Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 129,654	$ 51,777
Accounts receivable, less allowance for doubtful accounts of $50 and $42	30,576	20,222
Inventory (Note 16)	14,957	15,351
Prepaid expenses	13,489	12,654
Other current assets	6,197	5,681
Total current assets	194,873	105,685
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,306,105	2,066,780
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	68,164	65,450
PROPERTY, PLANT AND EQUIPMENT
Land	1,832	1,833
Buildings	9,673	9,014
Machinery and equipment	3,631	3,686
Construction in progress	2,614	1,282
Total property, plant and equipment, gross	17,750	15,815
Less — accumulated depreciation	(8,626)	(9,073)
Total property, plant and equipment, net	9,124	6,742
OTHER ASSETS	53,913	71,281
TOTAL ASSETS	2,632,179	2,315,938
CURRENT LIABILITIES
Accounts payable	22,833	21,479
Accrued taxes	5,571	3,685
Accrued payroll and benefits	5,054	7,037
Accrued interest	5,174	6,153
Other current liabilities	29,370	21,103
Total current liabilities	68,002	59,457
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	1,052,307	830,554
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 14)	34,525	34,137
OTHER NON-CURRENT LIABILITIES	56,825	30,050
COMMITMENTS AND CONTINGENCIES (Notes 7 and 9)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 122,864,910 and 122,770,217 shares issued and outstanding	706,677	708,827
Retained earnings	674,954	612,760
Accumulated other comprehensive loss	(44,857)	(33,503)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,336,774	1,288,084
Noncontrolling interest	83,746	73,656
TOTAL SHAREHOLDERS’ EQUITY	1,420,520	1,361,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,632,179	$ 2,315,938