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Joint Venture Investment (Tables) | 6 Months Ended
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Jun. 30, 2013
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation [Table Text Block] | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:
| April 4, 2013
Accounts receivable, net | $ | 9,777 |
Inventory | 2,465 |
Other current assets | 6,767 |
Timber and timberlands, net | 545,287 |
Other assets | 25,436 |
Total identifiable assets acquired | 589,732 |
Accounts payable | 11,679 |
Current maturities of long-term debt | 3,843 |
Accrued interest | 2,038 |
Other current liabilities | 3,624 |
Long-term debt (third party) | 196,319 |
Long-term debt (shareholders) (a) | 125,532 |
Other non-current liabilities | 13,565 |
Total liabilities assumed | 356,600 |
Net identifiable assets | 233,132 |
Less: Fair value of equity method investment | (93,253 | )
Purchase price | $ | 139,879 |
(a) Long-term debt included $125.5 million of shareholder loans payable to the noncontrolling interest by the JV. Subsequent to the acquisition date, $96.0 million of the noncontrolling interest’s shareholder loans were converted to preferred equity.
Business Acquisition, Pro Forma Information [Table Text Block] | The amounts of revenue and earnings of the JV included in the Company’s Consolidated Statements of Income and Comprehensive Income from the acquisition date to the period ended June 30, 2013 are as follows:
| Revenue and earnings from April 4, 2013 to June 30, 2013
Sales | $ | 47,426 |
Net Income | 2,076 |
The following represents the pro forma consolidated sales and net income as if the JV had been included in the consolidated results of the Company for the three and six months ended June 30, 2013 and 2012:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Sales | $ | 409,077 |  |  | $ | 399,228 |  |  | $ | 837,322 |  |  | $ | 778,810 |
Net Income | $ | 87,891 |  |  | $ | 67,376 |  |  | $ | 233,867 |  |  | $ | 118,730 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479 + Details
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