Consolidated Statements of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net income		$ 126,637	$ 15,320
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		51,707	53,826
Non-cash cost of land and improved development		5,775	4,938
Stock-based incentive compensation expense		2,839	2,588
Deferred income taxes		2,840	(1,322)
Amortization of losses from pension and postretirement plans		1,249	1,861
Gain on sale of large disposition of timberlands		(101,325)	0
Other		(983)	1,592
Changes in operating assets and liabilities:
Receivables		(9,367)	2,414
Inventories		(2,132)	(8,107)
Accounts payable		2,315	3,874
Income tax receivable/payable		441	(321)
All other operating activities		(3,017)	9,220
CASH PROVIDED BY OPERATING ACTIVITIES		76,979	85,883
INVESTING ACTIVITIES
Capital expenditures		(26,180)	(25,318)
Real estate development investments		(3,018)	(926)
Purchase of timberlands		(276,614)	(88,414)
Assets purchased in business acquisition		(1,113)	0
Net proceeds from large disposition of timberlands		126,965	0
Rayonier office building under construction		(1,155)	(261)
Change in restricted cash		17,985	4,160
Other		(2,066)	3,486
CASH USED FOR INVESTING ACTIVITIES		(165,196)	(107,273)
FINANCING ACTIVITIES
Issuance of debt		653,775	59,100
Repayment of debt		(426,173)	(31,472)
Dividends paid		(61,409)	(63,421)
Proceeds from the issuance of common shares		644	718
Repurchase of common shares made under share repurchase program		(690)	(8,962)
Debt issuance costs		(818)	0
Other		(139)	(95)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES		165,190	(44,132)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		904	(4,404)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		77,877	(69,926)
Balance, beginning of year		51,777	161,558
Balance, end of period		129,654	91,632
Cash paid during the period:
Interest	[1]	16,934	15,303
Income taxes		337	270
Non-cash investing activity:
Capital assets purchased on account		2,062	2,396
Patronage refunds received, netted with interest paid		$ 400	$ 1,300

[1] Interest paid is presented net of patronage payments received of $0.4 million and $1.3 million for the six months ended June 30, 2016 and June 30, 2015, respectively. For additional information on patronage payments, see Note 5 — Debt in the 2015 Form 10-K.