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Segment and Geographical Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Segment information for each of the three years ended December 31, 2017 follows:
 
Sales
 
2017
 
2016
 
2015
Southern Timber

$144,510

 

$151,192

 

$157,845

Pacific Northwest Timber
91,877

 
77,802

 
80,214

New Zealand Timber
247,609

 
177,889

 
162,803

Real Estate (a)
183,016

 
299,350

 
86,493

Trading
152,584

 
109,682

 
81,445

Total

$819,596

 

$815,915

 

$568,800

 
 
 
 
 

(a) The years 2017 and 2016 include Large Dispositions of $95.4 million and $207.3 million, respectively.
 
Operating Income/(Loss)
 
2017
 
2016
 
2015
Southern Timber

$42,254

 

$43,098

 

$46,669

Pacific Northwest Timber
1,127

 
(3,992
)
 
6,917

New Zealand Timber
72,385

 
33,072

 
2,775

Real Estate (a)
116,038

 
202,379

 
44,263

Trading
4,578

 
2,002

 
1,247

Corporate and other
(20,891
)
 
(20,782
)
 
(24,087
)
Total Operating Income
215,491

 
255,777

 
77,784

Unallocated interest expense and other
(32,231
)
 
(32,943
)
 
(34,702
)
Total Income before Income Taxes

$183,260

 

$222,834

 

$43,082

 
 
 
 
 

(a) The years 2017 and 2016 include Large Dispositions of $67.0 million and $143.9 million, respectively.
 
Gross Capital Expenditures
 
2017
 
2016
 
2015
Capital Expenditures (a)
 
 
 
 
 
Southern Timber

$34,476

 

$33,487

 

$33,245

Pacific Northwest Timber
10,254

 
8,036

 
8,515

New Zealand Timber
17,046

 
16,095

 
15,143

Real Estate
1,348

 
315

 
313

Trading

 

 

Corporate and other
2,221

 
790

 
77

Total capital expenditures

$65,345

 

$58,723

 

$57,293

 
 
 
 
 
 
Timberland Acquisitions
 
 
 
 
 
Southern Timber

$220,051

 

$103,947

 

$54,408

Pacific Northwest Timber
1,483

 
262,534

 
34,052

New Zealand Timber
21,376

 

 
9,949

Real Estate

 

 

Trading

 

 

Corporate and other

 

 

Total timberland acquisitions

$242,910

 

$366,481

 

$98,409

 
 
 
 
 
 
Total Gross Capital Expenditures

$308,255

 

$425,204

 

$155,702

 
 
 
 
 

(a)
Excludes timberland acquisitions presented separately in addition to spending on the Rayonier office building of $6.1 million, $6.3 million and $0.9 million and real estate development investments of $15.8 million, $8.7 million and $2.7 million in the years 2017, 2016 and 2015, respectively.
 
Depreciation,
Depletion and Amortization
 
2017
 
2016
 
2015
Southern Timber

$49,357

 

$49,747

 

$54,299

Pacific Northwest Timber
32,008

 
25,246

 
14,842

New Zealand Timber
36,363

 
23,447

 
29,741

Real Estate (a)
27,479

 
52,304

 
14,533

Trading

 

 

Corporate and other
794

 
402

 
293

Total

$146,001

 

$151,146

 

$113,708


 
 
 
 
 
(a)
The years 2017 and 2016 include Large Dispositions of $18.4 million and $36.1 million, respectively.
 
Non-Cash Cost of Land and Improved Development
 
2017
 
2016
 
2015
Southern Timber

 

 

Pacific Northwest Timber

 

 

New Zealand Timber
128

 
1,824

 
467

Real Estate (a)
23,370

 
32,038

 
12,042

Trading

 

 

Corporate and other

 

 

Total

$23,498

 

$33,862

 

$12,509

 
 
 
 
 
(a) The years 2017 and 2016 include Large Dispositions of $9.8 million and $22.2 million, respectively.
 
Sales by Product Line
 
2017
 
2016
 
2015
Southern Timber

$144,510

 

$151,192

 

$157,845

Pacific Northwest Timber
91,877

 
77,802

 
80,214

New Zealand Timber
247,609

 
177,889

 
162,803

Real Estate
 
 
 
 
 
Improved Development
6,348

 
1,740

 
2,610

Unimproved Development
16,405

 
5,540

 
6,399

Rural
18,632

 
18,672

 
22,653

Non-Strategic / Timberlands
46,280

 
66,133

 
54,831

Large Dispositions
95,351

 
207,265

 

Total Real Estate
183,016

 
299,350

 
86,493

Trading
152,584

 
109,682

 
81,445

Total Sales

$819,596

 

$815,915

 

$568,800

Schedule of Geographical Operating Information
 
Geographical Operating Information
 
Sales
 
Operating Income
 
Identifiable Assets
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
2017
 
2016
United States

$419,403

 

$528,344

 

$324,552

 

$138,528

 

$220,703

 

$73,749

 

$2,331,230

 

$2,181,658

New Zealand
400,193

 
287,571

 
244,248

 
76,963

 
35,074

 
4,035

 
527,251

 
504,102

Total

$819,596

 

$815,915

 

$568,800

 

$215,491

 

$255,777

 

$77,784

 

$2,858,481

 

$2,685,760