XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Statement of Comprehensive Income [Abstract]      
SALES $ 203,196 $ 194,491  
Costs and Expenses      
Cost of sales 138,488 136,828  
Selling and general expenses 9,003 9,590  
Other operating income, net (Note 15) (1,369) (1,188)  
Costs and Expenses, Total 146,122 145,230  
OPERATING INCOME 57,074 49,261  
Interest expense (8,052) (8,415)  
Interest and other miscellaneous income, net 620 518  
INCOME BEFORE INCOME TAXES 49,642 41,364  
Income tax expense (Note 8) (6,936) (6,281)  
NET INCOME 42,706 35,083 $ 161,579
Less: Net income attributable to noncontrolling interest 2,167 1,240  
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 40,539 33,843  
OTHER COMPREHENSIVE INCOME      
Foreign currency translation adjustment, net of income tax expense of $0 and $0 9,688 2,432 9,114
Cash flow hedges, net of income tax benefit (expense) of $368 and ($32) 16,615 2,553 5,693
Amortization of pension and postretirement plans, net of income tax expense of $0 and $0 159 116 $ (208)
Total other comprehensive income 26,462 5,101  
COMPREHENSIVE INCOME 69,168 40,184  
Less: Comprehensive income attributable to noncontrolling interest 4,483 1,651  
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 64,685 $ 38,533  
EARNINGS PER COMMON SHARE (Note 11)      
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.31 $ 0.27  
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) 0.31 0.27  
Dividends declared per share (in dollars per share) $ 0.25 $ 0.25 $ 1.00