SHAREHOLDERS'S EQUITY

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

SHAREHOLDERS'S EQUITY

SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for the three months ended March 31, 2014 and the year ended December 31, 2013 is shown below (share amounts not in thousands):

	Rayonier Inc. Shareholders Equity
	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
	Shares		Amount
Balance, December 31, 2012	123,332,444		$	670,749		$	876,634		$	(109,379	)	$	—		$	1,438,004
Net income	—		—			371,896			—			1,902			373,798
Dividends ($1.86 per share)	—		—			(233,321		)	—			—			(233,321		)
Issuance of shares under incentive stock plans	1,001,426		10,101			—			—			—			10,101
Stock-based compensation	—		11,710			—			—			—			11,710
Excess tax benefit on stock-based compensation	—		8,413			—			—			—			8,413
Repurchase of common shares	(211,221	)	(11,326		)	—			—			—			(11,326		)
Equity portion of convertible debt (Note 15)	—		2,453			—			—			—			2,453
Settlement of warrants (Note 15)	2,135,221		—			—			—			—			—
Net gain from pension and postretirement plans	—		—			—			61,869			—			61,869
Acquisition of noncontrolling interest	—		—			—			—			96,336			96,336
Noncontrolling interest redemption of shares	—		—			—			—			(713		)	(713		)
Foreign currency translation adjustment	—		—			—			(1,915		)	(3,795		)	(5,710		)
Joint venture cash flow hedges	—		—			—			3,286			343			3,629
Balance, December 31, 2013	126,257,870		$	692,100		$	1,015,209		$	(46,139	)	$	94,073		$	1,755,243
Net income (loss)	—		—			43,375			—			(83		)	43,292
Dividends ($0.49 per share)	—		—			(62,011		)	—			—			(62,011		)
Issuance of shares under incentive stock plans	235,843		2,027			—			—			—			2,027
Stock-based compensation	—		3,103			—			—			—			3,103
Excess tax deficiency on stock-based compensation	—		(1,240		)	—			—			—			(1,240		)
Repurchase of common shares	(42,208	)	(1,754		)	—			—			—			(1,754		)
Amortization of pension and postretirement plans	—		—			—			2,097			—			2,097
Noncontrolling interest redemption of shares	—		—			—			—			(679		)	(679		)
Foreign currency translation adjustment	—		—			—			12,893			4,910			17,803
Joint venture cash flow hedges	—		—			—			1,112			599			1,711
Balance, March 31, 2014	126,451,505		$	694,236		$	996,573		$	(30,037	)	$	98,820		$	1,759,592