XML 17 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Statement of Comprehensive Income [Abstract]                      
SALES $ 220,464 $ 171,421 $ 261,550 $ 134,843 $ 137,111 $ 151,657 $ 115,801 $ 140,305 $ 788,278 $ 544,874 $ 603,521
Costs and Expenses                      
Cost of sales 161,918 116,624 138,194 107,971 114,132 116,044 103,689 107,234 524,707 441,099 483,860
Selling and general expenses                 42,785 45,750 47,883
Other operating income, net (Note 17)                 (34,991) (19,759) (26,511)
Costs and Expenses, Total                 532,501 467,090 505,232
OPERATING INCOME                 255,777 77,784 98,289
Interest expense                 (32,245) (31,699) (44,248)
Interest and miscellaneous expense, net                 (698) (3,003) (9,199)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES                 222,834 43,082 44,842
Income tax (expense) benefit (Note 9)                 (5,064) 859 9,601
INCOME FROM CONTINUING OPERATIONS                 217,770 43,941 54,443
DISCONTINUED OPERATIONS, NET (Note 23)                      
Income from discontinued operations, net of income tax expense of $0, $0 and $20,578                 0 0 43,403
NET INCOME 50,509 40,624 111,579 15,058 9,440 19,181 (2,860) 18,180 217,770 43,941 97,846
Less: Net income (loss) attributable to noncontrolling interest                 5,798 (2,224) (1,491)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. $ 48,324 $ 39,355 $ 109,821 $ 14,472 $ 10,285 $ 19,669 $ (1,536) $ 17,747 211,972 46,165 99,337
OTHER COMPREHENSIVE INCOME (LOSS)                      
Foreign currency translation adjustment, net of income tax expense (benefit) of $0, $1,066 and ($78)                 6,322 (32,451) (15,847)
Cash flow hedges, net of income tax (expense) benefit of ($545), ($91) and $861                 22,822 (9,961) (1,855)
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $0, $470 and $35,852                 5,533 2,933 54,046
Total other comprehensive income                 34,677 (39,479) 36,344
COMPREHENSIVE INCOME                 252,447 4,462 134,190
Less: Comprehensive income (loss) attributable to noncontrolling interest                 9,555 (13,027) (6,462)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.                 $ 242,892 $ 17,489 $ 140,652
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.                      
Continuing Operations (in dollars per share)                 $ 1.73 $ 0.37 $ 0.44
Discontinued Operations (in dollars per share)                 0.00 0.00 0.34
Net Income (in dollars per share) $ 0.39 $ 0.32 $ 0.90 $ 0.12 $ 0.08 $ 0.16 $ (0.01) $ 0.14 1.73 0.37 0.78
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.                      
Continuing Operations (in dollars per share)                 1.73 0.37 0.43
Discontinued Operations (in dollars per share)                 0.00 0.00 0.33
Net income (in dollars per share) $ 0.39 $ 0.32 $ 0.89 $ 0.12 $ 0.08 $ 0.16 $ (0.01) $ 0.14 $ 1.73 $ 0.37 $ 0.76