Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 219,357	$ 85,909
Accounts receivable, less allowance for doubtful accounts of $33 and $33	33,434	20,664
Insurance settlement receivable (Note 8)	73,000	0
Inventory (Note 15)	27,155	21,379
Prepaid expenses	14,723	11,807
Assets held for sale (Note 17)	9,006	23,171
Other current assets	8,247	1,874
Total current assets	384,922	164,804
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,280,814	2,291,015
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 5)	73,713	70,374
PROPERTY, PLANT AND EQUIPMENT
Land	2,279	2,279
Buildings	8,094	7,990
Machinery and equipment	4,690	4,658
Construction in progress	11,013	8,170
Total property, plant and equipment, gross	26,076	23,097
Less — accumulated depreciation	(9,227)	(9,063)
Total property, plant and equipment, net	16,849	14,034
RESTRICTED CASH (Note 16)	111,276	71,708
OTHER ASSETS	51,336	73,825
TOTAL ASSETS	2,918,910	2,685,760
CURRENT LIABILITIES
Accounts payable	30,956	22,337
Insurance settlement payable (Note 8)	73,740	0
Current maturities of long-term debt	42,926	31,676
Accrued taxes	3,348	2,657
Accrued payroll and benefits	3,079	9,277
Accrued interest	8,321	5,340
Other current liabilities	20,572	20,679
Total current liabilities	182,942	91,966
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	1,028,068	1,030,205
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 13)	31,718	31,856
OTHER NON-CURRENT LIABILITIES	28,888	34,981
COMMITMENTS AND CONTINGENCIES (Notes 6 and 8)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 128,760,051 and 122,904,368 shares issued and outstanding	865,343	709,867
Retained earnings	689,612	700,887
Accumulated other comprehensive income	5,545	856
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,560,500	1,411,610
Noncontrolling interest	86,794	85,142
TOTAL SHAREHOLDERS’ EQUITY	1,647,294	1,496,752
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,918,910	$ 2,685,760