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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 51,777 $ 161,558
Accounts receivable, less allowance for doubtful accounts of $42 and $42 20,222 24,018
Inventory (Note 18) 15,351 8,383
Prepaid logging roads 10,563 12,665
Prepaid expenses 2,091 5,049
Other current assets 5,681 2,031
Total current assets 105,685 213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,066,780 2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6) 65,450 77,433
PROPERTY, PLANT AND EQUIPMENT    
Land 1,833 1,833
Buildings 9,014 8,961
Machinery and equipment 3,686 3,503
Construction in progress 1,282 579
Total property, plant and equipment, gross 15,815 14,876
Less—accumulated depreciation (9,073) (8,170)
Total property, plant and equipment, net 6,742 6,706
OTHER ASSETS (Note 19) 74,606 66,771
TOTAL ASSETS 2,319,263 2,453,115
CURRENT LIABILITIES    
Accounts payable 21,479 20,211
Current maturities of long-term debt 0 129,706
Accrued taxes 3,685 11,405
Accrued payroll and benefits 7,037 6,390
Accrued interest 6,153 8,433
Other current liabilities 21,103 25,857
Total current liabilities 59,457 202,002
LONG-TERM DEBT (Note 5) 833,879 621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15) 34,137 33,477
OTHER NON-CURRENT LIABILITIES $ 30,050 $ 20,636
COMMITMENTS AND CONTINGENCIES (Notes 8 and 10)
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 122,770,217 and 126,773,097 shares issued and outstanding $ 708,827 $ 702,598
Retained earnings 612,760 790,697
Accumulated other comprehensive loss (33,503) (4,825)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,288,084 1,488,470
Noncontrolling interest 73,656 86,681
TOTAL SHAREHOLDERS’ EQUITY 1,361,740 1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,319,263 $ 2,453,115