XML 74 R13.htm IDEA: XBRL DOCUMENT v2.4.1.9
SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
 An analysis of shareholders’ equity for the three months ended March 31, 2015 and the year ended December 31, 2014 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 (a)
 
Amount
 
Balance, December 31, 2013
126,257,870

 

$692,100

 

$1,015,209

 

($46,139
)
 

$94,073

 

$1,755,243

Net income (loss)
—

 
—

 
99,337

 
—

 
(1,491
)
 
97,846

Dividends ($2.03 per share)
—

 
—

 
(256,861
)
 
—

 
—

 
(256,861
)
Contribution to Rayonier Advanced Materials
—

 
(301
)
 
(61,318
)
 
80,749

 
—

 
19,130

Adjustments to Rayonier Advanced Materials (b)
—

 
—

 
(5,670
)
 
(2,556
)
 
—

 
(8,226
)
Issuance of shares under incentive stock plans
561,701

 
5,579

 
—

 
—

 
—

 
5,579

Stock-based compensation
—

 
7,869

 
—

 
—

 
—

 
7,869

Tax deficiency on stock-based compensation
—

 
(791
)
 
—

 
—

 
—

 
(791
)
Repurchase of common shares
(46,474
)
 
(1,858
)
 
—

 
—

 
—

 
(1,858
)
Net loss from pension and postretirement plans
—

 
—

 
—

 
(24,147
)
 
—

 
(24,147
)
Noncontrolling interest redemption of shares
—

 
—

 
—

 
—

 
(931
)
 
(931
)
Foreign currency translation adjustment
—

 
—

 
—

 
(11,526
)
 
(4,321
)
 
(15,847
)
Joint venture cash flow hedges
—

 
—

 
—

 
(1,206
)
 
(649
)
 
(1,855
)
Balance, December 31, 2014
126,773,097

 

$702,598

 

$790,697

 

($4,825
)
 

$86,681

 

$1,575,151

Net income
—

 
—

 
17,747

 
—

 
433

 
18,180

Dividends ($0.25 per share)
—

 
—

 
(31,617
)
 
—

 
—

 
(31,617
)
Issuance of shares under incentive stock plans
32,196

 
546

 
—

 
—

 
—

 
546

Stock-based compensation
—

 
805

 
—

 
—

 
—

 
805

Tax deficiency on stock-based compensation
—

 
(267
)
 
—

 
—

 
—

 
(267
)
Repurchase of common shares
(2,984
)
 
(94
)
 
—

 
—

 
—

 
(94
)
Net gain from pension and postretirement plans
—

 
—

 
—

 
781

 
—

 
781

Foreign currency translation adjustment
—

 
—

 
—

 
(10,429
)
 
(3,894
)
 
(14,323
)
Joint venture cash flow hedges
—

 
—

 
—

 
(615
)
 
(331
)
 
(946
)
Balance, March 31, 2015
126,802,309

 

$703,588

 

$776,827

 

($15,088
)
 

$82,889

 

$1,548,216

 
 
 
 
 
 
(a)
The Company’s common shares are registered in North Carolina and have a $0.00 par value.
(b)
Primarily relates to adjustments made to the Rayonier Advanced Materials contribution as income taxes and pension and postretirement plan assets and obligations were finalized.