Clearwater Paper (CLW) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
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		16,433,415

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net sales	$ 429,663	$ 436,671	$ 867,188	$ 873,875
Costs and expenses:
Cost of sales	(380,733)	(361,851)	(767,763)	(730,498)
Selling, general and administrative expenses	(29,265)	(34,655)	(59,202)	(65,450)
Total operating costs and expenses	(409,998)	(396,506)	(826,965)	(795,948)
Income from operations	19,665	40,165	40,223	77,927
Interest expense, net	(7,673)	(7,396)	(15,716)	(15,039)
Earnings (loss) before income taxes	11,992	32,769	24,507	62,888
Income tax provision	(3,955)	(11,905)	(8,955)	(23,578)
Net earnings (loss)	$ 8,037	$ 20,864	$ 15,552	$ 39,310
Net earnings per common share:
Basic (in dollars per share)	$ 0.49	$ 1.22	$ 0.94	$ 2.27
Diluted (in dollars per share)	$ 0.48	$ 1.21	$ 0.94	$ 2.26

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net earnings	$ 8,037	$ 20,864	$ 15,552	$ 39,310
Defined benefit pension and other postretirement employee benefits:
Amortization of actuarial loss included in net periodic cost, net of tax of $248, $1,233, $1,113, and $3,700	357	427	988	1,339
Amortization of prior service credit included in net periodic cost, net of tax of $(165), $(206), $(497), and $(617)	(231)	(256)	(461)	(513)
Other comprehensive income (loss), net of tax	126	171	527	826
Comprehensive income	$ 8,163	$ 21,035	$ 16,079	$ 40,136

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Amortization of actuarial loss included in net periodic cost, tax expense	$ 234	$ 276	$ 648	$ 865
Amortization of prior service credit included in net periodic cost, tax benefit	$ (151)	$ (166)	$ (302)	$ (332)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 8,519	$ 23,001
Restricted cash	0	0
Short-term investments	0	0
Receivables, net	130,805	147,074
Taxes receivable	5,479	9,709
Inventories	243,313	258,029
Other Assets, Current	7,866	8,682
Total current assets	395,982	446,495
Property, plant and equipment, net	991,061	945,328
Goodwill	244,283	244,283
Intangible assets, net	36,513	40,485
Other assets, net	10,750	7,751
TOTAL ASSETS	1,678,589	1,684,342
Current liabilities:
Line of Credit, Current	108,000	135,000
Accounts payable and accrued liabilities	224,177	223,699
Current liability for pensions and other postretirement employee benefits	7,821	7,821
Total current liabilities	339,998	366,520
Long-term debt	570,139	569,755
Liability for pensions and other postretirement employee benefits	79,442	81,812
Other long-term obligations	40,776	41,776
Accrued taxes	2,567	2,434
Deferred tax liabilities	162,081	152,172
Liabilities	1,195,003	1,214,469
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, 24,209,150 and 24,193,098 shares issued	2	2
Additional paid-in capital	349,589	347,080
Retained earnings	585,413	569,861
Treasury stock, at cost, common shares-7,478,877 and 6,380,309 shares repurchased	(400,192)	(395,317)
Accumulated other comprehensive loss, net of tax	(51,226)	(51,753)
Total stockholders' equity	483,586	469,873
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,678,589	$ 1,684,342

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.0001000000	$ 0.0001000000
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)	$ 0.0001000000	$ 0.0001000000
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	24,254,420	24,223,191
Treasury stock, shares (in shares)	7,821,005	7,736,255

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$ 15,552	$ 39,310
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	53,612	43,174
Equity-based compensation expense	403	7,716
Deferred tax expense	7,891	8,674
Employee benefit plans	(2,183)	(2,561)
Increase (Decrease) in Other Operating Assets and Liabilities, Net	1,267	259
Changes in working capital, net	23,742	(13,394)
Change in taxes receivable, net	4,229	14,107
Other Operating Activities, Cash Flow Statement	(914)	(870)
Net cash provided by operating activities	103,599	96,415
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment	(85,709)	(57,394)
Payments for (Proceeds from) Other Investing Activities	417	250
Net cash used for investing activities	(85,292)	(57,144)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock	(4,875)	(35,168)
Proceeds from (Repayments of) Short-term Debt	117,000	477,169
Payments of Debt Issuance Costs	(144,000)	(477,169)
Payment of tax withholdings on equity-based payment arrangements	(790)
Proceeds from (Payments for) Other Financing Activities	(914)	(318)
Net cash (used for) provided by financing activities	(32,789)	(35,486)
Increase in cash	(14,482)	3,785
Cash at beginning of period	23,001	5,610
Cash at end of period	8,519	9,395
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized	14,310	13,368
Cash paid for income taxes	2,329	10,885
Cash received from income tax refunds	5,650	10,506
Changes in accrued plan and equipment	3,845	(2,841)
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES:
Unsettled Repurchases Of Common Stock	$ 4,525	$ 0

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2017
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, and offers services that include custom sheeting, slitting and cutting. Clearwater Paper's employees build shareholder value by developing strong customer relationships through quality and service. On December 16, 2016, we acquired Manchester Industries, an independently-owned paperboard sales, sheeting and distribution supplier to the packaging and commercial print industries, for total consideration of $71.7 million . The addition of Manchester Industries' customers to our paperboard business extends our reach and service platform to small and mid-sized folding carton plants, by offering a range of converting services that include custom sheeting, slitting, and cutting. These converting operations include five strategically located facilities in Virginia, Pennsylvania, Indiana, Texas, and Michigan. Goodwill was recorded in the acquisition of Manchester Industries based on the preliminary purchase price allocation. We are continuing to collect information to determine the fair values included in the purchase price in association with the final tax basis of acquired intangibles and fixed assets used in the determination of deferred tax liabilities at the acquisition date, which could affect our goodwill allocation for this transaction. FINANCIAL STATEMENT PREPARATION AND PRESENTATION The accompanying Consolidated Balance Sheets at June 30, 2017 and December 31, 2016 , the related Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2017 and 2016 , and the Consolidated Statements of Cash Flows for the six months ended June 30, 2017 and 2016 , 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, 2016 , as filed with the Securities and Exchange Commission, or SEC, on February 22, 2017 . 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 that may require 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. CASH AND CASH EQUIVALENTS We consider all highly liquid instruments with maturities of three months or less to be cash equivalents. 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 June 30, 2017 and December 31, 2016 , we had allowances for doubtful accounts of $ 1.3 million and $1.5 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 $1,626.0 million and $1,582.0 million at June 30, 2017 and December 31, 2016 , respectively. For the six months ended June 30, 2017 , we capitalized $1.8 million of interest expense associated with the construction of a continuous pulp digester at our Lewiston, Idaho pulp and paperboard facility and $0.2 million associated with the construction of a paper machine at our Shelby, North Carolina consumer products facility. For the six months ended June 30, 2016 , we capitalized $0.9 million of interest expense associated with the continuous pulp digester project. During the three months ended June 30, 2017, we received land with a fair market value of $4.2 million from the City of Shelby, North Carolina and Cleveland County. We must fulfill certain obligations within five years or repay the value of the land or return the title to the land. This balance is included in "Property, plant, and equipment, net," with a corresponding amount in "Other long-term obligations" on our Consolidated Balance Sheet as of June 30, 2017. 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. STOCKHOLDERS’ EQUITY On December 15, 2015, 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. The repurchase program authorizes 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. We have no obligation to repurchase stock under this program and may suspend or terminate the program at any time. In total, we have repurchased 1,440,696 shares of our outstanding common stock as of June 30, 2017, pursuant to this repurchase program, of which 84,750 shares were repurchased during the first quarter of 2017 at an average price of $57.53 per share. We did not repurchase shares during the second quarter. As of June 30, 2017 , we had up to $29.8 million of authorization remaining pursuant to this stock repurchase program. DERIVATIVES We had no activity during the three and six months ended June 30, 2017 and 2016 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 June 30, 2017 , these contracts covered approximately 30% of our expected average monthly natural gas requirements for the remainder of 2017 , and a lesser amount for 2018. Historically, these contracts have qualified for treatment as “normal purchases or normal sales” under authoritative guidance and thus required no mark-to-market adjustment.

Recently Adopted and New Accoun

Recently Adopted and New Accounting Standards	6 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Adopted and New Accounting Standards	Recently Adopted and New Accounting Standards RECENTLY ADOPTED In January 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2017-04, Simplifying the Test for Goodwill Impairment (Topic 350) . This ASU eliminates step two of the impairment test, the performance of a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. We adopted this standard on January 1, 2017 and will apply this standard during our annual impairment test as of November 1, 2017, if applicable. The adoption of this standard is not expected to have a material impact on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . This ASU clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the asset is not a business. We adopted this standard on January 1, 2017. This standard did not have a material impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718), (ASU 2016-09), which simplifies several aspects of accounting for share-based payment transactions, including income tax consequences, award classification, cash flows reporting, and forfeiture rate application. Specifically, the update requires all excess tax benefits and tax deficiencies to be recognized as income tax expense or benefit in the income statement. The update also allows excess tax benefits to be classified along with other income tax cash flows as an operating activity on the statement of cash flows. In addition, when accruing compensation cost, an entity can make an entity-wide accounting policy election to either estimate the number of awards expected to vest or to account for forfeitures as they occur. Lastly, the update requires cash paid by an employer when directly withholding shares for tax-withholding purposes to be classified as a financing activity on the statement of cash flows, consistent with our historical practice. We adopted ASU 2016-09 in the first quarter of 2017. We have not changed our method of estimating forfeitures as a result of our adoption of this standard, however, we are currently evaluating the possibility of changing our tax-withholding policy to allow for more withholding of employee shares for tax purposes. As a result of adopting this standard, excess tax benefits are classified along with other income tax cash flows as an operating activity on the statement of cash flows on a prospective basis and $1.0 million was charged to our income tax provision in the first half of 2017, resulting in a $0.06 earnings per share impact. NEW ACCOUNTING STANDARDS In May 2017, the FASB issued ASU 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The ASU will be effective prospectively for annual periods beginning after December 15, 2017, including interim periods within those annual periods. We plan to adopt this standard on January 1, 2018. We do not expect the adoption of this ASU to have a material impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The amendments in this ASU require that an employer disaggregate the service cost component from the other components of net benefit cost. The amendments also provide explicit guidance on how to present the service cost component and other components of net benefit cost in the income statement and allow only the service cost component of net benefit cost to be eligible for capitalization. This ASU will be effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. We plan to adopt this standard on January 1, 2018. The amendments in this update require retrospective presentation in the income statement. Changes to the capitalized portion of both service cost and the other components of net benefit cost within inventory will be applied prospectively. For the full year of 2016, net periodic pension and other postretirement employee benefit cost reported within operating income totaled $5.3 million , of which $1.8 million represented service cost. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. Based on our preliminary assessment, we determined the adoption will increase both our assets and liabilities presented on our Consolidated Balance Sheets to reflect the ROU assets and corresponding lease liabilities, as well as increase our leasing disclosures. We are continuing our assessment, which may identify other impacts, and are addressing necessary policy and process changes in preparation for adoption. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . 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 on the deferred effective date under the cumulative effect adoption method. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. Based on our assessments to-date, which have included review of our core revenue streams and contracts with key customers under the new standard, we do not anticipate the adoption of this standard will have a material impact on our consolidated financial statements. We anticipate enhancing our disclosures upon the adoption of this standard as well as certain of our internal controls and processes. We are continuing our assessment, which may identify other impacts. We reviewed all other new accounting pronouncements issued in the period and concluded that they are not applicable to our business.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at the balance sheet dates consist of: (In thousands) June 30, 2017 December 31, 2016 Pulp, paperboard and tissue products $ 147,246 $ 154,460 Materials and supplies 84,737 82,005 Logs, pulpwood, chips and sawdust 11,330 21,564 $ 243,313 $ 258,029

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2017
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets	Intangible Assets Intangible assets at the balance sheet dates are comprised of the following: June 30, 2017 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.3 $ 62,401 $ (30,713 ) $ 31,688 Trade names and trademarks 7.4 6,786 (2,486 ) 4,300 Non-compete agreements 5.0 574 (543 ) 31 Other intangibles 6.0 572 (78 ) 494 $ 70,333 $ (33,820 ) $ 36,513 December 31, 2016 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.3 $ 62,401 $ (27,364 ) $ 35,037 Trade names and trademarks 7.4 6,786 (1,972 ) 4,814 Non-compete agreements 5.0 574 (512 ) 62 Other intangibles 6.0 572 — 572 $ 70,333 $ (29,848 ) $ 40,485 For the three months ended June 30, 2017 and 2016 , intangible assets amortization expense was $2.1 million and $1.2 million , respectively. For the six months ended June 30, 2017 and 2016 , intangible assets amortization expense was $ 4.0 million and $2.5 million , respectively. The increase in the 2017 periods was due to the additional amortization expense attributable to intangible assets associated with the acquisition of Manchester Industries in December 2016.

Taxes

Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Taxes	Income Taxes Consistent with authoritative guidance, our estimated annual effective tax rate is used to allocate expected annual income tax expense to interim periods. The rate is the ratio of estimated annual income tax expense 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 expense 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. Our estimated annual effective tax rate for the second quarter of 2017 is approximately 33% , compared with approximately 37% for the same period in 2016. The decrease in the rate is due to an increase in the benefit from tax credits in the current year.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Jun. 30, 2017
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) June 30, 2017 December 31, 2016 Trade accounts payable $ 139,833 $ 128,106 Accrued wages, salaries and employee benefits 39,442 49,871 Accrued interest 12,297 12,149 Accrued discounts and allowances 10,714 10,291 Accrued taxes other than income taxes payable 7,287 6,946 Accrued utilities 6,474 6,712 Other 8,130 9,624 $ 224,177 $ 223,699

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	REVOLVING CREDIT FACILITIES As of June 30, 2017 , there were $108.0 million in borrowings outstanding under the credit facilities and $6.8 million of the credit facilities was being used to support outstanding standby letters of credit. As of December 31, 2016 , there were $135.0 million in borrowings outstanding under the credit facilities. Our two senior secured revolving credit facilities provide in the aggregate, on a combined basis, for the extension of up to $300 million in revolving loans under: (i) a $200 million credit agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (the Commercial Credit Agreement); and (ii) a $100 million credit agreement with Northwest Farm Credit Services, PCA, as administrative agent, and the lenders party thereto (the Farm Credit Agreement). We refer to both of these credit agreements collectively as the Credit Agreements. The revolving credit facilities provided under the Credit Agreements mature on October 31, 2021. Revolving loans borrowed under the Commercial Credit Agreement bear interest, at our option, at a LIBOR rate or at a base rate, plus an applicable margin, which for LIBOR rate loans may range from 1.25% per annum to 2.00% per annum, based on the Company’s consolidated total leverage ratio. The applicable margin for base rate loans under the Commercial Credit Agreement is 1.00% per annum less than for LIBOR rate loans. Revolving Loans borrowed under the Farm Credit Agreement are calculated in substantially the same manner as under the Commercial Credit Agreement, however, the applicable margin under the Farm Credit Agreement is 0.25% per annum higher than the Commercial Credit Agreement, and the prime rate used in the calculation of base rate loans is based upon the prime rate published by the Wall Street Journal. In addition, under the Farm Credit Agreement, we have the option to elect fixed rate periods of interest which bear interest at an applicable margin equal to the LIBOR rate. We also pay commitment fees on the unused portion of the revolving loan commitments under the Credit Agreements, which range from 0.20% per annum to 0.35% per annum. We receive patronage refunds under the Farm Credit Agreement. Patronage refunds are distributions of profits from banks in the farm credit system, which are cooperatives that are required to distribute profits to their members. Patronage refunds are accrued as earned and recorded as offsets to interest expense. The borrowings outstanding under the revolving credit facilities as of June 30, 2017, consisted of short-term base and LIBOR rate loans and are classified as current liabilities in our Consolidated Balance Sheet. As of June 30, 2017 , we would have been permitted to draw an additional $185.2 million under the credit facilities.

Other Long-Term Obligations

Other Long-Term Obligations	6 Months Ended
	Jun. 30, 2017
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) June 30, 2017 December 31, 2016 Long-term lease obligations, net of current portion $ 22,885 $ 23,152 Deferred proceeds 6,357 9,013 Deferred compensation 4,781 7,219 Other 6,753 2,392 $ 40,776 $ 41,776

Reclassification out of Accumul

Reclassification out of Accumulated Other Comprehensive Income (Notes)	6 Months Ended
	Jun. 30, 2017
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) Pension and Other Post Retirement Employee Benefit Plan Adjustments Balance at December 31, 2016 $ (51,753 ) Other comprehensive income, net of tax 1 527 Balance at June 30, 2017 $ (51,226 ) (In thousands) Pension and Other Post Retirement Employee Benefit Plan Adjustments Balance at December 31, 2015 $ (55,548 ) Other comprehensive income, net of tax 1 826 Balance at June 30, 2016 $ (54,722 ) 1 For the six months ended June 30, 2017 and 2016 , 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 were $1.6 million and $2.2 million , respectively, of actuarial loss amortization, as well as $0.8 million and $0.8 million , respectively, of prior service credit amortization, all net of tax totaling $0.3 million and $0.5 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	6 Months Ended
	Jun. 30, 2017
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 June 30, (In thousands) 2017 2016 2017 2016 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 474 $ 382 $ 13 $ 51 Interest cost 3,296 3,633 667 810 Expected return on plan assets (4,688 ) (4,878 ) (1 ) (1 ) Amortization of prior service cost (credit) 2 6 (384 ) (428 ) Amortization of actuarial loss (gain) 2,412 2,761 (1,821 ) (2,058 ) Net periodic cost $ 1,496 $ 1,904 $ (1,526 ) $ (1,626 ) Six months ended June 30, (In thousands) 2017 2016 2017 2016 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 1,034 $ 780 $ 81 $ 125 Interest cost 6,574 7,261 1,371 1,576 Expected return on plan assets (9,382 ) (9,761 ) (1 ) (1 ) Amortization of prior service cost (credit) 4 11 (767 ) (856 ) Amortization of actuarial loss (gain) 4,937 5,645 (3,301 ) (3,441 ) Net periodic cost $ 3,167 $ 3,936 $ (2,617 ) $ (2,597 ) During the six months ended June 30, 2017 and 2016 , we made no contributions to our qualified pension plans. We do not expect, nor are we required, to make contributions in 2017 . During the six months ended June 30, 2017 , we made contributions of $0.2 million to our company-sponsored non-qualified pension plan. We estimate contributions will total $0.4 million in 2017 . We do not anticipate funding our OPEB plans in 2017 except to pay benefit costs as incurred during the year by plan participants. During the three and six months ended June 30, 2017 , less than $0.1 million and $0.3 million , respectively, of net periodic pension and OPEB costs were charged to "Cost of sales" and less than $0.1 million and $0.2 million , respectively, were charged to "Selling, general and administrative expenses" in the accompanying Consolidated Statements of Operations. During the three and six months ended June 30, 2016 , $0.1 million and $0.8 million , respectively, of net periodic pension and OPEB costs were charged to "Cost of sales" and $0.1 million and $0.5 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	6 Months Ended
	Jun. 30, 2017
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 June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic average common shares outstanding 1 16,457,196 17,065,663 16,470,525 17,293,091 Incremental shares due to: Restricted stock units 37,703 53,108 35,922 32,355 Performance shares 78,351 89,783 74,975 60,617 Stock options 16,868 25,441 30,636 — Diluted average common shares outstanding 16,590,118 17,233,995 16,612,058 17,386,063 Basic net earnings per common share $ 0.49 $ 1.22 $ 0.94 $ 2.27 Diluted net earnings per common share 0.48 1.21 0.94 2.26 Anti-dilutive shares excluded from calculation 515,322 222,026 493,150 665,605 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	6 Months Ended
	Jun. 30, 2017
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 June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Restricted stock units $ 503 $ 367 $ 795 $ 660 Performance shares 630 819 1,226 1,436 Stock options 736 748 1,315 1,284 Total employee equity-based compensation expense $ 1,869 $ 1,934 $ 3,336 $ 3,380 As provided in the Clearwater Paper Corporation 2008 Stock Incentive Plan, the performance measure used to determine the number of performance shares ultimately issuable for awards granted in 2016 and 2015, and for 40% of performance shares granted in 2017, is a comparison of the percentile ranking of our total stockholder return compared to the stockholder return of a selected peer group. In 2017, for 60% of the performance share awards granted, a return on invested capital performance measure is used to determine the number of performance shares ultimately issuable. 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, 2016, the service and performance period for 45,953 outstanding shares granted in 2014 ended. Those performance shares were settled and distributed in the first quarter of 2017. The number of shares actually settled, as a percentage of the outstanding amount, was 89.0% . After adjusting for the related minimum tax withholdings, a net 27,878 shares were issued in the first quarter of 2017. During the first six months of 2017 , 5,000 RSUs were settled and distributed. After adjusting for minimum tax withholdings, a net 3,351 shares were issued. In connection with the issued performance shares and RSUs, the minimum tax withholding payments made during the six months ended June 30, 2017 totaled $0.8 million . During the six months ended June 30, 2017 , we had 3,594 stock option awards expire with a weighted-average exercise price of $ 66.97 . At June 30, 2017 , we had 134,266 stock option awards that were exercisable with a weighted-average exercise price of $66.85 . The following table summarizes the number of share-based awards granted under the Clearwater Paper Corporation 2008 Stock Incentive Plan during the six months ended June 30, 2017 and the grant-date fair value of the awards: Six Months Ended June 30, 2017 Number of Average Fair Restricted stock units 66,774 $ 56.45 Performance shares 33,907 58.58 Stock options 158,484 18.82 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 director equity-based compensation benefit of $1.5 million and compensation expense of $3.6 million for the three months ended June 30, 2017 and 2016 , respectively. For the six months ended June 30, 2017 and 2016 , we recorded director equity-based compensation benefit of $2.9 million and compensation expense of $4.3 million , respectively. As of June 30, 2017 , the liability amounts associated with director equity-based compensation included in "Other long-term obligations" and "Accounts payable and accrued liabilities" on the accompanying Consolidated Balance Sheet were $3.5 million and $2.4 million , respectively. At December 31, 2016 , the liability amounts associated with director equity-based compensation included in "Other long-term obligations" and "Accounts payable and accrued liabilities" totaled $7.9 million and $3.2 million , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
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: June 30, December 31, 2017 2016 Carrying Fair Carrying Fair (In thousands) Amount Value Amount Value Cash and cash equivalents (Level 1) $ 8,519 $ 8,519 $ 23,001 $ 23,001 Borrowings under revolving credit facilities (Level 1) 108,000 108,000 135,000 135,000 Long-term debt (Level 2) 575,000 569,873 575,000 567,875 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.

Business Interruption and Insur

Business Interruption and Insurance Recovery	6 Months Ended
	Jun. 30, 2017
Risks and Uncertainties [Abstract]
Business Insurance Recoveries [Text Block]	Business Interruption and Insurance Recovery On November 14, 2016, there was a fire at our Las Vegas, Nevada facility. There was minimal disruption to the converting operations at that facility. However, certain components of our paper machine were damaged, and we incurred approximately 17 days of paper machine downtime while repairs were being made. We were unable to produce through-air-dried parent rolls during this period at the Las Vegas facility. We were able to replace a portion of this lost production capacity by shipping parent rolls from our Shelby, North Carolina facility, in addition to making open market purchases. We maintain property and business interruption insurance and filed a claim with our insurance provider in the fourth quarter of 2016 to recover the cost of repairs to the equipment and estimated lost profits due to the disruption of the operations during the repair period. The total insurance claim for this event, net of policy deductible, was $3.3 million . In the fourth quarter of 2016, we recognized $1.5 million of insurance recovery associated with this claim in "Cost of sales" in our Consolidated Statement of Operations, which represented the insurance recovery for the cost of equipment repairs performed in the fourth quarter of 2016. Upon final resolution of this claim in the first quarter of 2017, we recognized an additional $1.4 million in "Cost of sales" in our Consolidated Statement of Operations, which represented insurance recovery for estimated lost profits due to the disruption of operations resulting from this event. On January 28, 2017, there was a fire at our Shelby, North Carolina facility warehouse. Although the building sustained minimal damage, the smoke and water damage to raw material and finished goods inventory was more significant. Operations were impacted during the clean-up and repair period. We filed a claim with our peril and stock insurance providers to recover the cost of repairs to the equipment and estimated lost profits and inventory due to the disruption of the operations during the repair and cleanup period. Net of policy deductibles, the insurance claim for this event totaled $2.9 million , and was settled in its entirety in the first quarter of 2017. These proceeds are included in “Cost of sales” in our consolidated Statement of Operations for the six months ended June 30, 2017.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The table below presents information about our reportable segments: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Segment net sales: Consumer Products $ 231,912 $ 247,912 $ 474,335 $ 492,930 Pulp and Paperboard 197,751 188,759 392,853 380,945 Total segment net sales $ 429,663 $ 436,671 $ 867,188 $ 873,875 Operating income (loss): Consumer Products 1 $ 10,534 $ 18,544 $ 16,723 $ 36,934 Pulp and Paperboard 21,595 40,032 48,843 75,195 32,129 58,576 65,566 112,129 Corporate 2 (12,464 ) (18,411 ) (25,343 ) (34,202 ) Income from operations $ 19,665 $ 40,165 $ 40,223 $ 77,927 Depreciation and amortization: Consumer Products 1 $ 16,292 $ 14,203 $ 34,534 $ 27,962 Pulp and Paperboard 8,356 6,449 16,461 12,816 Corporate 2 1,407 1,372 2,617 2,396 Total depreciation and amortization $ 26,055 $ 22,024 $ 53,612 $ 43,174 1 Operating income for the Consumer Products segment for the three and six months ended June 30, 2017 includes $0.3 million and $6.0 million , respectively, of costs associated with the March 31, 2017 closure of the Oklahoma City facility. Depreciation and amortization expense for the three months ended June 30, 2017 includes accelerated depreciation of $0.3 million associated with the Long Island facility and $0.2 million as a result of the warehouse automation project. In addition to these amounts, depreciation and amortization expense for the six months ended June 30, 2017 also includes $3.7 million of accelerated depreciation associated with the Oklahoma City facility closure. 2 Corporate expenses for the three and six months ended June 30, 2017 include $0.1 million and $0.2 million of expenses, respectively, associated with the acquisition of Manchester Industries. Operating results subsequent to the acquisition of Manchester Industries are included in the Pulp and Paperboard segment.

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information	6 Months Ended
	Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Financial Information	Supplemental Guarantor Financial Information All of our subsidiaries that are 100% directly or indirectly owned by Clearwater Paper, guarantee our $275 million aggregate principal amount of 4.5% senior notes issued in January 2013 and due 2023, which we refer to as the 2013 Notes, on a full and unconditional, and 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 2013 Notes. The following tables present the results of operations, financial position and cash flows of Clearwater Paper and its subsidiaries, the guarantor subsidiaries, 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 Three Months Ended June 30, 2017 Guarantor (In thousands) Issuer Subsidiaries Eliminations Total Net sales $ 419,540 $ 63,956 $ (53,833 ) $ 429,663 Cost and expenses: Cost of sales (375,784 ) (57,942 ) 52,993 (380,733 ) Selling, general and administrative expenses (23,222 ) (6,043 ) — (29,265 ) Total operating costs and expenses (399,006 ) (63,985 ) 52,993 (409,998 ) Income from operations 20,534 (29 ) (840 ) 19,665 Interest expense, net (7,582 ) (91 ) — (7,673 ) Earnings before income taxes 12,952 (120 ) (840 ) 11,992 Income tax provision (4,224 ) (52 ) 321 (3,955 ) Equity in loss of subsidiary (172 ) — 172 — Net earnings $ 8,556 $ (172 ) $ (347 ) $ 8,037 Other comprehensive income, net of tax 126 — — 126 Comprehensive income $ 8,682 $ (172 ) $ (347 ) $ 8,163 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2017 Guarantor (In thousands) Issuer Subsidiaries Eliminations Total Net sales $ 839,755 $ 140,505 $ (113,072 ) $ 867,188 Cost and expenses: Cost of sales (750,235 ) (127,680 ) 110,152 (767,763 ) Selling, general and administrative expenses (46,769 ) (12,433 ) — (59,202 ) Total operating costs and expenses (797,004 ) (140,113 ) 110,152 (826,965 ) Income from operations 42,751 392 (2,920 ) 40,223 Interest expense, net (15,574 ) (142 ) — (15,716 ) Earnings before income taxes 27,177 250 (2,920 ) 24,507 Income tax provision (10,010 ) (7 ) 1,062 (8,955 ) Equity in income of subsidiary 243 — (243 ) — Net earnings $ 17,410 $ 243 $ (2,101 ) $ 15,552 Other comprehensive income, net of tax 527 — — 527 Comprehensive income $ 17,937 $ 243 $ (2,101 ) $ 16,079 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Three Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total Net sales $ 425,637 $ 67,824 $ (56,790 ) $ 436,671 Cost and expenses: Cost of sales (356,698 ) (61,943 ) 56,790 (361,851 ) Selling, general and administrative expenses (30,817 ) (3,838 ) — (34,655 ) Total operating costs and expenses (387,515 ) (65,781 ) 56,790 (396,506 ) Income from operations 38,122 2,043 — 40,165 Interest expense, net (7,373 ) (23 ) — (7,396 ) Earnings before income taxes 30,749 2,020 — 32,769 Income tax provision (11,124 ) (781 ) — (11,905 ) Equity in income of subsidiary 1,239 — (1,239 ) — Net earnings $ 20,864 $ 1,239 $ (1,239 ) $ 20,864 Other comprehensive income, net of tax 171 — — 171 Comprehensive income $ 21,035 $ 1,239 $ (1,239 ) $ 21,035 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total Net sales $ 844,683 $ 145,449 $ (116,257 ) $ 873,875 Cost and expenses: Cost of sales (713,412 ) (133,343 ) 116,257 (730,498 ) Selling, general and administrative expenses (57,654 ) (7,796 ) — (65,450 ) Total operating costs and expenses (771,066 ) (141,139 ) 116,257 (795,948 ) Income from operations 73,617 4,310 — 77,927 Interest expense, net (15,016 ) (23 ) — (15,039 ) Earnings before income taxes 58,601 4,287 — 62,888 Income tax provision (21,594 ) (1,984 ) — (23,578 ) Equity in income of subsidiary 2,303 — (2,303 ) — Net earnings $ 39,310 $ 2,303 $ (2,303 ) $ 39,310 Other comprehensive income, net of tax 826 — — 826 Comprehensive income $ 40,136 $ 2,303 $ (2,303 ) $ 40,136 Clearwater Paper Corporation Consolidating Balance Sheet At June 30, 2017 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total ASSETS Current assets: Cash and cash equivalents $ 8,519 $ — $ — $ 8,519 Receivables, net 108,087 22,718 — 130,805 Taxes receivable 5,433 28 18 5,479 Inventories 204,231 42,002 (2,920 ) 243,313 Other current assets 7,119 747 — 7,866 Total current assets 333,389 65,495 (2,902 ) 395,982 Property, plant and equipment, net 868,143 122,918 — 991,061 Goodwill 244,283 — — 244,283 Intangible assets, net 2,612 33,901 — 36,513 Intercompany receivable (payable) 2,730 (5,650 ) 2,920 — Investment in subsidiary 145,332 — (145,332 ) — Other assets, net 11,085 3,682 (4,017 ) 10,750 TOTAL ASSETS $ 1,607,574 $ 220,346 $ (149,331 ) $ 1,678,589 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Borrowings under revolving credit facilities $ 108,000 $ — $ — $ 108,000 Accounts payable and accrued liabilities 202,026 22,133 18 224,177 Current liability for pensions and other postretirement employee benefits 7,821 — — 7,821 Total current liabilities 317,847 22,133 18 339,998 Long-term debt 570,139 — — 570,139 Liability for pensions and other postretirement employee benefits 79,442 — — 79,442 Other long-term obligations 40,642 134 — 40,776 Accrued taxes 1,736 831 — 2,567 Deferred tax liabilities 114,182 51,916 (4,017 ) 162,081 TOTAL LIABILITIES 1,123,988 75,014 (3,999 ) 1,195,003 Stockholders’ equity excluding 534,812 145,332 (145,332 ) 534,812 Accumulated other comprehensive loss, net of tax (51,226 ) — — (51,226 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,607,574 $ 220,346 $ (149,331 ) $ 1,678,589 Clearwater Paper Corporation Consolidating Balance Sheet At December 31, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total ASSETS Current assets: Cash and cash equivalents $ 19,586 $ 3,415 $ — $ 23,001 Receivables, net 130,098 27,252 (10,276 ) 147,074 Taxes receivable 15,143 35 (5,469 ) 9,709 Inventories 208,472 51,432 (1,875 ) 258,029 Other current assets 8,161 521 — 8,682 Total current assets 381,460 82,655 (17,620 ) 446,495 Property, plant and equipment, net 802,064 143,264 — 945,328 Goodwill 244,283 — — 244,283 Intangible assets, net 3,135 37,350 — 40,485 Intercompany receivable (payable) 30,034 (31,909 ) 1,875 — Investment in subsidiary 145,089 — (145,089 ) — Other assets, net 8,433 2,853 (3,535 ) 7,751 TOTAL ASSETS $ 1,614,498 $ 234,213 $ (164,369 ) $ 1,684,342 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Borrowings under revolving credit facilities $ 135,000 $ — $ — $ 135,000 Accounts payable and accrued liabilities 202,187 37,257 (15,745 ) 223,699 Current liability for pensions and other postretirement employee benefits 7,821 — — 7,821 Total current liabilities 345,008 37,257 (15,745 ) 366,520 Long-term debt 569,755 — — 569,755 Liability for pensions and other postretirement employee benefits 81,812 — — 81,812 Other long-term obligations 41,424 352 — 41,776 Accrued taxes 1,614 820 — 2,434 Deferred tax liabilities 105,012 50,695 (3,535 ) 152,172 TOTAL LIABILITIES 1,144,625 89,124 (19,280 ) 1,214,469 Stockholders’ equity excluding 521,626 145,089 (145,089 ) 521,626 Accumulated other comprehensive loss, net of tax (51,753 ) — — (51,753 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,614,498 $ 234,213 $ (164,369 ) $ 1,684,342 Clearwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2017 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 17,410 $ 243 $ (2,101 ) $ 15,552 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 37,335 16,277 — 53,612 Equity-based compensation expense 403 — — 403 Deferred tax provision 7,183 708 — 7,891 Employee benefit plans (2,183 ) — — (2,183 ) Other, net 922 345 — 1,267 Changes in working capital, net (29,619 ) 46,811 6,550 23,742 Changes in taxes receivable, net 9,710 6 (5,487 ) 4,229 Other, net (373 ) (541 ) — (914 ) Net cash flows from operating activities 40,788 63,849 (1,038 ) 103,599 CASH FLOWS FROM INVESTING ACTIVITIES Additions to property, plant and equipment (82,582 ) (3,127 ) — (85,709 ) Other, net 20 397 — 417 Net cash flows from investing activities (82,562 ) (2,730 ) — (85,292 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (4,875 ) — — (4,875 ) Borrowings on revolving credit facilities 117,000 — — 117,000 Repayments of borrowings on revolving credit facilities (144,000 ) — — (144,000 ) Investment from (to) parent 63,496 (64,534 ) 1,038 — Other, net (914 ) — — (914 ) Net cash flows from financing activities 30,707 (64,534 ) 1,038 (32,789 ) Decrease in cash and cash equivalents (11,067 ) (3,415 ) — (14,482 ) Cash and cash equivalents at beginning of period 19,586 3,415 — 23,001 Cash and cash equivalents at end of period $ 8,519 $ — $ — $ 8,519 Clearwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 39,310 $ 2,303 $ (2,303 ) $ 39,310 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 32,905 10,269 — 43,174 Equity-based compensation expense 7,716 — — 7,716 Deferred tax provision 7,858 1,954 (1,138 ) 8,674 Employee benefit plans (2,561 ) — — (2,561 ) Other, net 250 9 — 259 Changes in working capital, net (18,437 ) 6,555 (1,512 ) (13,394 ) Changes in taxes receivable, net 14,000 (1,405 ) 1,512 14,107 Other, net (854 ) (16 ) — (870 ) Net cash flows from operating activities 80,187 19,669 (3,441 ) 96,415 CASH FLOWS FROM INVESTING ACTIVITIES Additions to plant and equipment (54,049 ) (3,345 ) — (57,394 ) Other, net 250 — — 250 Net cash flows from investing activities (53,799 ) (3,345 ) — (57,144 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (35,168 ) — — (35,168 ) Borrowings on revolving credit facilities 477,169 — — 477,169 Repayments of borrowings on revolving credit facilities (477,169 ) — — (477,169 ) Investment from (to) parent 12,883 (16,324 ) 3,441 — Other, net (318 ) — — (318 ) Net cash flows from financing activities (22,603 ) (16,324 ) 3,441 (35,486 ) Increase in cash and cash equivalents 3,785 — — 3,785 Cash and cash equivalents at beginning of period 5,610 — — 5,610 Cash and cash equivalents at end of period $ 9,395 $ — $ — $ 9,395

Nature of Operations and Basi24

Nature of Operations and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2017
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 that may require 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	CASH AND CASH EQUIVALENTS We consider all highly liquid instruments with maturities of three months or less to be cash equivalents.
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 June 30, 2017 and December 31, 2016 , we had allowances for doubtful accounts of $ 1.3 million and $1.5 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 $1,626.0 million and $1,582.0 million at June 30, 2017 and December 31, 2016 , respectively. For the six months ended June 30, 2017 , we capitalized $1.8 million of interest expense associated with the construction of a continuous pulp digester at our Lewiston, Idaho pulp and paperboard facility and $0.2 million associated with the construction of a paper machine at our Shelby, North Carolina consumer products facility. For the six months ended June 30, 2016 , we capitalized $0.9 million of interest expense associated with the continuous pulp digester project. During the three months ended June 30, 2017, we received land with a fair market value of $4.2 million from the City of Shelby, North Carolina and Cleveland County. We must fulfill certain obligations within five years or repay the value of the land or return the title to the land. This balance is included in "Property, plant, and equipment, net," with a corresponding amount in "Other long-term obligations" on our Consolidated Balance Sheet as of June 30, 2017. 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.
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY On December 15, 2015, 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. The repurchase program authorizes 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. We have no obligation to repurchase stock under this program and may suspend or terminate the program at any time. In total, we have repurchased 1,440,696 shares of our outstanding common stock as of June 30, 2017, pursuant to this repurchase program, of which 84,750 shares were repurchased during the first quarter of 2017 at an average price of $57.53 per share. We did not repurchase shares during the second quarter. As of June 30, 2017 , we had up to $29.8 million of authorization remaining pursuant to this stock repurchase program.
DERIVATIVES	DERIVATIVES We had no activity during the three and six months ended June 30, 2017 and 2016 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 June 30, 2017 , these contracts covered approximately 30% of our expected average monthly natural gas requirements for the remainder of 2017 , and a lesser amount for 2018. 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)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories at the balance sheet dates consist of: (In thousands) June 30, 2017 December 31, 2016 Pulp, paperboard and tissue products $ 147,246 $ 154,460 Materials and supplies 84,737 82,005 Logs, pulpwood, chips and sawdust 11,330 21,564 $ 243,313 $ 258,029

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Finite-Lived Intangible Assets, Net [Abstract]
Intangible Assets	Intangible assets at the balance sheet dates are comprised of the following: June 30, 2017 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.3 $ 62,401 $ (30,713 ) $ 31,688 Trade names and trademarks 7.4 6,786 (2,486 ) 4,300 Non-compete agreements 5.0 574 (543 ) 31 Other intangibles 6.0 572 (78 ) 494 $ 70,333 $ (33,820 ) $ 36,513 December 31, 2016 (Dollars in thousands, lives in years) Useful Life Historical Cost Accumulated Amortization Net Balance Customer relationships 9.3 $ 62,401 $ (27,364 ) $ 35,037 Trade names and trademarks 7.4 6,786 (1,972 ) 4,814 Non-compete agreements 5.0 574 (512 ) 62 Other intangibles 6.0 572 — 572 $ 70,333 $ (29,848 ) $ 40,485

Accounts Payable and Accrued 27

Accounts Payable and Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
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) June 30, 2017 December 31, 2016 Trade accounts payable $ 139,833 $ 128,106 Accrued wages, salaries and employee benefits 39,442 49,871 Accrued interest 12,297 12,149 Accrued discounts and allowances 10,714 10,291 Accrued taxes other than income taxes payable 7,287 6,946 Accrued utilities 6,474 6,712 Other 8,130 9,624 $ 224,177 $ 223,699

Other Long-Term Obligations (Ta

Other Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2017
Other Liabilities, Noncurrent [Abstract]
Other Long-Term Obligations	Other long-term obligations at the balance sheet dates consist of: (In thousands) June 30, 2017 December 31, 2016 Long-term lease obligations, net of current portion $ 22,885 $ 23,152 Deferred proceeds 6,357 9,013 Deferred compensation 4,781 7,219 Other 6,753 2,392 $ 40,776 $ 41,776

Reclassification out of Accum29

Reclassification out of Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
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) Pension and Other Post Retirement Employee Benefit Plan Adjustments Balance at December 31, 2016 $ (51,753 ) Other comprehensive income, net of tax 1 527 Balance at June 30, 2017 $ (51,226 ) (In thousands) Pension and Other Post Retirement Employee Benefit Plan Adjustments Balance at December 31, 2015 $ (55,548 ) Other comprehensive income, net of tax 1 826 Balance at June 30, 2016 $ (54,722 ) 1 For the six months ended June 30, 2017 and 2016 , 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 were $1.6 million and $2.2 million , respectively, of actuarial loss amortization, as well as $0.8 million and $0.8 million , respectively, of prior service credit amortization, all net of tax totaling $0.3 million and $0.5 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)	6 Months Ended
	Jun. 30, 2017
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 June 30, (In thousands) 2017 2016 2017 2016 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 474 $ 382 $ 13 $ 51 Interest cost 3,296 3,633 667 810 Expected return on plan assets (4,688 ) (4,878 ) (1 ) (1 ) Amortization of prior service cost (credit) 2 6 (384 ) (428 ) Amortization of actuarial loss (gain) 2,412 2,761 (1,821 ) (2,058 ) Net periodic cost $ 1,496 $ 1,904 $ (1,526 ) $ (1,626 ) Six months ended June 30, (In thousands) 2017 2016 2017 2016 Pension Benefit Plans Other Postretirement Employee Benefit Plans Service cost $ 1,034 $ 780 $ 81 $ 125 Interest cost 6,574 7,261 1,371 1,576 Expected return on plan assets (9,382 ) (9,761 ) (1 ) (1 ) Amortization of prior service cost (credit) 4 11 (767 ) (856 ) Amortization of actuarial loss (gain) 4,937 5,645 (3,301 ) (3,441 ) Net periodic cost $ 3,167 $ 3,936 $ (2,617 ) $ (2,597 )

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic average common shares outstanding 1 16,457,196 17,065,663 16,470,525 17,293,091 Incremental shares due to: Restricted stock units 37,703 53,108 35,922 32,355 Performance shares 78,351 89,783 74,975 60,617 Stock options 16,868 25,441 30,636 — Diluted average common shares outstanding 16,590,118 17,233,995 16,612,058 17,386,063 Basic net earnings per common share $ 0.49 $ 1.22 $ 0.94 $ 2.27 Diluted net earnings per common share 0.48 1.21 0.94 2.26 Anti-dilutive shares excluded from calculation 515,322 222,026 493,150 665,605 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)	6 Months Ended
	Jun. 30, 2017
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 June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Restricted stock units $ 503 $ 367 $ 795 $ 660 Performance shares 630 819 1,226 1,436 Stock options 736 748 1,315 1,284 Total employee equity-based compensation expense $ 1,869 $ 1,934 $ 3,336 $ 3,380
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 six months ended June 30, 2017 and the grant-date fair value of the awards: Six Months Ended June 30, 2017 Number of Average Fair Restricted stock units 66,774 $ 56.45 Performance shares 33,907 58.58 Stock options 158,484 18.82

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
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: June 30, December 31, 2017 2016 Carrying Fair Carrying Fair (In thousands) Amount Value Amount Value Cash and cash equivalents (Level 1) $ 8,519 $ 8,519 $ 23,001 $ 23,001 Borrowings under revolving credit facilities (Level 1) 108,000 108,000 135,000 135,000 Long-term debt (Level 2) 575,000 569,873 575,000 567,875

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Reportable Segments Information	The table below presents information about our reportable segments: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2017 2016 2017 2016 Segment net sales: Consumer Products $ 231,912 $ 247,912 $ 474,335 $ 492,930 Pulp and Paperboard 197,751 188,759 392,853 380,945 Total segment net sales $ 429,663 $ 436,671 $ 867,188 $ 873,875 Operating income (loss): Consumer Products 1 $ 10,534 $ 18,544 $ 16,723 $ 36,934 Pulp and Paperboard 21,595 40,032 48,843 75,195 32,129 58,576 65,566 112,129 Corporate 2 (12,464 ) (18,411 ) (25,343 ) (34,202 ) Income from operations $ 19,665 $ 40,165 $ 40,223 $ 77,927 Depreciation and amortization: Consumer Products 1 $ 16,292 $ 14,203 $ 34,534 $ 27,962 Pulp and Paperboard 8,356 6,449 16,461 12,816 Corporate 2 1,407 1,372 2,617 2,396 Total depreciation and amortization $ 26,055 $ 22,024 $ 53,612 $ 43,174 1 Operating income for the Consumer Products segment for the three and six months ended June 30, 2017 includes $0.3 million and $6.0 million , respectively, of costs associated with the March 31, 2017 closure of the Oklahoma City facility. Depreciation and amortization expense for the three months ended June 30, 2017 includes accelerated depreciation of $0.3 million associated with the Long Island facility and $0.2 million as a result of the warehouse automation project. In addition to these amounts, depreciation and amortization expense for the six months ended June 30, 2017 also includes $3.7 million of accelerated depreciation associated with the Oklahoma City facility closure. 2 Corporate expenses for the three and six months ended June 30, 2017 include $0.1 million and $0.2 million of expenses, respectively, associated with the acquisition of Manchester Industries. Operating results subsequent to the acquisition of Manchester Industries are included in the Pulp and Paperboard segment.

Supplemental Guarantor Financ35

Supplemental Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 30, 2017
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 Three Months Ended June 30, 2017 Guarantor (In thousands) Issuer Subsidiaries Eliminations Total Net sales $ 419,540 $ 63,956 $ (53,833 ) $ 429,663 Cost and expenses: Cost of sales (375,784 ) (57,942 ) 52,993 (380,733 ) Selling, general and administrative expenses (23,222 ) (6,043 ) — (29,265 ) Total operating costs and expenses (399,006 ) (63,985 ) 52,993 (409,998 ) Income from operations 20,534 (29 ) (840 ) 19,665 Interest expense, net (7,582 ) (91 ) — (7,673 ) Earnings before income taxes 12,952 (120 ) (840 ) 11,992 Income tax provision (4,224 ) (52 ) 321 (3,955 ) Equity in loss of subsidiary (172 ) — 172 — Net earnings $ 8,556 $ (172 ) $ (347 ) $ 8,037 Other comprehensive income, net of tax 126 — — 126 Comprehensive income $ 8,682 $ (172 ) $ (347 ) $ 8,163 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2017 Guarantor (In thousands) Issuer Subsidiaries Eliminations Total Net sales $ 839,755 $ 140,505 $ (113,072 ) $ 867,188 Cost and expenses: Cost of sales (750,235 ) (127,680 ) 110,152 (767,763 ) Selling, general and administrative expenses (46,769 ) (12,433 ) — (59,202 ) Total operating costs and expenses (797,004 ) (140,113 ) 110,152 (826,965 ) Income from operations 42,751 392 (2,920 ) 40,223 Interest expense, net (15,574 ) (142 ) — (15,716 ) Earnings before income taxes 27,177 250 (2,920 ) 24,507 Income tax provision (10,010 ) (7 ) 1,062 (8,955 ) Equity in income of subsidiary 243 — (243 ) — Net earnings $ 17,410 $ 243 $ (2,101 ) $ 15,552 Other comprehensive income, net of tax 527 — — 527 Comprehensive income $ 17,937 $ 243 $ (2,101 ) $ 16,079 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Three Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total Net sales $ 425,637 $ 67,824 $ (56,790 ) $ 436,671 Cost and expenses: Cost of sales (356,698 ) (61,943 ) 56,790 (361,851 ) Selling, general and administrative expenses (30,817 ) (3,838 ) — (34,655 ) Total operating costs and expenses (387,515 ) (65,781 ) 56,790 (396,506 ) Income from operations 38,122 2,043 — 40,165 Interest expense, net (7,373 ) (23 ) — (7,396 ) Earnings before income taxes 30,749 2,020 — 32,769 Income tax provision (11,124 ) (781 ) — (11,905 ) Equity in income of subsidiary 1,239 — (1,239 ) — Net earnings $ 20,864 $ 1,239 $ (1,239 ) $ 20,864 Other comprehensive income, net of tax 171 — — 171 Comprehensive income $ 21,035 $ 1,239 $ (1,239 ) $ 21,035 Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total Net sales $ 844,683 $ 145,449 $ (116,257 ) $ 873,875 Cost and expenses: Cost of sales (713,412 ) (133,343 ) 116,257 (730,498 ) Selling, general and administrative expenses (57,654 ) (7,796 ) — (65,450 ) Total operating costs and expenses (771,066 ) (141,139 ) 116,257 (795,948 ) Income from operations 73,617 4,310 — 77,927 Interest expense, net (15,016 ) (23 ) — (15,039 ) Earnings before income taxes 58,601 4,287 — 62,888 Income tax provision (21,594 ) (1,984 ) — (23,578 ) Equity in income of subsidiary 2,303 — (2,303 ) — Net earnings $ 39,310 $ 2,303 $ (2,303 ) $ 39,310 Other comprehensive income, net of tax 826 — — 826 Comprehensive income $ 40,136 $ 2,303 $ (2,303 ) $ 40,136
Condensed Consolidating Balance Sheet	Clearwater Paper Corporation Consolidating Balance Sheet At June 30, 2017 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total ASSETS Current assets: Cash and cash equivalents $ 8,519 $ — $ — $ 8,519 Receivables, net 108,087 22,718 — 130,805 Taxes receivable 5,433 28 18 5,479 Inventories 204,231 42,002 (2,920 ) 243,313 Other current assets 7,119 747 — 7,866 Total current assets 333,389 65,495 (2,902 ) 395,982 Property, plant and equipment, net 868,143 122,918 — 991,061 Goodwill 244,283 — — 244,283 Intangible assets, net 2,612 33,901 — 36,513 Intercompany receivable (payable) 2,730 (5,650 ) 2,920 — Investment in subsidiary 145,332 — (145,332 ) — Other assets, net 11,085 3,682 (4,017 ) 10,750 TOTAL ASSETS $ 1,607,574 $ 220,346 $ (149,331 ) $ 1,678,589 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Borrowings under revolving credit facilities $ 108,000 $ — $ — $ 108,000 Accounts payable and accrued liabilities 202,026 22,133 18 224,177 Current liability for pensions and other postretirement employee benefits 7,821 — — 7,821 Total current liabilities 317,847 22,133 18 339,998 Long-term debt 570,139 — — 570,139 Liability for pensions and other postretirement employee benefits 79,442 — — 79,442 Other long-term obligations 40,642 134 — 40,776 Accrued taxes 1,736 831 — 2,567 Deferred tax liabilities 114,182 51,916 (4,017 ) 162,081 TOTAL LIABILITIES 1,123,988 75,014 (3,999 ) 1,195,003 Stockholders’ equity excluding 534,812 145,332 (145,332 ) 534,812 Accumulated other comprehensive loss, net of tax (51,226 ) — — (51,226 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,607,574 $ 220,346 $ (149,331 ) $ 1,678,589 Clearwater Paper Corporation Consolidating Balance Sheet At December 31, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total ASSETS Current assets: Cash and cash equivalents $ 19,586 $ 3,415 $ — $ 23,001 Receivables, net 130,098 27,252 (10,276 ) 147,074 Taxes receivable 15,143 35 (5,469 ) 9,709 Inventories 208,472 51,432 (1,875 ) 258,029 Other current assets 8,161 521 — 8,682 Total current assets 381,460 82,655 (17,620 ) 446,495 Property, plant and equipment, net 802,064 143,264 — 945,328 Goodwill 244,283 — — 244,283 Intangible assets, net 3,135 37,350 — 40,485 Intercompany receivable (payable) 30,034 (31,909 ) 1,875 — Investment in subsidiary 145,089 — (145,089 ) — Other assets, net 8,433 2,853 (3,535 ) 7,751 TOTAL ASSETS $ 1,614,498 $ 234,213 $ (164,369 ) $ 1,684,342 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Borrowings under revolving credit facilities $ 135,000 $ — $ — $ 135,000 Accounts payable and accrued liabilities 202,187 37,257 (15,745 ) 223,699 Current liability for pensions and other postretirement employee benefits 7,821 — — 7,821 Total current liabilities 345,008 37,257 (15,745 ) 366,520 Long-term debt 569,755 — — 569,755 Liability for pensions and other postretirement employee benefits 81,812 — — 81,812 Other long-term obligations 41,424 352 — 41,776 Accrued taxes 1,614 820 — 2,434 Deferred tax liabilities 105,012 50,695 (3,535 ) 152,172 TOTAL LIABILITIES 1,144,625 89,124 (19,280 ) 1,214,469 Stockholders’ equity excluding 521,626 145,089 (145,089 ) 521,626 Accumulated other comprehensive loss, net of tax (51,753 ) — — (51,753 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,614,498 $ 234,213 $ (164,369 ) $ 1,684,342
Condensed Consolidating Statement of Cash Flows	learwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2017 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 17,410 $ 243 $ (2,101 ) $ 15,552 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 37,335 16,277 — 53,612 Equity-based compensation expense 403 — — 403 Deferred tax provision 7,183 708 — 7,891 Employee benefit plans (2,183 ) — — (2,183 ) Other, net 922 345 — 1,267 Changes in working capital, net (29,619 ) 46,811 6,550 23,742 Changes in taxes receivable, net 9,710 6 (5,487 ) 4,229 Other, net (373 ) (541 ) — (914 ) Net cash flows from operating activities 40,788 63,849 (1,038 ) 103,599 CASH FLOWS FROM INVESTING ACTIVITIES Additions to property, plant and equipment (82,582 ) (3,127 ) — (85,709 ) Other, net 20 397 — 417 Net cash flows from investing activities (82,562 ) (2,730 ) — (85,292 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (4,875 ) — — (4,875 ) Borrowings on revolving credit facilities 117,000 — — 117,000 Repayments of borrowings on revolving credit facilities (144,000 ) — — (144,000 ) Investment from (to) parent 63,496 (64,534 ) 1,038 — Other, net (914 ) — — (914 ) Net cash flows from financing activities 30,707 (64,534 ) 1,038 (32,789 ) Decrease in cash and cash equivalents (11,067 ) (3,415 ) — (14,482 ) Cash and cash equivalents at beginning of period 19,586 3,415 — 23,001 Cash and cash equivalents at end of period $ 8,519 $ — $ — $ 8,519 Clearwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2016 (In thousands) Issuer Guarantor Subsidiaries Eliminations Total CASH FLOWS FROM OPERATING ACTIVITIES Net earnings $ 39,310 $ 2,303 $ (2,303 ) $ 39,310 Adjustments to reconcile net earnings to net cash flows from operating activities: Depreciation and amortization 32,905 10,269 — 43,174 Equity-based compensation expense 7,716 — — 7,716 Deferred tax provision 7,858 1,954 (1,138 ) 8,674 Employee benefit plans (2,561 ) — — (2,561 ) Other, net 250 9 — 259 Changes in working capital, net (18,437 ) 6,555 (1,512 ) (13,394 ) Changes in taxes receivable, net 14,000 (1,405 ) 1,512 14,107 Other, net (854 ) (16 ) — (870 ) Net cash flows from operating activities 80,187 19,669 (3,441 ) 96,415 CASH FLOWS FROM INVESTING ACTIVITIES Additions to plant and equipment (54,049 ) (3,345 ) — (57,394 ) Other, net 250 — — 250 Net cash flows from investing activities (53,799 ) (3,345 ) — (57,144 ) CASH FLOWS FROM FINANCING ACTIVITIES Purchase of treasury stock (35,168 ) — — (35,168 ) Borrowings on revolving credit facilities 477,169 — — 477,169 Repayments of borrowings on revolving credit facilities (477,169 ) — — (477,169 ) Investment from (to) parent 12,883 (16,324 ) 3,441 — Other, net (318 ) — — (318 ) Net cash flows from financing activities (22,603 ) (16,324 ) 3,441 (35,486 ) Increase in cash and cash equivalents 3,785 — — 3,785 Cash and cash equivalents at beginning of period 5,610 — — 5,610 Cash and cash equivalents at end of period $ 9,395 $ — $ — $ 9,395

Nature of Operations and Basi36

Nature of Operations and Basis of Presentation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		16 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017	Aug. 01, 2017	Dec. 15, 2015
Nature of Operations
Business Combination, Consideration Transferred		$ 71,700
Restricted Cash and Cash Equivalents, Current		0	$ 0
Restricted Cash and Cash Equivalents, Noncurrent		0	0
Allowance for doubtful accounts		1,500	1,300
Accumulated depreciation		$ 1,582,000	1,626,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 29,800
Percentage Of Expected Natural Gas Requirement Covered Under Contract			30.00%
Interest Costs Capitalized			$ 1,800	$ 900
Shelby paper machine interest cost capitalized			200
Entity Common Stock, Shares Outstanding						16,433,415
Land			$ 4,200
Common Stock
Nature of Operations
Common stock repurchase authorized							$ 100,000
Number of shares repurchased (in shares)	84,750				1,440,696
Treasury Stock Acquired, Average Cost Per Share	$ 57.53

Recently Adopted and New Acco37

Recently Adopted and New Accounting Standards Recently Adopted and New Accounting Standards (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Proceeds and Excess Tax Benefit from Share-based Compensation	$ 1
Diluted EPS impact of adoption of ASU 2016-09	$ 0.06
Defined Benefit Plan, Net Periodic Benefit Cost		$ 5.3
Defined Benefit Plan, Service Cost		$ 1.8

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Pulp, paperboard and tissue products	$ 147,246	$ 154,460
Materials and supplies	84,737	82,005
Logs, pulpwood, chips and sawdust	11,330	21,564
Inventories	$ 243,313	$ 258,029

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 2,100	$ 1,200	$ 4,000	$ 2,500
Historical Cost	70,333		70,333		$ 70,333
Accumulated Amortization	(33,820)		(33,820)		(29,848)
Net Balance	36,513		$ 36,513		$ 40,485
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life			9 years 4 months		9 years 4 months
Historical Cost	62,401		$ 62,401		$ 62,401
Accumulated Amortization	(30,713)		(30,713)		(27,364)
Net Balance	31,688		$ 31,688		$ 35,037
Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Useful Life			7 years 5 months		7 years 5 months
Historical Cost	6,786		$ 6,786		$ 6,786
Accumulated Amortization	(2,486)		(2,486)		(1,972)
Net Balance	4,300		$ 4,300		$ 4,814
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Useful Life			5 years		5 years
Historical Cost	574		$ 574		$ 574
Accumulated Amortization	(543)		(543)		(512)
Net Balance	31		$ 31		$ 62
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Useful Life			6 years		6 years
Historical Cost	572		$ 572		$ 572
Accumulated Amortization	(78)		(78)		0
Net Balance	$ 494		$ 494		$ 572

Taxes - Additional Information

Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017
Operating Loss Carryforwards [Line Items]
Estimated Annual Effective Tax Rate	33.00%	37.00%
Proceeds and Excess Tax Benefit from Share-based Compensation			$ 1

Accounts Payable and Accrued 41

Accounts Payable and Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Abstract]
Trade accounts payable	$ 139,833	$ 128,106
Accrued wages, salaries and employee benefits	39,442	49,871
Accrued discounts and allowances	10,714	10,291
Accrued taxes other than income taxes payable	7,287	6,946
Accrued utilities	6,474	6,712
Accrued interest	12,297	12,149
Other	8,130	9,624
Accounts payable and accrued liabilities	$ 224,177	$ 223,699

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Jan. 21, 2013
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 108,000		$ 135,000
Line of Credit, Current	108,000		$ 135,000
Repayments of Lines of Credit	144,000	$ 477,169
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000
Minimum
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	0.0125
Line of Credit Facility, Commitment Fee Percentage	0.20%
Maximum
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	0.02
Line of Credit Facility, Commitment Fee Percentage	0.35%
Contractual Interest Rate Reduction [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	0.01
Interest rate increase [Domain]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	0.0025
Senior Notes Due 2023
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 275,000
Debt instrument, interest rate				4.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding stand by letters of credit	$ 6,800
Credit facility available to draw	185,200
Northwest Farm Credit [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	100,000
Wells Fargo [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000

Other Long-Term Obligations (De

Other Long-Term Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Other Liabilities, Noncurrent [Abstract]
Long-term lease obligations, net of current portion	$ 22,885	$ 23,152
Deferred proceeds	6,357	9,013
Deferred compensation	4,781	7,219
Other	6,753	2,392
Other long-term obligations	$ 40,776	$ 41,776

Reclassification out of Accum44

Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Period opening balance				$ (51,753)
Net current period other comprehensive income ending balance		$ 126	$ 171	527	$ 826
Period closing balance		(51,226)		(51,226)
Amortization of actuarial loss included in net periodic cost, before tax				(1,600)	(2,200)
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax				800	800
Other comprehensive income (loss), tax				300	500
Defined Benefit Pension Plan Adjustments
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]
Period opening balance				(51,753)	(55,548)
Net current period other comprehensive income ending balance	[1]			527	826
Period closing balance		$ (51,226)	$ (54,722)	$ (51,226)	$ (54,722)
[1]	For the six months ended June 30, 2017 and 2016, 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 were $1.6 million and $2.2 million, respectively, of actuarial loss amortization, as well as $0.8 million and $0.8 million, respectively, of prior service credit amortization, all net of tax totaling $0.3 million and $0.5 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 Postretirem45

Pension and Other Postretirement Employee Benefit Plans - Additional Information (Detail 1) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$ 0
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contribution				$ 0.2
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year				0.4
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contribution				0	$ 0
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	$ 0.1		$ 0.1	$ 0.3	0.8
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	$ 0.1	$ 0.2	$ 0.1		$ 0.5

Pension and Other Postretirem46

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		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost					$ 1,800
Net periodic cost					$ 5,300
Pension Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	$ 474	$ 382	$ 1,034	$ 780
Interest cost	3,296	3,633	6,574	7,261
Expected return on plan assets	(4,688)	(4,878)	(9,382)	(9,761)
Amortization of prior service cost (credit)	2	6	4	11
Amortization of actuarial loss	2,412	2,761	4,937	5,645
Net periodic cost	1,496	1,904	3,167	3,936
Other Postretirement Employee Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	13	51	81	125
Interest cost	667	810	1,371	1,576
Expected return on plan assets	(1)	(1)	(1)	(1)
Amortization of prior service cost (credit)	(384)	(428)	(767)	(856)
Amortization of actuarial loss	(1,821)	(2,058)	(3,301)	(3,441)
Net periodic cost	$ (1,526)	$ (1,626)	$ (2,617)	$ (2,597)

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		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic average common shares outstanding	[1]	16,457,196	17,065,663	16,470,525	17,293,091
Incremental shares due to:
Restricted stock units		37,703	53,108	35,922	32,355
Performance shares		78,351	89,783	74,975	60,617
Incremental Common Shares Attributable to Stock Options		16,868	25,441	30,636	0
Diluted average common shares outstanding		16,590,118	17,233,995	16,612,058	17,386,063
Basic net earnings per common share (in dollars per share)		$ 0.49	$ 1.22	$ 0.94	$ 2.27
Diluted net earnings per common share (in dollars per share)		$ 0.48	$ 1.21	$ 0.94	$ 2.26
Anti-dilutive shares excluded from calculation		515,322	222,026	493,150	665,605
[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			6 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance share payout measured by total shareholder return	40.00%			40.00%
Percentage of performance share payout measured by return on invested capital	60.00%			60.00%
Allocated Share-based Compensation Expense	$ 1,869		$ 1,934	$ 3,336	$ 3,380
Cash paid for minimum tax withholdings				$ 790
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		89.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period				3,594
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price				$ 66.97
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	134,266			134,266
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 66.85			$ 66.85
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 630		819	$ 1,226	1,436
Shares issued (in shares)		27,878
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Shares Settled		45,953
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	503		367	$ 795	660
Shares issued (in shares)				3,351
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested Shares Settled				5,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	736		748	$ 1,315	1,284
Options, Grants in Period, Gross				158,484
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	(1,500)		$ 3,600
Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost Reversal					$ (4,300)
Deferred Compensation Share-based Arrangements, Liability, Classified, Noncurrent	3,500			$ 3,500		$ 7,900
Deferred Compensation Cash-based Arrangements, Liability, Classified, Noncurrent	$ 2,400			$ 2,400		$ 3,200
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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 1,869	$ 1,934	$ 3,336	$ 3,380
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	503	367	795	660
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	630	819	1,226	1,436
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 736	$ 748	$ 1,315	$ 1,284

Equity-Based Compensation Summa

Equity-Based Compensation Summary of Number of Share-Based Awards Granted (Detail)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based awards granted | shares	33,907
Grant-date fair value of awards per share | $ / shares	$ 58.58
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based awards granted | shares	66,774
Grant-date fair value of awards per share | $ / shares	$ 56.45
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant-date fair value of awards per share | $ / shares	$ 18.82
Options, Grants in Period, Gross | shares	158,484

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 108,000	$ 135,000
Line of Credit, Current	108,000	135,000
Cash, restricted cash, and short-term investments (Level 1)	8,519	23,001
Long-term debt (Level 1)	569,873	567,875
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	108,000	135,000
Cash, restricted cash, and short-term investments (Level 1)	8,519	23,001
Long-term debt (Level 1)	$ 575,000	$ 575,000

Business Interruption and Ins52

Business Interruption and Insurance Recovery (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2017
Shelby facility [Member]
Segment Reporting Information [Line Items]
Operating Insurance and Claims Costs, Production	$ 2.9
Las Vegas facility [Member] [Domain]
Segment Reporting Information [Line Items]
Operating Insurance and Claims Costs, Production	$ 1.4	$ 1.5	$ 3.3

Segment Information Reportable

Segment Information Reportable Segments Information (Detail) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2017		Jun. 30, 2016		Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Net sales		$ 429,663		$ 436,671		$ 867,188	$ 873,875
Income from operations		19,665		40,165		40,223	77,927
Depreciation and amortization		26,055		22,024		53,612	43,174
Business Acquisition, Transaction Costs		100				200
Consumer Products
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Accelerated Depreciation						200
Net sales		231,912		247,912		474,335	492,930
Income from operations		10,534	[1]	18,544	[1]	16,723	36,934
Depreciation and amortization		16,292	[1]	14,203	[1]	34,534	27,962
Pulp and Paperboard
Segment Reporting Information [Line Items]
Net sales		197,751		188,759		392,853	380,945
Income from operations		21,595	[2]	40,032	[2]	48,843	75,195
Depreciation and amortization		8,356	[2]	6,449	[2]	16,461	12,816
Operating Segments
Segment Reporting Information [Line Items]
Income from operations		32,129		58,576		65,566	112,129
Corporate
Segment Reporting Information [Line Items]
Income from operations	[2]	(12,464)		(18,411)		(25,343)	(34,202)
Depreciation and amortization		$ 1,407	[2]	$ 1,372	[2]	2,617	$ 2,396
Oklahoma City [Domain] | Consumer Products
Segment Reporting Information [Line Items]
Other Nonrecurring Expense, Planned Permaent Facility Closure						6,000
Restructuring and Related Cost, Accelerated Depreciation						3,700
Long Island [Domain] | Consumer Products
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Accelerated Depreciation						$ 300
[1]	1 Operating income for the Consumer Products segment for the three and six months ended June 30, 2017 includes $0.3 million and $6.0 million, respectively, of costs associated with the March 31, 2017 closure of the Oklahoma City facility. Depreciation and amortization expense for the three months ended June 30, 2017 includes accelerated depreciation of $0.3 million associated with the Long Island facility and $0.2 million as a result of the warehouse automation project. In addition to these amounts, depreciation and amortization expense for the six months ended June 30, 2017 also includes $3.7 million of accelerated depreciation associated with the Oklahoma City facility closure.
[2]	2 Corporate expenses for the three and six months ended June 30, 2017 include $0.1 million and $0.2 million of expenses, respectively, associated with the acquisition of Manchester Industries. Operating results subsequent to the acquisition of Manchester Industries are included in the Pulp and Paperboard segment.

Supplemental Guarantor Financ54

Supplemental Guarantor Financial Information Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 429,663	$ 436,671	$ 867,188	$ 873,875
Cost and expenses:
Cost of sales	(380,733)	(361,851)	(767,763)	(730,498)
Selling, general and administrative expenses	(29,265)	(34,655)	(59,202)	(65,450)
Total operating costs and expenses	(409,998)	(396,506)	(826,965)	(795,948)
Income (loss) from operations	19,665	40,165	40,223	77,927
Interest expense, net	(7,673)	(7,396)	(15,716)	(15,039)
Earnings (loss) before income taxes	11,992	32,769	24,507	62,888
Income tax (provision) benefit	(3,955)	(11,905)	(8,955)	(23,578)
Equity in income (loss) of subsidiary	0	0	0	0
Net earnings (loss)	8,037	20,864	15,552	39,310
Other comprehensive income, net of tax	126	171	527	826
Comprehensive income	8,163	21,035	16,079	40,136
Issuer
Condensed Financial Statements, Captions [Line Items]
Net sales	419,540	425,637	839,755	844,683
Cost and expenses:
Cost of sales	(375,784)	(356,698)	(750,235)	(713,412)
Selling, general and administrative expenses	(23,222)	(30,817)	(46,769)	(57,654)
Total operating costs and expenses	(399,006)	(387,515)	(797,004)	(771,066)
Income (loss) from operations	20,534	38,122	42,751	73,617
Interest expense, net	(7,582)	(7,373)	(15,574)	(15,016)
Earnings (loss) before income taxes	12,952	30,749	27,177	58,601
Income tax (provision) benefit	(4,224)	(11,124)	(10,010)	(21,594)
Equity in income (loss) of subsidiary	(172)	1,239	243	2,303
Net earnings (loss)	8,556	20,864	17,410	39,310
Other comprehensive income, net of tax	126	171	527	826
Comprehensive income	8,682	21,035	17,937	40,136
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	63,956	67,824	140,505	145,449
Cost and expenses:
Cost of sales	(57,942)	(61,943)	(127,680)	(133,343)
Selling, general and administrative expenses	(6,043)	(3,838)	(12,433)	(7,796)
Total operating costs and expenses	(63,985)	(65,781)	(140,113)	(141,139)
Income (loss) from operations	(29)	2,043	392	4,310
Interest expense, net	(91)	(23)	(142)	(23)
Earnings (loss) before income taxes	(120)	2,020	250	4,287
Income tax (provision) benefit	(52)	(781)	(7)	(1,984)
Equity in income (loss) of subsidiary	0	0	0	0
Net earnings (loss)	(172)	1,239	243	2,303
Other comprehensive income, net of tax	0	0	0	0
Comprehensive income	(172)	1,239	243	2,303
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(53,833)	(56,790)	(113,072)	(116,257)
Cost and expenses:
Cost of sales	52,993	56,790	110,152	116,257
Selling, general and administrative expenses	0	0	0	0
Total operating costs and expenses	52,993	56,790	110,152	116,257
Income (loss) from operations	(840)	0	(2,920)	0
Interest expense, net	0	0	0	0
Earnings (loss) before income taxes	(840)	0	(2,920)	0
Income tax (provision) benefit	321	0	1,062	0
Equity in income (loss) of subsidiary	172	(1,239)	(243)	(2,303)
Net earnings (loss)	(347)	(1,239)	(2,101)	(2,303)
Other comprehensive income, net of tax	0	0	0	0
Comprehensive income	$ (347)	$ (1,239)	$ (2,101)	$ (2,303)

Supplemental Guarantor Financ55

Supplemental Guarantor Financial Information Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 8,519	$ 23,001	$ 9,395	$ 5,610
Restricted cash	0	0
Short-term investments	0	0
Receivables, net	130,805	147,074
Taxes receivable	5,479	9,709
Inventories	243,313	258,029
Other Assets, Current	7,866	8,682
Total current assets	395,982	446,495
Property, plant and equipment, net	991,061	945,328
Goodwill	244,283	244,283
Intangible assets, net	36,513	40,485
Investment in subsidiary	0	0
Other assets, net	10,750	7,751
TOTAL ASSETS	1,678,589	1,684,342
Line of Credit, Current	108,000	135,000
Current liabilities:
Accounts payable and accrued liabilities	224,177	223,699
Current liability for pensions and other postretirement employee benefits	7,821	7,821
Total current liabilities	339,998	366,520
Long-term debt	570,139	569,755
Liability for pensions and other postretirement employee benefits	79,442	81,812
Other long-term obligations	40,776	41,776
Accrued taxes	2,567	2,434
Deferred Tax Liabilities, Gross, Noncurrent	162,081	152,172
Liabilities	1,195,003	1,214,469
Accumulated other comprehensive loss, net of tax	(51,226)	(51,753)
Stockholders' equity excluding accumulated other comprehensive loss	534,812	521,626
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,678,589	1,684,342
Issuer
Current assets:
Cash	8,519	19,586	9,395	5,610
Receivables, net	108,087	130,098
Taxes receivable	5,433	15,143
Inventories	204,231	208,472
Other Assets, Current	7,119	8,161
Total current assets	333,389	381,460
Property, plant and equipment, net	868,143	802,064
Goodwill	244,283	244,283
Intangible assets, net	2,612	3,135
Intercompany receivable (payable)	2,730	30,034
Investment in subsidiary	145,332	145,089
Other assets, net	11,085	8,433
TOTAL ASSETS	1,607,574	1,614,498
Line of Credit, Current	108,000	135,000
Current liabilities:
Accounts payable and accrued liabilities	202,026	202,187
Current liability for pensions and other postretirement employee benefits	7,821	7,821
Total current liabilities	317,847	345,008
Long-term debt	570,139	569,755
Liability for pensions and other postretirement employee benefits	79,442	81,812
Other long-term obligations	40,642	41,424
Accrued taxes	1,736	1,614
Deferred Tax Liabilities, Gross, Noncurrent	114,182	105,012
Liabilities	1,123,988	1,144,625
Accumulated other comprehensive loss, net of tax	(51,226)	(51,753)
Stockholders' equity excluding accumulated other comprehensive loss	534,812	521,626
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,607,574	1,614,498
Guarantor Subsidiaries
Current assets:
Cash	0	3,415	0	0
Receivables, net	22,718	27,252
Taxes receivable	28	35
Inventories	42,002	51,432
Other Assets, Current	747	521
Total current assets	65,495	82,655
Property, plant and equipment, net	122,918	143,264
Goodwill	0	0
Intangible assets, net	33,901	37,350
Intercompany receivable (payable)	(5,650)	(31,909)
Investment in subsidiary	0	0
Other assets, net	3,682	2,853
TOTAL ASSETS	220,346	234,213
Line of Credit, Current	0	0
Current liabilities:
Accounts payable and accrued liabilities	22,133	37,257
Current liability for pensions and other postretirement employee benefits	0	0
Total current liabilities	22,133	37,257
Long-term debt	0	0
Liability for pensions and other postretirement employee benefits	0	0
Other long-term obligations	134	352
Accrued taxes	831	820
Deferred Tax Liabilities, Gross, Noncurrent	51,916	50,695
Liabilities	75,014	89,124
Accumulated other comprehensive loss, net of tax	0	0
Stockholders' equity excluding accumulated other comprehensive loss	145,332	145,089
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	220,346	234,213
Eliminations
Current assets:
Cash	0	0	$ 0	$ 0
Receivables, net	0	(10,276)
Taxes receivable	18	(5,469)
Inventories	(2,920)	(1,875)
Other Assets, Current	0	0
Total current assets	(2,902)	(17,620)
Property, plant and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Intercompany receivable (payable)	2,920	1,875
Investment in subsidiary	(145,332)	(145,089)
Other assets, net	(4,017)	(3,535)
TOTAL ASSETS	(149,331)	(164,369)
Line of Credit, Current	0	0
Current liabilities:
Accounts payable and accrued liabilities	18	(15,745)
Current liability for pensions and other postretirement employee benefits	0	0
Total current liabilities	18	(15,745)
Long-term debt	0	0
Liability for pensions and other postretirement employee benefits	0	0
Other long-term obligations	0	0
Accrued taxes	0	0
Deferred Tax Liabilities, Gross, Noncurrent	(4,017)	(3,535)
Liabilities	(3,999)	(19,280)
Accumulated other comprehensive loss, net of tax	0	0
Stockholders' equity excluding accumulated other comprehensive loss	(145,332)	(145,089)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ (149,331)	$ (164,369)

Supplemental Guarantor Financ56

Supplemental Guarantor Financial Information Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	$ 8,037	$ 20,864	$ 15,552	$ 39,310
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	26,055	22,024	53,612	43,174
Equity-based compensation expense			403	7,716
Deferred tax expense (benefit)			7,891	8,674
Employee benefit plans			2,183	2,561
Increase (Decrease) in Other Operating Assets and Liabilities, Net			1,267	259
Changes in working capital, net			23,742	(13,394)
Change in taxes receivable, net			4,229	14,107
Other Operating Activities, Cash Flow Statement			(914)	(870)
Net cash provided by operating activities			103,599	96,415
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment			(85,709)	(57,394)
Payments for (Proceeds from) Other Investing Activities			417	250
Net cash used for investing activities			(85,292)	(57,144)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock			(4,875)	(35,168)
Investment (to) from Parent			0	0
Proceeds from Lines of Credit			117,000	477,169
Repayments of Lines of Credit			(144,000)	(477,169)
Payment of tax withholdings on equity-based payment arrangements			(790)
Proceeds from (Payments for) Other Financing Activities			(914)	(318)
Net cash (used for) provided by financing activities			(32,789)	(35,486)
Increase in cash			(14,482)	3,785
Cash at beginning of period			23,001	5,610
Cash at end of period	8,519	9,395	8,519	9,395
Issuer
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	8,556	20,864	17,410	39,310
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			37,335	32,905
Equity-based compensation expense			403	7,716
Deferred tax expense (benefit)			7,183	7,858
Employee benefit plans			2,183	2,561
Increase (Decrease) in Other Operating Assets and Liabilities, Net			922	250
Changes in working capital, net			(29,619)	(18,437)
Change in taxes receivable, net			9,710	14,000
Other Operating Activities, Cash Flow Statement			(373)	(854)
Net cash provided by operating activities			40,788	80,187
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment			(82,582)	(54,049)
Payments for (Proceeds from) Other Investing Activities			20	250
Net cash used for investing activities			(82,562)	(53,799)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock			(4,875)	(35,168)
Investment (to) from Parent			63,496	12,883
Proceeds from Lines of Credit			117,000	477,169
Repayments of Lines of Credit			(144,000)	(477,169)
Proceeds from (Payments for) Other Financing Activities			(914)	(318)
Net cash (used for) provided by financing activities			30,707	(22,603)
Increase in cash			(11,067)	3,785
Cash at beginning of period			19,586	5,610
Cash at end of period	8,519	9,395	8,519	9,395
Guarantor Subsidiaries
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	(172)	1,239	243	2,303
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization			16,277	10,269
Equity-based compensation expense			0	0
Deferred tax expense (benefit)			708	1,954
Employee benefit plans			0	0
Increase (Decrease) in Other Operating Assets and Liabilities, Net			345	9
Changes in working capital, net			46,811	6,555
Change in taxes receivable, net			6	(1,405)
Other Operating Activities, Cash Flow Statement			(541)	(16)
Net cash provided by operating activities			63,849	19,669
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment			(3,127)	(3,345)
Payments for (Proceeds from) Other Investing Activities			397	0
Net cash used for investing activities			(2,730)	(3,345)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock			0	0
Investment (to) from Parent			(64,534)	(16,324)
Proceeds from Lines of Credit			0	0
Repayments of Lines of Credit			0	0
Proceeds from (Payments for) Other Financing Activities			0	0
Net cash (used for) provided by financing activities			(64,534)	(16,324)
Increase in cash			(3,415)	0
Cash at beginning of period			3,415	0
Cash at end of period	0	0	0	0
Eliminations
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	(347)	(1,239)	(2,101)	(2,303)
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
Deferred tax expense (benefit)			0	(1,138)
Employee benefit plans			0	0
Increase (Decrease) in Other Operating Assets and Liabilities, Net			0	0
Changes in working capital, net			6,550	(1,512)
Change in taxes receivable, net			(5,487)	1,512
Other Operating Activities, Cash Flow Statement			0	0
Net cash provided by operating activities			(1,038)	(3,441)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to plant and equipment			0	0
Payments for (Proceeds from) Other Investing Activities			0	0
Net cash used for investing activities			0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock			0	0
Investment (to) from Parent			1,038	3,441
Proceeds from Lines of Credit			0	0
Repayments of Lines of Credit			0	0
Proceeds from (Payments for) Other Financing Activities			0	0
Net cash (used for) provided by financing activities			1,038	3,441
Increase in cash			0	0
Cash at beginning of period			0	0
Cash at end of period	$ 0	$ 0	$ 0	$ 0