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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 85,909 $ 51,777
Accounts receivable, less allowance for doubtful accounts of $33 and $42 20,664 20,222
Inventory (Note 18) 21,379 15,351
Prepaid logging roads 10,228 10,563
Prepaid expenses 1,579 2,091
Assets held for sale (Note 21) 23,171 0
Other current assets 1,874 5,681
Total current assets 164,804 105,685
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,291,015 2,066,780
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6) 70,374 65,450
PROPERTY, PLANT AND EQUIPMENT    
Land 2,279 1,833
Buildings 7,990 9,014
Machinery and equipment 4,658 3,686
Construction in progress 8,170 1,282
Total property, plant and equipment, gross 23,097 15,815
Less—accumulated depreciation (9,063) (9,073)
Total property, plant and equipment, net 14,034 6,742
RESTRICTED DEPOSITS (Note 19) 71,708 23,525
OTHER ASSETS (Note 20) 73,825 47,756
TOTAL ASSETS 2,685,760 2,315,938
CURRENT LIABILITIES    
Accounts payable 22,337 21,479
Current maturities of long-term debt 31,676 0
Accrued taxes 2,657 3,685
Accrued payroll and benefits 9,277 7,037
Accrued interest 5,340 6,153
Other current liabilities 20,679 21,103
Total current liabilities 91,966 59,457
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 1,030,205 830,554
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15) 31,856 34,137
OTHER NON-CURRENT LIABILITIES 34,981 30,050
COMMITMENTS AND CONTINGENCIES (Notes 8 and 10)
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 122,904,368 and 122,770,217 shares issued and outstanding 709,867 708,827
Retained earnings 700,887 612,760
Accumulated other comprehensive income (loss) 856 (33,503)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,411,610 1,288,084
Noncontrolling interest 85,142 73,656
TOTAL SHAREHOLDERS’ EQUITY 1,496,752 1,361,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,685,760 $ 2,315,938