EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Net Income		$30,639			$28,803			$112,682			$94,659
Less: Net income attributable to noncontrolling interest	(7,207		)	(4,115		)	(12,453		)	(9,968		)
Net income attributable to Rayonier Inc.		$23,432			$24,688			$100,229			$84,691
Shares used for determining basic earnings per common share	129,142,931			128,610,696			129,005,074			126,934,003
Dilutive effect of:
Stock options	73,372			84,380			85,000			94,528
Performance and restricted shares	539,571			270,704			584,364			315,476
Shares used for determining diluted earnings per common share	129,755,874			128,965,780			129,674,438			127,344,007
Basic earnings per common share attributable to Rayonier Inc.:		$0.18			$0.19			$0.78			$0.67
Diluted earnings per common share attributable to Rayonier Inc.:		$0.18			$0.19			$0.77			$0.67

	Three Months Ended September 30,		Nine Months Ended September 30,
	2018	2017	2018	2017
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options and performance shares	150,313	621,447	192,265	600,039