EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net Income		$28,803		$40,624		$94,659		$167,261
Less: Net income attributable to noncontrolling interest	4,115		1,269		9,968		3,613
Net income attributable to Rayonier Inc.		$24,688		$39,355		$84,691		$163,648
Shares used for determining basic earnings per common share	128,610,696		122,597,927		126,934,003		122,574,094
Dilutive effect of:
Stock options	84,380		113,849		94,528		88,594
Performance and restricted shares	270,704		170,857		315,475		120,212
Shares used for determining diluted earnings per common share	128,965,780		122,882,633		127,344,006		122,782,900
Basic earnings per common share attributable to Rayonier Inc.:		$0.19		$0.32		$0.67		$1.34
Diluted earnings per common share attributable to Rayonier Inc.:		$0.19		$0.32		$0.67		$1.33

	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	621,447	745,878	600,039	863,244
Total	621,447	745,878	600,039	863,244