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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 156,071 $ 199,644
Accounts receivable, less allowance for doubtful accounts of $777 and $673 111,697 94,956
Inventory    
Finished goods 124,075 115,270
Work in progress 2,533 3,555
Raw materials 12,943 17,661
Manufacturing and maintenance supplies 2,377 2,332
Total inventory 141,928 138,818
Deferred tax assets 31,580 39,100
Prepaid and other current assets 54,577 46,576
Total current assets 495,853 519,094
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,067,549 2,049,378
PROPERTY, PLANT AND EQUIPMENT    
Land 20,620 20,138
Buildings 188,913 180,573
Machinery and equipment 1,756,924 1,760,641
Construction in progress 32,560 19,795
Total property, plant and equipment, gross 1,999,017 1,981,147
Less — accumulated depreciation (1,137,048) (1,120,326)
Total property, plant and equipment, net 861,969 860,821
OTHER ASSETS 217,458 256,208
TOTAL ASSETS 3,642,829 3,685,501
CURRENT LIABILITIES    
Accounts payable 86,282 69,293
Current maturities of long-term debt 114,319 112,500
Accrued taxes 11,374 8,551
Accrued payroll and benefits 19,261 24,948
Accrued interest 13,857 9,531
Accrued customer incentives 10,082 9,580
Other current liabilities 35,870 34,874
Current liabilities for dispositions and discontinued operations (Note 13) 6,446 6,835
Total current liabilities 297,491 276,112
LONG-TERM DEBT 1,393,887 1,461,724
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 13) 67,456 69,543
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15) 95,098 95,654
OTHER NON-CURRENT LIABILITIES 31,254 27,225
COMMITMENTS AND CONTINGENCIES (Notes 12 and 14)      
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 126,451,505 and 126,257,870 shares issued and outstanding 694,236 692,100
Retained earnings 994,624 1,015,209
Accumulated other comprehensive loss (30,037) (46,139)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,658,823 1,661,170
Noncontrolling interest 98,820 94,073
TOTAL SHAREHOLDERS’ EQUITY 1,757,643 1,755,243
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,642,829 $ 3,685,501