PotlatchDeltic (PCH) 10-Q 21 Oct 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 20, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'POTLATCH CORP	'
Entity Central Index Key	'0001338749	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	40,596,268
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	$177,215	$157,869	$460,713	$430,334
Costs and expenses:	'	'	'	'
Cost of goods sold	121,574	112,499	322,016	302,702
Selling, general and administrative expenses	10,772	13,444	32,794	37,157
Environmental remediation charge	0	1,022	0	3,522
Total costs and expenses	132,346	126,965	354,810	343,381
Operating income	44,869	30,904	105,903	86,953
Interest expense, net	-5,506	-5,556	-16,475	-17,559
Income before income taxes	39,363	25,348	89,428	69,394
Income taxes	-6,209	-3,157	-19,654	-12,534
Net income	$33,154	$22,191	$69,774	$56,860
Net income per share:	'	'	'	'
Basic (in dollars per share)	$0.81	$0.55	$1.71	$1.40
Diluted (in dollars per share)	$0.81	$0.54	$1.71	$1.40
Distributions per share (in dollars per share)	$0.35	$0.31	$1.05	$0.93
Weighted average shares outstanding (in thousands):	'	'	'	'
Basic (in shares)	40,744,667	40,530,393	40,732,704	40,492,901
Diluted (in shares)	40,889,280	40,720,058	40,860,978	40,686,166

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Net income	$33,154		$22,191		$69,774		$56,860
Other comprehensive income, net of tax:	'		'		'		'
Amortization of prior service credit included in net periodic cost, net of tax of $(867) and $(870), $(2,601)and $(2,611)	-1,357	[1]	-1,362	[1]	-4,069	[1]	-4,085	[1]
Amortization of actuarial loss included in net periodic cost, net of tax of $1,621 and $2,255, $4,866 and $6,768	2,538	[1]	3,529	[1]	7,612	[1]	10,586	[1]
Other comprehensive income, net of tax	1,181	[1]	2,167	[1]	3,543	[1]	6,501	[1]
Comprehensive income	$34,335		$24,358		$73,317	[1]	$63,361
[1]	(1) Amortization of prior service credit (cost) and amortization of actuarial loss are included in the computation of net periodic cost.

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Parentheticals) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amortization of prior service credit included in net periodic cost, tax effect	($867)	($870)	($2,601)	($2,611)
Amortization of actuarial loss included in net periodic cost, tax effect	$1,621	$2,255	$4,866	$6,768

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$8,299	$5,586
Short-term investments	65,044	52,251
Receivables, net	23,563	16,572
Inventories	30,728	36,275
Deferred tax assets	7,724	7,724
Other assets	8,769	11,961
Total current assets	144,127	130,369
Property, plant and equipment, net	63,788	59,976
Timber and timberlands, net	449,423	455,871
Deferred tax assets	15,383	21,576
Noncurrent investments	29,394	3,144
Other assets	9,063	9,594
Total assets	711,178	680,530
Current liabilities:	'	'
Current installments on long-term debt	0	0
Accounts payable and accrued liabilities	59,977	50,318
Total current liabilities	59,977	50,318
Long-term debt	319,749	320,092
Liability for pension and other postretirement employee benefits	70,130	83,619
Other long-term obligations	15,558	22,353
Stockholders’ equity	245,764	204,148
Total liabilities and stockholders' equity	711,178	680,530
Shares outstanding (in thousands)	40,596	40,537
Working capital	$84,150	$80,051
Current ratio	2.4	2.6

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$69,774	$56,860
Adjustments to reconcile net income to net cash from operating activities:	'	'
Depreciation, depletion and amortization	19,326	20,071
Basis of real estate sold	7,289	1,945
Change in deferred taxes	1,127	-1,870
Employee benefit plans	616	5,182
Employee equity-based compensation expense	3,058	3,271
Other, net	-1,805	-22
Funding of qualified pension plans	-3,550	0
Working capital and operating related activities	11,829	-10,370
Net cash from operating activities	107,664	75,067
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Change in short-term investments	12,793	-6,272
Transfer to company owned life insurance (COLI)	-25,476	0
Property, plant and equipment	-9,174	-7,924
Timberlands reforestation and timberland roads	-7,840	-9,011
Acquisition of timber and timberlands	-3,143	0
Other, net	1,126	-901
Net cash from investing activities	-57,300	-11,564
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Distributions to common stockholders	-42,621	-37,680
Repayment of long-term debt	0	-36,663
Exercises of stock options	128	1,798
Deferred financing costs	-957	-25
Employee tax withholdings on equity-based compensation	-1,092	-1,757
Change in book overdrafts	-2,919	19
Other, net	-190	-186
Net cash from financing activities	-47,651	-74,494
Change in cash	2,713	-10,991
Cash at beginning of period	5,586	16,985
Cash at end of period	8,299	5,994
Cash paid during the period for:	'	'
Interest, net of amount capitalized	11,164	12,463
Income taxes, net	$12,192	$15,658

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	BASIS OF PRESENTATION
	For purposes of this report, any reference to “Potlatch,” “the company,” “we,” “us,” and “our” means Potlatch Corporation and all of its wholly owned subsidiaries, except where the context indicates otherwise.
	The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission pertaining to interim financial statements; certain disclosures normally provided in accordance with generally accepted accounting principles in the United States have been omitted. This Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange Commission on February 14, 2014. We believe that all adjustments necessary for a fair statement of the results of such interim periods have been included.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Recent Accounting Pronouncements	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. This update was issued as Accounting Standards Codification Topic 606. The core principle of this amendment is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, with earlier adoption not permitted. The guidance permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. The adoption of this guidance is not expected to have a significant effect on our consolidated financial statements.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	INCOME TAXES
	As a real estate investment trust (REIT), we generally are not subject to federal and state corporate income taxes on income of the REIT that we distribute to our shareholders. We are, however, subject to corporate taxes on built-in gains (the excess of fair market value over tax basis on January 1, 2006) on sales of real property held by the REIT during the first ten years following the REIT conversion. The sale of standing timber is not subject to built-in gains tax. The Small Business Jobs Act of 2010 modified the built-in gains provisions to exempt sales of real properties in 2011, if five years of the recognition period had elapsed before January 1, 2011. The American Taxpayer Relief Act of 2012 extended the reduced five-year holding period for sales occurring in 2012 and 2013. Accordingly, the built-in gains tax did not apply to sales of real property that occurred in 2011, 2012 and 2013.
	We conduct certain activities through our taxable REIT subsidiaries (TRS), which are subject to corporate level federal and state income taxes. These activities are principally comprised of our wood products manufacturing operations and certain real estate investments. Income taxes for all periods presented in this Quarterly Report on Form 10-Q were primarily due to income of the TRS.

Earnings_per_Share

Earnings per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share, Basic, Other Disclosures [Abstract]	'
Earnings per Share	'
	EARNINGS PER SHARE
	The following table reconciles the number of shares used in calculating the basic and diluted earnings per share for the quarters and nine months ended September 30:
		Quarter Ended				Nine Months Ended
		September 30,				September 30,
	(Dollars in thousands, except per-share amounts)	2014		2013		2014		2013
	Net income	$	33,154	$	22,191	$	69,774	$	56,860
	Basic weighted average shares outstanding	40,744,667		40,530,393		40,732,704		40,492,901
	Incremental shares due to:
	Performance shares	114,579		115,310		98,877		121,483
	Restricted stock units	27,816		68,256		27,416		64,979
	Stock options	2,218		6,099		1,981		6,803
	Diluted weighted average shares outstanding	40,889,280		40,720,058		40,860,978		40,686,166
	Basic net income per share	$	0.81	$	0.55	$	1.71	$	1.4
	Diluted net income per share	$	0.81	$	0.54	$	1.71	$	1.4
	Antidilutive shares excluded from the calculation:
	Performance shares	—		18,295		—		10,068
	Restricted stock units	—		—		—		—
	Total antidilutive shares excluded from the calculation	—		18,295		—		10,068

EquityBased_Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2014
Share-based Compensation [Abstract]	'
Equity-Based Compensation	'
	EQUITY-BASED COMPENSATION
	As of September 30, 2014, we had three stock incentive plans under which performance share grants, restricted stock unit (RSU) grants and stock options were outstanding, with approximately 1,082,692 shares authorized for future use under the 2014 Long-Term Incentive Plan.
	On May 8, 2014, our board approved changes to our director compensation program. This amendment states that upon a director's separation from the company, all deferred awards will be settled in company stock and no longer settled in cash. This resulted in a reclassification of the related $4.3 million liability to stockholders' equity.
	As of September 30, 2014, there were 113,148 shares that will be distributed to directors in the future.
	The following table details our equity-based compensation expense and director deferred compensation expense for the quarters and nine months ended September 30:
		Quarter Ended								Nine Months Ended
		September 30,								September 30,
	(Dollars in thousands)	2014				2013				2014		2013
	Employee equity-based compensation expense:
	Performance shares	$	882			$	959			$	2,577	$	2,708
	Restricted stock units	144				211				481		563
	Total employee equity-based compensation expense	$	1,026			$	1,170			$	3,058	$	3,271
	Total tax benefit recognized	$	62			$	—			$	217	$	71
	Director deferred compensation expense	$	111			$	25			$	125	$	375
	PERFORMANCE SHARES
	The following table presents the key inputs used in the Monte Carlo simulation method to calculate the fair value of the performance share awards in 2014 and 2013, and the resulting fair values:
		2014				2013
	Shares granted	87,441				83,111
	Stock price as of valuation date	$	39.76			$	45.31
	Risk-free rate	0.72		%		0.4		%
	Fair value of a performance share	$	45.57			$	62.78
	The following table summarizes outstanding performance share awards as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except grant date fair value)	Shares			Weighted Avg.				Aggregate
					Grant Date				Intrinsic Value
					Fair Value
	Unvested shares outstanding at January 1	155,814			$	48.73
	Granted	87,441			45.57
	Forfeited	(6,080	)		50.26
	Unvested shares outstanding at September 30	237,175			47.53				$	9,537
	As of September 30, 2014, there was $5.1 million of unrecognized compensation cost related to unvested performance share awards, which is expected to be recognized over a weighted average period of 1.3 years.
	RESTRICTED STOCK UNITS
	The following table summarizes outstanding RSU awards as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except grant date fair value)	Shares			Weighted Avg.				Aggregate
					Grant Date				Intrinsic Value
					Fair Value
	Unvested shares outstanding at January 1	37,461			$	38.69
	Granted	15,849			39.85
	Vested	(6,050	)		42.09
	Forfeited	(2,025	)		40.95
	Unvested shares outstanding at September 30	45,235			38.54				$	1,819
	The fair value of each RSU equaled our common share price on the date of grant. The total fair value of RSU awards vested during the nine months ended September 30, 2014 was $0.3 million. As of September 30, 2014, there was $1.0 million of total unrecognized compensation cost related to unvested RSU awards, which is expected to be recognized over a weighted average period of 1.3 years.
	STOCK OPTIONS
	The following table summarizes outstanding stock options as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except exercise prices)	Shares			Weighted Avg.				Aggregate
					Exercise Price				Intrinsic Value
	Outstanding at January 1	12,859			$	30.92
	Shares exercised	(4,286	)		30.92
	Shares canceled or expired	—			—
	Outstanding and exercisable at September 30	8,573			30.92				$	80
	The following table summarizes outstanding stock options as of September 30, 2014:
		Options Outstanding and Exercisable
	Exercise Price	Outstanding			Weighted Avg.
					Remaining
					Contractual Life
	$30.92	8,573			0.17 years

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	INVENTORIES
	The following table details the composition of our inventories:
	(Dollars in thousands)	September 30,		December 31, 2013
		2014
	Inventories:
	Lumber and other manufactured wood products	$	17,416	$	15,967
	Logs	7,292		14,975
	Materials and supplies	6,020		5,333
		$	30,728	$	36,275

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	DEBT
	Unsecured Credit Agreement
	On August 12, 2014, we entered into a new amended and restated credit agreement with an expiration date of February 12, 2020, which supersedes our previous credit agreement dated as of December 11, 2012. This new credit agreement provides for a revolving line of credit with an initial aggregate principal amount not to exceed $250 million, which may be increased by up to an additional $250 million of principal amount. It also includes a sublimit of $40 million for the issuance of standby letters of credit and a sublimit of $25 million for swing line loans.
	As of September 30, 2014, there were no borrowings outstanding under our revolving line of credit, and approximately $1.4 million of the letter of credit subfacility was being used to support several outstanding letters of credit. Available borrowing capacity at September 30, 2014 was $248.6 million.

Pension_and_Other_Postretireme

Pension and Other Postretirement Employee Benefits	9 Months Ended
	Sep. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
Pension and Other Postretirement Employee Benefits	'
	PENSION AND OTHER POSTRETIREMENT EMPLOYEE BENEFITS
	The following tables detail the components of net periodic cost (benefit) of our pension plans and other postretirement employee benefits (OPEB) for the quarters and nine months ended September 30:
		Quarters Ended September 30,
		Pension						OPEB
	(Dollars in thousands)	2014			2013			2014			2013
	Service cost	$	1,270		$	1,329		$	7		$	24
	Interest cost	4,796			4,457			435			453
	Expected return on plan assets	(6,128		)	(6,523		)	—			—
	Amortization of prior service cost (credit)	187			195			(2,411		)	(2,427		)
	Amortization of actuarial loss	3,613			4,982			546			802
	Net periodic cost (benefit)	$	3,738		$	4,440		$	(1,423	)	$	(1,148	)
		Nine Months Ended September 30,
		Pension						OPEB
	(Dollars in thousands)	2014			2013			2014			2013
	Service cost	$	3,810		$	3,988		$	19		$	70
	Interest cost	14,388			13,369			1,306			1,358
	Expected return on plan assets	(18,384		)	(19,569		)	—			—
	Amortization of prior service cost (credit)	561			585			(7,231		)	(7,281		)
	Amortization of actuarial loss	10,839			14,947			1,639			2,407
	Net periodic cost (benefit)	$	11,214		$	13,320		$	(4,267	)	$	(3,446	)
	During the nine months ended September 30, 2014, we made qualified pension plan contributions of $3.6 million and non-qualified supplemental pension payments of $1.3 million.
	The following tables detail the changes in accumulated other comprehensive loss (AOCL) by component for the quarters and nine months ended September 30:
		Quarter Ended September 30, 2014
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at July 1							$	96,358
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(114	)	$	1,471		1,357
	Actuarial loss	(2,204		)	(334		)	(2,538		)
	Total reclassification for the period	$	(2,318	)	$	1,137		(1,181		)
	AOCL at September 30							$	95,177
		Quarter Ended September 30, 2013
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at July 1							$	136,564
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(119	)	$	1,481		1,362
	Actuarial loss	(3,040		)	(489		)	(3,529		)
	Total reclassification for the period	$	(3,159	)	$	992		(2,167		)
	AOCL at September 30							$	134,397
		Nine Months Ended September 30, 2014
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at January 1							$	98,720
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(342	)	$	4,411		4,069
	Actuarial loss	(6,612		)	(1,000		)	(7,612		)
	Total reclassification for the period	$	(6,954	)	$	3,411		(3,543		)
	AOCL at September 30							$	95,177
		Nine Months Ended September 30, 2013
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at January 1							$	140,898
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(357	)	$	4,442		4,085
	Actuarial loss	(9,118		)	(1,468		)	(10,586		)
	Total reclassification for the period	$	(9,475	)	$	2,974		(6,501		)
	AOCL at September 30							$	134,397
	(1) Amortization of prior service credit (cost) and amortization of actuarial loss are included in the computation of net periodic cost.

Financial_Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2014
Derivative Instrument Detail [Abstract]	'
Financial Instruments	'
	FINANCIAL INSTRUMENTS
	The following table presents the estimated fair values of our financial instruments:
		September 30, 2014								December 31, 2013
	(Dollars in thousands)	Carrying				Fair				Carrying				Fair
		Amount				Value				Amount				Value
	Cash and short-term investments (Level 1)	$	73,343			$	73,343			$	57,837			$	57,837
	Derivative asset related to interest rate swaps (Level 2)	1,271				1,271				1,830				1,830
	Long-term debt, including fair value adjustments related to fair value hedges (Level 2)	319,749				349,682				320,092				347,869
	FAIR VALUE HEDGES OF INTEREST RATE RISK
	The following table presents the gross fair values of derivative instruments on our Consolidated Condensed Balance Sheets as of the balance sheet dates:
	(Dollars in thousands)	Balance Sheet Location		September 30,				December 31,
				2014				2013
	Derivatives designated as hedging instruments:
	Interest rate contracts	Other assets		$	1,271			$	1,830
	Total derivatives designated as hedging instruments			$	1,271			$	1,830
	The following table details the effect of derivatives on the Consolidated Statements of Income for the quarters and nine months ended September 30:
		Location of Gain Recognized in Income		Gain Recognized in Income
				Quarters Ended								Nine Months Ended
				September 30,								September 30,
	(Dollars in thousands)			2014				2013				2014				2013
	Derivatives designated in fair value hedging relationships:
	Realized gain on interest rate contract(1)	Interest expense		$	239			$	235			$	740			$	722
	Net gain recognized in income from fair value hedges			$	239			$	235			$	740			$	722
	(1)	Realized gain on hedging instrument consists of net cash settlements and interest accruals on the interest rate swaps during the periods.
	No net unrealized gain or loss associated with the interest rate swaps was recognized in income for any of the periods presented because we recognized no hedge ineffectiveness.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	COMMITMENTS AND CONTINGENCIES
	There have been no material changes to our commitments and contingencies as reported in "Note 15: Commitments and Contingencies" in the Notes to Consolidated Financial Statements in our 2013 Annual Report on Form 10-K.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Reporting Information, Additional Information [Abstract]	'
Segment Information	'
	SEGMENT INFORMATION
	The following table summarizes information by business segment for the quarters and nine months ended September 30:
		Quarter Ended						Nine Months Ended
		September 30,						September 30,
	(Dollars in thousands)	2014			2013			2014			2013
	Revenues:
	Resource	$	91,919		$	77,017		$	183,336		$	177,254
	Wood Products	99,213			92,116			287,589			278,642
	Real Estate	6,176			8,868			36,352			19,312
		197,308			178,001			507,277			475,208
	Elimination of intersegment revenues - Resource	(20,093		)	(20,132		)	(46,564		)	(44,874		)
	Total consolidated revenues	$	177,215		$	157,869		$	460,713		$	430,334
	Operating income:
	Resource	$	34,080		$	25,369		$	61,122		$	55,361
	Wood Products	15,743			11,319			43,320			49,954
	Real Estate	4,646			6,493			25,295			13,692
	Eliminations and adjustments	(1,994		)	(791		)	(364		)	(67		)
		52,475			42,390			129,373			118,940
	Corporate	(7,606		)	(11,486		)	(23,470		)	(31,987		)
	Operating income	44,869			30,904			105,903			86,953
	Interest expense, net	(5,506		)	(5,556		)	(16,475		)	(17,559		)
	Income before income taxes	$	39,363		$	25,348		$	89,428		$	69,394
	Depreciation, depletion and amortization:
	Resource	$	6,101		$	5,888		$	12,745		$	13,520
	Wood Products	1,543			1,581			4,587			4,610
	Real Estate	15			15			44			42
		7,659			7,484			17,376			18,172
	Corporate	665			562			1,950			1,899
	Total depreciation, depletion and amortization	$	8,324		$	8,046		$	19,326		$	20,071
	Basis of real estate sold:
	Real Estate	$	519		$	1,170		$	7,928		$	2,370
	Eliminations and adjustments	(64		)	(132		)	(639		)	(425		)
	Total basis of real estate sold	$	455		$	1,038		$	7,289		$	1,945

Subsequent_Event_Notes

Subsequent Event (Notes)	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	SUBSEQUENT EVENT
	We signed a purchase agreement to acquire approximately 201,000 acres of timberlands in Mississippi and Alabama from affiliates of Resource Management Service, LLC for $384 million on October 15, 2014. We expect to finance with new long-term debt and cash. Earnings from these assets will be reported in our Resource segment after closing, which is expected to occur late in the fourth quarter of 2014. The transaction is subject to the satisfaction of customary closing conditions.

Earnings_per_Share_Tables

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share, Basic, Other Disclosures [Abstract]	'
Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted EPS	'
	The following table reconciles the number of shares used in calculating the basic and diluted earnings per share for the quarters and nine months ended September 30:
		Quarter Ended				Nine Months Ended
		September 30,				September 30,
	(Dollars in thousands, except per-share amounts)	2014		2013		2014		2013
	Net income	$	33,154	$	22,191	$	69,774	$	56,860
	Basic weighted average shares outstanding	40,744,667		40,530,393		40,732,704		40,492,901
	Incremental shares due to:
	Performance shares	114,579		115,310		98,877		121,483
	Restricted stock units	27,816		68,256		27,416		64,979
	Stock options	2,218		6,099		1,981		6,803
	Diluted weighted average shares outstanding	40,889,280		40,720,058		40,860,978		40,686,166
	Basic net income per share	$	0.81	$	0.55	$	1.71	$	1.4
	Diluted net income per share	$	0.81	$	0.54	$	1.71	$	1.4
	Antidilutive shares excluded from the calculation:
	Performance shares	—		18,295		—		10,068
	Restricted stock units	—		—		—		—
	Total antidilutive shares excluded from the calculation	—		18,295		—		10,068

EquityBased_Compensation_Table

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Share-based Compensation [Abstract]	'
Details of Compensation Expense	'
	The following table details our equity-based compensation expense and director deferred compensation expense for the quarters and nine months ended September 30:
		Quarter Ended								Nine Months Ended
		September 30,								September 30,
	(Dollars in thousands)	2014				2013				2014		2013
	Employee equity-based compensation expense:
	Performance shares	$	882			$	959			$	2,577	$	2,708
	Restricted stock units	144				211				481		563
	Total employee equity-based compensation expense	$	1,026			$	1,170			$	3,058	$	3,271
	Total tax benefit recognized	$	62			$	—			$	217	$	71
	Director deferred compensation expense	$	111			$	25			$	125	$	375
Fair Value of Performance Share Awards	'
	The following table presents the key inputs used in the Monte Carlo simulation method to calculate the fair value of the performance share awards in 2014 and 2013, and the resulting fair values:
		2014				2013
	Shares granted	87,441				83,111
	Stock price as of valuation date	$	39.76			$	45.31
	Risk-free rate	0.72		%		0.4		%
	Fair value of a performance share	$	45.57			$	62.78
Summary of Outstanding Performance Share Awards	'
	The following table summarizes outstanding performance share awards as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except grant date fair value)	Shares			Weighted Avg.				Aggregate
					Grant Date				Intrinsic Value
					Fair Value
	Unvested shares outstanding at January 1	155,814			$	48.73
	Granted	87,441			45.57
	Forfeited	(6,080	)		50.26
	Unvested shares outstanding at September 30	237,175			47.53				$	9,537
Summary of Outstanding RSU Awards	'
	The following table summarizes outstanding RSU awards as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except grant date fair value)	Shares			Weighted Avg.				Aggregate
					Grant Date				Intrinsic Value
					Fair Value
	Unvested shares outstanding at January 1	37,461			$	38.69
	Granted	15,849			39.85
	Vested	(6,050	)		42.09
	Forfeited	(2,025	)		40.95
	Unvested shares outstanding at September 30	45,235			38.54				$	1,819
Summary of Outstanding Stock Options	'
	The following table summarizes outstanding stock options as of September 30, 2014, and changes during the nine months ended September 30, 2014:
	(Dollars in thousands, except exercise prices)	Shares			Weighted Avg.				Aggregate
					Exercise Price				Intrinsic Value
	Outstanding at January 1	12,859			$	30.92
	Shares exercised	(4,286	)		30.92
	Shares canceled or expired	—			—
	Outstanding and exercisable at September 30	8,573			30.92				$	80
Summary of Outstanding Stock Options by Exercise Price Range	'
	The following table summarizes outstanding stock options as of September 30, 2014:
		Options Outstanding and Exercisable
	Exercise Price	Outstanding			Weighted Avg.
					Remaining
					Contractual Life
	$30.92	8,573			0.17 years

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory	'
	The following table details the composition of our inventories:
	(Dollars in thousands)	September 30,		December 31, 2013
		2014
	Inventories:
	Lumber and other manufactured wood products	$	17,416	$	15,967
	Logs	7,292		14,975
	Materials and supplies	6,020		5,333
		$	30,728	$	36,275

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of financial covenants on the credit facility	'

Pension_and_Other_Postretireme1

Pension and Other Postretirement Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
Components of Net Periodic Cost (Benefit)	'
	The following tables detail the components of net periodic cost (benefit) of our pension plans and other postretirement employee benefits (OPEB) for the quarters and nine months ended September 30:
		Quarters Ended September 30,
		Pension						OPEB
	(Dollars in thousands)	2014			2013			2014			2013
	Service cost	$	1,270		$	1,329		$	7		$	24
	Interest cost	4,796			4,457			435			453
	Expected return on plan assets	(6,128		)	(6,523		)	—			—
	Amortization of prior service cost (credit)	187			195			(2,411		)	(2,427		)
	Amortization of actuarial loss	3,613			4,982			546			802
	Net periodic cost (benefit)	$	3,738		$	4,440		$	(1,423	)	$	(1,148	)
		Nine Months Ended September 30,
		Pension						OPEB
	(Dollars in thousands)	2014			2013			2014			2013
	Service cost	$	3,810		$	3,988		$	19		$	70
	Interest cost	14,388			13,369			1,306			1,358
	Expected return on plan assets	(18,384		)	(19,569		)	—			—
	Amortization of prior service cost (credit)	561			585			(7,231		)	(7,281		)
	Amortization of actuarial loss	10,839			14,947			1,639			2,407
	Net periodic cost (benefit)	$	11,214		$	13,320		$	(4,267	)	$	(3,446	)
Schedule of Accumulated Other Comprehensive Loss	'
	The following tables detail the changes in accumulated other comprehensive loss (AOCL) by component for the quarters and nine months ended September 30:
		Quarter Ended September 30, 2014
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at July 1							$	96,358
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(114	)	$	1,471		1,357
	Actuarial loss	(2,204		)	(334		)	(2,538		)
	Total reclassification for the period	$	(2,318	)	$	1,137		(1,181		)
	AOCL at September 30							$	95,177
		Quarter Ended September 30, 2013
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at July 1							$	136,564
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(119	)	$	1,481		1,362
	Actuarial loss	(3,040		)	(489		)	(3,529		)
	Total reclassification for the period	$	(3,159	)	$	992		(2,167		)
	AOCL at September 30							$	134,397
		Nine Months Ended September 30, 2014
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at January 1							$	98,720
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(342	)	$	4,411		4,069
	Actuarial loss	(6,612		)	(1,000		)	(7,612		)
	Total reclassification for the period	$	(6,954	)	$	3,411		(3,543		)
	AOCL at September 30							$	95,177
		Nine Months Ended September 30, 2013
	(Dollars in thousands)	Pension			OPEB			Total
	AOCL at January 1							$	140,898
	Amortization of defined benefit items, net of tax:(1)
	Prior service credit (cost)	$	(357	)	$	4,442		4,085
	Actuarial loss	(9,118		)	(1,468		)	(10,586		)
	Total reclassification for the period	$	(9,475	)	$	2,974		(6,501		)
	AOCL at September 30							$	134,397
	(1) Amortization of prior service credit (cost) and amortization of actuarial loss are included in the computation of net periodic cost.

Financial_Instruments_Tables

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instrument Detail [Abstract]	'
Fair Value, by Balance Sheet Grouping	'
	The following table presents the estimated fair values of our financial instruments:
		September 30, 2014								December 31, 2013
	(Dollars in thousands)	Carrying				Fair				Carrying				Fair
		Amount				Value				Amount				Value
	Cash and short-term investments (Level 1)	$	73,343			$	73,343			$	57,837			$	57,837
	Derivative asset related to interest rate swaps (Level 2)	1,271				1,271				1,830				1,830
	Long-term debt, including fair value adjustments related to fair value hedges (Level 2)	319,749				349,682				320,092				347,869
Fair Values of Derivative Instruments	'
	The following table presents the gross fair values of derivative instruments on our Consolidated Condensed Balance Sheets as of the balance sheet dates:
	(Dollars in thousands)	Balance Sheet Location		September 30,				December 31,
				2014				2013
	Derivatives designated as hedging instruments:
	Interest rate contracts	Other assets		$	1,271			$	1,830
	Total derivatives designated as hedging instruments			$	1,271			$	1,830
Effect of Derivatives on Consolidated Condensed Statements of Income	'
	The following table details the effect of derivatives on the Consolidated Statements of Income for the quarters and nine months ended September 30:
		Location of Gain Recognized in Income		Gain Recognized in Income
				Quarters Ended								Nine Months Ended
				September 30,								September 30,
	(Dollars in thousands)			2014				2013				2014				2013
	Derivatives designated in fair value hedging relationships:
	Realized gain on interest rate contract(1)	Interest expense		$	239			$	235			$	740			$	722
	Net gain recognized in income from fair value hedges			$	239			$	235			$	740			$	722
	(1)	Realized gain on hedging instrument consists of net cash settlements and interest accruals on the interest rate swaps during the periods.

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting Information, Additional Information [Abstract]	'
Summary of Information by Business Segment	'
	The following table summarizes information by business segment for the quarters and nine months ended September 30:
		Quarter Ended						Nine Months Ended
		September 30,						September 30,
	(Dollars in thousands)	2014			2013			2014			2013
	Revenues:
	Resource	$	91,919		$	77,017		$	183,336		$	177,254
	Wood Products	99,213			92,116			287,589			278,642
	Real Estate	6,176			8,868			36,352			19,312
		197,308			178,001			507,277			475,208
	Elimination of intersegment revenues - Resource	(20,093		)	(20,132		)	(46,564		)	(44,874		)
	Total consolidated revenues	$	177,215		$	157,869		$	460,713		$	430,334
	Operating income:
	Resource	$	34,080		$	25,369		$	61,122		$	55,361
	Wood Products	15,743			11,319			43,320			49,954
	Real Estate	4,646			6,493			25,295			13,692
	Eliminations and adjustments	(1,994		)	(791		)	(364		)	(67		)
		52,475			42,390			129,373			118,940
	Corporate	(7,606		)	(11,486		)	(23,470		)	(31,987		)
	Operating income	44,869			30,904			105,903			86,953
	Interest expense, net	(5,506		)	(5,556		)	(16,475		)	(17,559		)
	Income before income taxes	$	39,363		$	25,348		$	89,428		$	69,394
	Depreciation, depletion and amortization:
	Resource	$	6,101		$	5,888		$	12,745		$	13,520
	Wood Products	1,543			1,581			4,587			4,610
	Real Estate	15			15			44			42
		7,659			7,484			17,376			18,172
	Corporate	665			562			1,950			1,899
	Total depreciation, depletion and amortization	$	8,324		$	8,046		$	19,326		$	20,071
	Basis of real estate sold:
	Real Estate	$	519		$	1,170		$	7,928		$	2,370
	Eliminations and adjustments	(64		)	(132		)	(639		)	(425		)
	Total basis of real estate sold	$	455		$	1,038		$	7,289		$	1,945

Income_Taxes_Details

Income Taxes (Details)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Corporate taxation of built-in gains, subjection term	'10 years
Recognition period before January 1, 2011 modified by the Small Business Jobs Act of 2010	'5 years
Reduced holding period for sales modified by the American Taxpayer Relief Act of 2012	'5 years

Earnings_per_Share_Reconciliat

Earnings per Share (Reconciliation Of Number Of Common Shares Used In Calculating Basic And Diluted EPS) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings per Share [Line Items]	'	'	'	'
Net income	$33,154	$22,191	$69,774	$56,860
Basic weighted-average shares outstanding (in shares)	40,744,667	40,530,393	40,732,704	40,492,901
Diluted weighted-average shares outstanding (in shares)	40,889,280	40,720,058	40,860,978	40,686,166
Basic net income per share (in shares)	$0.81	$0.55	$1.71	$1.40
Diluted net income per share (in shares)	$0.81	$0.54	$1.71	$1.40
Total anti-dilutive shares excluded from the calculation (in shares)	0	18,295	0	10,068
Performance shares [Member]	'	'	'	'
Earnings per Share [Line Items]	'	'	'	'
Incremental shares (in shares)	114,579	115,310	98,877	121,483
Total anti-dilutive shares excluded from the calculation (in shares)	0	18,295	0	10,068
Restricted stock units [Member]	'	'	'	'
Earnings per Share [Line Items]	'	'	'	'
Incremental shares (in shares)	27,816	68,256	27,416	64,979
Total anti-dilutive shares excluded from the calculation (in shares)	0	0	0	0
Stock options [Member]	'	'	'	'
Earnings per Share [Line Items]	'	'	'	'
Incremental shares (in shares)	2,218	6,099	1,981	6,803

EquityBased_Compensation_Narra

Equity-Based Compensation (Narrative) (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	8-May-14	Sep. 30, 2014
	Performance shares [Member]	Restricted stock units [Member]	Deferred Compensation, Share-based Payments [Member]	Deferred Compensation, Share-based Payments [Member]	2014 Long Term Incentive Plan [Member]
			Director [Member]	Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Shares authorized (in shares)	'	'	113,148	'	1,082,692
Reclassification of liability to shareholder equity	'	'	'	$4.30	'
Unrecognized compensation cost	5.1	1	'	'	'
Weighted average period (in years)	'1 year 3 months 5 days	'1 year 3 months 17 days	'	'	'
Total fair value of RSU awards vested	'	$0.30	'	'	'

EquityBased_Compensation_Detai

Equity-Based Compensation (Details Of Compensation Expense) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Employee equity-based compensation expense	$1,026	$1,170	$3,058	$3,271
Actual tax benefit realized for tax deductions from equity-based plans	62	0	217	71
Director deferred compensation expense (income)	111	25	125	375
Performance shares [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Employee equity-based compensation expense	882	959	2,577	2,708
Restricted stock units [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Employee equity-based compensation expense	$144	$211	$481	$563

EquityBased_Compensation_Fair_

Equity-Based Compensation (Fair Value Of Performance Share Awards) (Details) (Performance shares [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Performance shares [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Shares granted (in shares)	87,441	83,111
Stock price as of valuation date (in dollars per share)	$39.76	$45.31
Risk-free rate	0.72%	0.40%
Fair value of a performance share (in dollars per share)	$45.57	$62.78

EquityBased_Compensation_Summa

Equity-Based Compensation (Summary Of Outstanding Performance Share Awards / Restricted Stock Units) (Details) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Performance shares [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'	'
Unvested shares outstanding at January 1, Shares	155,814	'
Granted (in shares)	87,441	83,111
Forfeited (in shares)	-6,080	'
Unvested shares outstanding at September 30, Shares	237,175	'
Unvested shares outstanding at January 1, Weighted Avg. Grant Date Fair Value (in dollars per share)	$48.73	'
Granted, Weighted Av.g Exercise Price (in dollars per share)	$45.57	$62.78
Forfeited, Weighted Avg. Grant Date Fair Value (in dollars per share)	$50.26	'
Unvested shares outstanding at September 30, Weighted Avg. Grant Date Fair Value (in dollars per share)	$47.53	'
Aggregate Intrinsic Value	$9,537	'
Restricted Stock Units (RSUs) [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]	'	'
Unvested shares outstanding at January 1, Shares	37,461	'
Granted (in shares)	15,849	'
Vested (in shares)	-6,050	'
Forfeited (in shares)	-2,025	'
Unvested shares outstanding at September 30, Shares	45,235	'
Unvested shares outstanding at January 1, Weighted Avg. Grant Date Fair Value (in dollars per share)	$38.69	'
Granted, Weighted Av.g Exercise Price (in dollars per share)	$39.85	'
Vested, Weighted Avg. Grant Date Fair Value (in dollars per share)	$42.09	'
Forfeited, Weighted Avg. Grant Date Fair Value (in dollars per share)	$40.95	'
Unvested shares outstanding at September 30, Weighted Avg. Grant Date Fair Value (in dollars per share)	$38.54	'
Aggregate Intrinsic Value	$1,819	'

EquityBased_Compensation_Summa1

Equity-Based Compensation (Summary Of Outstanding Stock Options) (Details) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Outstanding at January 1, (in shares)	12,859
Shares exercised, (in shares)	-4,286
Shares canceled or expired, (in shares)	0
Outstanding and exercisable at September 30, (in shares)	8,573
Outstanding at January 1, Weighted Avg. Exercise Price (in dollars per share)	$30.92
Shares exercised, Weighted Avg. Exercise Price (in dollars per share)	$30.92
Shares canceled or expired, Weighted Avg. Exercise Price (in dollars per share)	$0
Outstanding and exercisable at September 30, Weighted Avg. Exercise Price (in dollars per share)	$30.92
Outstanding and exercisable at September 30, Aggregate Intrinsic Value	$80

EquityBased_Compensation_Summa2

Equity-Based Compensation (Summary of Outstanding Stock Options By Exercise Price Range) (Details) (30.9204)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
30.9204	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Options outstanding (in shares)	8,573
Weighted Avg. Remaining Contractual Life (in years)	'2 months 1 day

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Lumber and other manufactured wood products	$17,416	$15,967
Logs	7,292	14,975
Materials and supplies	6,020	5,333
Inventories, Total	$30,728	$36,275

Debt_Details

Debt (Details) (Line of Credit [Member], USD $)	Sep. 30, 2014	Aug. 12, 2014
Line of Credit Facility [Line Items]	'	'
Line of credit facility, available borrowing capacity	$248,600,000	'
Revolving Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, maximum principle amount	'	250,000,000
Line of credit facility, additional borrowing capacity	'	250,000,000
Line of credit facility, borrowings outstanding	0	'
Standby Letters of Credit [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, maximum principle amount	'	40,000,000
Line of credit facility, borrowings outstanding	1,400,000	'
Swing Line Loan [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit facility, maximum principle amount	'	$25,000,000

Pension_and_Other_Postretireme2

Pension and Other Postretirement Employee Benefits (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Pension Contributions	$3,600,000	$3,550,000	$0
Non-Qualified Supplemental Pension Plans [Member]	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'
Contributions	'	$1,300,000	'

Pension_and_Other_Postretireme3

Pension and Other Postretirement Employee Benefits (Components Of Net Periodic Cost (Benefit)) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pension Plans [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	$1,270	$1,329	$3,810	$3,988
Interest cost	4,796	4,457	14,388	13,369
Expected return on plan assets	-6,128	-6,523	-18,384	-19,569
Amortization of prior service cost (credit)	187	195	561	585
Amortization of actuarial loss	3,613	4,982	10,839	14,947
Net periodic cost (benefit)	3,738	4,440	11,214	13,320
Other Postretirement Employee Benefits [Member]	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Service cost	7	24	19	70
Interest cost	435	453	1,306	1,358
Expected return on plan assets	0	0	0	0
Amortization of prior service cost (credit)	-2,411	-2,427	-7,231	-7,281
Amortization of actuarial loss	546	802	1,639	2,407
Net periodic cost (benefit)	($1,423)	($1,148)	($4,267)	($3,446)

Pension_and_Other_Postretireme4

Pension and Other Postretirement Employee Benefits (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Accumulated Other Comprehensive Loss [Roll Forward]	'		'		'		'
AOCL at beginning of period	$136,564		$96,358		$98,720		$140,898
Prior service cost (credit)	1,357	[1]	1,362	[1]	4,069	[1]	4,085	[1]
Actuarial loss	-2,538	[1]	-3,529	[1]	-7,612	[1]	-10,586	[1]
Total reclassification for the period	-1,181	[1]	-2,167	[1]	-3,543	[1]	-6,501	[1]
AOCL at end of period	95,177		134,397		95,177		134,397
Pension Plans [Member]	'		'		'		'
Accumulated Other Comprehensive Loss [Roll Forward]	'		'		'		'
Prior service cost (credit)	-114	[1]	-119	[1]	-342	[1]	-357	[1]
Actuarial loss	-2,204	[1]	-3,040	[1]	-6,612	[1]	-9,118	[1]
Total reclassification for the period	-2,318	[1]	-3,159	[1]	-6,954	[1]	-9,475	[1]
Other Postretirement Employee Benefits [Member]	'		'		'		'
Accumulated Other Comprehensive Loss [Roll Forward]	'		'		'		'
Prior service cost (credit)	1,471	[1]	1,481	[1]	4,411	[1]	4,442	[1]
Actuarial loss	-334	[1]	-489	[1]	-1,000	[1]	-1,468	[1]
Total reclassification for the period	$1,137	[1]	$992	[1]	$3,411	[1]	$2,974	[1]
[1]	(1) Amortization of prior service credit (cost) and amortization of actuarial loss are included in the computation of net periodic cost.

Financial_Instruments_Estimate

Financial Instruments (Estimated Fair Values Of Financial Instruments) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Level 1 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Cash and short-term investments, Carrying Amount	$73,343	$57,837
Cash and short-term investments, Fair Value	73,343	57,837
Level 2 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term debt, including current installments on long-term debt and fair value adjustments related to fair value hedges, Carrying Amount	319,749	320,092
Long-term debt, including current installments on long-term debt and fair value adjustments related to fair value hedges, Fair Value	349,682	347,869
Level 2 [Member] | Interest rate contracts [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Derivative asset related to interest rate swaps, Carrying Amount	1,271	1,830
Derivative asset related to interest rate swaps, Fair Value	$1,271	$1,830

Financial_Instruments_Fair_Val

Financial Instruments (Fair Values Of Derivative Instruments) (Details) (Derivatives designated as hedging instruments [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'	'
Fair Value of Derivative Assets	$1,271	$1,830
Other assets (non-current) [Member] | Interest rate contracts [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Fair Value of Derivative Assets	$1,271	$1,830

Financial_Instruments_Effect_O

Financial Instruments (Effect Of Derivatives On Consolidated Condensed Statements Of Operations And Comprehensive Income) (Details) (Derivatives designated as hedging instruments [Member], Interest rate contracts [Member], USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Net gain (loss) recognized in income	$239		$235		$740		$722
Interest expense [Member]	'		'		'		'
Derivative Instruments, Gain (Loss) [Line Items]	'		'		'		'
Realized gain on hedging instrument	$239	[1]	$235	[1]	$740	[1]	$722	[1]
[1]	1) Realized gain on hedging instrument consists of net cash settlements and interest accruals on the interest rate swaps during the periods.

Segment_Information_Summary_Of

Segment Information (Summary Of Information By Business Segment) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	$177,215	$157,869	$460,713	$430,334
Operating Income	39,363	25,348	89,428	69,394
Operating Income (Loss)	44,869	30,904	105,903	86,953
Interest Expense	-5,506	-5,556	-16,475	-17,559
Depreciation, depletion and amortization	8,324	8,046	19,326	20,071
Basis of real estate sold	455	1,038	7,289	1,945
Operating Segments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	197,308	178,001	507,277	475,208
Operating Income	52,475	42,390	129,373	118,940
Depreciation, depletion and amortization	7,659	7,484	17,376	18,172
Resource [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	91,919	77,017	183,336	177,254
Operating Income	34,080	25,369	61,122	55,361
Depreciation, depletion and amortization	6,101	5,888	12,745	13,520
Wood Products [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	99,213	92,116	287,589	278,642
Operating Income	15,743	11,319	43,320	49,954
Depreciation, depletion and amortization	1,543	1,581	4,587	4,610
Real Estate [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	6,176	8,868	36,352	19,312
Operating Income	4,646	6,493	25,295	13,692
Depreciation, depletion and amortization	15	15	44	42
Basis of real estate sold	519	1,170	7,928	2,370
Eliminations and Adjustments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Segment Revenues	-20,093	-20,132	-46,564	-44,874
Operating Income	-1,994	-791	-364	-67
Corporate [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Operating Income	-7,606	-11,486	-23,470	-31,987
Depreciation, depletion and amortization	665	562	1,950	1,899
Basis of Real Estate Sold Eliminations and Adjustments [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Basis of real estate sold	($64)	($132)	($639)	($425)

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	9 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Oct. 15, 2014	Oct. 15, 2014
			Subsequent Event [Member]	Subsequent Event [Member]
				acre
Subsequent Event [Line Items]	'	'	'	'
Area of timberland acquired (in acres)	'	'	'	201,000
Payments to acquire timberlands	$3,143	$0	$384,000	'