Clearwater Paper (CLW) 10-Q4 Nov 152015 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	CLW
Entity Registrant Name	CLEARWATER PAPER CORP
Entity Central Index Key	1,441,236
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		17,773,669

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 442,222	$ 511,142	$ 1,320,806	$ 1,494,821
Costs and expenses:
Cost of sales	(373,892)	(434,457)	(1,148,071)	(1,295,197)
Selling, general and administrative expenses	(28,284)	(31,817)	(85,379)	(96,896)
Asset Impairment Charges	0	(890)	0	(5,149)
Total operating costs and expenses	(402,176)	(467,164)	(1,233,450)	(1,397,242)
Income from operations	40,046	43,978	87,356	97,579
Interest expense, net	(7,882)	(9,570)	(23,438)	(30,992)
Gains (Losses) on Extinguishment of Debt	0	(24,420)	0	(24,420)
Earnings (loss) before income taxes	32,164	9,988	63,918	42,167
Income tax provision	(9,100)	(3,735)	(19,500)	(17,235)
Net earnings (loss)	$ 23,064	$ 6,253	$ 44,418	$ 24,932
Net earnings per common share:
Basic (in dollars per share)	$ 1.22	$ 0.32	$ 2.33	$ 1.23
Diluted (in dollars per share)	$ 1.21	$ 0.31	$ 2.30	$ 1.21

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Net earnings	$ 23,064	$ 6,253	$ 44,418		$ 24,932
Defined benefit pension and other postretirement employee benefits:
Amortization of actuarial loss included in net periodic cost, net of tax expense of $1,206 and $965	1,922	1,504	5,764		4,512
Amortization of prior service credit included in net periodic cost, net of tax benefit of $(207) and $(29)	321	303	962		907
Other comprehensive income (loss), net of tax	1,601	1,201	4,802	[1]	3,605	[1]
Comprehensive income	$ 24,665	$ 7,454	$ 49,220		$ 28,537

[1]	For the nine months ended September 30, 2015 and 2014, net periodic costs associated with our pension and other postretirement employee benefit, or OPEB, plans included in other comprehensive income and reclassified from accumulated other comprehensive loss included $9.5 million and $7.4 million, respectively, of actuarial loss amortization, as well as $1.6 million and $1.5 million, respectively, of prior service credit amortization, all net of tax totaling $3.1 million and $2.3 million, respectively. These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs in Note 10, “Pension and Other Postretirement Employee Benefit Plans.”

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amortization of actuarial loss included in net periodic cost, tax expense	$ 1,234	$ 948	$ 3,701	$ 2,847
Amortization of prior service credit included in net periodic cost, tax benefit	$ (206)	$ (191)	$ (617)	$ (573)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 13,417	$ 27,331
Restricted cash	2,270	1,500
Short-term investments	10,000	50,000
Receivables, net	153,857	133,914
Taxes receivable	0	1,255
Inventories	261,683	286,626
Deferred tax assets	20,330	21,760
Prepaid expenses	6,763	4,191
Total current assets	468,320	526,577
Property, plant and equipment, net	836,758	810,987
Goodwill	209,087	209,087
Intangible assets, net	21,231	24,956
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	8,743	4,738
Other assets, net	7,394	9,583
TOTAL ASSETS	1,551,533	1,585,928
Current liabilities:
Accounts payable and accrued liabilities	244,953	215,826
Current liability for pensions and other postretirement employee benefits	7,915	7,915
Total current liabilities	252,868	223,741
Long-term debt	575,000	575,000
Liability for pensions and other postretirement employee benefits	113,531	118,464
Other long-term obligations	47,696	56,856
Accrued taxes	1,573	2,696
Deferred tax liabilities	100,884	111,634
Stockholders' equity:
Preferred stock, par value $0.0001 per share, 5,000,000 authorized shares, no shares issued	0	0
Common stock, par value $0.0001 per share, 100,000,000 authorized shares, 24,153,987 and 24,056,057 shares issued	2	2
Additional paid-in capital	341,130	334,074
Retained earnings	508,742	464,324
Treasury stock, at cost, common shares-5,097,883 and 4,498,388 shares repurchased	(323,832)	(230,000)
Accumulated other comprehensive loss, net of tax	(66,061)	(70,863)
Total stockholders' equity	459,981	497,537
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,551,533	$ 1,585,928

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.0001000	$ 0.0001000
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001000	$ 0.0001000
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	24,153,978	24,056,057
Treasury stock, shares (in shares)	6,249,196	4,498,388

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$ 44,418	$ 24,932
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	62,844	66,539
Equity-based compensation expense	2,495	9,201
Asset Impairment Charges	0	5,149
Deferred tax expense	(12,403)	12,895
Employee benefit plans	2,122	1,603
Amortization of Financing Costs and Discounts	714	5,864
Gain (Loss) on Disposition of Assets	1,109	747
Other Noncash Income Tax Expense	(1,123)	149
Changes in working capital, net	15,471	(13,190)
Change in taxes receivable, net	1,255	7,894
Excess tax benefits from equity share-based payment arrangements	3,848	1,508
Funding of qualified pension plans	(3,179)	(15,957)
Other Operating Activities, Cash Flow Statement	(2,320)	(2,387)
Net cash provided by operating activities	107,555	101,931
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net	40,000	70,000
Additions to plant and equipment	(78,461)	(54,029)
Proceeds from Sale of Productive Assets	587	733
Net cash used for investing activities	(37,874)	16,704
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt	0	300,000
Repayments of Debt	0	375,000
Purchase of treasury stock	(84,305)	(100,000)
Proceeds from (Repayments of) Short-term Debt	0	47,047
Payments of Debt Issuance Costs	0	2,995
Payment of tax withholdings on equity-based payment arrangements	(3,129)	(792)
Excess Tax Benefit from Share-based Compensation, Financing Activities	3,848	1,508
Proceeds from (Payments for) Other Financing Activities	(9)	1,500
Net cash (used for) provided by financing activities	(83,595)	(128,732)
Increase in cash	(13,914)	(10,097)
Cash at beginning of period	27,331	23,675
Cash at end of period	13,417	13,578
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized	28,429	34,418
Cash paid for income taxes	18,886	6,196
Cash received from income tax refunds	2,104	10,496
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES:
Capital Expenditures Incurred but Not yet Paid	5,165	3,831
Unsettled Repurchases Of Common Stock	$ 9,527	$ 0

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
Nature of Operations and Basis of Presentation	Sep. 30, 2015
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation GENERAL Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters. On December 30, 2014, we sold our specialty business and mills to a private buyer for $108 million in cash, net of sale related expenses and adjustments. The specialty business and mills' production consisted predominantly of machine-glazed tissue and also included parent rolls and other specialty tissue products such as absorbent materials and dark-hued napkins. The sale included five of our former subsidiaries with facilities located at East Hartford, Connecticut; Menominee, Michigan; Gouverneur, New York; St. Catharines, Ontario; and Wiggins, Mississippi. Included in the sale related expenses and adjustments was the impact of certain indemnity and working capital escrow clauses in the sales agreement. These escrowed amounts totaled $3.8 million of restricted cash on our December 31, 2014 Consolidated Balance Sheet. During the second quarter of 2015, the working capital escrow account established in connection with the sale of the specialty business and mills was settled, resulting in the release of $1.5 million from the restricted cash escrow account and the recognition of a corresponding gain recorded in "Selling, general and administrative expenses" within our Consolidated Statement of Operations. On February 17, 2014, we announced the permanent and immediate closure of our Long Island, New York, tissue converting and distribution facility. As of September 30, 2015 , we have incurred $20.8 million of costs associated with the closure, of which $0.7 million and $2.0 million , respectively, were incurred during the three and nine month periods ended September 30, 2015 . FINANCIAL STATEMENT PREPARATION AND PRESENTATION The accompanying Consolidated Balance Sheets at September 30, 2015 and December 31, 2014 , the related Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2015 and 2014 , and the Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 , have been prepared in conformity with accounting principles generally accepted in the United States of America, or GAAP. We believe that all adjustments necessary for a fair statement of the results of the interim periods presented have been included. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year. 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, 2014 , as filed with the Securities and Exchange Commission, or SEC, on February 26, 2015 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SIGNIFICANT ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Significant areas requiring the use of estimates and measurement of uncertainty include determination of net realizable value for deferred tax assets, uncertain tax positions, assessment of impairment of long-lived assets, goodwill and intangibles, assessment of environmental matters, equity-based compensation and pension and postretirement obligation assumptions. Actual results could differ from those estimates and assumptions. SHORT-TERM INVESTMENTS AND RESTRICTED CASH Our short-term investments are invested primarily in demand deposits, which have very short maturity periods, and therefore earn an interest rate commensurate with low-risk instruments. We do not attempt to hedge our exposure to interest rate risk for our short-term investments. Our restricted cash in which the underlying instrument has a term of greater than twelve months from the balance sheet date is classified as non-current and is included in “Other assets, net” on our Consolidated Balance Sheet. As of September 30, 2015 , we had $2.3 million classified as current on our Consolidated Balance Sheet. As of December 31, 2014 , we had $1.5 million of restricted cash classified as current and $2.3 million of restricted cash classified as non-current and included in "Other assets, net" on our Consolidated Balance Sheets. TRADE ACCOUNTS RECEIVABLE Trade accounts receivable are stated at the amount we expect to collect. Trade accounts receivable do not bear interest. The allowance for doubtful accounts is our best estimate of the losses we expect will result from the inability of our customers to make required payments. We generally determine the allowance based on a combination of actual historical write-off experience and an analysis of specific customer accounts. As of September 30, 2015 and December 31, 2014 , we had allowances for doubtful accounts of $1.6 million and $1.4 million , respectively. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, including any interest costs capitalized, less accumulated depreciation. Depreciation of buildings, equipment and other depreciable assets is determined using the straight-line method. Assets we acquire through business combinations have estimated lives that are typically shorter than the assets we construct or buy new. Accumulated depreciation totaled $1,503.7 million and $1,450.1 million at September 30, 2015 and December 31, 2014 , respectively. Consistent with authoritative guidance, we assess the carrying amount of long-lived assets with definite lives that are held-for-use and evaluate them for recoverability whenever events or changes in circumstances indicate that we may be unable to recover the carrying amount of the assets. During the first quarter of 2014, we permanently closed our Long Island tissue converting and distribution facility. As a result of this closure, we considered an outside third party's appraisal in assessing the recoverability of the facility's long-lived plant and equipment based on available market data for comparable assets sold through private party transactions. Based on this assessment, we determined the carrying amounts of certain long-lived plant and equipment related to the Long Island facility exceeded their fair value. As a result, we recorded a $3.8 million non-cash impairment charge to our accompanying Consolidated Statement of Operations for the nine months ended September 30, 2014 . There were no other such events or changes in circumstances that impacted our remaining long-lived assets. STOCKHOLDERS’ EQUITY On December 15, 2014, we announced that our Board of Directors had approved a new stock repurchase program authorizing the repurchase of up to $100 million of our common stock. The repurchase program authorized purchases of our common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated stock repurchases and 10b5-1 trading plans in accordance with applicable securities laws and other restrictions. In total, we repurchased 1,750,808 shares of our outstanding common stock as of September 30, 2015 , pursuant to this repurchase program, of which 1,151,313 shares were repurchased during the third quarter of 2015 at an average price of $49.23 per share. Included in our third quarter 2015 repurchases were 201,300 shares of our outstanding common stock with an average price of $47.33 per share for which payment had not been made nor had the repurchased shares settled as of the end of the quarter. As a result, our treasury stock repurchases reported in our September 30, 2015 Consolidated Statement of Cash Flows differs from our total repurchases during the year to the extent that these repurchases had not been paid and settled at the end of the quarter. As of September 30, 2015 , we had up to $6.2 million of authorization remaining pursuant to this stock repurchase program. Subsequent to the close of our third quarter ended September 30, 2015 , we repurchased an additional 131,113 shares of our outstanding common stock at an average price of $46.97 per share, which completed the remainder of this repurchase program. On February 5, 2014, we announced that our Board of Directors had approved a stock repurchase program authorizing the repurchase of up to $100 million of our common stock. We completed that program during the third quarter of 2014. In total, we repurchased 1,574,748 shares of our outstanding common stock at an average price of $63.50 per share under that program. DERIVATIVES We had no activity during the nine months ended September 30, 2015 and 2014 that required hedge or derivative accounting treatment. However, to help mitigate our exposure to market risk for changes in utility commodity pricing, we use firm price contracts to supply a portion of the natural gas requirements for our manufacturing facilities. As of September 30, 2015 , these contracts covered approximately 51% of our expected average monthly natural gas requirements for the remainder of 2015, plus lesser amounts for 2016. Historically, these contracts have qualified for treatment as “normal purchases or normal sales” under authoritative guidance and thus required no mark-to-market adjustment. EMPLOYEES Unions represent hourly employees at six of our manufacturing sites. There are no collective bargaining agreements due to expire in 2015. The hourly union labor contracts that had expired as set forth on page 6 of our Annual Report on Form 10-K for the year ended December 31, 2014 were ratified during the first quarter of 2015.

Recently Adopted and New Accoun

Recently Adopted and New Accounting Standards	9 Months Ended
Recently Adopted and New Accounting Standards	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Adopted and New Accounting Standards	Recently Adopted and New Accounting Standards In July 2015, the Financial Accounting Standards Board, or FASB, issued Accounting Standard Update, or ASU, 2015-11, Simplifying the Measurement of Inventory . This standard is part of the FASB’s simplification initiative and applies to entities that measure inventory using a method other than last-in, first-out (LIFO) or the retail inventory method (e.g., first-in, first-out (FIFO), average cost). Under this ASU, entities that utilize FIFO and average cost must switch from the lower of cost or market to the lower of cost and net realizable value. This ASU requires prospective adoption for inventory measurements for fiscal years beginning after December 15, 2016, and interim periods within those years for public business entities. Early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . The core principle of the new standard is for companies to recognize revenue in a manner that depicts the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The standard will also result in enhanced disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively, such as service revenue and contract modifications, and clarify guidance for multiple-element arrangements. This standard was originally issued as effective for fiscal years and interim periods within those years beginning after December 15, 2016, with early adoption prohibited. However, in July 2015, the FASB approved deferring the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. In its approval, the FASB also permitted the early adoption of the standard, but not before the original effective date of fiscal years beginning after December 15, 2016. The standard may be applied under either a retrospective or cumulative effect adoption method. We plan on adopting the standard under the deferred effective date and are currently evaluating the impact this guidance will have on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs . This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred asset. It is effective for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The adoption of this guidance is not expected to have a significant effect on our consolidated financial statements. We reviewed all other new accounting pronouncements issued in the period and concluded that they are not applicable to our business.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Pulp, paperboard and tissue products $ 163,314 $ 188,760 Materials and supplies 79,421 74,916 Logs, pulpwood, chips and sawdust 18,948 22,950 $ 261,683 $ 286,626

Intangible Assets

Intangible Assets	9 Months Ended
Intangible Assets	Sep. 30, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets	Intangible Assets Intangible assets at the balance sheet dates are comprised of the following: September 30, 2015 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.0 $ 41,001 $ (21,639 ) $ 19,362 Trade names and trademarks 10.0 3,286 (1,561 ) 1,725 Non-compete agreements 5.0 574 (430 ) 144 $ 44,861 $ (23,630 ) $ 21,231 December 31, 2014 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.0 $ 41,001 $ (18,223 ) $ 22,778 Trade names and trademarks 10.0 3,286 (1,314 ) 1,972 Non-compete agreements 5.0 1,189 (983 ) 206 $ 45,476 $ (20,520 ) $ 24,956 As a result of the closure of our Long Island tissue converting and distribution facility, we performed an assessment of the recoverability of our intangible assets by utilizing the income approach, which discounts projected future cash flows based on management’s expectations of the current and future operating environment. It was determined that the carrying amounts of certain trade names and trademarks related to the Long Island facility were exceeding their fair value. As a result, in the first quarter of 2014 we recorded a $1.3 million non-cash impairment charge in our accompanying Consolidated Statement of Operations. There were no other such events or changes in circumstances that impacted our remaining definite-lived intangible assets.

Taxes

Taxes	9 Months Ended
Taxes	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Taxes	Income Taxes Consistent with authoritative guidance, our estimated annual effective tax rate is used to allocate our expected annual income tax provision to interim periods. The rate is the ratio of our estimated annual income tax provision to estimated pre-tax ordinary income and excludes "discrete items," which are significant, unusual or infrequent items reported separately, net of their related tax effect. The estimated annual effective tax rate is applied to the current interim period’s ordinary income to determine the income tax provision allocated to the interim period. The income tax effects of discrete items are then determined separately and recognized in the interim period in which the income or expense items arise. For the three and nine months ended September 30, 2015 and 2014 , the effective tax rates attributable to continuing operations were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % 35.0 % State taxes, net of credits 3.3 (0.3 ) 3.3 (0.3 ) Change in valuation allowances (6.8 ) 2.6 (3.2 ) 2.6 Federal manufacturing deduction (3.5 ) (1.4 ) (3.5 ) (1.4 ) Settlement of uncertain tax positions — (0.8 ) — (0.2 ) Change in uncertain tax positions (0.5 ) 1.9 (1.8 ) 0.5 Interest accrued on uncertain tax positions — 0.2 — 0.1 Federal credits and audit adjustments (0.5 ) 0.5 (0.5 ) (0.8 ) State rate adjustments (0.2 ) (0.5 ) (0.1 ) 2.3 Return to provision adjustments (0.4 ) (0.1 ) (0.2 ) 3.2 Other 1.9 0.3 1.5 (0.1 ) Effective tax rate 28.3 % 37.4 % 30.5 % 40.9 % Our estimated annual effective tax rate for the third quarter of 2015 is approximately 36% , compared with approximately 35% for the comparable interim period in 2014 . The increase is due to an increase in the benefit from the federal manufacturing deduction offset by a decrease in the benefit from state income tax rates. During the three and nine month periods ended September 30, 2015, we recorded discrete benefits for the release of valuation allowances on certain state net operating losses. Based upon further review and analysis, we determined these valuation allowances were no longer required, which reduced tax expense by approximately $2 million , or a 5.6% and 2.8% rate reduction for the three and nine month periods ended September 30, 2015, respectively. During the nine months ended September 30, 2014 , we recorded discrete expense for a reduction in our blended state tax rate, as well as adjustments to New York state specific deferred items. These changes were due to amendments we made to our New York state return filings as a result of changes in New York state tax laws. In reviewing the changes in the tax laws, we identified that in prior years we had not applied the proper apportionment factor when certain New York state net operating loss carryforwards were generated, which resulted in a $2.9 million overstatement. We corrected this in the second quarter of 2014 by including the overstatement as a discrete item within state rate adjustments due to immateriality.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
Accounts Payable and Accrued Liabilities	Sep. 30, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Trade accounts payable $ 143,734 $ 122,856 Accrued wages, salaries and employee benefits 41,467 41,880 Income taxes payable 11,323 — Unsettled repurchases of common stock 9,527 — Accrued discounts and allowances 8,801 10,026 Accrued taxes other than income taxes payable 7,572 5,622 Accrued utilities 5,967 6,959 Accrued interest 4,931 12,173 Other 11,631 16,310 $ 244,953 $ 215,826

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt SENIOR NOTES On July 29, 2014 , we issued $300 million aggregate principal amount of senior notes, which we refer to as the 2014 Notes. The 2014 Notes mature on February 1, 2025 , have an interest rate of 5.375% and were issued at their face value. The 2014 Notes are guaranteed by all of our direct and indirect subsidiaries. The 2014 Notes will also be guaranteed by each of our future direct and indirect subsidiaries that do not constitute an immaterial subsidiary under the indenture governing the 2014 Notes. The 2014 Notes are equal in right of payment with all other existing and future unsecured senior indebtedness and are senior in right of payment to any future subordinated indebtedness. The 2014 Notes are effectively subordinated to all of our existing and future secured indebtedness, including borrowings under our secured revolving credit facility, which is secured by certain of our accounts receivable, inventory and cash. The terms of the 2014 Notes limit our ability and the ability of any restricted subsidiaries to incur certain liens, engage in sale and leaseback transactions and consolidate, merge with, or convey, transfer or lease substantially all of our or their assets to another person. On January 23, 2013, we issued $275 million aggregate principal amount of senior notes, which we refer to as the 2013 Notes. The 2013 Notes mature on February 1, 2023 , have an interest rate of 4.5% and were issued at their face value. The 2013 Notes are guaranteed by all of our direct and indirect subsidiaries, and will also be guaranteed by each of our future direct and indirect subsidiaries that we do not designate as an unrestricted subsidiary under the indenture governing these notes. The 2013 Notes are equal in right of payment with all other existing and future unsecured senior indebtedness and are senior in right of payment to any future subordinated indebtedness. In addition, they are effectively subordinated to all of our existing and future secured indebtedness, including borrowings under our secured revolving credit facility, which is secured by certain of our accounts receivable, inventory and cash. The terms of the notes limit our ability and the ability of any restricted subsidiaries to borrow money; pay dividends; redeem or repurchase capital stock; make investments; sell assets; create restrictions on the payment of dividends or other amounts to us from any restricted subsidiaries; enter into transactions with affiliates; enter into sale and lease back transactions; create liens; and consolidate, merge or sell all or substantially all of our or their assets. REVOLVING CREDIT FACILITY On November 26, 2008, we entered into a $125 million senior secured revolving credit facility with certain financial institutions. The amount available to us under the revolving credit facility is based on the lesser of 85% of our eligible accounts receivable plus approximately 65% of our eligible inventory, or $125 million . The revolving credit facility, which was subsequently amended on September 28, 2015, expires on September 30, 2020 . As of September 30, 2015 , there were no borrowings outstanding under the credit facility, but $6.2 million of the credit facility was being used to support outstanding standby letters of credit. Loans under the credit facility bear interest (i) for LIBOR loans, LIBOR plus between 1.25% and 1.75% and (ii) for base rate loans, a per annum rate equal to the greater of the following rates plus between 0.25% and 0.75% : (a) the rate of interest announced by Bank of America from time to time as its prime rate for such day; (b) the weighted average of interest rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers for such day, plus 0.50% ; or (c) LIBOR for a 30-day interest period as determined on such day, plus 1.00% . The percentage margin on all loans is based on our fixed charge coverage ratio for the most recent four quarters. As of September 30, 2015 , we would have been permitted to draw an additional $118.8 million under the credit facility at LIBOR plus 1.25% , or base rate plus 0.25% . A minimum fixed charge coverage ratio is the only financial covenant requirement under our credit facility and is triggered when there are any commitments or obligations outstanding and availability falls below 12.5% or an event of default exists, at which time the minimum fixed charge coverage ratio must be at least 1.0 -to-1.0. As of September 30, 2015 , the fixed charge coverage ratio for the most recent four quarters was 1.6 -to-1.0. Our obligations under the revolving credit facility are secured by certain of our accounts receivable, inventory and cash. The terms of the credit facility contain various provisions that limit our discretion in the operations of our business by restricting our ability to, among other things, pay dividends; redeem or repurchase capital stock; create, incur or guarantee certain debt; incur liens on certain properties; make capital expenditures; enter into certain affiliate transactions; enter into certain hedging arrangements; and consolidate with or merge with another entity. The revolving credit facility contains usual and customary affirmative and negative covenants and usual and customary events of default.

Other Long-Term Obligations

Other Long-Term Obligations	9 Months Ended
Other Long-Term Obligations	Sep. 30, 2015
Other Liabilities, Noncurrent [Abstract]
Other Long-Term Obligations	Other Long-Term Obligations Other long-term obligations at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Long-term lease obligations, net of current portion $ 24,253 $ 24,805 Deferred proceeds 10,921 12,360 Deferred compensation 10,134 14,609 Other 2,388 5,082 $ 47,696 $ 56,856

Reclassification out of Accumul

Reclassification out of Accumulated Other Comprehensive Income (Notes)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income [Text Block]	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, net of tax, is comprised of the following: (In thousands) Foreign Currency Translation Adjustments 1 Pension and Other Post Retirement Employee Benefit Plan Adjustments Total Balance at December 31, 2014 $ — $ (70,863 ) $ (70,863 ) Other comprehensive income, net of tax 2 — 4,802 4,802 Balance at September 30, 2015 $ — $ (66,061 ) $ (66,061 ) (In thousands) Foreign Currency Translation Adjustments 1 Pension and Other Post Retirement Employee Benefit Plan Adjustments Total Balance at December 31, 2013 $ (874 ) $ (57,219 ) $ (58,093 ) Other comprehensive income, net of tax 2 — 3,605 3,605 Balance at September 30, 2014 $ (874 ) $ (53,614 ) $ (54,488 ) 1 This balance consists of unrealized foreign currency translation adjustments related to the operations of our former Canadian subsidiary before its functional currency was changed from Canadian dollars to U.S. dollars in 2012. As a result of the divestiture of the specialty business and mills, this balance was written off in the fourth quarter of 2014. 2 For the nine months ended September 30, 2015 and 2014 , net periodic costs associated with our pension and other postretirement employee benefit, or OPEB, plans included in other comprehensive income and reclassified from accumulated other comprehensive loss included $9.5 million and $7.4 million , respectively, of actuarial loss amortization, as well as $1.6 million and $1.5 million , respectively, of prior service credit amortization, all net of tax totaling $3.1 million and $2.3 million , respectively. These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs in Note 10, “Pension and Other Postretirement Employee Benefit Plans.”

Pension and Other Postretiremen

Pension and Other Postretirement Employee Benefit Plans	9 Months Ended
Pension and Other Postretirement Employee Benefit Plans	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Employee Benefit Plans	Pension and Other Postretirement Employee Benefit Plans The following table details the components of net periodic cost of our company-sponsored pension and OPEB plans for the periods presented: Three Months Ended September 30, (In thousands) 2015 2014 2015 2014 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 311 $ 347 $ 91 $ 114 Interest cost 3,483 3,707 970 1,142 Expected return on plan assets (5,029 ) (5,049 ) — — Amortization of prior service cost (credit) 18 51 (545 ) (545 ) Amortization of actuarial loss (gain) 3,155 2,524 — (72 ) Net periodic cost $ 1,938 $ 1,580 $ 516 $ 639 Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 934 $ 1,042 $ 272 $ 340 Interest cost 10,448 11,119 2,910 3,424 Expected return on plan assets (15,087 ) (15,147 ) — — Amortization of prior service cost (credit) 54 154 (1,633 ) (1,634 ) Amortization of actuarial loss (gain) 9,464 7,573 — (214 ) Net periodic cost $ 5,813 $ 4,741 $ 1,549 $ 1,916 During the nine months ended September 30, 2015 , we contributed $3.2 million to our qualified pension plans. We do not expect to make additional contributions in 2015 . During the nine months ended September 30, 2015 , we made contributions of $0.3 million to our company-sponsored non-qualified pension plan, and we estimate contributions will total $0.4 million in 2015 . We do not anticipate funding our OPEB plans in 2015 except to pay benefit costs as incurred during the year by plan participants. During the three and nine months ended September 30, 2015 , $1.7 million and $5.1 million , respectively, of net periodic pension and OPEB costs were charged to "Cost of sales," and $0.8 million and $2.3 million , respectively, were charged to "Selling, general and administrative expenses" in the accompanying Consolidated Statements of Operations. During the three and nine months ended September 30, 2014 , $1.6 million and $4.9 million , respectively, of net periodic pension and OPEB costs were charged to "Cost of sales," and $0.6 million and $1.7 million , respectively, were charged to "Selling, general and administrative expenses" in the accompanying Consolidated Statements of Operations.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
Earnings per Common Share	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share Basic earnings per share are based on the weighted average number of shares of common stock outstanding. Diluted earnings per share are based upon the weighted average number of shares of common stock outstanding plus all potentially dilutive securities that were assumed to be converted into common shares at the beginning of the period under the treasury stock method. The following table reconciles the number of common shares used in calculating the basic and diluted net earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Basic average common shares outstanding 1 18,860,017 19,755,095 19,088,348 20,321,808 Incremental shares due to: Restricted stock units 89,727 88,262 78,147 81,304 Performance shares 140,851 256,303 117,543 255,509 Stock options — — 54 — Diluted average common shares outstanding 19,090,595 20,099,660 19,284,092 20,658,621 Basic net earnings per common share $ 1.22 $ 0.32 $ 2.33 $ 1.23 Diluted net earnings per common share 1.21 0.31 2.30 1.21 Anti-dilutive shares excluded from calculation 282,769 181,851 309,018 231,469 1 Basic average common shares outstanding include restricted stock awards that are fully vested, but are deferred for future issuance.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
Equity-Based Compensation	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	Equity-Based Compensation We recognize equity-based compensation expense for all equity-based payment awards made to employees and directors, including restricted stock units, or RSUs, performance shares and stock options, based on estimated fair values. EMPLOYEE AWARDS Employee equity-based compensation expense was recognized as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Restricted stock units $ 572 $ 593 $ 1,535 $ 1,625 Performance shares 1,182 1,473 3,225 4,028 Stock options 636 410 1,577 953 Total employee equity-based compensation $ 2,390 $ 2,476 $ 6,337 $ 6,606 As provided for in the Clearwater Paper Corporation 2008 Stock Incentive Plan, the performance measure used to determine the number of performance shares ultimately issued is a comparison of the percentile ranking of our total stockholder return compared to the total stockholder return of a selected peer group. The number of shares actually issued, as a percentage of the amount subject to the performance share award, could range from 0% - 200% . On December 31, 2014, the service and performance period for 137,775 outstanding performance shares granted in 2012 ended. Those performance shares were settled and distributed in the first quarter of 2015. The number of shares actually settled, as a percentage of the outstanding amount, was 106.9% . After adjusting for the related minimum tax withholdings, a net 97,921 shares were issued in the first quarter of 2015. The related minimum tax withholdings payment made during 2015 in connection with issued shares was $3.1 million . No restricted stock units vested and settled during the first nine months of 2015 . The following table summarizes the number of share-based awards granted under the Clearwater Paper Corporation 2008 Stock Incentive Plan during the nine months ended September 30, 2015 and the grant-date fair value of the awards: Nine Months Ended September 30, 2015 Number of Shares Subject to Award Average Fair Value of Award Per Share Restricted stock units 23,148 $ 62.02 Performance shares 47,513 62.05 Stock options 142,542 20.82 DIRECTOR AWARDS Annually, each outside member of our Board of Directors receives deferred equity-based awards that are measured in units of our common stock and ultimately settled in cash at the time of payment. Accordingly, the compensation expense associated with these awards is subject to fluctuations each quarter based on mark-to-market adjustments at each reporting period in line with changes in the market price of our common stock. As a result of the mark-to-market adjustment, we recorded benefits from director equity-based compensation of $1.9 million and $0.2 million for the three months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 , we recorded a benefit relating to our director equity-based compensation of $3.8 million , compared to compensation expense of $2.6 million for the same period in 2014. As of September 30, 2015 , the liability amount associated with director equity-based compensation included in "Other long-term obligations" on the accompanying Consolidated Balance Sheet was $9.7 million . At December 31, 2014 , liability amounts associated with director equity-based compensation included in "Other long-term obligations" and "Accounts payable and accrued liabilities" totaled $13.5 million and $1.4 million , respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The estimated fair values of our financial instruments at the dates presented below are as follows: September 30, December 31, 2015 2014 Carrying Fair Carrying Fair (In thousands) Amount Value Amount Value Cash, restricted cash and short-term investments (Level 1) $ 25,687 $ 25,687 $ 81,101 $ 81,101 Long-term debt (Level 1) 575,000 549,500 575,000 558,000 Accounting guidance establishes a framework for measuring the fair value of financial instruments, providing a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities, or “Level 1” measurements, followed by quoted prices of similar assets or observable market data, or “Level 2” measurements, and the lowest priority to unobservable inputs, or “Level 3” measurements. The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used should seek to maximize the use of observable inputs and minimize the use of unobservable inputs.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The table below presents information about our reportable segments: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Segment net sales: Consumer Products $ 247,039 $ 306,104 $ 721,606 $ 891,742 Pulp and Paperboard 195,183 205,038 599,200 603,079 Total segment net sales $ 442,222 $ 511,142 $ 1,320,806 $ 1,494,821 Operating income (loss): Consumer Products $ 15,521 $ 12,535 $ 44,948 $ 24,717 Pulp and Paperboard 37,446 45,602 81,394 116,013 52,967 58,137 126,342 140,730 Corporate (12,921 ) (14,159 ) (38,986 ) (43,151 ) Income from operations $ 40,046 $ 43,978 $ 87,356 $ 97,579 Depreciation and amortization: Consumer Products $ 14,048 $ 15,484 $ 40,463 $ 46,045 Pulp and Paperboard 6,535 5,939 20,583 18,228 Corporate 621 870 1,798 2,266 Total depreciation and amortization $ 21,204 $ 22,293 $ 62,844 $ 66,539

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information	9 Months Ended
Supplemental Guarantor Financial Information	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Financial Information	Supplemental Guarantor Financial Information All of our direct and indirect subsidiaries guarantee the 2014 Notes and the 2013 Notes on a joint and several basis. There are no significant restrictions on the ability of the guarantor subsidiaries to make distributions to Clearwater Paper, the issuer of the 2014 Notes and 2013 Notes. The following tables present the results of operations, financial position and cash flows of Clearwater Paper and its subsidiaries, the guarantor and non-guarantor entities, and the eliminations necessary to arrive at the information for Clearwater Paper on a consolidated basis. Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended September 30, 2015 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiary Eliminations Total Net sales $ 450,055 $ 77,261 $ — $ (85,094 ) $ 442,222 Cost and expenses: Cost of sales (393,237 ) (65,749 ) — 85,094 (373,892 ) Selling, general and administrative expenses (25,130 ) (3,154 ) — — (28,284 ) Total operating costs and expenses (418,367 ) (68,903 ) — 85,094 (402,176 ) Income from operations 31,688 8,358 — — 40,046 Interest expense, net (7,847 ) (35 ) — — (7,882 ) Earnings before income taxes 23,841 8,323 — — 32,164 Income tax (provision) benefit (4,616 ) 153 — (4,637 ) (9,100 ) Equity in income of subsidiary 8,476 — — (8,476 ) — Net earnings $ 27,701 $ 8,476 $ — $ (13,113 ) $ 23,064 Other comprehensive income, net of tax 1,601 — — — 1,601 Comprehensive income $ 29,302 $ 8,476 $ — $ (13,113 ) $ 24,665 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Nine Months Ended September 30, 2015 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ 1,246,886 $ 220,860 $ — $ (146,940 ) $ 1,320,806 Cost and expenses: Cost of sales (1,086,997 ) (208,014 ) — 146,940 (1,148,071 ) Selling, general and administrative expenses (75,349 ) (10,030 ) — — (85,379 ) Total operating costs and expenses (1,162,346 ) (218,044 ) — 146,940 (1,233,450 ) Income from operations 84,540 2,816 — — 87,356 Interest expense, net (23,329 ) (109 ) — — (23,438 ) Earnings before income taxes 61,211 2,707 — — 63,918 Income tax provision (17,525 ) (1,030 ) — (945 ) (19,500 ) Equity in income of subsidiary 1,677 — — (1,677 ) — Net earnings $ 45,363 $ 1,677 $ — $ (2,622 ) $ 44,418 Other comprehensive income, net of tax 4,802 — — — 4,802 Comprehensive income $ 50,165 $ 1,677 $ — $ (2,622 ) $ 49,220 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended September 30, 2014 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiary Eliminations Total Net sales $ 415,175 $ 132,797 $ 14,429 $ (51,259 ) $ 511,142 Cost and expenses: Cost of sales (345,825 ) (126,547 ) (13,344 ) 51,259 (434,457 ) Selling, general and administrative expenses (26,136 ) (5,343 ) (338 ) — (31,817 ) Impairment of assets — (890 ) — — (890 ) Total operating costs and expenses (371,961 ) (132,780 ) (13,682 ) 51,259 (467,164 ) Income from operations 43,214 17 747 — 43,978 Interest expense, net (9,565 ) (5 ) — — (9,570 ) Debt retirement costs (24,420 ) — — — (24,420 ) Earnings before income taxes 9,229 12 747 — 9,988 Income tax (provision) benefit (5,489 ) 90 (189 ) 1,853 (3,735 ) Equity in income of subsidiary 660 558 — (1,218 ) — Net earnings $ 4,400 $ 660 $ 558 $ 635 $ 6,253 Other comprehensive income, net of tax 1,201 — — — 1,201 Comprehensive income $ 5,601 $ 660 $ 558 $ 635 $ 7,454 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Nine Months Ended September 30, 2014 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ 1,201,662 $ 405,442 $ 41,493 $ (153,776 ) $ 1,494,821 Cost and expenses: Cost of sales (1,006,119 ) (403,750 ) (39,104 ) 153,776 (1,295,197 ) Selling, general and administrative expenses (79,702 ) (16,180 ) (1,014 ) — (96,896 ) Impairment of assets — (5,149 ) — — (5,149 ) Total operating costs and expenses (1,085,821 ) (425,079 ) (40,118 ) 153,776 (1,397,242 ) Income (loss) from operations 115,841 (19,637 ) 1,375 — 97,579 Interest expense, net (30,969 ) (23 ) — — (30,992 ) Debt retirement costs (24,420 ) — — — (24,420 ) Earnings (loss) before income taxes 60,452 (19,660 ) 1,375 — 42,167 Income tax (provision) benefit (26,238 ) 3,787 (373 ) 5,589 (17,235 ) Equity in (loss) income of subsidiary (14,871 ) 1,002 — 13,869 — Net earnings (loss) $ 19,343 $ (14,871 ) $ 1,002 $ 19,458 $ 24,932 Other comprehensive income, net of tax 3,605 — — — 3,605 Comprehensive income (loss) $ 22,948 $ (14,871 ) $ 1,002 $ 19,458 $ 28,537 Clearwater Paper Corporation Consolidating Balance Sheet At September 30, 2015 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total ASSETS Current assets: Cash $ 13,417 $ — $ — $ — $ 13,417 Restricted cash 2,270 — — — 2,270 Short-term investments 10,000 — — — 10,000 Receivables, net 134,412 19,445 — — 153,857 Inventories 222,965 38,718 — — 261,683 Deferred tax assets 17,921 2,666 — (257 ) 20,330 Prepaid expenses 6,247 516 — — 6,763 Total current assets 407,232 61,345 — (257 ) 468,320 Property, plant and equipment, net 691,086 145,672 — — 836,758 Goodwill 209,087 — — — 209,087 Intangible assets, net 4,440 16,791 — — 21,231 Intercompany receivable (payable) 25,121 (25,378 ) — 257 — Investment in subsidiary 138,959 — — (138,959 ) — Pension assets 8,743 — — — 8,743 Other assets, net 6,398 996 — — 7,394 TOTAL ASSETS $ 1,491,066 $ 199,426 $ — $ (138,959 ) $ 1,551,533 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 221,191 $ 23,762 $ — $ — $ 244,953 Current liability for pensions and other postretirement employee benefits 7,915 — — — 7,915 Total current liabilities 229,106 23,762 — — 252,868 Long-term debt 575,000 — — — 575,000 Liability for pensions and other postretirement employee benefits 113,531 — — — 113,531 Other long-term obligations 47,068 628 — — 47,696 Accrued taxes 776 797 — — 1,573 Deferred tax liabilities 65,604 35,280 — — 100,884 Accumulated other comprehensive loss, net of tax (66,061 ) — — — (66,061 ) Stockholders’ equity excluding accumulated other comprehensive loss 526,042 138,959 — (138,959 ) 526,042 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,491,066 $ 199,426 $ — $ (138,959 ) $ 1,551,533 Clearwater Paper Corporation Consolidating Balance Sheet At December 31, 2014 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total ASSETS Current assets: Cash $ 27,331 $ — $ — $ — $ 27,331 Restricted cash 1,500 — — — 1,500 Short-term investments 50,000 — — — 50,000 Receivables, net 117,970 16,557 — (613 ) 133,914 Taxes receivable 6,760 (15,758 ) — 10,253 1,255 Inventories 246,210 40,416 — — 286,626 Deferred tax assets 14,733 5,206 — 1,821 21,760 Prepaid expenses 3,734 457 — — 4,191 Total current assets 468,238 46,878 — 11,461 526,577 Property, plant and equipment, net 657,369 153,618 — — 810,987 Goodwill 209,087 — — — 209,087 Intangible assets, net 5,224 19,732 — — 24,956 Intercompany receivable (payable) 33,703 (21,629 ) — (12,074 ) — Investment in subsidiary 137,282 — — (137,282 ) — Pension assets 4,738 — — — 4,738 Other assets, net 8,496 1,087 — — 9,583 TOTAL ASSETS $ 1,524,137 $ 199,686 $ — $ (137,895 ) $ 1,585,928 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 193,326 $ 23,113 $ — $ (613 ) $ 215,826 Current liability for pensions and other postretirement employee benefits 7,915 — — — 7,915 Total current liabilities 201,241 23,113 — (613 ) 223,741 Long-term debt 575,000 — — — 575,000 Liability for pensions and other postretirement employee benefits 118,464 — — — 118,464 Other long-term obligations 56,029 827 — — 56,856 Accrued taxes 1,902 794 — — 2,696 Deferred tax liabilities 73,964 37,670 — — 111,634 Accumulated other comprehensive loss, net of tax (70,863 ) — — — (70,863 ) Stockholders’ equity excluding accumulated other comprehensive loss 568,400 137,282 — (137,282 ) 568,400 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,524,137 $ 199,686 $ — $ (137,895 ) $ 1,585,928 Clearwater Paper Corporation Consolidating Statement of Cash Flows Nine Months Ended September 30, 2015 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 45,363 $ 1,677 $ — $ (2,622 ) $ 44,418 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 47,854 14,990 — — 62,844 Equity-based compensation expense 2,495 — — — 2,495 Deferred tax (benefit) provision (14,631 ) 150 — 2,078 (12,403 ) Employee benefit plans 2,122 — — — 2,122 Deferred issuance costs and discounts on long-term debt 714 — — — 714 Disposal of plant and equipment, net 1,203 (94 ) — — 1,109 Non-cash adjustments to unrecognized taxes (1,126 ) 3 — — (1,123 ) Changes in working capital, net 15,656 (185 ) — — 15,471 Changes in taxes receivable, net 6,760 (15,758 ) — 10,253 1,255 Excess tax benefits from equity-based payment arrangements (3,848 ) — — — (3,848 ) Funding of qualified pension plans (3,179 ) — — — (3,179 ) Other, net (1,261 ) (1,059 ) — — (2,320 ) Net cash flows from operating activities 98,122 (276 ) — 9,709 107,555 CASH FLOWS FROM INVESTING ACTIVITIES Changes in short-term investments, net 40,000 — — — 40,000 Additions to plant and equipment (74,002 ) (4,459 ) — — (78,461 ) Proceeds from sale of assets — 587 — — 587 Net cash flows from investing activities (34,002 ) (3,872 ) — — (37,874 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (84,305 ) — — — (84,305 ) Investment from parent 5,561 4,148 — (9,709 ) — Payment of tax withholdings on equity- based payment arrangements (3,129 ) — — — (3,129 ) Excess tax benefits from equity-based payment arrangements 3,848 — — — 3,848 Other, net (9 ) — — — (9 ) Net cash flows from financing activities (78,034 ) 4,148 — (9,709 ) (83,595 ) Decrease in cash (13,914 ) — — — (13,914 ) Cash at beginning of period 27,331 — — — 27,331 Cash at end of period $ 13,417 $ — $ — $ — $ 13,417 Clearwater Paper Corporation Consolidating Statement of Cash Flows Nine Months Ended September 30, 2014 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings (loss) $ 19,343 $ (14,871 ) $ 1,002 $ 19,458 $ 24,932 Adjustments to reconcile net earnings (loss) to net cash flows from operating activities: Depreciation and amortization 43,388 21,416 1,735 — 66,539 Equity-based compensation expense 9,201 — — — 9,201 Impairment of assets — 5,149 — — 5,149 Deferred tax provision (benefit) 31,563 (6,516 ) (32 ) (12,120 ) 12,895 Employee benefit plans 1,603 — — — 1,603 Deferred issuance costs and discounts on long-term debt 5,864 — — — 5,864 Disposal of plant and equipment, net 462 285 — — 747 Non-cash adjustments to unrecognized taxes 220 (60 ) (11 ) — 149 Changes in working capital, net (15,079 ) 4,464 (2,575 ) — (13,190 ) Changes in taxes receivable, net 2,493 (12,730 ) 99 18,032 7,894 Excess tax benefit from equity-based payment arrangements (1,508 ) — — — (1,508 ) Funding of qualified pension plans (15,957 ) — — — (15,957 ) Other, net (1,947 ) (440 ) — — (2,387 ) Net cash flows from operating activities 79,646 (3,303 ) 218 25,370 101,931 CASH FLOWS FROM INVESTING ACTIVITIES Changes in short-term investments, net 70,000 — — — 70,000 Additions to plant and equipment (42,478 ) (11,330 ) (221 ) — (54,029 ) Proceeds from sale of assets 38 695 — — 733 Net cash flows from investing activities 27,560 (10,635 ) (221 ) — 16,704 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term debt 300,000 — — — 300,000 Repayment of long-term debt (375,000 ) — — — (375,000 ) Purchase of treasury stock (100,000 ) — — — (100,000 ) Investment from (to) parent 14,482 13,938 (3,050 ) (25,370 ) — Change in short-term borrowings, net 47,047 — — — 47,047 Payments for long-term debt issuance costs (2,995 ) — — — (2,995 ) Payment of tax withholdings on equity- based payment arrangements (792 ) — — — (792 ) Excess tax benefit from equity-based payment arrangements 1,508 — — — 1,508 Other, net 1,500 — — — 1,500 Net cash flows from financing activities (114,250 ) 13,938 (3,050 ) (25,370 ) (128,732 ) Decrease in cash (7,044 ) — (3,053 ) — (10,097 ) Cash at beginning of period 18,273 — 5,402 — 23,675 Cash at end of period $ 11,229 $ — $ 2,349 $ — $ 13,578

Nature of Operations and Basi23

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
Nature of Operations and Basis of Presentation (Policies)	Sep. 30, 2015
Accounting Policies [Abstract]
SIGNIFICANT ESTIMATES	SIGNIFICANT ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Significant areas requiring the use of estimates and measurement of uncertainty include determination of net realizable value for deferred tax assets, uncertain tax positions, assessment of impairment of long-lived assets, goodwill and intangibles, assessment of environmental matters, equity-based compensation and pension and postretirement obligation assumptions. Actual results could differ from those estimates and assumptions.
RESTRICTED CASH AND SHORT-TERM INVESTMENTS	SHORT-TERM INVESTMENTS AND RESTRICTED CASH Our short-term investments are invested primarily in demand deposits, which have very short maturity periods, and therefore earn an interest rate commensurate with low-risk instruments. We do not attempt to hedge our exposure to interest rate risk for our short-term investments. Our restricted cash in which the underlying instrument has a term of greater than twelve months from the balance sheet date is classified as non-current and is included in “Other assets, net” on our Consolidated Balance Sheet. As of September 30, 2015 , we had $2.3 million classified as current on our Consolidated Balance Sheet. As of December 31, 2014 , we had $1.5 million of restricted cash classified as current and $2.3 million of restricted cash classified as non-current and included in "Other assets, net" on our Consolidated Balance Sheets.
TRADE ACCOUNTS RECEIVABLE	TRADE ACCOUNTS RECEIVABLE Trade accounts receivable are stated at the amount we expect to collect. Trade accounts receivable do not bear interest. The allowance for doubtful accounts is our best estimate of the losses we expect will result from the inability of our customers to make required payments. We generally determine the allowance based on a combination of actual historical write-off experience and an analysis of specific customer accounts. As of September 30, 2015 and December 31, 2014 , we had allowances for doubtful accounts of $1.6 million and $1.4 million , respectively.
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, including any interest costs capitalized, less accumulated depreciation. Depreciation of buildings, equipment and other depreciable assets is determined using the straight-line method. Assets we acquire through business combinations have estimated lives that are typically shorter than the assets we construct or buy new. Accumulated depreciation totaled $1,503.7 million and $1,450.1 million at September 30, 2015 and December 31, 2014 , respectively. Consistent with authoritative guidance, we assess the carrying amount of long-lived assets with definite lives that are held-for-use and evaluate them for recoverability whenever events or changes in circumstances indicate that we may be unable to recover the carrying amount of the assets. During the first quarter of 2014, we permanently closed our Long Island tissue converting and distribution facility. As a result of this closure, we considered an outside third party's appraisal in assessing the recoverability of the facility's long-lived plant and equipment based on available market data for comparable assets sold through private party transactions. Based on this assessment, we determined the carrying amounts of certain long-lived plant and equipment related to the Long Island facility exceeded their fair value. As a result, we recorded a $3.8 million non-cash impairment charge to our accompanying Consolidated Statement of Operations for the nine months ended September 30, 2014 . There were no other such events or changes in circumstances that impacted our remaining long-lived assets.
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY On December 15, 2014, we announced that our Board of Directors had approved a new stock repurchase program authorizing the repurchase of up to $100 million of our common stock. The repurchase program authorized purchases of our common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated stock repurchases and 10b5-1 trading plans in accordance with applicable securities laws and other restrictions. In total, we repurchased 1,750,808 shares of our outstanding common stock as of September 30, 2015 , pursuant to this repurchase program, of which 1,151,313 shares were repurchased during the third quarter of 2015 at an average price of $49.23 per share. Included in our third quarter 2015 repurchases were 201,300 shares of our outstanding common stock with an average price of $47.33 per share for which payment had not been made nor had the repurchased shares settled as of the end of the quarter. As a result, our treasury stock repurchases reported in our September 30, 2015 Consolidated Statement of Cash Flows differs from our total repurchases during the year to the extent that these repurchases had not been paid and settled at the end of the quarter. As of September 30, 2015 , we had up to $6.2 million of authorization remaining pursuant to this stock repurchase program. Subsequent to the close of our third quarter ended September 30, 2015 , we repurchased an additional 131,113 shares of our outstanding common stock at an average price of $46.97 per share, which completed the remainder of this repurchase program. On February 5, 2014, we announced that our Board of Directors had approved a stock repurchase program authorizing the repurchase of up to $100 million of our common stock. We completed that program during the third quarter of 2014. In total, we repurchased 1,574,748 shares of our outstanding common stock at an average price of $63.50 per share under that program.
DERIVATIVES	DERIVATIVES We had no activity during the nine months ended September 30, 2015 and 2014 that required hedge or derivative accounting treatment. However, to help mitigate our exposure to market risk for changes in utility commodity pricing, we use firm price contracts to supply a portion of the natural gas requirements for our manufacturing facilities. As of September 30, 2015 , these contracts covered approximately 51% of our expected average monthly natural gas requirements for the remainder of 2015, plus lesser amounts for 2016. Historically, these contracts have qualified for treatment as “normal purchases or normal sales” under authoritative guidance and thus required no mark-to-market adjustment.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Pulp, paperboard and tissue products $ 163,314 $ 188,760 Materials and supplies 79,421 74,916 Logs, pulpwood, chips and sawdust 18,948 22,950 $ 261,683 $ 286,626

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
Intangible Assets (Tables)	Sep. 30, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets	Intangible assets at the balance sheet dates are comprised of the following: September 30, 2015 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.0 $ 41,001 $ (21,639 ) $ 19,362 Trade names and trademarks 10.0 3,286 (1,561 ) 1,725 Non-compete agreements 5.0 574 (430 ) 144 $ 44,861 $ (23,630 ) $ 21,231 December 31, 2014 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.0 $ 41,001 $ (18,223 ) $ 22,778 Trade names and trademarks 10.0 3,286 (1,314 ) 1,972 Non-compete agreements 5.0 1,189 (983 ) 206 $ 45,476 $ (20,520 ) $ 24,956

Taxes (Tables)

Taxes (Tables)	9 Months Ended
Taxes (Tables)	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the three and nine months ended September 30, 2015 and 2014 , the effective tax rates attributable to continuing operations were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % 35.0 % State taxes, net of credits 3.3 (0.3 ) 3.3 (0.3 ) Change in valuation allowances (6.8 ) 2.6 (3.2 ) 2.6 Federal manufacturing deduction (3.5 ) (1.4 ) (3.5 ) (1.4 ) Settlement of uncertain tax positions — (0.8 ) — (0.2 ) Change in uncertain tax positions (0.5 ) 1.9 (1.8 ) 0.5 Interest accrued on uncertain tax positions — 0.2 — 0.1 Federal credits and audit adjustments (0.5 ) 0.5 (0.5 ) (0.8 ) State rate adjustments (0.2 ) (0.5 ) (0.1 ) 2.3 Return to provision adjustments (0.4 ) (0.1 ) (0.2 ) 3.2 Other 1.9 0.3 1.5 (0.1 ) Effective tax rate 28.3 % 37.4 % 30.5 % 40.9 %

Accounts Payable and Accrued 27

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
Accounts Payable and Accrued Liabilities (Tables)	Sep. 30, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Trade accounts payable $ 143,734 $ 122,856 Accrued wages, salaries and employee benefits 41,467 41,880 Income taxes payable 11,323 — Unsettled repurchases of common stock 9,527 — Accrued discounts and allowances 8,801 10,026 Accrued taxes other than income taxes payable 7,572 5,622 Accrued utilities 5,967 6,959 Accrued interest 4,931 12,173 Other 11,631 16,310 $ 244,953 $ 215,826

Other Long-Term Obligations (Ta

Other Long-Term Obligations (Tables)	9 Months Ended
Other Long-Term Obligations (Tables)	Sep. 30, 2015
Other Liabilities, Noncurrent [Abstract]
Other Long-Term Obligations	Other long-term obligations at the balance sheet dates consist of: (In thousands) September 30, 2015 December 31, 2014 Long-term lease obligations, net of current portion $ 24,253 $ 24,805 Deferred proceeds 10,921 12,360 Deferred compensation 10,134 14,609 Other 2,388 5,082 $ 47,696 $ 56,856

Reclassification out of Accum29

Reclassification out of Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Accumulated other comprehensive loss, net of tax, is comprised of the following: (In thousands) Foreign Currency Translation Adjustments 1 Pension and Other Post Retirement Employee Benefit Plan Adjustments Total Balance at December 31, 2014 $ — $ (70,863 ) $ (70,863 ) Other comprehensive income, net of tax 2 — 4,802 4,802 Balance at September 30, 2015 $ — $ (66,061 ) $ (66,061 ) (In thousands) Foreign Currency Translation Adjustments 1 Pension and Other Post Retirement Employee Benefit Plan Adjustments Total Balance at December 31, 2013 $ (874 ) $ (57,219 ) $ (58,093 ) Other comprehensive income, net of tax 2 — 3,605 3,605 Balance at September 30, 2014 $ (874 ) $ (53,614 ) $ (54,488 ) 1 This balance consists of unrealized foreign currency translation adjustments related to the operations of our former Canadian subsidiary before its functional currency was changed from Canadian dollars to U.S. dollars in 2012. As a result of the divestiture of the specialty business and mills, this balance was written off in the fourth quarter of 2014. 2 For the nine months ended September 30, 2015 and 2014 , net periodic costs associated with our pension and other postretirement employee benefit, or OPEB, plans included in other comprehensive income and reclassified from accumulated other comprehensive loss included $9.5 million and $7.4 million , respectively, of actuarial loss amortization, as well as $1.6 million and $1.5 million , respectively, of prior service credit amortization, all net of tax totaling $3.1 million and $2.3 million , respectively. These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs in Note 10, “Pension and Other Postretirement Employee Benefit Plans.”

Pension and Other Postretirem30

Pension and Other Postretirement Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Cost of Pension and Other Postretirement Employee Benefit Plans	The following table details the components of net periodic cost of our company-sponsored pension and OPEB plans for the periods presented: Three Months Ended September 30, (In thousands) 2015 2014 2015 2014 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 311 $ 347 $ 91 $ 114 Interest cost 3,483 3,707 970 1,142 Expected return on plan assets (5,029 ) (5,049 ) — — Amortization of prior service cost (credit) 18 51 (545 ) (545 ) Amortization of actuarial loss (gain) 3,155 2,524 — (72 ) Net periodic cost $ 1,938 $ 1,580 $ 516 $ 639 Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 934 $ 1,042 $ 272 $ 340 Interest cost 10,448 11,119 2,910 3,424 Expected return on plan assets (15,087 ) (15,147 ) — — Amortization of prior service cost (credit) 54 154 (1,633 ) (1,634 ) Amortization of actuarial loss (gain) 9,464 7,573 — (214 ) Net periodic cost $ 5,813 $ 4,741 $ 1,549 $ 1,916

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
Earnings per Common Share (Tables)	Sep. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted Net Earnings per Share	The following table reconciles the number of common shares used in calculating the basic and diluted net earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Basic average common shares outstanding 1 18,860,017 19,755,095 19,088,348 20,321,808 Incremental shares due to: Restricted stock units 89,727 88,262 78,147 81,304 Performance shares 140,851 256,303 117,543 255,509 Stock options — — 54 — Diluted average common shares outstanding 19,090,595 20,099,660 19,284,092 20,658,621 Basic net earnings per common share $ 1.22 $ 0.32 $ 2.33 $ 1.23 Diluted net earnings per common share 1.21 0.31 2.30 1.21 Anti-dilutive shares excluded from calculation 282,769 181,851 309,018 231,469 1 Basic average common shares outstanding include restricted stock awards that are fully vested, but are deferred for future issuance.

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
Equity-Based Compensation (Tables)	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Equity-Based Compensation Expense	Employee equity-based compensation expense was recognized as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Restricted stock units $ 572 $ 593 $ 1,535 $ 1,625 Performance shares 1,182 1,473 3,225 4,028 Stock options 636 410 1,577 953 Total employee equity-based compensation $ 2,390 $ 2,476 $ 6,337 $ 6,606
Summary of Number of Share-Based Awards Granted	The following table summarizes the number of share-based awards granted under the Clearwater Paper Corporation 2008 Stock Incentive Plan during the nine months ended September 30, 2015 and the grant-date fair value of the awards: Nine Months Ended September 30, 2015 Number of Shares Subject to Award Average Fair Value of Award Per Share Restricted stock units 23,148 $ 62.02 Performance shares 47,513 62.05 Stock options 142,542 20.82

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Estimated Fair Values of Financial Instruments	The estimated fair values of our financial instruments at the dates presented below are as follows: September 30, December 31, 2015 2014 Carrying Fair Carrying Fair (In thousands) Amount Value Amount Value Cash, restricted cash and short-term investments (Level 1) $ 25,687 $ 25,687 $ 81,101 $ 81,101 Long-term debt (Level 1) 575,000 549,500 575,000 558,000

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2015
Segment Reporting [Abstract]
Reportable Segments Information	The table below presents information about our reportable segments: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2015 2014 2015 2014 Segment net sales: Consumer Products $ 247,039 $ 306,104 $ 721,606 $ 891,742 Pulp and Paperboard 195,183 205,038 599,200 603,079 Total segment net sales $ 442,222 $ 511,142 $ 1,320,806 $ 1,494,821 Operating income (loss): Consumer Products $ 15,521 $ 12,535 $ 44,948 $ 24,717 Pulp and Paperboard 37,446 45,602 81,394 116,013 52,967 58,137 126,342 140,730 Corporate (12,921 ) (14,159 ) (38,986 ) (43,151 ) Income from operations $ 40,046 $ 43,978 $ 87,356 $ 97,579 Depreciation and amortization: Consumer Products $ 14,048 $ 15,484 $ 40,463 $ 46,045 Pulp and Paperboard 6,535 5,939 20,583 18,228 Corporate 621 870 1,798 2,266 Total depreciation and amortization $ 21,204 $ 22,293 $ 62,844 $ 66,539

Supplemental Guarantor Financ35

Supplemental Guarantor Financial Information (Tables)	9 Months Ended
Supplemental Guarantor Financial Information (Tables)	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)	Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended September 30, 2015 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiary Eliminations Total Net sales $ 450,055 $ 77,261 $ — $ (85,094 ) $ 442,222 Cost and expenses: Cost of sales (393,237 ) (65,749 ) — 85,094 (373,892 ) Selling, general and administrative expenses (25,130 ) (3,154 ) — — (28,284 ) Total operating costs and expenses (418,367 ) (68,903 ) — 85,094 (402,176 ) Income from operations 31,688 8,358 — — 40,046 Interest expense, net (7,847 ) (35 ) — — (7,882 ) Earnings before income taxes 23,841 8,323 — — 32,164 Income tax (provision) benefit (4,616 ) 153 — (4,637 ) (9,100 ) Equity in income of subsidiary 8,476 — — (8,476 ) — Net earnings $ 27,701 $ 8,476 $ — $ (13,113 ) $ 23,064 Other comprehensive income, net of tax 1,601 — — — 1,601 Comprehensive income $ 29,302 $ 8,476 $ — $ (13,113 ) $ 24,665 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Nine Months Ended September 30, 2015 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ 1,246,886 $ 220,860 $ — $ (146,940 ) $ 1,320,806 Cost and expenses: Cost of sales (1,086,997 ) (208,014 ) — 146,940 (1,148,071 ) Selling, general and administrative expenses (75,349 ) (10,030 ) — — (85,379 ) Total operating costs and expenses (1,162,346 ) (218,044 ) — 146,940 (1,233,450 ) Income from operations 84,540 2,816 — — 87,356 Interest expense, net (23,329 ) (109 ) — — (23,438 ) Earnings before income taxes 61,211 2,707 — — 63,918 Income tax provision (17,525 ) (1,030 ) — (945 ) (19,500 ) Equity in income of subsidiary 1,677 — — (1,677 ) — Net earnings $ 45,363 $ 1,677 $ — $ (2,622 ) $ 44,418 Other comprehensive income, net of tax 4,802 — — — 4,802 Comprehensive income $ 50,165 $ 1,677 $ — $ (2,622 ) $ 49,220 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended September 30, 2014 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiary Eliminations Total Net sales $ 415,175 $ 132,797 $ 14,429 $ (51,259 ) $ 511,142 Cost and expenses: Cost of sales (345,825 ) (126,547 ) (13,344 ) 51,259 (434,457 ) Selling, general and administrative expenses (26,136 ) (5,343 ) (338 ) — (31,817 ) Impairment of assets — (890 ) — — (890 ) Total operating costs and expenses (371,961 ) (132,780 ) (13,682 ) 51,259 (467,164 ) Income from operations 43,214 17 747 — 43,978 Interest expense, net (9,565 ) (5 ) — — (9,570 ) Debt retirement costs (24,420 ) — — — (24,420 ) Earnings before income taxes 9,229 12 747 — 9,988 Income tax (provision) benefit (5,489 ) 90 (189 ) 1,853 (3,735 ) Equity in income of subsidiary 660 558 — (1,218 ) — Net earnings $ 4,400 $ 660 $ 558 $ 635 $ 6,253 Other comprehensive income, net of tax 1,201 — — — 1,201 Comprehensive income $ 5,601 $ 660 $ 558 $ 635 $ 7,454 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income (Loss) Nine Months Ended September 30, 2014 Guarantor Non-Guarantor (In thousands) Issuer Subsidiaries Subsidiaries Eliminations Total Net sales $ 1,201,662 $ 405,442 $ 41,493 $ (153,776 ) $ 1,494,821 Cost and expenses: Cost of sales (1,006,119 ) (403,750 ) (39,104 ) 153,776 (1,295,197 ) Selling, general and administrative expenses (79,702 ) (16,180 ) (1,014 ) — (96,896 ) Impairment of assets — (5,149 ) — — (5,149 ) Total operating costs and expenses (1,085,821 ) (425,079 ) (40,118 ) 153,776 (1,397,242 ) Income (loss) from operations 115,841 (19,637 ) 1,375 — 97,579 Interest expense, net (30,969 ) (23 ) — — (30,992 ) Debt retirement costs (24,420 ) — — — (24,420 ) Earnings (loss) before income taxes 60,452 (19,660 ) 1,375 — 42,167 Income tax (provision) benefit (26,238 ) 3,787 (373 ) 5,589 (17,235 ) Equity in (loss) income of subsidiary (14,871 ) 1,002 — 13,869 — Net earnings (loss) $ 19,343 $ (14,871 ) $ 1,002 $ 19,458 $ 24,932 Other comprehensive income, net of tax 3,605 — — — 3,605 Comprehensive income (loss) $ 22,948 $ (14,871 ) $ 1,002 $ 19,458 $ 28,537
Condensed Consolidating Balance Sheet	Clearwater Paper Corporation Consolidating Balance Sheet At September 30, 2015 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total ASSETS Current assets: Cash $ 13,417 $ — $ — $ — $ 13,417 Restricted cash 2,270 — — — 2,270 Short-term investments 10,000 — — — 10,000 Receivables, net 134,412 19,445 — — 153,857 Inventories 222,965 38,718 — — 261,683 Deferred tax assets 17,921 2,666 — (257 ) 20,330 Prepaid expenses 6,247 516 — — 6,763 Total current assets 407,232 61,345 — (257 ) 468,320 Property, plant and equipment, net 691,086 145,672 — — 836,758 Goodwill 209,087 — — — 209,087 Intangible assets, net 4,440 16,791 — — 21,231 Intercompany receivable (payable) 25,121 (25,378 ) — 257 — Investment in subsidiary 138,959 — — (138,959 ) — Pension assets 8,743 — — — 8,743 Other assets, net 6,398 996 — — 7,394 TOTAL ASSETS $ 1,491,066 $ 199,426 $ — $ (138,959 ) $ 1,551,533 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 221,191 $ 23,762 $ — $ — $ 244,953 Current liability for pensions and other postretirement employee benefits 7,915 — — — 7,915 Total current liabilities 229,106 23,762 — — 252,868 Long-term debt 575,000 — — — 575,000 Liability for pensions and other postretirement employee benefits 113,531 — — — 113,531 Other long-term obligations 47,068 628 — — 47,696 Accrued taxes 776 797 — — 1,573 Deferred tax liabilities 65,604 35,280 — — 100,884 Accumulated other comprehensive loss, net of tax (66,061 ) — — — (66,061 ) Stockholders’ equity excluding accumulated other comprehensive loss 526,042 138,959 — (138,959 ) 526,042 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,491,066 $ 199,426 $ — $ (138,959 ) $ 1,551,533 Clearwater Paper Corporation Consolidating Balance Sheet At December 31, 2014 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total ASSETS Current assets: Cash $ 27,331 $ — $ — $ — $ 27,331 Restricted cash 1,500 — — — 1,500 Short-term investments 50,000 — — — 50,000 Receivables, net 117,970 16,557 — (613 ) 133,914 Taxes receivable 6,760 (15,758 ) — 10,253 1,255 Inventories 246,210 40,416 — — 286,626 Deferred tax assets 14,733 5,206 — 1,821 21,760 Prepaid expenses 3,734 457 — — 4,191 Total current assets 468,238 46,878 — 11,461 526,577 Property, plant and equipment, net 657,369 153,618 — — 810,987 Goodwill 209,087 — — — 209,087 Intangible assets, net 5,224 19,732 — — 24,956 Intercompany receivable (payable) 33,703 (21,629 ) — (12,074 ) — Investment in subsidiary 137,282 — — (137,282 ) — Pension assets 4,738 — — — 4,738 Other assets, net 8,496 1,087 — — 9,583 TOTAL ASSETS $ 1,524,137 $ 199,686 $ — $ (137,895 ) $ 1,585,928 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued liabilities $ 193,326 $ 23,113 $ — $ (613 ) $ 215,826 Current liability for pensions and other postretirement employee benefits 7,915 — — — 7,915 Total current liabilities 201,241 23,113 — (613 ) 223,741 Long-term debt 575,000 — — — 575,000 Liability for pensions and other postretirement employee benefits 118,464 — — — 118,464 Other long-term obligations 56,029 827 — — 56,856 Accrued taxes 1,902 794 — — 2,696 Deferred tax liabilities 73,964 37,670 — — 111,634 Accumulated other comprehensive loss, net of tax (70,863 ) — — — (70,863 ) Stockholders’ equity excluding accumulated other comprehensive loss 568,400 137,282 — (137,282 ) 568,400 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,524,137 $ 199,686 $ — $ (137,895 ) $ 1,585,928
Condensed Consolidating Statement of Cash Flows	Clearwater Paper Corporation Consolidating Statement of Cash Flows Nine Months Ended September 30, 2015 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 45,363 $ 1,677 $ — $ (2,622 ) $ 44,418 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 47,854 14,990 — — 62,844 Equity-based compensation expense 2,495 — — — 2,495 Deferred tax (benefit) provision (14,631 ) 150 — 2,078 (12,403 ) Employee benefit plans 2,122 — — — 2,122 Deferred issuance costs and discounts on long-term debt 714 — — — 714 Disposal of plant and equipment, net 1,203 (94 ) — — 1,109 Non-cash adjustments to unrecognized taxes (1,126 ) 3 — — (1,123 ) Changes in working capital, net 15,656 (185 ) — — 15,471 Changes in taxes receivable, net 6,760 (15,758 ) — 10,253 1,255 Excess tax benefits from equity-based payment arrangements (3,848 ) — — — (3,848 ) Funding of qualified pension plans (3,179 ) — — — (3,179 ) Other, net (1,261 ) (1,059 ) — — (2,320 ) Net cash flows from operating activities 98,122 (276 ) — 9,709 107,555 CASH FLOWS FROM INVESTING ACTIVITIES Changes in short-term investments, net 40,000 — — — 40,000 Additions to plant and equipment (74,002 ) (4,459 ) — — (78,461 ) Proceeds from sale of assets — 587 — — 587 Net cash flows from investing activities (34,002 ) (3,872 ) — — (37,874 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (84,305 ) — — — (84,305 ) Investment from parent 5,561 4,148 — (9,709 ) — Payment of tax withholdings on equity- based payment arrangements (3,129 ) — — — (3,129 ) Excess tax benefits from equity-based payment arrangements 3,848 — — — 3,848 Other, net (9 ) — — — (9 ) Net cash flows from financing activities (78,034 ) 4,148 — (9,709 ) (83,595 ) Decrease in cash (13,914 ) — — — (13,914 ) Cash at beginning of period 27,331 — — — 27,331 Cash at end of period $ 13,417 $ — $ — $ — $ 13,417 Clearwater Paper Corporation Consolidating Statement of Cash Flows Nine Months Ended September 30, 2014 (In thousands) Issuer Guarantor Subsidiaries Non-Guarantor Subsidiary Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings (loss) $ 19,343 $ (14,871 ) $ 1,002 $ 19,458 $ 24,932 Adjustments to reconcile net earnings (loss) to net cash flows from operating activities: Depreciation and amortization 43,388 21,416 1,735 — 66,539 Equity-based compensation expense 9,201 — — — 9,201 Impairment of assets — 5,149 — — 5,149 Deferred tax provision (benefit) 31,563 (6,516 ) (32 ) (12,120 ) 12,895 Employee benefit plans 1,603 — — — 1,603 Deferred issuance costs and discounts on long-term debt 5,864 — — — 5,864 Disposal of plant and equipment, net 462 285 — — 747 Non-cash adjustments to unrecognized taxes 220 (60 ) (11 ) — 149 Changes in working capital, net (15,079 ) 4,464 (2,575 ) — (13,190 ) Changes in taxes receivable, net 2,493 (12,730 ) 99 18,032 7,894 Excess tax benefit from equity-based payment arrangements (1,508 ) — — — (1,508 ) Funding of qualified pension plans (15,957 ) — — — (15,957 ) Other, net (1,947 ) (440 ) — — (2,387 ) Net cash flows from operating activities 79,646 (3,303 ) 218 25,370 101,931 CASH FLOWS FROM INVESTING ACTIVITIES Changes in short-term investments, net 70,000 — — — 70,000 Additions to plant and equipment (42,478 ) (11,330 ) (221 ) — (54,029 ) Proceeds from sale of assets 38 695 — — 733 Net cash flows from investing activities 27,560 (10,635 ) (221 ) — 16,704 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long-term debt 300,000 — — — 300,000 Repayment of long-term debt (375,000 ) — — — (375,000 ) Purchase of treasury stock (100,000 ) — — — (100,000 ) Investment from (to) parent 14,482 13,938 (3,050 ) (25,370 ) — Change in short-term borrowings, net 47,047 — — — 47,047 Payments for long-term debt issuance costs (2,995 ) — — — (2,995 ) Payment of tax withholdings on equity- based payment arrangements (792 ) — — — (792 ) Excess tax benefit from equity-based payment arrangements 1,508 — — — 1,508 Other, net 1,500 — — — 1,500 Net cash flows from financing activities (114,250 ) 13,938 (3,050 ) (25,370 ) (128,732 ) Decrease in cash (7,044 ) — (3,053 ) — (10,097 ) Cash at beginning of period 18,273 — 5,402 — 23,675 Cash at end of period $ 11,229 $ — $ 2,349 $ — $ 13,578

Nature of Operations and Basi36

Nature of Operations and Basis of Presentation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Dec. 30, 2014	Oct. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Dec. 31, 2014	Dec. 15, 2014	Feb. 05, 2014
Nature of Operations
Proceeds from Divestiture of Businesses	$ 107,740
Restricted Cash and Cash Equivalents									$ 3,800
Other Nonrecurring Gain				$ 1,500
Restricted Cash and Cash Equivalents, Current			$ 2,270			$ 2,270		$ 2,270	1,500
Allowance for doubtful accounts			1,600			1,600		1,600	1,400
Accumulated depreciation			$ 1,503,700			$ 1,503,700		$ 1,503,700	1,450,100
Impairment of Long-Lived Assets Held-for-use							$ 3,800
Stock Repurchased During Period, Unsettled Repurchases, Shares			201,300
Stock Repurchased During Period, Unsettled Repurchases, Average Cost Per Share			$ 47.33
Percentage Of Expected Natural Gas Requirement Covered Under Contract			51.00%			51.00%		51.00%
Common Stock
Nature of Operations
Common stock repurchase authorized										$ 100,000	$ 100,000
Number of shares repurchased (in shares)			1,151,313		1,574,748	1,750,808
Treasury Stock Acquired, Average Cost Per Share					$ 63.50	$ 49.23
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 6,200			$ 6,200		$ 6,200
Common Stock \| Subsequent Event [Member]
Nature of Operations
Number of shares repurchased (in shares)		131,113,000
Treasury Stock Acquired, Average Cost Per Share		$ 46.97
Other Assets [Member]
Nature of Operations
Restricted Cash and Cash Equivalents, Noncurrent									$ 2,300
Long Island, New York Facility
Nature of Operations
Other Nonrecurring Expense, Planned Permaent Facility Closure			$ 700			$ 2,000		$ 20,800

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Pulp, paperboard and tissue products	$ 163,314	$ 188,760
Materials and supplies	79,421	74,916
Logs, pulpwood, chips and sawdust	18,948	22,950
Inventories	$ 261,683	$ 286,626

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2014	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Historical Cost		$ 44,861	$ 45,476
Accumulated Amortization		(23,630)	(20,520)
Net Balance		$ 21,231	$ 24,956
Impairment of Intangible Assets, Finite-lived	$ 1,300
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life		9 years	9 years
Historical Cost		$ 41,001	$ 41,001
Accumulated Amortization		(21,639)	(18,223)
Net Balance		$ 19,362	$ 22,778
Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Useful Life		10 years	10 years
Historical Cost		$ 3,286	$ 3,286
Accumulated Amortization		(1,561)	(1,314)
Net Balance		$ 1,725	$ 1,972
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Useful Life		5 years	5 years
Historical Cost		$ 574	$ 1,189
Accumulated Amortization		(430)	(983)
Net Balance		$ 144	$ 206

Taxes - Additional Information

Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Loss Carryforwards [Line Items]
Statutory federal income tax rate	35.00%	35.00%	35.00%	35.00%
State taxes, net of credits	3.30%	(0.30%)	3.30%	(0.30%)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	(6.80%)	2.60%	(3.20%)	2.60%
Federal manufacturing deduction	(3.50%)	(1.40%)	(3.50%)	(1.40%)
Effective Income Tax Rate Reconciliation, Settlement of Uncertian Tax Positions	0.00%	(0.80%)	0.00%	(0.20%)
Increase in uncertain tax position	(0.50%)	1.90%	(1.80%)	0.50%
Interest accrued on uncertain tax positions	0.00%	0.20%	0.00%	0.10%
Other Federal Credits	(0.50%)	0.50%	(0.50%)	(0.80%)
State rate adjustments	(0.20%)	(0.50%)	(0.10%)	2.30%
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent	(0.40%)	(0.10%)	(0.20%)	3.20%
Other	1.90%	0.30%	1.50%	(0.10%)
Effective tax rate	28.30%	37.40%	30.50%	40.90%
Estimated Annual Effective Tax Rate	36.00%	35.00%
Deferred Tax Assets, State Taxes		$ 2.9		$ 2.9
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	5.60%		2.80%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 2

Accounts Payable and Accrued 40

Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]
Trade accounts payable	$ 143,734	$ 122,856
Accrued wages, salaries and employee benefits	41,467	41,880
Accrued Income Taxes, Current	11,323	0
Stock Repurchased During Period, Unsettled Repurchases, Pending Payment	9,527	0
Accrued discounts and allowances	8,801	10,026
Accrued taxes other than income taxes payable	7,572	5,622
Accrued utilities	5,967	6,959
Accrued interest	4,931	12,173
Other	11,631	16,310
Accounts payable and accrued liabilities	$ 244,953	$ 215,826

Debt - Additional Information (

Debt - Additional Information (Detail)	Sep. 30, 2015USD ($)	Jul. 29, 2014USD ($)	Jan. 23, 2013	Nov. 26, 2008USD ($)	Jan. 21, 2013USD ($)
Senior Notes Due 2025
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 300,000,000
Debt Instrument, Maturity Date		Feb. 1, 2025
Debt instrument, interest rate		5.375%
Senior Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 275,000,000
Debt Instrument, Maturity Date			Feb. 1, 2023
Debt instrument, interest rate					4.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 125,000,000			$ 125,000,000
Amount available as percentage of eligible accounts receivable	85.00%
Amount available as percentage of eligible inventories	65.00%
Line of Credit Facility, Expiration Date				Sep. 30, 2020
Outstanding stand by letters of credit	$ 6,200,000
Credit facility available to draw	$ 118,800,000
Percentage of availability triggers covenant requirement under credit facility	12.50%
Debt covenant, actual fixed charge ratio	1.6
Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Debt covenant, actual fixed charge ratio	1
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Interest rate spread	1.25%
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR) \| Maximum
Debt Instrument [Line Items]
Interest rate spread	1.75%
Revolving Credit Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Interest rate spread	0.25%
Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Interest rate spread	0.75%
Revolving Credit Facility \| Federal Fund Rate \| Maximum
Debt Instrument [Line Items]
Interest rate spread	0.50%
Revolving Credit Facility \| Prime Rate [Member] \| Maximum
Debt Instrument [Line Items]
Interest rate spread	1.00%

Other Long-Term Obligations (De

Other Long-Term Obligations (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Liabilities, Noncurrent [Abstract]
Long-term lease obligations, net of current portion	$ 24,253	$ 24,805
Deferred proceeds	10,921	12,360
Deferred compensation	10,134	14,609
Other	2,388	5,082
Other long-term obligations	$ 47,696	$ 56,856

Reclassification out of Accum43

Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Period opening balance				$ (70,863)		$ (58,093)
Net current period other comprehensive income ending balance		$ 1,601	$ 1,201	4,802	[1]	3,605	[1]
Period closing balance		(66,061)	(54,488)	(66,061)		(54,488)
Amortization of actuarial loss included in net periodic cost, before tax				(9,500)		(7,400)
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax				1,600		1,500
Other comprehensive income (loss), tax				3,100		2,300
Foreign Currency Translation Adjustments
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Period opening balance	[2]			0		(874)
Net current period other comprehensive income ending balance	[1],[2]			0		0
Period closing balance	[2]	0	(874)	0		(874)
Defined Benefit Pension Plan Adjustments
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Period opening balance				(70,863)		(57,219)
Net current period other comprehensive income ending balance	[1]			4,802		3,605
Period closing balance		$ (66,061)	$ (53,614)	$ (66,061)		$ (53,614)

[1]	For the nine months ended September 30, 2015 and 2014, net periodic costs associated with our pension and other postretirement employee benefit, or OPEB, plans included in other comprehensive income and reclassified from accumulated other comprehensive loss included $9.5 million and $7.4 million, respectively, of actuarial loss amortization, as well as $1.6 million and $1.5 million, respectively, of prior service credit amortization, all net of tax totaling $3.1 million and $2.3 million, respectively. These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs in Note 10, “Pension and Other Postretirement Employee Benefit Plans.”
[2]	This balance consists of unrealized foreign currency translation adjustments related to the operations of our former Canadian subsidiary before its functional currency was changed from Canadian dollars to U.S. dollars in 2012. As a result of the divestiture of the specialty business and mills, this balance was written off in the fourth quarter of 2014.

Pension and Other Postretirem44

Pension and Other Postretirement Employee Benefit Plans - Additional Information (Detail 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Company-Sponsored Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution			$ 3.2
Non Qualified Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution			0.3
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year			0.4
Cost of Sales
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	$ 1.7	$ 1.6	5.1	$ 4.9
Selling, General and Administrative Expenses
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	$ 0.8	$ 0.6	$ 2.3	$ 1.7

Pension and Other Postretirem45

Pension and Other Postretirement Employee Benefit Plans Components of Net Periodic Cost of Pension and Other Postretirement Employee Benefit Plans (Detail 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 311	$ 347	$ 934	$ 1,042
Interest cost	3,483	3,707	10,448	11,119
Expected return on plan assets	(5,029)	(5,049)	(15,087)	(15,147)
Amortization of prior service cost (credit)	18	51	54	154
Amortization of actuarial loss	3,155	2,524	9,464	7,573
Net periodic cost	1,938	1,580	5,813	4,741
Other Postretirement Employee Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	91	114	272	340
Interest cost	970	1,142	2,910	3,424
Expected return on plan assets	0	0	0	0
Amortization of prior service cost (credit)	(545)	(545)	(1,633)	(1,634)
Amortization of actuarial loss	0	(72)	0	(214)
Net periodic cost	$ 516	$ 639	$ 1,549	$ 1,916

Earnings per Common Share Recon

Earnings per Common Share Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted Net Earnings Per Share (Detail) - $ / shares		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic average common shares outstanding	[1]	18,860,017	19,755,095	19,088,348	20,321,808
Incremental shares due to:
Restricted stock units		89,727	88,262	78,147	81,304
Performance shares		140,851	256,303	117,543	255,509
Incremental Common Shares Attributable to Stock Options		0	0	54	0
Diluted average common shares outstanding		19,090,595	20,099,660	19,284,092	20,658,621
Basic net earnings per common share (in dollars per share)		$ 1.22	$ 0.32	$ 2.33	$ 1.23
Diluted net earnings per common share (in dollars per share)		$ 1.21	$ 0.31	$ 2.30	$ 1.21
Anti-dilutive shares excluded from calculation		282,769	181,851	309,018	231,469

[1]	Basic average common shares outstanding include restricted stock awards that are fully vested, but are deferred for future issuance.

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 2,390	$ 2,476	$ 6,337	$ 6,606
Cash paid for minimum tax withholdings			$ 3,129	792
Options, Grants in Period, Gross			142,542
Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 20.82
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 1,182	1,473	$ 3,225	4,028
Equity Instruments Other than Options, Vested in Previous Period and Distributed in Current Period			137,775
Shares issued (in shares)			3,100,000
Share Based Compensation Arrangement By Share Based Payment Award Shares Settled As Percentage Of Outstanding Amount	106.90%		106.90%
Shares, Issued	97,921		97,921
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 572	593	$ 1,535	1,625
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	636	410	1,577	953
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost Reversal	(1,900)	$ (200)	(3,800)
Share based compensation expense				$ 2,600
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent	$ 9,700		$ 9,700		$ 13,500
Deferred Compensation Cash-based Arrangements, Liability, Classified, Noncurrent					$ 1,400
Minimum \| Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Outstanding Award As Percentage Of Shares Issued	0.00%		0.00%
Maximum \| Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Outstanding Award As Percentage Of Shares Issued	200.00%		200.00%

Equity-Based Compensation Emplo

Equity-Based Compensation Employee Equity Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 2,390	$ 2,476	$ 6,337	$ 6,606
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	572	593	1,535	1,625
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	1,182	1,473	3,225	4,028
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 636	$ 410	$ 1,577	$ 953

Equity-Based Compensation Summa

Equity-Based Compensation Summary of Number of Share-Based Awards Granted (Detail)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Grants in Period, Gross	142,542
Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 20.82
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based awards granted	47,513
Grant-date fair value of awards per share \| $ / shares	$ 62.05
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based awards granted	23,148
Grant-date fair value of awards per share \| $ / shares	$ 62.02

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash, restricted cash, and short-term investments (Level 1)	$ 25,687	$ 81,101
Long-term debt (Level 1)	549,500	558,000
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash, restricted cash, and short-term investments (Level 1)	25,687	81,101
Long-term debt (Level 1)	$ 575,000	$ 575,000

Segment Information Reportable

Segment Information Reportable Segments Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 442,222	$ 511,142	$ 1,320,806	$ 1,494,821
Income from operations	40,046	43,978	87,356	97,579
Depreciation and amortization	21,204	22,293	62,844	66,539
Consumer Products
Segment Reporting Information [Line Items]
Net sales	247,039	306,104	721,606	891,742
Income from operations	15,521	12,535	44,948	24,717
Depreciation and amortization	14,048	15,484	40,463	46,045
Pulp and Paperboard
Segment Reporting Information [Line Items]
Net sales	195,183	205,038	599,200	603,079
Income from operations	37,446	45,602	81,394	116,013
Depreciation and amortization	6,535	5,939	20,583	18,228
Operating Segments
Segment Reporting Information [Line Items]
Income from operations	52,967	58,137	126,342	140,730
Corporate
Segment Reporting Information [Line Items]
Income from operations	(12,921)	(14,159)	(38,986)	(43,151)
Depreciation and amortization	$ 621	$ 870	$ 1,798	$ 2,266

Supplemental Guarantor Financ52

Supplemental Guarantor Financial Information Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 442,222	$ 511,142	$ 1,320,806		$ 1,494,821
Cost and expenses:
Cost of sales	(373,892)	(434,457)	(1,148,071)		(1,295,197)
Selling, general and administrative expenses	(28,284)	(31,817)	(85,379)		(96,896)
Asset Impairment Charges	0	(890)	0		(5,149)
Total operating costs and expenses	(402,176)	(467,164)	(1,233,450)		(1,397,242)
Income (loss) from operations	40,046	43,978	87,356		97,579
Interest expense, net	(7,882)	(9,570)	(23,438)		(30,992)
Gains (Losses) on Extinguishment of Debt	0	(24,420)	0		(24,420)
Earnings (loss) before income taxes	32,164	9,988	63,918		42,167
Income tax (provision) benefit	(9,100)	(3,735)	(19,500)		(17,235)
Net earnings (loss)	23,064	6,253	44,418		24,932
Other comprehensive income, net of tax	1,601	1,201	4,802	[1]	3,605	[1]
Comprehensive income	24,665	7,454	49,220		28,537
Issuer
Condensed Financial Statements, Captions [Line Items]
Net sales	450,055	415,175	1,246,886		1,201,662
Cost and expenses:
Cost of sales	(393,237)	(345,825)	(1,086,997)		(1,006,119)
Selling, general and administrative expenses	(25,130)	(26,136)	(75,349)		(79,702)
Asset Impairment Charges		0			0
Total operating costs and expenses	(418,367)	(371,961)	(1,162,346)		(1,085,821)
Income (loss) from operations	31,688	43,214	84,540		115,841
Interest expense, net	(7,847)	(9,565)	(23,329)		(30,969)
Gains (Losses) on Extinguishment of Debt		(24,420)			(24,420)
Earnings (loss) before income taxes	23,841	9,229	61,211		60,452
Income tax (provision) benefit	(4,616)	(5,489)	(17,525)		(26,238)
Equity in income (loss) of subsidiary	8,476	660	1,677		(14,871)
Net earnings (loss)	27,701	4,400	45,363		19,343
Other comprehensive income, net of tax	1,601	1,201	4,802		3,605
Comprehensive income	29,302	5,601	50,165		22,948
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	77,261	132,797	220,860		405,442
Cost and expenses:
Cost of sales	(65,749)	(126,547)	(208,014)		(403,750)
Selling, general and administrative expenses	(3,154)	(5,343)	(10,030)		(16,180)
Asset Impairment Charges		(890)			(5,149)
Total operating costs and expenses	(68,903)	(132,780)	(218,044)		(425,079)
Income (loss) from operations	8,358	17	2,816		(19,637)
Interest expense, net	(35)	(5)	(109)		(23)
Earnings (loss) before income taxes	8,323	12	2,707		(19,660)
Income tax (provision) benefit	153	90	(1,030)		3,787
Equity in income (loss) of subsidiary	0	558	0		1,002
Net earnings (loss)	8,476	660	1,677		(14,871)
Comprehensive income	8,476	660	1,677		(14,871)
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	0	14,429	0		41,493
Cost and expenses:
Cost of sales	0	(13,344)	0		(39,104)
Selling, general and administrative expenses	0	(338)	0		(1,014)
Asset Impairment Charges		0			0
Total operating costs and expenses	0	(13,682)	0		(40,118)
Income (loss) from operations	0	747	0		1,375
Interest expense, net		0			0
Earnings (loss) before income taxes	0	747	0		1,375
Income tax (provision) benefit	0	(189)	0		(373)
Equity in income (loss) of subsidiary			0
Net earnings (loss)	0	558	0		1,002
Comprehensive income	0	558	0		1,002
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(85,094)	(51,259)	(146,940)		(153,776)
Cost and expenses:
Cost of sales	85,094	51,259	146,940		153,776
Asset Impairment Charges		0			0
Total operating costs and expenses	85,094	51,259	146,940		153,776
Income (loss) from operations	0
Earnings (loss) before income taxes	0
Income tax (provision) benefit	(4,637)	1,853	(945)		5,589
Equity in income (loss) of subsidiary	(8,476)	(1,218)	(1,677)		13,869
Net earnings (loss)	(13,113)	635	(2,622)		19,458
Comprehensive income	$ (13,113)	$ 635	$ (2,622)		$ 19,458

[1]	For the nine months ended September 30, 2015 and 2014, net periodic costs associated with our pension and other postretirement employee benefit, or OPEB, plans included in other comprehensive income and reclassified from accumulated other comprehensive loss included $9.5 million and $7.4 million, respectively, of actuarial loss amortization, as well as $1.6 million and $1.5 million, respectively, of prior service credit amortization, all net of tax totaling $3.1 million and $2.3 million, respectively. These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs in Note 10, “Pension and Other Postretirement Employee Benefit Plans.”

Supplemental Guarantor Financ53

Supplemental Guarantor Financial Information Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$ 13,417	$ 27,331	$ 13,578	$ 23,675
Restricted cash	2,270	1,500
Short-term investments	10,000	50,000
Receivables, net	153,857	133,914
Taxes receivable	0	1,255
Inventories	261,683	286,626
Deferred tax assets	20,330	21,760
Prepaid expenses	6,763	4,191
Total current assets	468,320	526,577
Property, plant and equipment, net	836,758	810,987
Goodwill	209,087	209,087
Intangible assets, net	21,231	24,956
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	8,743	4,738
Other assets, net	7,394	9,583
TOTAL ASSETS	1,551,533	1,585,928
Current liabilities:
Accounts payable and accrued liabilities	244,953	215,826
Current liability for pensions and other postretirement employee benefits	7,915	7,915
Total current liabilities	252,868	223,741
Long-term debt	575,000	575,000
Liability for pensions and other postretirement employee benefits	113,531	118,464
Other long-term obligations	47,696	56,856
Accrued taxes	1,573	2,696
Deferred tax liabilities (assets)	100,884	111,634
Accumulated other comprehensive loss, net of tax	(66,061)	(70,863)	(54,488)	(58,093)
Stockholders' equity excluding accumulated other comprehensive loss	526,042	568,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,551,533	1,585,928
Issuer
Current assets:
Cash	13,417	27,331	11,229	18,273
Restricted cash	2,270	1,500
Short-term investments	10,000	50,000
Receivables, net	134,412	117,970
Taxes receivable		6,760
Inventories	222,965	246,210
Deferred tax assets	17,921	14,733
Prepaid expenses	6,247	3,734
Total current assets	407,232	468,238
Property, plant and equipment, net	691,086	657,369
Goodwill	209,087	209,087
Intangible assets, net	4,440	5,224
Intercompany receivable (payable)	25,121	33,703
Investment in subsidiary	138,959	137,282
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	8,743	4,738
Other assets, net	6,398	8,496
TOTAL ASSETS	1,491,066	1,524,137
Current liabilities:
Accounts payable and accrued liabilities	221,191	193,326
Current liability for pensions and other postretirement employee benefits	7,915	7,915
Total current liabilities	229,106	201,241
Long-term debt	575,000	575,000
Liability for pensions and other postretirement employee benefits	113,531	118,464
Other long-term obligations	47,068	56,029
Accrued taxes	776	1,902
Deferred tax liabilities (assets)	65,604	73,964
Accumulated other comprehensive loss, net of tax	(66,061)	(70,863)
Stockholders' equity excluding accumulated other comprehensive loss	526,042	568,400
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,491,066	1,524,137
Guarantor Subsidiaries
Current assets:
Cash	0	0	0	0
Receivables, net	19,445	16,557
Taxes receivable		(15,758)
Inventories	38,718	40,416
Deferred tax assets	2,666	5,206
Prepaid expenses	516	457
Total current assets	61,345	46,878
Property, plant and equipment, net	145,672	153,618
Intangible assets, net	16,791	19,732
Intercompany receivable (payable)	(25,378)	(21,629)
Investment in subsidiary	0	0
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	0	0
Other assets, net	996	1,087
TOTAL ASSETS	199,426	199,686
Current liabilities:
Accounts payable and accrued liabilities	23,762	23,113
Total current liabilities	23,762	23,113
Other long-term obligations	628	827
Accrued taxes	797	794
Deferred tax liabilities (assets)	35,280	37,670
Accumulated other comprehensive loss, net of tax	0
Stockholders' equity excluding accumulated other comprehensive loss	138,959	137,282
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	199,426	199,686
Non-Guarantor Subsidiaries
Current assets:
Cash	0	0	2,349	5,402
Receivables, net	0	0
Taxes receivable		0
Inventories	0	0
Deferred tax assets	0	0
Prepaid expenses	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Intangible assets, net	0	0
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	0	0
TOTAL ASSETS	0	0
Current liabilities:
Accounts payable and accrued liabilities	0	0
Total current liabilities	0	0
Accrued taxes	0	0
Deferred tax liabilities (assets)	0	0
Accumulated other comprehensive loss, net of tax	0
Stockholders' equity excluding accumulated other comprehensive loss	0	0
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	0	0
Eliminations
Current assets:
Cash	0	0	$ 0	$ 0
Receivables, net	0	(613)
Taxes receivable		10,253
Deferred tax assets	(257)	1,821
Total current assets	(257)	11,461
Intercompany receivable (payable)	257	(12,074)
Investment in subsidiary	(138,959)	(137,282)
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	0	0
TOTAL ASSETS	(138,959)	(137,895)
Current liabilities:
Accounts payable and accrued liabilities	0	(613)
Total current liabilities	0	(613)
Deferred tax liabilities (assets)	0	0
Accumulated other comprehensive loss, net of tax	0
Stockholders' equity excluding accumulated other comprehensive loss	(138,959)	(137,282)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ (138,959)	$ (137,895)

Supplemental Guarantor Financ54

Supplemental Guarantor Financial Information Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	$ 23,064	$ 6,253	$ 44,418	$ 24,932
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	21,204	22,293	62,844	66,539
Equity-based compensation expense			2,495	9,201
Asset Impairment Charges	0	890	0	5,149
Deferred tax expense (benefit)			(12,403)	12,895
Employee benefit plans			2,122	1,603
Amortization of Financing Costs and Discounts			714	5,864
Gain (Loss) on Disposition of Assets			1,109	747
Other Noncash Income Tax Expense			(1,123)	149
Changes in working capital, net			15,471	(13,190)
Change in taxes receivable, net			1,255	7,894
Excess tax benefits from equity share-based payment arrangements			3,848	1,508
Funding of qualified pension plans			(3,179)	(15,957)
Other Operating Activities, Cash Flow Statement			(2,320)	(2,387)
Net cash provided by operating activities			107,555	101,931
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net			40,000	70,000
Additions to plant and equipment			(78,461)	(54,029)
Proceeds from Sale of Productive Assets			587	733
Net cash used for investing activities			(37,874)	16,704
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt			0	300,000
Repayments of Debt			0	375,000
Payments for Repurchase of Common Stock			(84,305)	(100,000)
Investment (to) from Parent			0	0
Proceeds from (Repayments of) Short-term Debt			0	47,047
Payments of Debt Issuance Costs			0	2,995
Payment of tax withholdings on equity-based payment arrangements			(3,129)	(792)
Excess Tax Benefit from Share-based Compensation, Financing Activities			3,848	1,508
Proceeds from (Payments for) Other Financing Activities			(9)	1,500
Net cash (used for) provided by financing activities			(83,595)	(128,732)
Increase in cash			(13,914)	(10,097)
Cash at beginning of period			27,331	23,675
Cash at end of period	13,417	13,578	13,417	13,578
Issuer
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	27,701	4,400	45,363	19,343
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			47,854	43,388
Equity-based compensation expense			2,495	9,201
Asset Impairment Charges		0		0
Deferred tax expense (benefit)			(14,631)	31,563
Employee benefit plans			2,122	1,603
Amortization of Financing Costs and Discounts			714	5,864
Gain (Loss) on Disposition of Assets			1,203	462
Other Noncash Income Tax Expense			(1,126)	220
Changes in working capital, net			15,656	(15,079)
Change in taxes receivable, net			6,760	2,493
Excess tax benefits from equity share-based payment arrangements			3,848	1,508
Funding of qualified pension plans			(3,179)	(15,957)
Other Operating Activities, Cash Flow Statement			(1,261)	(1,947)
Net cash provided by operating activities			98,122	79,646
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net			40,000	70,000
Additions to plant and equipment			(74,002)	(42,478)
Proceeds from Sale of Productive Assets			0	38
Net cash used for investing activities			(34,002)	27,560
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt				300,000
Repayments of Debt				375,000
Payments for Repurchase of Common Stock			(84,305)	(100,000)
Investment (to) from Parent			5,561	14,482
Proceeds from (Repayments of) Short-term Debt				47,047
Payments of Debt Issuance Costs				2,995
Payment of tax withholdings on equity-based payment arrangements			(3,129)	(792)
Excess Tax Benefit from Share-based Compensation, Financing Activities			3,848	1,508
Proceeds from (Payments for) Other Financing Activities			(9)	1,500
Net cash (used for) provided by financing activities			(78,034)	(114,250)
Increase in cash			(13,914)	(7,044)
Cash at beginning of period			27,331	18,273
Cash at end of period	13,417	11,229	13,417	11,229
Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	8,476	660	1,677	(14,871)
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			14,990	21,416
Equity-based compensation expense			0	0
Asset Impairment Charges		890		5,149
Deferred tax expense (benefit)			150	(6,516)
Employee benefit plans			0	0
Amortization of Financing Costs and Discounts			0	0
Gain (Loss) on Disposition of Assets			(94)	285
Other Noncash Income Tax Expense			3	(60)
Changes in working capital, net			(185)	4,464
Change in taxes receivable, net			(15,758)	(12,730)
Excess tax benefits from equity share-based payment arrangements			0	0
Funding of qualified pension plans			0	0
Other Operating Activities, Cash Flow Statement			(1,059)	(440)
Net cash provided by operating activities			(276)	(3,303)
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net			0	0
Additions to plant and equipment			(4,459)	(11,330)
Proceeds from Sale of Productive Assets			587	695
Net cash used for investing activities			(3,872)	(10,635)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt				0
Repayments of Debt				0
Payments for Repurchase of Common Stock			0	0
Investment (to) from Parent			4,148	13,938
Proceeds from (Repayments of) Short-term Debt				0
Payments of Debt Issuance Costs				0
Payment of tax withholdings on equity-based payment arrangements			0	0
Excess Tax Benefit from Share-based Compensation, Financing Activities			0	0
Proceeds from (Payments for) Other Financing Activities			0	0
Net cash (used for) provided by financing activities			4,148	13,938
Increase in cash			0	0
Cash at beginning of period			0	0
Cash at end of period	0	0	0	0
Non-Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	0	558	0	1,002
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			0	1,735
Equity-based compensation expense			0	0
Asset Impairment Charges		0		0
Deferred tax expense (benefit)			0	(32)
Employee benefit plans			0	0
Amortization of Financing Costs and Discounts			0	0
Gain (Loss) on Disposition of Assets			0	0
Other Noncash Income Tax Expense			0	(11)
Changes in working capital, net			0	(2,575)
Change in taxes receivable, net			0	99
Excess tax benefits from equity share-based payment arrangements			0	0
Funding of qualified pension plans			0	0
Other Operating Activities, Cash Flow Statement			0	0
Net cash provided by operating activities			0	218
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net			0	0
Additions to plant and equipment			0	(221)
Proceeds from Sale of Productive Assets			0	0
Net cash used for investing activities			0	(221)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt				0
Repayments of Debt				0
Payments for Repurchase of Common Stock			0	0
Investment (to) from Parent			0	(3,050)
Proceeds from (Repayments of) Short-term Debt				0
Payments of Debt Issuance Costs				0
Payment of tax withholdings on equity-based payment arrangements			0	0
Excess Tax Benefit from Share-based Compensation, Financing Activities			0	0
Proceeds from (Payments for) Other Financing Activities			0	0
Net cash (used for) provided by financing activities			0	(3,050)
Increase in cash			0	(3,053)
Cash at beginning of period			0	5,402
Cash at end of period	0	2,349	0	2,349
Eliminations
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	(13,113)	635	(2,622)	19,458
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			0	0
Equity-based compensation expense			0	0
Asset Impairment Charges		0		0
Deferred tax expense (benefit)			2,078	(12,120)
Employee benefit plans			0	0
Amortization of Financing Costs and Discounts			0	0
Gain (Loss) on Disposition of Assets			0	0
Other Noncash Income Tax Expense			0	0
Changes in working capital, net			0	0
Change in taxes receivable, net			10,253	18,032
Excess tax benefits from equity share-based payment arrangements			0	0
Funding of qualified pension plans			0	0
Other Operating Activities, Cash Flow Statement			0	0
Net cash provided by operating activities			9,709	25,370
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net			0	0
Additions to plant and equipment			0	0
Proceeds from Sale of Productive Assets			0	0
Net cash used for investing activities			0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Long-term Debt				0
Repayments of Debt				0
Payments for Repurchase of Common Stock			0	0
Investment (to) from Parent			(9,709)	(25,370)
Proceeds from (Repayments of) Short-term Debt				0
Payments of Debt Issuance Costs				0
Payment of tax withholdings on equity-based payment arrangements			0	0
Excess Tax Benefit from Share-based Compensation, Financing Activities			0	0
Proceeds from (Payments for) Other Financing Activities			0	0
Net cash (used for) provided by financing activities			(9,709)	(25,370)
Increase in cash			0	0
Cash at beginning of period			0	0
Cash at end of period	$ 0	$ 0	$ 0	$ 0