF.
	The fair value of assets acquired and liabilities assumed was determined using a combination of various methodologies, as appropriate, depending on the asset type and classification.  Current assets and liabilities were valued at book value since carrying value approximated fair value. Property, plant, and equipment assets were valued under various methodologies, including the market approach using comparable sales for real estate and the cost approach discounted for obsolescence for plant and equipment.  Intangible assets were valued using the discounted income approach and using a discount rate of 15 percent.  Long-term debt was valued at book value since it approximated fair value.  There was no tax deductible goodwill as a result of the Del-Tin Fiber acquisition.
	The total cost of the acquisition has been allocated to the assets acquired and the liabilities assumed based upon their estimated fair values at the date of the acquisition and is presented in the table below. The purchase price allocation and gain on bargain purchase are preliminary estimates and are subject to change during the measurement period as the deferred taxes related to the acquired assets are finalized.
	Note 4 – Business Combinations (cont.)
	The preliminary purchase price allocated to the net tangible and intangible assets acquired and liabilities assumed based on their fair values as of the acquisition date and the calculation of the gain on bargain purchase were as follows:
	(Thousands of dollars)
	Accounts receivable	$	4,229
	Inventories		4,805
	Other current assets		360
	Property, plant, and equipment		40,960
	Intangible assets1		1,700
	Other assets		171
	Current liabilities		(1,653	)
	Deferred tax liabilities		(2,331	)
	Long-term liabilities		(29,000	)
	Net assets acquired		19,241
	Cash paid		(5,170	)
	Fair value of previously held investment in Del-Tin Fiber		(10,786	)
	Gain on bargain purchase	$	3,285
	1The acquired intangible assets consist of internally developed software which is being amortized over three years.
	The preliminary purchase price allocation resulted in the recognition of a gain on bargain purchase of approximately $3,285,000, which was included in the Consolidated Statements of Income for the nine months ended September 30, 2013.  The gain on bargain purchase was the result of the fair value of the identifiable net assets acquired exceeding the purchase price paid for the acquisition.  The seller, Deltic’s former joint venture partner, was motivated to sell its half of Del-Tin Fiber in order to facilitate the sale of its remaining building products business to a major building products company that had no interest in owning a membership interest in a joint venture.  This sale was part of the former joint venture partner’s stated plan to divest itself of its building product assets by the end of the year 2013.
	Transaction costs related to the acquisition of Del-Tin Fiber were insignificant and were expensed as incurred. The cash paid to the seller at the closing of the acquisition was funded by cash on hand.
	The results of Del-Tin Fiber’s operations have been included in the consolidated financial statements subsequent to the acquisition date and were included in the Company’s Manufacturing segment. Subsequent to the acquisition date, for the three months and nine months ended September 30, 2013, the Company included net sales of approximately $17,156,000 and $34,593,000, respectively from  Del-Tin Fiber in its Consolidated Statements of Income.  Deltic’s operating income for the three months and nine months ended September 30, 2013, included $2,440,000 and $3,911,000, respectively, from Del-Tin Fiber operations.
	Note 4 – Business Combinations (cont.)
	The following unaudited supplemental pro forma financial information in the table below summarizes the Company’s combined results of operations as if the acquisition of Del-Tin Fiber had occurred at the beginning of the periods presented.  The pro forma financial information is not necessarily indicative of the results of operations that would have occurred if the acquisition had been completed on January 1, 2012.
			Nine Months Ended
			September 30,
	(Thousands of dollars, except per share amounts)		2013			2012
	Net sales	$	168,895		$	154,177
	Net income		20,104			6,633
	Basic net income per share		1.60			.53
	Diluted net income per share		1.59			.  53

Timber_and_Timberlands

Timber and Timberlands	9 Months Ended
	Sep. 30, 2013
Timber and Timberlands	'
	Note 5 – Timber and Timberlands
	Timber and timberlands at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,		Dec. 31,
			2013		2012
	Purchased stumpage inventory	$	2,790		902
	Timberlands		102,687		99,159
	Fee timber		253,501		246,105
	Logging facilities		2,636		2,601
			361,614		348,767
	Less accumulated cost of fee timber harvested and facilities  depreciation		(112,422	)	(108,873	)
	Strategic timber and timberlands		249,192		239,894
	Non-strategic timber and timberlands		-		321
		$	249,192		240,215
	In 1999, the Company initiated a program to identify and sell non-strategic timberlands and use the sales proceeds to purchase pine timberlands that are strategic to its operations. In 2008, Deltic identified approximately 10,000 acres of non-strategic timberlands that existed within its timberlands base to be sold. Other non-strategic acreage exists within the Company’s land base, but Deltic has not completely identified the number of acres that fit within this category. As the Company identifies these acres and determines that they are either smaller tracts of pine timberlands that cannot be strategically managed or tracts of hardwood bottomland that cannot be converted into pine growing acreage, they will be sold.  Included in the Woodlands operating income were gains from sales of non-strategic timberland of $190,000 and $305,000 for the three months ended September 30, 2013, and 2012, respectively, and $1,548,000 and $942,000 for the nine months ended September 30, 2013 and 2012, respectively.

Property_Plant_and_Equipment

Property, Plant, and Equipment	9 Months Ended
	Sep. 30, 2013
Property, Plant, and Equipment	'
	Note 6 – Property, Plant, and Equipment
	Property, plant, and equipment at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,		Dec. 31,
			2013		2012
	Land	$	947		357
	Land improvements		8,312		6,322
	Buildings and structures		22,578		13,985
	Machinery and equipment		142,569		99,867
			174,406		120,531
	Less accumulated depreciation		(99,886	)	(93,863	)
		$	74,520		26,668

Deferred_Revenues_and_Other_Ac

Deferred Revenues and Other Accrued Liabilities	9 Months Ended
	Sep. 30, 2013
Deferred Revenues and Other Accrued Liabilities	'
	Note 7 – Deferred Revenues and Other Accrued Liabilities
	Deferred revenues and other accrued liabilities at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Deferred revenues – current	$	4,538	3,794
	Dividend payable		1,268	-
	Vacation accrual		1,338	971
	Deferred compensation		3,116	2,720
	All other current liabilities		2,388	1,609
		$	12,648	9,094

Other_Noncurrent_Liabilities

Other Noncurrent Liabilities	9 Months Ended
	Sep. 30, 2013
Other Noncurrent Liabilities	'
	Note 8 – Other Noncurrent Liabilities
	Other noncurrent liabilities at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Accumulated postretirement benefit obligation	$	12,655	12,132
	Excess retirement plan		9,135	9,063
	Accrued pension liability		17,262	17,254
	Deferred revenue – long-term portion		913	2,064
	Uncertain tax positions liability		1,185	1,325
	Other noncurrent liabilities		2,361	2,644
		$	43,511	44,482

Credit_Facilities_and_Debt

Credit Facilities and Debt	9 Months Ended
	Sep. 30, 2013
Credit Facilities and Debt	'
	Note 9 – Credit Facilities and Debt
	On May 2, 2013, the Company amended and extended its unsecured and committed revolving credit agreement. Pursuant to the amendment, the amount was increased from $297,500,000 to $340,000,000; the term was extended to May 1, 2018; and the pricing of applicable margins and commitment fees were amended.  To facilitate the amendment, the Company incurred $765,000 in fees that will be amortized over the length of the agreement, together with the remaining unamortized costs of $617,000 from the previous amendment.
	With consolidation of Del-Tin Fiber into the Company’s financial statements on April 1, 2013,  Deltic’s long-term debt includes $29,000,000 in Union County, Arkansas Taxable Industrial Revenue Bonds (Del-Tin Fiber project) 1998 Series due October 1, 2027, (the “Bonds”).  Prior to the April 1, 2013 acquisition of Del-Tin Fiber, Deltic was a guarantor of one-half of the letter of credit supporting the bonds.  These Bonds bear interest at a variable rate determined weekly by the remarketing agent of the Bonds.  Interest is due on the first business day of the month, and all unpaid interest and all principal is due on October 1, 2027.  The average interest rate on the Bonds was .70 percent in 2012 and .87 percent in 2011.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes	'
	Note 10 – Income Taxes
	The Company’s effective tax rate for the three months and nine months ended September 30, 2013, was 32 percent. The Company’s policy is to recognize interest expense related to unrecognized tax benefits in interest expense and penalties in other expenses. During the nine months ended September 30, 2013, the Company recognized $76,000 in interest expense from these items. The Company had approximately $558,000 accrued in deferred revenues and other accrued liabilities for interest and penalties at September 30, 2013. If the Company were to prevail on all unrecognized tax benefits recorded on the balance sheet, approximately $776,000 would benefit the effective rate.  The Company is no longer subject to U.S. federal and state examinations by tax authorities for years before 2010.

Employee_and_Retiree_Benefit_P

Employee and Retiree Benefit Plans	9 Months Ended
	Sep. 30, 2013
Employee and Retiree Benefit Plans	'
	Note 11 – Employee and Retiree Benefit Plans
	Components of net periodic retirement expense and other postretirement benefits expense consisted of the following:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(Thousands of dollars)	2013			2012				2013			2012
	Funded qualified retirement plan
	Service cost	$	388			408				1,162			1,223
	Interest cost		389			405				1,167			1,216
	Expected return on plan assets		(474	)		(423	)			(1,420	)		(1,269	)
	Amortization of prior service cost		4			5				13			14
	Recognized actuarial loss		213			245				639			736
	Net retirement expense	$	520			640				1,561			1,920
	Unfunded nonqualified retirement plan
	Service cost	$	35			91				107			273
	Interest cost		48			89				144			266
	Amortization of prior service cost		(2	)		(3	)			(8	)		(8	)
	Recognized actuarial loss		18			95				56			287
	Net retirement expense	$	99			272				299			818
	Other postretirement benefits
	Service cost	$	113			114				338			341
	Interest cost		107			116				323			350
	Recognized actuarial loss		2			19				6			55
	Amortization of plan amendment		(50	)		(50	)			(149	)		(149	)
	Net other postretirement benefits expense	$	172			199				518			597
	The Company made contributions to its qualified plan of $900,000 during the first nine months of 2013 and expects to continue to fund the plan at the same level over the remainder of 2013. The expected long-term rate of return on pension plan assets is 7.50 percent.

Other_Comprehensive_Income_Dis

Other Comprehensive Income Disclosures	9 Months Ended
	Sep. 30, 2013
Other Comprehensive Income Disclosures	'
	Note 12 – Other Comprehensive Income Disclosures
	The following tables detail the changes in accumulated other comprehensive loss (“AOCL”) by component for the nine months ended September 30, 2013 and 2012:
	Changes in Accumulated Other Comprehensive Loss by Component (Net of Tax)
	(Thousands of dollars)		Defined						Defined				Post			Total
			Benefit						Benefit				Retirement
			Funded						Unfunded				Benefit
			Retirement						Retirement				Plan
			Plan						Plan
	AOCL at January 1, 2013	$	(9,552		)				(3,380		)		(1,171	)		(14,103	)
	Amounts reclassified from AOCL		396						29				(87	)		338
	Net current period other comprehensive income		396						29				(87	)		338
	AOCL at September 30, 2013	$	(9,156		)				(3,351		)		(1,258	)		(13,765	)
	(Thousands of dollars)		Defined						Defined				Post			Total
			Benefit						Benefit				Retirement
			Funded						Unfunded				Benefit
			Retirement						Retirement				Plan
			Plan						Plan
	AOCL at January 1, 2012	$	(8,124		)				(855		)		(750	)		(9,729	)
	Amounts reclassified from AOCL		456						169				(57	)		568
	Net current period other comprehensive income		456						169				(57	)		568
	AOCL at September 30, 2012	$	(7,668		)				(686		)		(807	)		(9,161	)
	Note 12 – Other Comprehensive Income Disclosures (cont.)
	Reclassification Out of Accumulated Other Comprehensive Loss
	Details about AOCL Components
		Nine Months Ended September 30, 2013
	(Thousands of dollars)	Defined						Defined				Post			Total
		Benefit						Benefit				Retirement
		Funded						Unfunded				Benefit
		Retirement						Retirement				Plan
		Plan						Plan
	Amortization of prior service costs	$	13						(8		)		-			5
	Amortization of actuarial losses		639						56				6			701
	Amortization of plan amendment		-						-				(149	)		(149	)
	Total before tax		652						48				(143	)		557
	Income tax benefit/(expense)		(256		)				(19		)		56			(219	)
	Total reclassifications – net of tax	$	396						29				(87	)		338
	Amounts in parentheses indicate expenses.  These items are included in the computation of net periodic retirement and postretirement costs.  See Note 11 – Employee and Retiree Benefit Plans.
		Nine Months Ended September 30, 2012
	(Thousands of dollars)	Defined						Defined				Post			Total
		Benefit						Benefit				Retirement
		Funded						Unfunded				Benefit
		Retirement						Retirement				Plan
		Plan						Plan
	Amortization of prior service costs	$	14						(8		)		-			6
	Amortization of actuarial losses		736						287				55			1,078
	Amortization of plan amendment		-						-				(149	)		(149	)
	Total before tax		750						279				(94	)		935
	Income tax benefit/(expense)		(294		)				(110		)		37			(367	)
	Total reclassifications – net of tax	$	456						169				(57	)		568
	Amounts in parentheses indicate expenses.  These items are included in the computation of net periodic retirement and postretirement costs.  See Note 11 – Employee and Retiree Benefit Plans.
	Note 12 – Other Comprehensive Income Disclosures (cont.)
	Tax Effects by Component
		Nine Months Ended September 30, 2013
	(Thousands of dollars)	Before				Tax			Net of
		Tax				(Expense)			Tax
		Amount				or Benefit			Amount
	Amortization of prior service costs	$	5				(2	)		3
	Amortization of actuarial losses		701				(275	)		426
	Amortization of plan amendment		(149	)			58			(91	)
		$	557				(219	)		338
		Nine Months Ended September 30, 2012
	(Thousands of dollars)	Before				Tax			Net of
		Tax				(Expense)			Tax
Amount		or Benefit				Amount
Amortization of prior service costs	$	6				(2	)		4
Amortization of actuarial losses		1,078				(423	)		655
Amortization of plan amendment		(149	)			58			(91	)
	$	935				(367	)		568

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2013
Stock-Based Compensation	'
	Note 13 – Stock-Based Compensation
	The Consolidated Statements of Income for the three months ended September 30, 2013 and 2012, included $711,000 and $581,000, respectively, of stock-based compensation expense reflected in general and administrative expenses. For the nine months ended September 30, 2013 and 2012, the amounts were $2,086,000 and $1,716,000, respectively.
	Assumptions for the valuation of 2013 stock options and restricted stock performance units consisted of the following:
		2013
	Expected term of options (in years)		6.27
	Weighted expected volatility		37.78		%
	Dividend yield		.58		%
	Risk-free interest rate – performance restricted shares		.60		%
	Risk-free interest rate – options		1.98		%
	Stock price as of valuation date	$	71.35
	Restricted performance share valuation	$	87.74
	Grant date fair value – stock options	$	26.20
	Stock Options – A summary of stock options as of September 30, 2013, and changes during the nine months then ended are presented below:
		Options	Shares					Weighted			Weighted		Aggregate
								Average			Average		Intrinsic
								Exercise			Remaining		Value
								Price			Contractual		$0
											Term (Years)
		Outstanding at January 1, 2013		125,920					$	54.92
		Granted		24,058						71.35
		Exercised		(17,728		)				42.30
		Forfeited		(543		)				60.10
		Outstanding at September 30, 2013		131,707					$	59.60		6.7		$	946
		Exercisable at September 30, 2013		67,877					$	53.85		5.1		$	783
	The aggregate intrinsic value in the table above is the sum of the amounts by which the quoted market price of the Company’s common stock exceeded the exercise price of the options at September 30, 2013, for those options for which the quoted market price was in excess of the exercise price. This amount changes over time based on changes in the fair market value of the Company’s stock. As of September 30, 2013, there was $1,139,000 of unrecognized compensation cost related to nonvested stock options. That cost is expected to be recognized over a weighted-average period of 1.7 years.
	Note 13 – Stock-Based Compensation (cont.)
	Restricted Stock and Restricted Stock Units – A summary of nonvested restricted stock as of September 30, 2013, and changes during the nine months ended are presented below:
		Nonvested Restricted Stock	Shares				Weighted
							Average
							Grant-Date
							Fair Value
		Nonvested at January 1, 2013		76,352			$	52.09
		Granted		23,735				71.35
		Vested		(20,229	)			34.41
		Forfeited		(267	)			58.22
		Nonvested at September 30, 2013		79,591			$	62.31
	As of September 30, 2013, there was $2,608,000 of unrecognized compensation cost related to nonvested restricted stock. That cost is expected to be recognized over a weighted-average period of 1.9 years.
	Performance Units – A summary of nonvested restricted stock performance units as of September 30, 2013, and changes during the nine months then ended are presented below:
		Nonvested Restricted Stock Performance Units	Shares				Weighted
							Average
							Grant-Date
							Fair Value
		Nonvested at January 1, 2013		50,393			$	68.30
		Granted		16,427				87.74
		Units not meeting vesting conditions		(13,892	)			43.48
		Forfeited		(303	)			77.57
		Nonvested at September 30, 2013		52,625			$	80.87
	As of September 30, 2013, there was $2,238,000 of unrecognized compensation cost related to nonvested restricted stock performance units. That cost is expected to be recognized over a weighted-average period of 1.9 years.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2013
Contingencies	'
	Note 14 – Contingencies
	At various times, the Company may be involved in litigation incidental to its operations. Currently, there are no material legal proceedings outstanding.

Gain_on_Involuntary_Conversion

Gain on Involuntary Conversion	9 Months Ended
	Sep. 30, 2013
Gain on Involuntary Conversion	'
	Note 15 – Gain on Involuntary Conversion
	In December of 2012, four lumber storage sheds at the Company’s Ola Mill were destroyed due to an accumulation of snow and ice on their roofs. Insurance policies covered the replacement cost of these sheds, subject to deductibles. The Company has received a total of $881,000 in payments from the insurance company for the nine months ended September 30, 2013.  These payments were reported in operating income as a gain on involuntary conversion in the Consolidated Statements of Income.  These proceeds were used to fund capital expenditures to replace the storage sheds.

Fair_Value_Measurement

Fair Value Measurement

9 Months Ended

Sep. 30, 2013

Fair Value of Financial Instruments

'

Note 16 – Fair Value Measurement

Fair Value Measurement Accounting establishes a fair value hierarchy based on the quality of inputs used to measure fair value, with Level 1 being the highest quality and Level 3 being the lowest quality. Level 1 inputs are quoted prices in active markets on identical assets or liabilities. Level 2 inputs are observable inputs other than quoted prices included in Level 1. Level 3 inputs are unobservable inputs which reflect assumptions about pricing by market participants.

The following is a description of the valuation methodologies used for assets and liabilities measured at fair value.

Nonqualified employee savings plan – Consists of mutual funds, which are valued at the net asset value of shares held by the plan at the balance sheet date, at quoted market prices.

The fair value measurements for the Company’s financial liabilities accounted for at fair value on a recurring basis at September 30, 2013, are presented in the following table:

Fair Value Measurements at Reporting Date Using

September 30,

Quoted Prices in

Significant

Significant

2013

Active Markets

Observable

Unobservable

for Identical

Inputs

Inputs

Liabilities

Level 2

Level 3

Inputs

(Thousands of dollars)

Level 1

Liabilities

Nonqualified employee savings plan

$

1,221

1,221

–

–

Long-term debt, including current liabilities – The fair value is estimated by discounting the scheduled debt payment streams to present value based on market rates for which the Company’s debt could be valued.

The following table presents the carrying amounts and estimated fair values of financial instruments at September 30, 2013 and 2012. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties. The table excludes financial instruments included in current assets and liabilities, except current maturities of long-term debt, all of which have fair values approximating carrying values.

September 30, 2013

September 30, 2012

(Thousands of dollars)

Carrying

Estimated

Carrying

Estimated

Amount

Fair Value

Amount

Fair Value

Financial liabilities

Long-term debt, including current liabilities

$

94,000

98,307

53,555

58,103

Earnings_per_Common_Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Common Share	'
	Note 17 – Earnings per Common Share
	The amounts used in computing earnings per share and the effect on income and weighted average number of shares outstanding of dilutive potential common stock consisted of the following:
	(Thousands, except per share amounts)	Three Months Ended							Nine Months Ended
		September 30,							September 30,
		2013				2012				2013			2012
	Net earnings allocated to common stock	$		5,753			3,186				23,611			6,764
	Net earnings allocated to participating securities			60			32				244			67
	Net income allocated to common stock and participating securities	$		5,813			3,218				23,855			6,831
	Weighted average number of common shares used in basic EPS			12,571			12,533				12,572			12,521
	Effect of dilutive stock awards			48			33				56			39
	Weighted average number of common shares and dilutive potential common stock used in EPS assuming dilution			12,619			12,566				12,628			12,560
	Earnings per common share
	Basic	$		.46			.25				1.88			.54
	Assuming dilution	$		.46			.25				1.87			.54
	Diluted earnings per common share is computed using the weighted average number of shares determined for the basic earnings per common share computation plus the diluted effect of common stock equivalents using the treasury stock method.
	The following table provides information about potentially dilutive securities that were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive, or in the case of the restricted performance shares, did not meet the metrics established for awarding:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012				2013			2012
	Options		76,568			53,205				50,197			53,205
	Restricted performance shares		52,625			38,152				52,625			38,152

Supplemental_Cash_Flows_Disclo

Supplemental Cash Flows Disclosures	9 Months Ended
	Sep. 30, 2013
Supplemental Cash Flows Disclosures	'
	Note 18 – Supplemental Cash Flow Disclosures
	Additional information concerning cash flows is as follows:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Income taxes paid in cash	$	8,527			2,171
	Interest paid		2,072			1,894
	Interest capitalized		(27	)		(21	)
	Non-cash investing and financing activities excluded from the statement of cash flows include:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Issuance of restricted stock	$	935			1,393
	Land exchanges and capital expenditures accrued, not paid		1,174			126
	Fair value of Del-Tin Fiber net assets acquired		19,241			-
	(Increases)/decreases in working capital, other than cash and cash equivalents, consisted of the following:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Trade accounts receivable	$	(1,067	)		(1,252	)
	Other receivables		5			(48	)
	Inventories		(3,396	)		(1,084	)
	Prepaid expenses and other current assets		(680	)		740
	Trade accounts payable		2,996			2,561
	Accrued taxes other than income taxes		236			17
	Income taxes payable		990			342
	Deferred revenues and other accrued liabilities		2,148			2,603
		$	1,232			3,879

Business_Segments

Business Segments	9 Months Ended
	Sep. 30, 2013
Business Segments	'
	Note 19 – Business Segments
	Information about the Company’s business segments consisted of the following:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
	(Thousands of dollars)		2013		2012		2013		2012
	Net sales
	Woodlands	$	8,410		9,494		27,184		28,820
	Manufacturing		48,841		27,546		126,649		78,057
	Real Estate		2,710		3,187		8,867		8,425
	Eliminations1		(3,441	)	(3,728	)	(11,370	)	(11,059	)
		$	56,520		36,499		151,330		104,243
	Income before income taxes
	Operating income/(loss)
	Woodlands	$	3,977		4,734		13,482		14,202
	Manufacturing2		11,370		5,574		32,865		12,864
	Real Estate		(680	)	(644	)	(1,173	)	(1,712	)
	Corporate		(4,969	)	(4,887	)	(13,792	)	(12,886	)
	Eliminations		(99	)	327		(244	)	29
	Operating income		9,599		5,104		31,138		12,497
	Equity in earnings of Del-Tin Fiber2		-		510		1,084		602
	Interest income		4		7		12		13
	Interest and other debt expense, net of capitalized interest		(1,110	)	(1,003	)	(3,431	)	(3,074	)
	Gain on bargain purchase		-		-		3,285		-
	Other income/(loss)		22		(13	)	3,247		41
		$	8,515		4,605		35,335		10,079
	Depreciation, amortization, and cost of fee timber harvested
	Woodlands	$	1,400		1,272		3,899		3,841
	Manufacturing2		2,912		1,307		6,999		4,117
	Real Estate		86		94		258		284
	Corporate		23		25		71		79
		$	4,421		2,698		11,227		8,321
	Capital expenditures
	Woodlands	$	1,060		1,223		11,820		4,652
	Manufacturing2		3,185		611		12,517		2,394
	Real Estate		650		521		1,188		1,259
	Corporate		3		-		10		4
		$	4,898		2,355		25,535		8,309
	1 Primarily intersegment sales of timber from Woodlands to Manufacturing.
	2 Del-Tin Fiber became a consolidated subsidiary, reported in the Manufacturing segment, upon   acquisition of a controlling interest of its ownership effective April 1, 2013.

Accounting_Policies_Policies

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Basis of Presentation	'
	Basis of Presentation
	The consolidated financial statements have been prepared by Deltic Timber Corporation (the “Company” or “Deltic”). Certain information and accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations of the Securities and Exchange Commission. Although management of the Company believes the disclosures contained herein are adequate to make the information presented not misleading, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2012. Preparation of consolidated financial statements requires management to make estimates and assumptions. These estimates and assumptions affect reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Management believes the accompanying consolidated financial statements contain all adjustments, including normal recurring accruals and adjustments, which in the opinion of management are necessary to present fairly its financial position as of September 30, 2013, and the results of its operations and cash flows for the three months and nine months ended September 30, 2013 and 2012. These consolidated financial statements are not necessarily indicative of results to be expected for the full year. The Company has evaluated subsequent events through the date the financial statements were issued.
Business Combinations	'
	Business Combinations
	The Company accounts for business combinations using the acquisition method.  The assets acquired and liabilities assumed are measured at fair value on the acquisition date using appropriate valuation methods.  The operations of the acquisitions are included in the consolidated financial statements from the date of acquisition.  (For additional information, see Note 4 – Business Combinations.)
Recently Issued Authoritative Accounting Pronouncements and Guidance	'
	Recently Issued Authoritative Accounting Pronouncements and Guidance
	Financial Accounting Standards Update No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (Topic 220),” became effective for the Company on January 1, 2013.  The amendment of this update requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component including the respective line item of net income when reclassed in its entirety or cross-referenced to other disclosures if not reclassed in its entirety.  (For additional information, refer to Note 12 – Other Comprehensive Income Disclosures.)

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2013
Inventories	'
	Inventories at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Raw materials  -  Logs	$	1,360	1,341
	-  Del-Tin – wood fiber		578	-
	Finished goods -  Lumber		4,012	3,231
	- Medium density fiberboard		4,382	-
	Supplies		2,763	322
		$	13,095	4,894

Prepaid_Expenses_and_Other_Cur1

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Prepaid Expenses and Other Current Assets	'
	Prepaid expenses and other current assets at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Short-term deferred tax assets	$	2,121	2,074
	Prepaid expenses		1,277	88
	Other current assets		473	646
		$	3,871	2,808

Business_Combinations_Tables

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2013
Purchase Price Allocated to Net Tangible and Intangible Assets	'
	Note 4 – Business Combinations (cont.)
	The preliminary purchase price allocated to the net tangible and intangible assets acquired and liabilities assumed based on their fair values as of the acquisition date and the calculation of the gain on bargain purchase were as follows:
	(Thousands of dollars)
	Accounts receivable	$	4,229
	Inventories		4,805
	Other current assets		360
	Property, plant, and equipment		40,960
	Intangible assets1		1,700
	Other assets		171
	Current liabilities		(1,653	)
	Deferred tax liabilities		(2,331	)
	Long-term liabilities		(29,000	)
	Net assets acquired		19,241
	Cash paid		(5,170	)
	Fair value of previously held investment in Del-Tin Fiber		(10,786	)
	Gain on bargain purchase	$	3,285
	1The acquired intangible assets consist of internally developed software which is being amortized over three years.
Summarizes Combined Results of Operations on Pro Forma Basis	'
	Note 4 – Business Combinations (cont.)
	The following unaudited supplemental pro forma financial information in the table below summarizes the Company’s combined results of operations as if the acquisition of Del-Tin Fiber had occurred at the beginning of the periods presented.  The pro forma financial information is not necessarily indicative of the results of operations that would have occurred if the acquisition had been completed on January 1, 2012.
			Nine Months Ended
			September 30,
	(Thousands of dollars, except per share amounts)		2013			2012
	Net sales	$	168,895		$	154,177
	Net income		20,104			6,633
	Basic net income per share		1.60			.53
	Diluted net income per share		1.59			.  53

Timber_and_Timberlands_Tables

Timber and Timberlands (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Timber and Timberlands	'
	Timber and timberlands at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,		Dec. 31,
			2013		2012
	Purchased stumpage inventory	$	2,790		902
	Timberlands		102,687		99,159
	Fee timber		253,501		246,105
	Logging facilities		2,636		2,601
			361,614		348,767
	Less accumulated cost of fee timber harvested and facilities  depreciation		(112,422	)	(108,873	)
	Strategic timber and timberlands		249,192		239,894
	Non-strategic timber and timberlands		-		321
		$	249,192		240,215

Property_Plant_and_Equipment_T

Property, Plant, and Equipment (Tables)	9 Months Ended
	Sep. 30, 2013
Property, Plant, and Equipment	'
	Property, plant, and equipment at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,		Dec. 31,
			2013		2012
	Land	$	947		357
	Land improvements		8,312		6,322
	Buildings and structures		22,578		13,985
	Machinery and equipment		142,569		99,867
			174,406		120,531
	Less accumulated depreciation		(99,886	)	(93,863	)
		$	74,520		26,668

Deferred_Revenues_and_Other_Ac1

Deferred Revenues and Other Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2013
Deferred Revenues and Other Accrued Liabilities	'
	Deferred revenues and other accrued liabilities at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Deferred revenues – current	$	4,538	3,794
	Dividend payable		1,268	-
	Vacation accrual		1,338	971
	Deferred compensation		3,116	2,720
	All other current liabilities		2,388	1,609
		$	12,648	9,094

Other_Noncurrent_Liabilities_T

Other Noncurrent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2013
Other Noncurrent Liabilities	'
	Other noncurrent liabilities at the balance sheet dates consisted of the following:
	(Thousands of dollars)		Sept. 30,	Dec. 31,
			2013	2012
	Accumulated postretirement benefit obligation	$	12,655	12,132
	Excess retirement plan		9,135	9,063
	Accrued pension liability		17,262	17,254
	Deferred revenue – long-term portion		913	2,064
	Uncertain tax positions liability		1,185	1,325
	Other noncurrent liabilities		2,361	2,644
		$	43,511	44,482

Employee_and_Retiree_Benefit_P1

Employee and Retiree Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Retirement Expense and Other Postretirement Benefits Expense	'
	Components of net periodic retirement expense and other postretirement benefits expense consisted of the following:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(Thousands of dollars)	2013			2012				2013			2012
	Funded qualified retirement plan
	Service cost	$	388			408				1,162			1,223
	Interest cost		389			405				1,167			1,216
	Expected return on plan assets		(474	)		(423	)			(1,420	)		(1,269	)
	Amortization of prior service cost		4			5				13			14
	Recognized actuarial loss		213			245				639			736
	Net retirement expense	$	520			640				1,561			1,920
	Unfunded nonqualified retirement plan
	Service cost	$	35			91				107			273
	Interest cost		48			89				144			266
	Amortization of prior service cost		(2	)		(3	)			(8	)		(8	)
	Recognized actuarial loss		18			95				56			287
	Net retirement expense	$	99			272				299			818
	Other postretirement benefits
	Service cost	$	113			114				338			341
	Interest cost		107			116				323			350
	Recognized actuarial loss		2			19				6			55
	Amortization of plan amendment		(50	)		(50	)			(149	)		(149	)
	Net other postretirement benefits expense	$	172			199				518			597

Other_Comprehensive_Income_Dis1

Other Comprehensive Income Disclosures (Tables)	9 Months Ended
	Sep. 30, 2013
Changes in Accumulated Other Comprehensive Loss by Component (Net of Tax)	'
	Changes in Accumulated Other Comprehensive Loss by Component (Net of Tax)
	(Thousands of dollars)		Defined						Defined				Post			Total
			Benefit						Benefit				Retirement
			Funded						Unfunded				Benefit
			Retirement						Retirement				Plan
			Plan						Plan
	AOCL at January 1, 2013	$	(9,552		)				(3,380		)		(1,171	)		(14,103	)
	Amounts reclassified from AOCL		396						29				(87	)		338
	Net current period other comprehensive income		396						29				(87	)		338
	AOCL at September 30, 2013	$	(9,156		)				(3,351		)		(1,258	)		(13,765	)
	(Thousands of dollars)		Defined						Defined				Post			Total
			Benefit						Benefit				Retirement
			Funded						Unfunded				Benefit
			Retirement						Retirement				Plan
			Plan						Plan
	AOCL at January 1, 2012	$	(8,124		)				(855		)		(750	)		(9,729	)
	Amounts reclassified from AOCL		456						169				(57	)		568
	Net current period other comprehensive income		456						169				(57	)		568
	AOCL at September 30, 2012	$	(7,668		)				(686		)		(807	)		(9,161	)
Reclassification Out of Accumulated Other Comprehensive Loss	'
	Reclassification Out of Accumulated Other Comprehensive Loss
	Details about AOCL Components
		Nine Months Ended September 30, 2013
	(Thousands of dollars)	Defined						Defined				Post			Total
		Benefit						Benefit				Retirement
		Funded						Unfunded				Benefit
		Retirement						Retirement				Plan
		Plan						Plan
	Amortization of prior service costs	$	13						(8		)		-			5
	Amortization of actuarial losses		639						56				6			701
	Amortization of plan amendment		-						-				(149	)		(149	)
	Total before tax		652						48				(143	)		557
	Income tax benefit/(expense)		(256		)				(19		)		56			(219	)
	Total reclassifications – net of tax	$	396						29				(87	)		338
	Amounts in parentheses indicate expenses.  These items are included in the computation of net periodic retirement and postretirement costs.  See Note 11 – Employee and Retiree Benefit Plans.
		Nine Months Ended September 30, 2012
	(Thousands of dollars)	Defined						Defined				Post			Total
		Benefit						Benefit				Retirement
		Funded						Unfunded				Benefit
		Retirement						Retirement				Plan
		Plan						Plan
	Amortization of prior service costs	$	14						(8		)		-			6
	Amortization of actuarial losses		736						287				55			1,078
	Amortization of plan amendment		-						-				(149	)		(149	)
	Total before tax		750						279				(94	)		935
	Income tax benefit/(expense)		(294		)				(110		)		37			(367	)
	Total reclassifications – net of tax	$	456						169				(57	)		568
	Amounts in parentheses indicate expenses.  These items are included in the computation of net periodic retirement and postretirement costs.  See Note 11 – Employee and Retiree Benefit Plans.
Tax Effects by Component	'
	Tax Effects by Component
		Nine Months Ended September 30, 2013
	(Thousands of dollars)	Before				Tax			Net of
		Tax				(Expense)			Tax
		Amount				or Benefit			Amount
	Amortization of prior service costs	$	5				(2	)		3
	Amortization of actuarial losses		701				(275	)		426
	Amortization of plan amendment		(149	)			58			(91	)
		$	557				(219	)		338
		Nine Months Ended September 30, 2012
	(Thousands of dollars)	Before				Tax			Net of
		Tax				(Expense)			Tax
		Amount				or Benefit			Amount
	Amortization of prior service costs	$	6				(2	)		4
	Amortization of actuarial losses		1,078				(423	)		655
	Amortization of plan amendment		(149	)			58			(91	)
		$	935				(367	)		568

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2013
Valuation of Stock Options and Restricted Stock Performance Units	'
	Assumptions for the valuation of 2013 stock options and restricted stock performance units consisted of the following:
		2013
	Expected term of options (in years)		6.27
	Weighted expected volatility		37.78		%
	Dividend yield		.58		%
	Risk-free interest rate – performance restricted shares		.60		%
	Risk-free interest rate – options		1.98		%
	Stock price as of valuation date	$	71.35
	Restricted performance share valuation	$	87.74
	Grant date fair value – stock options	$	26.20
Summary of Stock Options	'
	Stock Options – A summary of stock options as of September 30, 2013, and changes during the nine months then ended are presented below:
		Options	Shares					Weighted			Weighted		Aggregate
								Average			Average		Intrinsic
								Exercise			Remaining		Value
								Price			Contractual		$0
											Term (Years)
		Outstanding at January 1, 2013		125,920					$	54.92
		Granted		24,058						71.35
		Exercised		(17,728		)				42.30
		Forfeited		(543		)				60.10
		Outstanding at September 30, 2013		131,707					$	59.60		6.7		$	946
		Exercisable at September 30, 2013		67,877					$	53.85		5.1		$	783
Summary of Nonvested Restricted Stock	'
	Restricted Stock and Restricted Stock Units – A summary of nonvested restricted stock as of September 30, 2013, and changes during the nine months ended are presented below:
		Nonvested Restricted Stock	Shares				Weighted
							Average
							Grant-Date
							Fair Value
		Nonvested at January 1, 2013		76,352			$	52.09
		Granted		23,735				71.35
		Vested		(20,229	)			34.41
		Forfeited		(267	)			58.22
		Nonvested at September 30, 2013		79,591			$	62.31
Summary of Nonvested Restricted Stock Performance Units	'
	Performance Units – A summary of nonvested restricted stock performance units as of September 30, 2013, and changes during the nine months then ended are presented below:
		Nonvested Restricted Stock Performance Units	Shares				Weighted
							Average
							Grant-Date
							Fair Value
		Nonvested at January 1, 2013		50,393			$	68.30
		Granted		16,427				87.74
		Units not meeting vesting conditions		(13,892	)			43.48
		Forfeited		(303	)			77.57
		Nonvested at September 30, 2013		52,625			$	80.87

Fair_Value_Measurement_Tables

Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Measurements for the Financial Liabilities Accounted on a Recurring Basis

'

The fair value measurements for the Company’s financial liabilities accounted for at fair value on a recurring basis at September 30, 2013, are presented in the following table:

Fair Value Measurements at Reporting Date Using

September 30,

Quoted Prices in

Significant

Significant

2013

Active Markets

Observable

Unobservable

for Identical

Inputs

Inputs

Liabilities

Level 2

Level 3

Inputs

(Thousands of dollars)

Level 1

Liabilities

Nonqualified employee savings plan

$

1,221

1,221

–

–

Carrying Amounts and Estimated Fair Values of Financial Instruments

'

The following table presents the carrying amounts and estimated fair values of financial instruments at September 30, 2013 and 2012. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties. The table excludes financial instruments included in current assets and liabilities, except current maturities of long-term debt, all of which have fair values approximating carrying values.

September 30, 2013

September 30, 2012

(Thousands of dollars)

Carrying

Estimated

Carrying

Estimated

Amount

Fair Value

Amount

Fair Value

Financial liabilities

Long-term debt, including current liabilities

$

94,000

98,307

53,555

58,103

Earnings_per_Common_Share_Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2013
Computation of Earnings Per Share	'
	The amounts used in computing earnings per share and the effect on income and weighted average number of shares outstanding of dilutive potential common stock consisted of the following:
	(Thousands, except per share amounts)	Three Months Ended							Nine Months Ended
		September 30,							September 30,
		2013				2012				2013			2012
	Net earnings allocated to common stock	$		5,753			3,186				23,611			6,764
	Net earnings allocated to participating securities			60			32				244			67
	Net income allocated to common stock and participating securities	$		5,813			3,218				23,855			6,831
	Weighted average number of common shares used in basic EPS			12,571			12,533				12,572			12,521
	Effect of dilutive stock awards			48			33				56			39
	Weighted average number of common shares and dilutive potential common stock used in EPS assuming dilution			12,619			12,566				12,628			12,560
	Earnings per common share
	Basic	$		.46			.25				1.88			.54
	Assuming dilution	$		.46			.25				1.87			.54
Potentially Dilutive Securities Not Included in Computation of Diluted Earnings	'
	The following table provides information about potentially dilutive securities that were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive, or in the case of the restricted performance shares, did not meet the metrics established for awarding:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2013			2012				2013			2012
	Options		76,568			53,205				50,197			53,205
	Restricted performance shares		52,625			38,152				52,625			38,152

Supplemental_Cash_Flows_Disclo1

Supplemental Cash Flows Disclosures (Tables)	9 Months Ended
	Sep. 30, 2013
Interest and Income Taxes	'
	Additional information concerning cash flows is as follows:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Income taxes paid in cash	$	8,527			2,171
	Interest paid		2,072			1,894
	Interest capitalized		(27	)		(21	)
Non-cash Investing and Financing Activities	'
	Non-cash investing and financing activities excluded from the statement of cash flows include:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Issuance of restricted stock	$	935			1,393
	Land exchanges and capital expenditures accrued, not paid		1,174			126
	Fair value of Del-Tin Fiber net assets acquired		19,241			-
(Increases)/Decreases in Operating Working Capital, Other Than Cash and Cash Equivalents	'
	(Increases)/decreases in working capital, other than cash and cash equivalents, consisted of the following:
		Nine Months Ended
		September 30,
	(Thousands of dollars)	2013			2012
	Trade accounts receivable	$	(1,067	)		(1,252	)
	Other receivables		5			(48	)
	Inventories		(3,396	)		(1,084	)
	Prepaid expenses and other current assets		(680	)		740
	Trade accounts payable		2,996			2,561
	Accrued taxes other than income taxes		236			17
	Income taxes payable		990			342
	Deferred revenues and other accrued liabilities		2,148			2,603
		$	1,232			3,879

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2013
Business Segments	'
	Information about the Company’s business segments consisted of the following:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
	(Thousands of dollars)		2013		2012		2013		2012
	Net sales
	Woodlands	$	8,410		9,494		27,184		28,820
	Manufacturing		48,841		27,546		126,649		78,057
	Real Estate		2,710		3,187		8,867		8,425
	Eliminations1		(3,441	)	(3,728	)	(11,370	)	(11,059	)
		$	56,520		36,499		151,330		104,243
	Income before income taxes
	Operating income/(loss)
	Woodlands	$	3,977		4,734		13,482		14,202
	Manufacturing2		11,370		5,574		32,865		12,864
	Real Estate		(680	)	(644	)	(1,173	)	(1,712	)
	Corporate		(4,969	)	(4,887	)	(13,792	)	(12,886	)
	Eliminations		(99	)	327		(244	)	29
	Operating income		9,599		5,104		31,138		12,497
	Equity in earnings of Del-Tin Fiber2		-		510		1,084		602
	Interest income		4		7		12		13
	Interest and other debt expense, net of capitalized interest		(1,110	)	(1,003	)	(3,431	)	(3,074	)
	Gain on bargain purchase		-		-		3,285		-
	Other income/(loss)		22		(13	)	3,247		41
		$	8,515		4,605		35,335		10,079
	Depreciation, amortization, and cost of fee timber harvested
	Woodlands	$	1,400		1,272		3,899		3,841
	Manufacturing2		2,912		1,307		6,999		4,117
	Real Estate		86		94		258		284
	Corporate		23		25		71		79
		$	4,421		2,698		11,227		8,321
	Capital expenditures
	Woodlands	$	1,060		1,223		11,820		4,652
	Manufacturing2		3,185		611		12,517		2,394
	Real Estate		650		521		1,188		1,259
	Corporate		3		-		10		4
		$	4,898		2,355		25,535		8,309
	1 Primarily intersegment sales of timber from Woodlands to Manufacturing.
	2 Del-Tin Fiber became a consolidated subsidiary, reported in the Manufacturing segment, upon   acquisition of a controlling interest of its ownership effective April 1, 2013.

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Inventories	'	'
Supplies	$2,763	$322
Inventory	13,095	4,894
Logs	'	'
Inventories	'	'
Raw material	1,360	1,341
Del-Tin - wood fiber	'	'
Inventories	'	'
Raw material	578	'
Lumber	'	'
Inventories	'	'
Finished goods	4,012	3,231
Medium density fiberboard	'	'
Inventories	'	'
Finished goods	$4,382	'

Prepaid_Expenses_and_Other_Cur2

Prepaid Expenses and Other Current Assets (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Prepaid Expense And Other Assets Current [Abstract]	'	'
Short-term deferred tax assets	$2,121	$2,074
Prepaid expenses	1,277	88
Other current assets	473	646
Prepaid expenses and other current assets	$3,871	$2,808

Business_Combinations_Details

Business Combinations (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Business Acquisition [Line Items]	'
Gain on bargain purchase	$3,285,000
Del Tin Fiber	'
Business Acquisition [Line Items]	'
Accounts receivable	4,229,000
Inventories	4,805,000
Other current assets	360,000
Property, plant, and equipment	40,960,000
Intangible assets	1,700,000	[1]
Other assets	171,000
Current liabilities	-1,653,000
Deferred tax liabilities	-2,331,000
Long-term liabilities	-29,000,000
Net assets acquired	19,241,000
Cash paid	-5,170,000
Fair value of previously held investment in Del-Tin Fiber	-10,786,000
Gain on bargain purchase	$3,285,000
[1]	1The acquired intangible assets consist of internally developed software which is being amortized over three years

Business_Combinations_Details_

Business Combinations (Details 1) (Del Tin Fiber, USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Del Tin Fiber	'	'
Business Acquisition [Line Items]	'	'
Net sales	$168,895	$154,177
Net income	$20,104	$6,633
Basic net income per share	$1.60	$0.53
Diluted net income per share	$1.59	$0.53

Business_Combinations_Details_1

Business Combinations (Details Textual) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
	sqft	sqft
Business Acquisition [Line Items]	'	'
Gain on previously held equity interest	'	$3,165,000
Gain on bargain purchase	'	3,285,000
Del Tin Fiber	'	'
Business Acquisition [Line Items]	'	'
Percentage membership interest of Del-Tin Fiber LLC	50.00%	50.00%
Percentage of company owning	100.00%	100.00%
Annual production capacity	150,000,000	150,000,000
Total consideration	'	20,000,000
Cash payment	'	5,170,000
Long-term liabilities	29,000,000	29,000,000
Outstanding industrial bonds due	'	'2027
Business acquisition on company owned equity method investment	50.00%	50.00%
Gain on previously held equity interest	'	3,165,000
Fair value of previously held investment in Del-Tin Fiber	'	10,786,000
Business combination on over carrying value	7,621,000	7,621,000
Weight average cost of capital	15.00%	15.00%
Gain on bargain purchase	'	3,285,000
Net sales	17,156,000	34,593,000
Net income	$2,440,000	$3,911,000
Del Tin Fiber | Internally developed software	'	'
Business Acquisition [Line Items]	'	'
Acquired intangible assets useful life	'	'3 years

Timber_and_Timberlands_Details

Timber and Timberlands (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Property Plant And Equipment [Line Items]	'	'
Purchased stumpage inventory	$2,790	$902
Timberlands	102,687	99,159
Fee timber	253,501	246,105
Logging facilities	2,636	2,601
Gross	361,614	348,767
Less accumulated cost of fee timber harvested and facilities depreciation	-112,422	-108,873
Timber and timberlands – net	249,192	240,215
Strategic timber and timberlands	'	'
Property Plant And Equipment [Line Items]	'	'
Timber and timberlands – net	249,192	239,894
Non-strategic timber and timberlands	'	'
Property Plant And Equipment [Line Items]	'	'
Timber and timberlands – net	'	$321

Timber_and_Timberlands_Details1

Timber and Timberlands (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2008
					acre
Property Plant And Equipment [Line Items]	'	'	'	'	'
Acres of non- strategic timberlands	'	'	'	'	10,000
Gains from sale of non-strategic timberlands	$190,000	$305,000	$1,548,000	$942,000	'

Property_Plant_and_Equipment_D

Property, Plant, and Equipment (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Property Plant And Equipment [Line Items]	'	'
Property, plant, and equipment, gross	$174,406	$120,531
Less accumulated depreciation	-99,886	-93,863
Property, plant, and equipment, net	74,520	26,668
Land	'	'
Property Plant And Equipment [Line Items]	'	'
Property, plant, and equipment, gross	947	357
Land improvements	'	'
Property Plant And Equipment [Line Items]	'	'
Property, plant, and equipment, gross	8,312	6,322
Buildings and structures	'	'
Property Plant And Equipment [Line Items]	'	'
Property, plant, and equipment, gross	22,578	13,985
Machinery and equipment	'	'
Property Plant And Equipment [Line Items]	'	'
Property, plant, and equipment, gross	$142,569	$99,867

Deferred_Revenues_and_Other_Ac2

Deferred Revenues and Other Accrued Liabilities (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Deferred Revenues and Other Accrued Liabilities	'	'
Deferred revenues – current	$4,538	$3,794
Dividend payable	1,268	'
Vacation accrual	1,338	971
Deferred compensation	3,116	2,720
All other current liabilities	2,388	1,609
Deferred revenues and other accrued liabilities	$12,648	$9,094

Other_Noncurrent_Liabilities_D

Other Noncurrent Liabilities (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Disclosure Other Noncurrent Liabilities Details [Line Items]	'	'
Accumulated postretirement benefit obligation	$12,655	$12,132
Excess retirement plan	9,135	9,063
Accrued pension liability	17,262	17,254
Deferred revenue – long-term portion	913	2,064
Uncertain tax positions liability	1,185	1,325
Other noncurrent liabilities	2,361	2,644
Other noncurrent liabilities, net	$43,511	$44,482

Credit_Facilities_and_Debt_Det

Credit Facilities and Debt (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011
Arkansas Taxable Industrial Revenue Bonds	'	'	'
Arkansas Taxable Industrial Revenue Bonds (Textual) [Abstract]	'	'	'
Interest, frequency of payments	'Interest is due on the first business day of the month, and all unpaid interest and all principal is due on October 1, 2027	'	'
Average interest rate on bonds	'	0.70%	0.87%
Unpaid interest and principal due date	1-Oct-27	'	'
Long-term liabilities	$29,000,000	'	'
Sun Trust Bank | Revolving Credit Facility	'	'	'
Credit Facilities (Textual) [Abstract]	'	'	'
Credit facility expiry date	1-May-18	'	'
Amendment fees incurred	765,000	'	'
Remaining unamortized prior costs	617,000	'	'
Sun Trust Bank | Minimum | Revolving Credit Facility	'	'	'
Credit Facilities (Textual) [Abstract]	'	'	'
Amount available on credit facility	297,500,000	'	'
Sun Trust Bank | Maximum | Revolving Credit Facility	'	'	'
Credit Facilities (Textual) [Abstract]	'	'	'
Maximum amount available on credit facility	$340,000,000	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Income Taxes Textual [Abstract]	'	'
Company's effective income tax rate	32.00%	32.00%
Interest expense	'	$76,000
Deferred revenues other accrued liabilities for interest and penalties	558,000	558,000
Unrecognized tax benefits	$776,000	$776,000

Employee_and_Retiree_Benefit_P2

Employee and Retiree Benefit Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Funded qualified retirement plan	'	'	'	'
Retirement expense and other postretirement benefits expense	'	'	'	'
Service cost	$388	$408	$1,162	$1,223
Interest cost	389	405	1,167	1,216
Expected return on plan assets	-474	-423	-1,420	-1,269
Amortization of prior service cost	4	5	13	14
Recognized actuarial loss	213	245	639	736
Net retirement expense	520	640	1,561	1,920
Unfunded nonqualified retirement plan	'	'	'	'
Retirement expense and other postretirement benefits expense	'	'	'	'
Service cost	35	91	107	273
Interest cost	48	89	144	266
Amortization of prior service cost	-2	-3	-8	-8
Recognized actuarial loss	18	95	56	287
Net retirement expense	99	272	299	818
Other postretirement benefits	'	'	'	'
Retirement expense and other postretirement benefits expense	'	'	'	'
Service cost	113	114	338	341
Interest cost	107	116	323	350
Recognized actuarial loss	2	19	6	55
Amortization of plan amendment	-50	-50	-149	-149
Net retirement expense	$172	$199	$518	$597

Employee_and_Retiree_Benefit_P3

Employee and Retiree Benefit Plans (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013
Disclosure Employee And Retiree Benefit Plans Details Textual [Line Items]	'
Contributions to its qualified plan	$900,000
Percentage of expected long-term rate of return on pension plan	7.50%

Other_Comprehensive_Income_Dis2

Other Comprehensive Income Disclosures (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Changes in Accumulated Other Comprehensive Income/(Loss) by Component (Net of Tax)	'	'
Beginning Balance, January 1	($14,103)	($9,729)
Amounts reclassified from AOCL	338	568
Net current period other comprehensive income	338	568
Ending Balance, September 30	-13,765	-9,161
Defined Benefit Funded Retirement Plan	'	'
Changes in Accumulated Other Comprehensive Income/(Loss) by Component (Net of Tax)	'	'
Beginning Balance, January 1	-9,552	-8,124
Amounts reclassified from AOCL	396	456
Net current period other comprehensive income	396	456
Ending Balance, September 30	-9,156	-7,668
Defined Benefit Unfunded Retirement Plan	'	'
Changes in Accumulated Other Comprehensive Income/(Loss) by Component (Net of Tax)	'	'
Beginning Balance, January 1	-3,380	-855
Amounts reclassified from AOCL	29	169
Net current period other comprehensive income	29	169
Ending Balance, September 30	-3,351	-686
Post Retirement Benefit Plan	'	'
Changes in Accumulated Other Comprehensive Income/(Loss) by Component (Net of Tax)	'	'
Beginning Balance, January 1	-1,171	-750
Amounts reclassified from AOCL	-87	-57
Net current period other comprehensive income	-87	-57
Ending Balance, September 30	($1,258)	($807)

Other_Comprehensive_Income_Dis3

Other Comprehensive Income Disclosures (Details 1) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Reclassification Out of Accumulated Other Comprehensive Income/(Loss)	'	'
Amortization of prior service costs	$5	$6
Amortization of actuarial losses	701	1,078
Amortization of plan amendment	-149	-149
Total before tax	557	935
Income tax benefit/(expense)	-219	-367
Total reclassifications – net of tax	338	568
Defined Benefit Funded Retirement Plan	'	'
Reclassification Out of Accumulated Other Comprehensive Income/(Loss)	'	'
Amortization of prior service costs	13	14
Amortization of actuarial losses	639	736
Total before tax	652	750
Income tax benefit/(expense)	-256	-294
Total reclassifications – net of tax	396	456
Defined Benefit Unfunded Retirement Plan	'	'
Reclassification Out of Accumulated Other Comprehensive Income/(Loss)	'	'
Amortization of prior service costs	-8	-8
Amortization of actuarial losses	56	287
Total before tax	48	279
Income tax benefit/(expense)	-19	-110
Total reclassifications – net of tax	29	169
Post Retirement Benefit Plan	'	'
Reclassification Out of Accumulated Other Comprehensive Income/(Loss)	'	'
Amortization of actuarial losses	6	55
Amortization of plan amendment	-149	-149
Total before tax	-143	-94
Income tax benefit/(expense)	56	37
Total reclassifications – net of tax	($87)	($57)

Other_Comprehensive_Income_Dis4

Other Comprehensive Income Disclosures (Details 2) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012
Tax Effects by Component	'		'
Amortization of prior service costs, Before Tax Amount	$5		$6
Amortization of actuarial losses, Before Tax Amount	701		1,078
Amortization of plan amendment, Before tax amount	-149		-149
Total before tax	557		935
Amortization of prior service costs, Tax (Expenses) or benefits	-2		-2
Amortization of actuarial losses, Tax (Expenses) or benefits	-275		-423
Amortization of plan amendment, Tax (Expenses) or benefits	58		58
Total Tax (Expenses) or benefits	-219		-367
Amortization of prior service cost	3	[1]	4	[1]
Amortization of actuarial loss	426	[1]	655	[1]
Amortization of plan amendment, Net of Tax Amount	-91	[1]	-91	[1]
Total reclassifications - net of tax	$338		$568
[1]	The amortizations out of comprehensive income for 2012 have been revised to conform to the 2013 presentation.

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Expected term of options (in years)	'6 years 3 months 7 days
Weighted expected volatility	37.78%
Dividend yield	0.58%
Risk-free interest rate – performance restricted shares	0.60%
Risk-free interest rate – options	1.98%
Stock price as of valuation date	$71.35
Grant date fair value – stock options	$26.20
Performance Shares	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Restricted performance share valuation	$87.74

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 1) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Outstanding Shares, beginning balance	125,920
Shares, Granted	24,058
Shares, Exercised	-17,728
Shares, Forfeited/expired	-543
Outstanding Shares, ending balance	131,707
Shares, Exercisable	67,877
Outstanding Weighted Average Exercise Price, beginning	$54.92
Weighted Average Exercise Price, Granted	$71.35
Weighted Average Exercise Price, Exercised	$42.30
Weighted Average Exercise Price, Forfeited/expired	$60.10
Outstanding Weighted Average Exercise Price, ending	$59.60
Outstanding Weighted Average Exercise Price, Exercisable	$53.85
Outstanding Weighted Average Remaining Contractual Term(Years), Ending	'6 years 8 months 12 days
Weighted Average Remaining Contractual Term, Exercisable	'5 years 1 month 6 days
Outstanding Aggregate Intrinsic Value, Ending	$946
Aggregate Intrinsic Values, Exercisable	$783

StockBased_Compensation_Detail2

Stock-Based Compensation (Details 2) (Restricted Stock, USD $)	9 Months Ended
	Sep. 30, 2013
Restricted Stock	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'
Shares Nonvested, Beginning Balance	76,352
Shares Nonvested, Granted	23,735
Shares Nonvested, Vested	-20,229
Shares Nonvested, Forfeited	-267
Shares Nonvested, Ending Balance	79,591
Weighted Average Grant-Date Fair Value Nonvested, Beginning Balance	$52.09
Weighted Average Grant-Date Fair Value Nonvested, Granted	$71.35
Weighted Average Grant-Date Fair Value Nonvested, Vested	$34.41
Weighted Average Grant-Date Fair Value Nonvested, Forfeited	$58.22
Weighted Average Grant-Date Fair Value Nonvested, Ending Balance	$62.31

StockBased_Compensation_Detail3

Stock-Based Compensation (Details 3) (Performance Shares, USD $)	9 Months Ended
	Sep. 30, 2013
Performance Shares	'
Weighted Average Grant-Date Fair Value	'
Shares Nonvested, Beginning Balance	50,393
Shares Nonvested, Granted	16,427
Shares Nonvested, Units not meeting vesting conditions	-13,892
Shares Nonvested, Forfeited	-303
Shares Nonvested, Ending Balance	52,625
Weighted Average Grant-Date Fair Value	'
Weighted Average Grant-Date Fair Value Nonvested, Beginning Balance	$68.30
Weighted Average Grant-Date Fair Value Nonvested, Granted	$87.74
Weighted Average Grant-Date Fair Value Nonvested, Units not meeting vesting conditions	$43.48
Weighted Average Grant-Date Fair Value Nonvested, Forfeited	$77.57
Weighted Average Grant-Date Fair Value Nonvested, Ending Balance	$80.87

StockBased_Compensation_Detail4

Stock-Based Compensation (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'	'	'	'
Stock Based Compensation Expense	$711,000	$581,000	$2,086,000	$1,716,000
Stock Options	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'	'	'	'
Unrecognized compensation cost related to nonvested stock	1,139,000	'	1,139,000	'
Cost recognized over a weighted-average period	'	'	'1 year 8 months 12 days	'
Restricted Stock	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'	'	'	'
Unrecognized compensation cost related to nonvested stock	2,608,000	'	2,608,000	'
Cost recognized over a weighted-average period	'	'	'1 year 10 months 24 days	'
Performance Shares	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]	'	'	'	'
Unrecognized compensation cost related to nonvested stock	$2,238,000	'	$2,238,000	'
Cost recognized over a weighted-average period	'	'	'1 year 10 months 24 days	'

Gain_on_Involuntary_Conversion1

Gain on Involuntary Conversion (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013
Gain on involuntary conversion [Abstract]	'
Proceeds from insurance settlement	$881,000

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Liabilities	'
Nonqualified employee savings plan	$1,221
Quoted Prices in Active Markets for Identical Liabilities Inputs Level 1	'
Liabilities	'
Nonqualified employee savings plan	$1,221

Fair_Value_Measurement_Details1

Fair Value Measurement (Details 1) (USD $)	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified
Financial liabilities	'	'
Long-term debt, including current liabilities, Carrying Amount	$94,000	$53,555
Long-term debt, including current liabilities, Estimated Fair Value	$98,307	$58,103

Earnings_Per_Common_Share_Deta

Earnings Per Common Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Computation of Earnings per share	'	'	'	'
Net earnings allocated to common stock	$5,753	$3,186	$23,611	$6,764
Net earnings allocated to participating securities	60	32	244	67
Net income	$5,813	$3,218	$23,855	$6,831
Weighted average number of common shares used in basic EPS	12,571	12,533	12,572	12,521
Effect of dilutive stock awards	48	33	56	39
Weighted average number of common shares and dilutive potential common stock used in EPS assuming dilution	12,619	12,566	12,628	12,560
Earnings per common share	'	'	'	'
Basic	$0.46	$0.25	$1.88	$0.54
Assuming dilution	$0.46	$0.25	$1.87	$0.54

Earnings_Per_Common_Share_Deta1

Earnings Per Common Share (Details 1)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock Options	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'	'	'
Anti-dilutive shares outstanding not included in the computation of diluted earnings per share	76,568	53,205	50,197	53,205
Restricted Performance Shares	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]	'	'	'	'
Anti-dilutive shares outstanding not included in the computation of diluted earnings per share	52,625	38,152	52,625	38,152

Supplemental_Cash_Flow_Disclos

Supplemental Cash Flow Disclosures (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Interest and Income Taxes	'	'
Income taxes paid in cash	$8,527	$2,171
Interest paid	2,072	1,894
Interest capitalized	($27)	($21)

Supplemental_Cash_Flow_Disclos1

Supplemental Cash Flow Disclosures (Details 1) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Non-cash Investing and Financing Activities	'	'
Issuance of restricted stock	$935	$1,393
Land exchanges and capital expenditures accrued, not paid	1,174	126
Fair value of Del-Tin Fiber net assets acquired	$19,241	'

Supplemental_Cash_Flow_Disclos2

Supplemental Cash Flow Disclosures (Details 2) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
(Increases)/Decreases in Operating Working Capital, Other Than Cash and Cash Equivalents	'	'
Trade accounts receivable	($1,067)	($1,252)
Other receivables	5	-48
Inventories	-3,396	-1,084
Prepaid expenses and other current assets	-680	740
Trade accounts payable	2,996	2,561
Accrued taxes other than income taxes	236	17
Income taxes payable	990	342
Deferred revenues and other accrued liabilities	2,148	2,603
(Increases)/decreases in operating working capital other than cash and cash equivalents	$1,232	$3,879

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012
Net sales	'		'		'		'
Net sales	$56,520		$36,499		$151,330		$104,243
Operating income/(loss)	'		'		'		'
Operating income	9,599		5,104		31,138		12,497
Equity in earnings of Del-Tin Fiber	'		510	[1]	1,084	[1]	602	[1]
Interest income	4		7		12		13
Interest and other debt expense, net of capitalized interest	-1,110		-1,003		-3,431		-3,074
Gain on bargain purchase	'		'		3,285		'
Other income/(loss)	22		-13		3,247		41
Income before income taxes	8,515		4,605		35,335		10,079
Depreciation, amortization, and cost of fee timber harvested	'		'		'		'
Depreciation, amortization, and cost of fee timber harvested	4,421		2,698		11,227		8,321
Capital expenditures	'		'		'		'
Capital expenditures	4,898		2,355		25,535		8,309
Operating Segments | Woodlands	'		'		'		'
Net sales	'		'		'		'
Net sales	8,410		9,494		27,184		28,820
Operating income/(loss)	'		'		'		'
Operating income	3,977		4,734		13,482		14,202
Depreciation, amortization, and cost of fee timber harvested	'		'		'		'
Depreciation, amortization, and cost of fee timber harvested	1,400		1,272		3,899		3,841
Capital expenditures	'		'		'		'
Capital expenditures	1,060		1,223		11,820		4,652
Operating Segments | Manufacturing	'		'		'		'
Net sales	'		'		'		'
Net sales	48,841		27,546		126,649		78,057
Operating income/(loss)	'		'		'		'
Operating income	11,370	[1]	5,574	[1]	32,865	[1]	12,864	[1]
Depreciation, amortization, and cost of fee timber harvested	'		'		'		'
Depreciation, amortization, and cost of fee timber harvested	2,912	[1]	1,307	[1]	6,999	[1]	4,117	[1]
Capital expenditures	'		'		'		'
Capital expenditures	3,185	[1]	611	[1]	12,517	[1]	2,394	[1]
Operating Segments | Real Estate	'		'		'		'
Net sales	'		'		'		'
Net sales	2,710		3,187		8,867		8,425
Operating income/(loss)	'		'		'		'
Operating income	-680		-644		-1,173		-1,712
Depreciation, amortization, and cost of fee timber harvested	'		'		'		'
Depreciation, amortization, and cost of fee timber harvested	86		94		258		284
Capital expenditures	'		'		'		'
Capital expenditures	650		521		1,188		1,259
Operating Segments | Corporate	'		'		'		'
Operating income/(loss)	'		'		'		'
Operating income	-4,969		-4,887		-13,792		-12,886
Depreciation, amortization, and cost of fee timber harvested	'		'		'		'
Depreciation, amortization, and cost of fee timber harvested	23		25		71		79
Capital expenditures	'		'		'		'
Capital expenditures	3		'		10		4
Intersegment Eliminations	'		'		'		'
Net sales	'		'		'		'
Net sales	-3,441	[2]	-3,728	[2]	-11,370	[2]	-11,059	[2]
Operating income/(loss)	'		'		'		'
Operating income	($99)		$327		($244)		$29
[1]	Del-Tin Fiber became a consolidated subsidiary, reported in the Manufacturing segment, upon acquisition of a controlling interest of its ownership effective April 1, 2013
[2]	Primarily intersegment sales of timber from Woodlands to Manufacturing