Stockholder's Equity

3 Months Ended

Mar. 27, 2021

Stockholders' Equity

An analysis of stockholders’ equity is shown below (share amounts not in thousands):



	Common Stock			Additional Paid in Capital	Retained Earnings		Accumulated Other Comprehensive Loss		Total Stockholders’ Equity
	Shares	Par Value









For the three months ended March 27, 2021
Balance, January 1, 2021	63,359,839	$	633		$	405,161	$	422,928	$	(133,635)	$	695,087
Net income (loss)	—	—			—		(27,027)		—		(27,027)
Other comprehensive income (loss), net of tax	—	—			—		—		(7,234)		(7,234)

Issuance of common stock under incentive stock plans	369,713	4			(4)		—		—		—
Stock-based compensation	—	—			(653)		—		—		(653)
Repurchase of common shares (a)	(132,196)	(1)			(1,418)		—		—		(1,419)


Balance, March 27, 2021	63,597,356	$	636		$	403,086	$	395,901	$	(140,869)	$	658,754













For the three months ended March 28, 2020
Balance, January 1, 2020	63,136,129	$	632		$	399,020	$	422,373	$	(139,227)	$	682,798
Net income (loss)	—	—			—		(24,127)		—		(24,127)
Other comprehensive income (loss), net of tax	—	—			—		—		(20,558)		(20,558)

Issuance of common stock under incentive stock plans	290,689	3			(3)		—		—		—
Stock-based compensation	—	—			1,943		—		—		1,943
Repurchase of common shares (a)	(179,951)	(3)			(435)		—		—		(438)


Balance, March 28, 2020	63,246,867	$	632		$	400,525	$	398,246	$	(159,785)	$	639,618

(a) Repurchased to satisfy the tax withholding requirements related to the issuance of stock under the Rayonier Advanced Materials Incentive Stock Plan.

Common Stock Buyback

On January 29, 2018, the Board of Directors authorized a share buyback program pursuant to which the Company may, from time to time, purchase shares of its common stock with an aggregate purchase price of up to $100 million. During the three months ended March 27, 2021 and March 28, 2020, the Company did not repurchase any common shares under this buyback program. As of March 27, 2021, there was approximately $60 million of share repurchase authorization remaining under the program. The Company does not expect to utilize any further authorization in the near future.