EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2018

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,
	2018		2017		2018		2017
Net Income		$39,338		$30,773		$82,043		$65,856
Less: Net income attributable to noncontrolling interest	3,080		4,612		5,246		5,853
Net income attributable to Rayonier Inc.		$36,258		$26,161		$76,797		$60,003
Shares used for determining basic earnings per common share	129,067,325		128,548,218		128,935,003		126,081,762
Dilutive effect of:
Stock options	103,154		92,513		90,815		99,602
Performance and restricted shares	540,808		447,448		606,760		337,862
Shares used for determining diluted earnings per common share	129,711,287		129,088,179		129,632,578		126,519,226
Basic earnings per common share attributable to Rayonier Inc.:		$0.28		$0.20		$0.60		$0.48
Diluted earnings per common share attributable to Rayonier Inc.:		$0.28		$0.20		$0.59		$0.47

	Three Months Ended June 30,		Six Months Ended June 30,
	2018	2017	2018	2017
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options	254,663	586,017	213,241	589,335