Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 65,755	$ 161,558
Accounts receivable, less allowance for doubtful accounts of $42 and $42	19,296	24,018
Inventory (Note 15)	14,506	8,383
Prepaid and other current assets	24,066	19,745
Total current assets	123,623	213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,038,032	2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	67,274	77,433
PROPERTY, PLANT AND EQUIPMENT
Land	1,833	1,833
Buildings	8,918	8,961
Machinery and equipment	3,531	3,503
Construction in progress	660	579
Total property, plant and equipment, gross	14,942	14,876
Less — accumulated depreciation	(8,785)	(8,170)
Total property, plant and equipment, net	6,157	6,706
OTHER ASSETS	79,374	66,771
TOTAL ASSETS	2,314,460	2,453,115
CURRENT LIABILITIES
Accounts payable	19,301	20,211
Current maturities of long-term debt	0	129,706
Accrued taxes	17,238	11,405
Accrued payroll and benefits	5,673	6,390
Accrued interest	8,943	8,433
Other current liabilities	30,200	25,857
Total current liabilities	81,355	202,002
LONG-TERM DEBT	791,233	621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 14)	33,599	33,477
OTHER NON-CURRENT LIABILITIES	$ 32,056	$ 20,636
COMMITMENTS AND CONTINGENCIES (Notes 12 and 13)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 123,767,680 and 126,773,097 shares issued and outstanding	$ 707,070	$ 702,598
Retained earnings	657,326	790,697
Accumulated other comprehensive loss	(55,976)	(4,825)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,308,420	1,488,470
Noncontrolling interest	67,797	86,681
TOTAL SHAREHOLDERS’ EQUITY	1,376,217	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,314,460	$ 2,453,115