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SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
An analysis of shareholders’ equity for the nine months ended September 30, 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 (loss)
—

 
—

 
35,880

 
—

 
(1,379
)
 
34,501

Dividends ($0.75 per share)
—

 
—

 
(94,262
)
 
—

 
—

 
(94,262
)
Issuance of shares under incentive stock plans
167,021

 
1,322

 
—

 
—

 
—

 
1,322

Stock-based compensation
—

 
3,522

 
—

 
—

 
—

 
3,522

Tax deficiency on stock-based compensation
—

 
(272
)
 
—

 
—

 
—

 
(272
)
Repurchase of common shares (c) (d)
(3,172,438
)
 
(100
)
 
(75,873
)
 
—

 
—

 
(75,973
)
Net gain from pension and postretirement plans
—

 
—

 
—

 
2,414

 
—

 
2,414

Adjustments to Rayonier Advanced
     Materials (e)
—

 
—

 
884

 
—

 
—

 
884

Foreign currency translation adjustment
—

 
—

 
—

 
(37,101
)
 
(15,986
)
 
(53,087
)
Cash flow hedges
—

 
—

 
—

 
(16,464
)
 
(1,519
)
 
(17,983
)
Balance, September 30, 2015
123,767,680

 

$707,070

 

$657,326

 

($55,976
)
 

$67,797

 

$1,376,217

 
 
 
 
 
 
(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.
(c)
During the second and third quarter of 2015 the Company repurchased approximately $10.7 million and $65.2 million, respectively of common stock at average prices of $25.94 and $23.65 per share. As of September 30, 2015, the Company had 123.8 million shares of common stock outstanding and $24.1 million remaining under its share repurchase authorization announced in June 2015.
(d)
Includes $0.1 million of shares of the Company’s common stock purchased from employees in non-open market transactions. The shares of stock were sold by current and former employees of the Company in exchange for cash that was used to pay withholding taxes associated with the vesting of restricted stock awards under the Company’s stock incentive plan. The price per share surrendered is based on the closing price of the company’s stock on the respective vesting dates of the awards.
(e)
Primarily relates to return-to-accrual adjustments made in conjunction with the filing of the Company’s 2014 U.S. income tax return.