Quarterly Results for 2015 and 2014 (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results for 2015 and 2014 (UNAUDITED)

QUARTERLY RESULTS FOR 2015 and 2014 (UNAUDITED)

(thousands of dollars, except per share amounts)

	Quarter Ended									Total Year
	March 31		June 30			Sept. 30		Dec. 31
2015
Sales		$140,305		$115,801			$151,657		$137,111		$544,874
Cost of sales	107,234		103,689			116,044		114,132		441,099
Net income (loss)	18,180		(2,860		)	19,181		9,440		43,941
Net income (loss) attributable to Rayonier Inc.	17,747		(1,536		)	19,669		10,285		46,165
Basic EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37
Diluted EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37
2014
Sales	143,187		163,145			149,829		147,360		603,521
Cost of sales	115,900		123,096			118,088		126,776		483,860
Income from continuing operations	10,335		4,024			32,059		8,025		54,443
Income from discontinued operations	31,008		12,084			—		311		43,403
Net income	41,343		16,108			32,059		8,336		97,846
Net income attributable to Rayonier Inc.	41,426		16,353			32,701		8,857		99,337
Basic EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.26		$0.07		$0.44
Discontinued Operations	0.25		0.10			—		—		0.34
Net Income		$0.33		$0.13			$0.26		$0.07		$0.78
Diluted EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.25		$0.07		$0.43
Discontinued Operations	0.24		0.09			—		—		0.33
Net Income		$0.32		$0.12			$0.25		$0.07		$0.76

Rayonier completed the spin-off of its Performance Fibers business on June 27, 2014, as discussed at Note 21—Discontinued Operations. Accordingly, the operating results of this business is reported as discontinued operations in the Company’s 2014 Consolidated Statement of Income and Comprehensive Income, including the quarterly periods shown above.