INVENTORY (Tables)

3 Months Ended

Mar. 31, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory

As of March 31, 2015 and December 31, 2014, Rayonier’s inventory was solely comprised of finished goods, as follows:

	March 31, 2015		December 31, 2014
Finished goods inventory
Real estate inventory (a)		$6,511		$4,932
New Zealand log inventory	6,589		3,451
Total inventory		$13,100		$8,383

(a) Represents HBU real estate (including capitalized development costs) expected to be sold within 12 months.