ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in AOCI by component for the six months ended June 30, 2014. All amounts are presented net of tax and exclude portions attributable to noncontrolling interest.

	Foreign currency translation gains		New Zealand joint venture cash flow hedges			Unrecognized components of employee benefit plans				Total
Balance as of December 31, 2013	$	36,914	$	(342	)	$	(82,711	)		$	(46,139	)
Other comprehensive income before reclassifications	15,546		2,521			56,044			(a)	74,111
Amounts reclassified from accumulated other comprehensive income	—		(2,007		)	4,926			(b)	2,919
Net other comprehensive income	15,546		514			60,970				77,030
Balance as of June 30, 2014	$	52,460	$	172		$	(21,741	)		$	30,891

(a) Reflects $81 million, net of taxes, of additional losses transferred to Rayonier Advanced Materials Pension Plans offset by $25 million, net of taxes, of additional losses as a result of the revaluation required due to the spin-off. See Note 16 — Employee Benefit Plans for additional information.

(b) This accumulated other comprehensive income component is comprised of $4 million in the computation of net periodic pension cost and $1 million of recognized deferred tax asset in connection with revaluation and transfer of liabilities as a result of the spin-off.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents details of the amounts reclassified in their entirety from AOCI for the six months ended June 30, 2014:

Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income			Affected line item in the income statement
Realized gain on foreign currency exchange contracts	$	(2,542	)	Other operating income, net
Realized gain on foreign currency option contracts	(937		)	Other operating income, net
Noncontrolling interest	1,218			Comprehensive (income) loss attributable to noncontrolling interest
Income tax expense on gain from foreign currency contracts	254			Income tax expense
Net gain on cash flow hedges reclassified from accumulated other comprehensive income	(2,007		)
Income tax expense on pension plan contributed to Rayonier Advanced Materials	843			Income tax expense
Net gain reclassified from accumulated other comprehensive income	$	(1,164	)