EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The following table provides details of the calculations of basic and diluted earnings per common share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Net Income		$30,773		$111,579		$65,856		$126,637
Less: Net income attributable to noncontrolling interest	4,612		1,758		5,853		2,344
Net income attributable to Rayonier Inc.		$26,161		$109,821		$60,003		$124,293
Shares used for determining basic earnings per common share	128,548,218		122,567,853		126,081,762		122,562,046
Dilutive effect of:
Stock options	92,513		98,407		99,602		75,967
Performance and restricted shares	447,448		154,654		337,862		94,889
Shares used for determining diluted earnings per common share	129,088,179		122,820,914		126,519,226		122,732,902
Basic earnings per common share attributable to Rayonier Inc.:		$0.20		$0.90		$0.48		$1.01
Diluted earnings per common share attributable to Rayonier Inc.:		$0.20		$0.89		$0.47		$1.01

	Three Months Ended June 30,		Six Months Ended June 30,
	2017	2016	2017	2016
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	586,017	748,402	589,335	921,928
Total	586,017	748,402	589,335	921,928