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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 343,581 $ 280,596
Accounts receivable, less allowance for doubtful accounts of $685 and $417 116,538 100,359
Inventory    
Finished goods 79,121 103,568
Work in progress 3,047 4,446
Raw materials 14,620 17,602
Manufacturing and maintenance supplies 2,303 2,350
Total inventory 99,091 127,966
Deferred tax assets 55,563 15,845
Prepaid and other current assets 67,444 41,508
Total current assets 682,217 566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,080,611 1,573,309
PROPERTY, PLANT AND EQUIPMENT    
Land 22,996 27,383
Buildings 166,578 147,445
Machinery and equipment 1,644,945 1,444,012
Construction in progress 123,621 268,459
Total property, plant and equipment, gross 1,958,140 1,887,299
Less—accumulated depreciation (1,105,708) (1,180,261)
Total property, plant and equipment, net 852,432 707,038
INVESTMENT IN JOINT VENTURE (Note 6) 0 72,419
OTHER ASSETS 212,791 203,911
TOTAL ASSETS 3,828,051 3,122,951
CURRENT LIABILITIES    
Accounts payable 133,255 70,381
Current maturities of long-term debt 75,463 150,000
Accrued taxes 20,158 13,824
Accrued payroll and benefits 20,489 28,068
Accrued interest 9,835 7,956
Accrued customer incentives 10,743 10,849
Other current liabilities 51,842 18,640
Current liabilities for dispositions and discontinued operations (Note 13) 8,686 8,105
Total current liabilities 330,471 307,823
LONG-TERM DEBT 1,591,834 1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 13) 69,442 73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15) 158,594 159,582
OTHER NON-CURRENT LIABILITIES 27,590 23,900
COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 14)      
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 126,119,760 and 123,332,444 shares issued and outstanding 679,803 670,749
Retained earnings 1,000,647 876,634
Accumulated other comprehensive loss (116,911) (109,379)
TOTAL RAYONIER INC. SHAREHOLDERS' EQUITY 1,563,539 1,438,004
Noncontrolling interest 86,581 0
TOTAL SHAREHOLDERS’ EQUITY 1,650,120 1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,828,051 $ 3,122,951