Segment and Geographical Information (Notes)

3 Months Ended

Mar. 31, 2012

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment and Geographical Information [Text Block]

7. SEGMENT AND GEOGRAPHICAL INFORMATION

Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers, and Wood Products. Forest Resources sales include all activities that relate to the harvesting of timber. Real Estate sales include all property sales, including those designated for higher and better use ("HBU"). The assets of the Real Estate segment include HBU property held by the Company’s real estate subsidiary, TerraPointe LLC. The Performance Fibers segment includes two major product lines, cellulose specialties and absorbent materials. The Wood Products segment is comprised of lumber operations. The Company’s remaining operations include harvesting and selling timber acquired from third parties (log trading). These operations are reported in "Other Operations." Sales between operating segments are made based on fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on the operating income of the segments.

Operating income (loss) as presented in the Condensed Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Condensed Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.

Total assets, sales, operating income (loss) and depreciation, depletion and amortization by segment including Corporate were as follows:

	March 31,		December 31,
ASSETS	2012		2011
Forest Resources	$	1,618,311	$	1,603,515
Real Estate	107,080		102,682
Performance Fibers	706,260		646,447
Wood Products	21,758		21,264
Other Operations	23,456		24,576
Corporate and other	317,018		170,864
Total	$	2,793,883	$	2,569,348

	Three Months Ended March 31,
SALES	2012			2011
Forest Resources	$	52,195		$	48,180
Real Estate	12,647			13,462
Performance Fibers	250,855			251,163
Wood Products	19,209			15,790
Other Operations	21,140			30,412
Intersegment Eliminations (a)	(266		)	(1,276		)
Total	$	355,780		$	357,731

(a) Intersegment eliminations primarily reflect sales from our Forest Resources segment to our Performance Fibers segment.

	Three Months Ended March 31,
OPERATING INCOME (LOSS)	2012			2011
Forest Resources	$	8,005		$	11,050
Real Estate	6,478			7,372
Performance Fibers	80,630			75,710
Wood Products	923			453
Other Operations	(931		)	799
Corporate and other	(11,096		)	(7,806		)
Total	$	84,009		$	87,578

	Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION	2012		2011
Forest Resources	$	16,833	$	15,404
Real Estate	1,845		2,691
Performance Fibers	11,361		12,715
Wood Products	755		821
Corporate and other	374		239
Total	$	31,168	$	31,870