Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidating of Income Statement

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$544,874		—				$544,874
Costs and Expenses
Cost of sales	—			—			441,099			—			441,099
Selling and general expenses	—			20,468			25,282			—			45,750
Other operating income, net	—			(404		)	(19,355		)	—			(19,759		)
	—			20,064			447,026			—			467,090
OPERATING (LOSS) INCOME	—			(20,064		)	97,848			—			77,784
Interest expense	(12,703		)	(9,135		)	(9,861		)	—			(31,699		)
Interest and miscellaneous income (expense), net	7,789			2,612			(13,404		)	—			(3,003		)
Equity in income from subsidiaries	51,079			75,532			—			(126,611		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	46,165			48,945			74,583			(126,611		)	43,082
Income tax benefit (expense)	—			2,134			(1,275		)	—			859
NET INCOME	46,165			51,079			73,308			(126,611		)	43,941
Less: Net loss attributable to noncontrolling interest	—			—			(2,224		)	—			(2,224		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	46,165			51,079			75,532			(126,611		)	46,165
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(21,567		)	7,922			(40,373		)	21,567			(32,451		)
New Zealand joint venture cash flow hedges	(10,042		)	(10,195		)	234			10,042			(9,961		)
Actuarial change and amortization of pension and postretirement plan liabilities	2,933			2,933			—			(2,933		)	2,933
Total other comprehensive (loss) income	(28,676		)	660			(40,139		)	28,676			(39,479		)
COMPREHENSIVE INCOME	17,489			51,739			33,169			(97,935		)	4,462
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(13,027		)	—			(13,027		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$17,489			$51,739			$46,196			($97,935	)		$17,489

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$603,521		—				$603,521
Costs and Expenses
Cost of sales	—			—			483,860			—			483,860
Selling and general expenses	—			14,578			33,305			—			47,883
Other operating expense (income), net	—			3,275			(29,786		)	—			(26,511		)
	—			17,853			487,379			—			505,232
OPERATING (LOSS) INCOME	—			(17,853		)	116,142			—			98,289
Interest expense	(13,247		)	(23,571		)	(7,430		)	—			(44,248		)
Interest and miscellaneous income (expense), net	9,186			(3,100		)	(15,285		)	—			(9,199		)
Equity in income from subsidiaries	103,398			138,719			—			(242,117		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	99,337			94,195			93,427			(242,117		)	44,842
Income tax benefit	—			9,203			398			—			9,601
INCOME FROM CONTINUING OPERATIONS	99,337			103,398			93,825			(242,117		)	54,443
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			43,403			—			43,403
NET INCOME	99,337			103,398			137,228			(242,117		)	97,846
Less: Net loss attributable to noncontrolling interest	—			—			(1,491		)	—			(1,491		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	99,337			103,398			138,719			(242,117		)	99,337
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(11,525		)	(11,527		)	(15,847		)	23,052			(15,847		)
New Zealand joint venture cash flow hedges	(1,206		)	(1,206		)	(1,855		)	2,412			(1,855		)
Actuarial change and amortization of pension and postretirement plan liabilities	54,046			54,046			88,174			(142,220		)	54,046
Total other comprehensive income	41,315			41,313			70,472			(116,756		)	36,344
COMPREHENSIVE INCOME	140,652			144,711			207,700			(358,873		)	134,190
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(6,462		)	—			(6,462		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$140,652			$144,711			$214,162			($358,873	)		$140,652

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$659,718		—				$659,718
Costs and Expenses
Cost of sales	—			—			530,772			—			530,772
Selling and general expenses	—			9,821			45,612			—			55,433
Other operating (income) expense, net	(1,701		)	4,730			(21,516		)	—			(18,487		)
	(1,701		)	14,551			554,868			—			567,718
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(14,551		)	105,412			—			92,562
Gain related to consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(14,551		)	121,510			—			108,660
Interest expense	(13,088		)	(28,430		)	577			—			(40,941		)
Interest and miscellaneous income (expense), net	9,828			(4,297		)	(3,092		)	—			2,439
Equity in income from subsidiaries	373,455			407,722			—			(781,177		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	371,896			360,444			118,995			(781,177		)	70,158
Income tax benefit	—			13,011			22,674			—			35,685
INCOME FROM CONTINUING OPERATIONS	371,896			373,455			141,669			(781,177		)	105,843
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			267,955			—			267,955
NET INCOME	371,896			373,455			409,624			(781,177		)	373,798
Less: Net income attributable to noncontrolling interest	—			—			1,902			—			1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	371,896			373,455			407,722			(781,177		)	371,896
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(1,915		)	(1,915		)	(5,710		)	3,830			(5,710		)
New Zealand joint venture cash flow hedges	3,286			3,286			3,629			(6,572		)	3,629
Actuarial change and amortization of pension and postretirement plan liabilities	61,869			61,869			20,589			(82,458		)	61,869
Total other comprehensive income	63,240			63,240			18,508			(85,200		)	59,788
COMPREHENSIVE INCOME	435,136			436,695			428,132			(866,377		)	433,586
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(1,550		)	—			(1,550		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$435,136			$436,695			$429,682			($866,377	)		$435,136

Schedule of Condensed Consolidating Balance Sheet

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$2,472			$13,217			$36,088		—				$51,777
Accounts receivable, less allowance for doubtful accounts	—			1,870			18,352			—			20,222
Inventory	—			—			15,351			—			15,351
Prepaid logging roads	—			—			10,563			—			10,563
Prepaid expenses	—			443			1,648			—			2,091
Other current assets	—			4,876			805			—			5,681
Total current assets	2,472			20,406			82,807			—			105,685
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—			—			2,066,780			—			2,066,780
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—			—			65,450			—			65,450
NET PROPERTY, PLANT AND EQUIPMENT	—			330			6,412			—			6,742
INVESTMENT IN SUBSIDIARIES	1,321,681			2,212,405			—			(3,534,086		)	—
INTERCOMPANY RECEIVABLE	34,567			(610,450		)	575,883			—			—
OTHER ASSETS	2,305			19,741			52,560			—			74,606
TOTAL ASSETS		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable		$609			$1,463			$19,407		—				$21,479
Accrued taxes	—			(10		)	3,695			—			3,685
Accrued payroll and benefits	—			3,594			3,443			—			7,037
Accrued interest	3,047			666			2,440			—			6,153
Other current liabilities	—			262			20,841			—			21,103
Total current liabilities	3,656			5,975			49,826			—			59,457
LONG-TERM DEBT	325,000			282,000			226,879			—			833,879
PENSION AND OTHER POSTRETIREMENT BENEFITS	—			34,822			(685		)	—			34,137
OTHER NON-CURRENT LIABILITIES	—			16,914			13,136			—			30,050
INTERCOMPANY PAYABLE	(255,715		)	(18,960		)	274,675			—			—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,212,405			(3,534,086		)	1,288,084
Noncontrolling interest	—			—			73,656			—			73,656
TOTAL SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,286,061			(3,534,086		)	1,361,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2014
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$102,218		$8,105		$51,235		—				$161,558
Accounts receivable, less allowance for doubtful accounts	—		1,409		22,609			—			24,018
Inventory	—		—		8,383			—			8,383
Prepaid logging roads	—		—		12,665			—			12,665
Prepaid expenses	—		1,926		3,123			—			5,049
Other current assets	—		83		1,948			—			2,031
Total current assets	102,218		11,523		99,963			—			213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,088,501			—			2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—		—		77,433			—			77,433
NET PROPERTY, PLANT AND EQUIPMENT	—		433		6,273			—			6,706
INVESTMENT IN SUBSIDIARIES	1,463,303		2,053,911		—			(3,517,214		)	—
INTERCOMPANY RECEIVABLES	248,233		21,500		—			(269,733		)	—
OTHER ASSETS	2,763		18,369		45,639			—			66,771
TOTAL ASSETS		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	—			$2,810		$17,401		—				$20,211
Current maturities of long-term debt	—		129,706		—			—			129,706
Accrued taxes	—		11		11,394			—			11,405
Accrued payroll and benefits	—		3,253		3,137			—			6,390
Accrued interest	3,047		2,517		31,281			(28,412		)	8,433
Other current liabilities	—		1,073		24,784			—			25,857
Total current liabilities	3,047		139,370		87,997			(28,412		)	202,002
LONG-TERM DEBT	325,000		31,000		265,849			—			621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		34,161		(684		)	—			33,477
OTHER NON-CURRENT LIABILITIES	—		6,436		14,200			—			20,636
INTERCOMPANY PAYABLE	—		431,466		(153,754		)	(277,712		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,017,520			(3,480,823		)	1,488,470
Noncontrolling interest	—		—		86,681			—			86,681
TOTAL SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,104,201			(3,480,823		)	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115

Schedule of Condensed Consolidating Cash Flows Statement

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		($4,890	)		($21,421	)		$203,475		—			$177,164
INVESTING ACTIVITIES
Capital expenditures	—			(78		)	(57,215		)	—		(57,293		)
Real estate development investments	—			—			(2,676		)	—		(2,676		)
Strategic purchase of timberlands and other	—			—			(98,409		)	—		(98,409		)
Proceeds from settlement of foreign currency hedge	—			—			2,804			—		2,804
Change in restricted cash	—			—			(16,836		)	—		(16,836		)
Investment in subsidiaries	—			126,242			—			(126,242	)	—
Other	—			—			6,101			—		6,101
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			126,164			(166,231		)	(126,242	)	(166,309		)
FINANCING ACTIVITIES
Issuance of debt	61,000			353,000			58,558			—		472,558
Repayment of debt	(61,000		)	(232,973		)	(70,429		)	—		(364,402		)
Dividends paid	(124,936		)	—			—			—		(124,936		)
Proceeds from the issuance of common shares	2,117			—			—			—		2,117
Proceeds from repurchase of common shares	(100,000		)	—			—			—		(100,000		)
Debt issuance costs	—			(1,678		)	—			—		(1,678		)
Issuance of intercompany notes	(35,500		)	—			35,500			—		—
Intercompany distributions	163,585			(217,980		)	(71,847		)	126,242		—
Other	(122		)	—			—			—		(122		)
CASH USED FOR FINANCING ACTIVITIES	(94,856		)	(99,631		)	(48,218		)	126,242		(116,463		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(4,173		)	—		(4,173		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(99,746		)	5,112			(15,147		)	—		(109,781		)
Balance, beginning of year	102,218			8,105			51,235			—		161,558
Balance, end of year		$2,472			$13,217			$36,088		—			$51,777

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$269,653			$293,193			$47,727			($290,157	)		$320,416
INVESTING ACTIVITIES
Capital expenditures	—			(400		)	(63,313		)	—			(63,713		)
Capital expenditures from discontinued operations	—			—			(60,955		)	—			(60,955		)
Real estate development investments	—			—			(3,674		)	—			(3,674		)
Strategic purchase of timberlands and other	—			—			(130,896		)	—			(130,896		)
Change in restricted cash	—			—			62,256			—			62,256
Investment in subsidiaries	—			798,875			—			(798,875		)	—
Other	—			—			306			—			306
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			798,475			(196,276		)	(798,875		)	(196,676		)
FINANCING ACTIVITIES
Issuance of debt	—			201,000			1,225,464			—			1,426,464
Repayment of debt	—			(1,002,500		)	(287,137		)	—			(1,289,637		)
Dividends paid	(257,517		)	—			—			—			(257,517		)
Proceeds from the issuance of common shares	5,579			—			—			—			5,579
Proceeds from repurchase of common shares	(1,858		)	—			—			—			(1,858		)
Debt issuance costs	—			—			(12,380		)	—			(12,380		)
Net cash disbursed upon spin-off of Performance Fibers business	(31,420		)	—			—			—			(31,420		)
Issuance of intercompany notes	(12,400		)	—			12,400			—			—
Intercompany distributions	—			(293,086		)	(795,946		)	1,089,032			—
Other	—			—			(680		)	—			(680		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(297,616		)	(1,094,586		)	141,721			1,089,032			(161,449		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(377		)	—			(377		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(27,963		)	(2,918		)	(7,205		)	—			(38,086		)
Balance, beginning of year	130,181			11,023			58,440			—			199,644
Balance, end of year		$102,218			$8,105			$51,235		—				$161,558

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$407,712			$417,074			$493,382			($771,375	)		$546,793
INVESTING ACTIVITIES
Capital expenditures	—			(663		)	(62,540		)	—			(63,203		)
Capital expenditures from discontinued operations	—			—			(103,092		)	—			(103,092		)
Real estate development investments	—			—			(1,292		)	—			(1,292		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Strategic purchase of timberlands and other	—			—			(20,401		)	—			(20,401		)
Proceeds from settlement of foreign currency hedge	—			1,701			—			—			1,701
Jesup mill cellulose specialties expansion	—			—			(148,262		)	—			(148,262		)
Proceeds from disposition of Wood Products business	—			—			62,720			—			62,720
Change in restricted cash	—			—			(58,385		)	—			(58,385		)
Investment in subsidiaries	(138,178		)	(385,292		)	—			523,470			—
Other	—			—			(447		)	—			(447		)
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(384,254		)	(471,578		)	523,470			(470,540		)
FINANCING ACTIVITIES
Issuance of debt	175,000			390,000			57,885			—			622,885
Repayment of debt	(325,000		)	(151,525		)	(72,960		)	—			(549,485		)
Dividends paid	(237,016		)	—			—			—			(237,016		)
Proceeds from the issuance of common shares	10,101			—			—			—			10,101
Excess tax benefits on stock-based compensation	—			—			8,413			—			8,413
Proceeds from repurchase of common shares	(11,326		)	—			—			—			(11,326		)
Issuance of intercompany notes	(4,000		)	—			4,000			—			—
Intercompany distributions	—			(283,596		)	35,691			247,905			—
Other	—			—			(713		)	—			(713		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(392,241		)	(45,121		)	32,316			247,905			(157,141		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(64		)	—			(64		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(122,707		)	(12,301		)	54,056			—			(80,952		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of year		$130,181			$11,023			$58,440		—				$199,644