Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 91,632	$ 161,558
Accounts receivable, less allowance for doubtful accounts of $42 and $42	19,444	24,018
Inventory (Note 14)	13,362	8,383
Prepaid and other current assets	21,222	19,745
Total current assets	145,660	213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,086,729	2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS (NOTE 5)	69,726	77,433
PROPERTY, PLANT AND EQUIPMENT
Land	1,833	1,833
Buildings	8,977	8,961
Machinery and equipment	3,388	3,503
Construction in progress	772	579
Total property, plant and equipment, gross	14,970	14,876
Less — accumulated depreciation	(8,536)	(8,170)
Total property, plant and equipment, net	6,434	6,706
OTHER ASSETS	57,772	66,771
TOTAL ASSETS	2,366,321	2,453,115
CURRENT LIABILITIES
Accounts payable	22,396	20,211
Current maturities of long-term debt	30,000	129,706
Accrued taxes	15,811	11,405
Accrued payroll and benefits	4,596	6,390
Accrued interest	8,043	8,433
Other current liabilities	31,614	25,857
Total current liabilities	112,460	202,002
LONG-TERM DEBT	722,353	621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 13)	33,396	33,477
OTHER NON-CURRENT LIABILITIES	$ 20,840	$ 20,636
COMMITMENTS AND CONTINGENCIES (Notes 11 and 12)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 126,492,061 and 126,773,097 shares issued and outstanding	$ 694,835	$ 702,598
Retained earnings	743,528	790,697
Accumulated other comprehensive loss	(34,250)	(4,825)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,404,113	1,488,470
Noncontrolling interest	73,159	86,681
TOTAL SHAREHOLDERS’ EQUITY	1,477,272	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,366,321	$ 2,453,115